What Feroze1888 Mills does

Feroze1888 Mills Limited, founded in 1888 and headquartered in Karachi, Pakistan, is the country's largest manufacturer of terry textile products and is listed on the Pakistan Stock Exchange under ticker FML. The company operates a fully vertically integrated production setup covering spinning, weaving, dyeing and processing, embroidery, printing, packaging, cut and sew, and warehousing, with manufacturing certified to ISO 9001:2015 (quality) and ISO 50001 (energy management) and backed by an in-house testing laboratory.

The product portfolio spans three categories: Bath Section (towels and bath linens), Beach Section (beach towels), and Kitchen Section (kitchen towels and related terry textiles). Manufacturing operations incorporate multiple energy- and water-recovery technologies, including a Waste Heat Recovery Boiler (~44,872 tons of steam generated), solar generation (~1,095,798 KWhrs), a Condensate Recovery System (42 million gallons of water recovered), a Water Reclaim & Reject RO System (~116 million gallons saved), and MCS washing machines (~33% washing water saved).

Feroze1888 generates revenue primarily through B2B export sales of terry textile products to international buyers, with reported sales including sales tax of PKR 70,025,184 thousand. Distribution occurs via direct relationships with global textile buyers, complemented by its PSX-listed equity channel for investors. The company was recognized in Forbes Asia's 200 Best Under A Billion Companies List in 2020 and carries a credit rating of AA- (Long Term) and A-1 (Short Term) with Stable outlook as of 19 May 2025.

Name

Feroze1888 Mills

Legal name

Feroze1888 Mills Limited

Website

https://feroze1888.com

Company type

Public

Founded year

1888

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Feroze1888 Mills Limited, founded 1888 and headquartered in Karachi, is Pakistan's largest vertically integrated manufacturer of terry textile products (Bath, Beach, Kitchen towels), exporting globally via B2B channels and listed on the Pakistan Stock Exchange (FML).

Ownership category

akta.pro rank

Product category

Terry Textile Manufacturing

NAICS

Fabric Mills (3132), Broadwoven Fabric Mills (31321), Textile Furnishings Mills (3141), Textile Mills (313)

SIC

Textile Mill Products (2200), Broadwoven Fabric Mills, Cotton (2211), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)

akta.pro primary industry

Knitted Fabric Mills (IMAOABAB)

akta.pro secondary industries

Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH), Greige Woven Fabric Mills (IMAOABAA)

Keywords

• Terry textile manufacturing
• Bath towels production
• Beach towels export
• Kitchen textiles manufacturing
• Vertical textile integration

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Textile Manufacturing and Export: Revenue generated from manufacturing and exporting terry textile products including bath, beach, and kitchen textiles. Reported wealth generated of PKR 70,025,184 thousand in sales including sales tax.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Feroze1888 Mills Limited manufactures and exports terry textile products — towels and bath linens (Bath Section), beach towels (Beach Section), and kitchen towels and textiles (Kitchen Section). Operations are vertically integrated from spinning, weaving, dyeing and processing, printing, embroidery, packaging, cut and sew, through warehousing, supplying international B2B buyers under ISO 9001:2015 quality and ISO 50001 energy management certifications.

Product overview

Feroze1888 Mills Limited is Pakistan's leading towel manufacturer, producing terry textile products across three main product categories: Bath Section (towels and bath linens), Beach Section (beach towels), and Kitchen Section (kitchen towels and textiles). The company operates an integrated manufacturing setup spanning spinning, weaving, dyeing, printing, embroidery, packaging, cut and sew, and warehousing operations. As the largest manufacturer of Terry Textile products in Pakistan, Feroze1888 positions itself as a comprehensive terry textile solutions provider.

Differentiator

Problem solved

Functional benefit

Products and services

• Bath Section Terry textile products for bath use, including towels and related bath linens manufactured by Feroze1888 Mills Limited for international B2B textile buyers.
• Beach Section Beach-themed terry textile products including beach towels manufactured by Feroze1888 Mills Limited for international B2B textile buyers.
• Kitchen Section Kitchen textile products including kitchen towels and related terry products manufactured by Feroze1888 Mills Limited for international B2B textile buyers.

