TRG Pakistan
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| Company type | Public |
|---|---|
| PSX: TRG KSE 100 component | |
| Industry | Venture capital |
| Founded | 2003 |
| Founder | Zia Chishti |
| Headquarters | Karachi, Pakistan |
Key people | Mohammed Khaishgi (chairman) Hasnain Aslam (CEO) |
 Rs. −32.213 billion (US$−110 million) (2024) | |
| Total assets | Rs. 40.582 billion (US$140 million) (2024) |
| Total equity | Rs. 33.286 billion (US$120 million) (2024) |
| Owner | Zia Chishti (16.12%) |
Number of employees | 6 (2024) |
| Subsidiaries | TRG International Limited (45.3%) |
| Website | trg |
| Footnotes / references Financials as of 30 June 2024[update][1] | |
The Resource Group Pakistan, commonly known as TRG Pakistan (Urdu: ٹی آر جی پاکستان), is a Pakistani venture capital firm specializing in investments in business process outsourcing companies. It is based in Karachi.[2]
History
[edit]Founded in 2003 by Zia Chishti, TRG originated from back-office operations he had established for Align Technology in Lahore.[3] After his departure from Align, these operations became the foundation of TRG Pakistan's call center business in Pakistan.[3] TRG obtained the certificate of commencement of business on February 27, 2003. The operations of the company effectively started on April 11, 2003.
In July 2003, TRG was listed on the Karachi Stock Exchange following an initial public offering at a strike price of PKR 10.[4] In November 2003, TRG acquired a 40 percent stake in Centratel LLC, a provider of call center and telephone answering services in Bend, Oregon.[5] Previously, it made an investment in Los Angeles-based Alert Communications.[5]
In May 2004, TRG acquired iSKY Inc., a company providing customer care and marketing services to companies in North America and Europe.[6] In June 2004, TRG acquired DCS Inc., a South Dakota-based call center service provider, through its subsidiary Alert Communications, Inc.[7] A year later, in 2005, TRG made a seed investment in Afiniti, a software company developing artificial intelligence for use in customer call centers.[3]
In October 2007, TRG sold its shareholding of Central Voice, LLC to Endicott Communications for $1.75 million.[8]
In 2020, TRG's subsidiary ibex was listed on the Nasdaq.[9]
Subsidaries
[edit]References
[edit]- ^ "TRG Pakistan Annual Report 2024" (PDF). Retrieved 1 October 2024.
- ^ Ali, Meiryum (February 20, 2021). "The TRG stock phenomenon, explained". Profit by Pakistan Today.
- ^ a b c d e Tirmizi, Farooq (March 7, 2017). "After a stellar entrepreneurial run, TRG is Zia Chishti's swan song". Profit by Pakistan Today.
- ^ "Broadening the retail base in stock market". DAWN. 19 July 2004.
- ^ a b "Acquisition". DAWN.COM. November 11, 2003.
- ^ "Resource Group acquires iSKY". DAWN.COM. May 28, 2004.
- ^ "TRG acquires US call centre firm". DAWN.COM. June 12, 2004.
- ^ "TRG sells subsidiary for $1.75m". DAWN.COM. October 23, 2007.
- ^ "Ibex Holdings seeks listing on Nasdaq | ePaper | DAWN.COM". epaper.dawn.com. 27 February 2018.
- ^ a b c "TRG Pakistan case study".