Quantifiable outcome

• Generated 1,095,798 KWhrs solar energy; Saved 262,626 KWhrs via LED lighting; Saved 71,436 KWhrs via VFD installation
• +7 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Seven partnerships are on record, tiered minor, core and flagship.

• Pakistan Institute of Corporate Governance (PICG) and CDCminorOthers · 19 May 2025Pakistan's first comprehensive platform 'Shareholder Agahi' developed by PICG and CDC to enhance shareholder awareness and empowerment.
• NED University of Engineering and Technology Karachi (NEDUET)coreStrategic or Co-development Partner4-month Weaving Certification Program launched in collaboration with NED University to provide core technical knowledge of weaving technology to workers for improving efficiency and productivity.
• Pakistan Pavilion at Expo 2020 DubaiflagshipStrategic or Co-development PartnerSupporting partner to the Pakistan Pavilion at Expo 2020 Dubai - a global gathering of 192 international countries. Pakistan presented under the theme 'The Hidden Treasure'.
• FAMCO Share Registration Services (Pvt.) LimitedminorOthersShare registrar services for Pakistan Stock Exchange listed company, handling shareholder registrations and documentation.
• Shinka Management / Paul SmithcoreImplementation/ SI/ Consulting PartnerLean Management Master Class Training conducted by Paul Smith of Shinka Management. Training focused on developing a roadmap to initiate lean journey throughout the organization.
• Pakistan Stock Exchange LimitedflagshipOthersListed on Pakistan Stock Exchange (PSX) with symbol FML. Company subject to PSX regulatory requirements and trading mechanisms.
• 1888 Mills Ltd. (Global)coreStrategic or Co-development PartnerPart of 1888 Mills global community celebrating 'Weaving A Better World Day' to promote sustainable development, minimize ecological footprint, and ensure inclusive environment.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Sunvim Group: Chinese towel and home textile manufacturer supplying global markets. Comparable as a regionally-focused competitor in Asia-Pacific towel exports, though serving primarily domestic Chinese and broader Asian markets rather than South Asia.
• Alok Industries: Large Indian integrated textile manufacturer producing towels, fabrics, and garments. Comparable as a South Asian vertically-integrated textile peer, though broader in category scope and primarily serving domestic Indian plus export markets.
• Ichikawa Company: Japanese towel manufacturer with strong domestic market presence and export capabilities. Compares as a premium-segment towel peer with similar product range but primarily serving Japanese and Asian markets rather than South Asian.

Broad incumbents

• 1888 Mills: US-based textile manufacturer and Feroze1888's named global partner under the 'Weaving A Better World' initiative. Compares as a broader incumbent in home textiles with established US retail relationships that Feroze1888 supplies into.

Direct peers

• Trident Group: Indian integrated textile manufacturer producing towels, yarn, and home textiles for global markets. Comparable vertical integration model, similar B2B export orientation, and overlapping customer base in terry and home textile categories.
• Noman Group (Bangladesh): Bangladesh's largest towel manufacturer with vertically-integrated operations. Competes directly with Feroze1888 in global towel sourcing for cost-sensitive buyers, leveraging Bangladesh's lower labor cost structure.
• Indo Count Industries: Indian home textile manufacturer focused on bed linen and towels for global retail private-label programs. Comparable export-led business model targeting similar international buyers, with overlapping towel category exposure.
• Welspun India: India's largest home textile manufacturer and one of the world's largest towel producers. Directly comparable as a vertically-integrated terry towel exporter serving Walmart, Target, and IKEA — competing head-to-head with Feroze1888 for global private-label and brand contracts.

Others

• Walmart (Private Label Sourcing): Largest global retailer and a key buyer of private-label towels from Feroze1888 and its peers. Included as a customer/ecosystem participant whose sourcing decisions directly shape Feroze1888's addressable demand and pricing dynamics.

Emerging players

• Pact Group ( towels division): Textile manufacturer with towel and home textile capabilities. Relevant as a comparably-sized emerging player in terry textile exports competing for retailer private-label programs in similar geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Feroze1888MillsLimited
• LinkedInlinkedin.com/company/feroze1888mills

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Feroze1888 Mills