Service Industries Limited

Service Industries Limited
Service Industries Limited
TypePublic
PSX: SRVI
KSE 100 component
IndustryLeather
Founded1941; 85 years ago (1941)
FoundersChaudhry Nazar Mohammad
Chaudhry Muhammad Hussain
Chaudhry Mohammad Saeed
Headquarters
Gulberg, Lahore
,
Pakistan
Area served
Worldwide
Key peopleChaudhry Ahmed Javed (chairman)
Chaudhry Omar Saeed (CEO)
ProductsShoes, tyres, and tubes
Increase Rs. 4.136 billion (US$15 million) (2024)
Total equityIncrease Rs. 14.764 billion (US$53 million) (2024)
OwnerHassan Javed (19.29%)
National Investment Trust (10.94%)
Omar Saeed (10.14%)
Arif Saeed (10.14%)
Number of employees
1,905 (2024)
SubsidiariesService Tyres
Service Retail
Service Industries Capital
SIL Gulf FZE
Dongguan Service Global
Service Global Footwear (79.43%)
Service Long March Tyres (32.09%)
Websiteservisgroup.com
Footnotes
Financials as of 31 December 2024

Service Industries Limited, doing business as Servis, is a Pakistani footwear and tire manufacturer which is based in Lahore, Pakistan.

Service factories are located in the Pakistani cities of Gujrat, Muridke, Nooriabad, Raiwind, Negombo, Sri Lanka. The company had humble beginnings in 1941. Servis Shoes is a shoe manufacturing company and Servis Tyres is a tire manufacturing company working under the Servis Industries Limited.

History

Service Industries Limited (SIL) was founded in 1941 by a group of college friends, namely Chaudhry Nazar Mohammad, Chaudhry Muhammad Hussain, and Chaudhry Mohammad Saeed. It initially produced handbags and sports goods. During World War II, Service supplied boots to the British Indian Army. In 1953, the company established Halal Tanneries, and in 1954, it opened a shoe manufacturing plant in Gulberg industrial area of Lahore.

In 1959, Service relocated its operations to Gujrat, where it opened Pakistan's first organized shoe factory.

From the 1960s to the 1980s, Service diversified its product portfolio to include textiles, motorcycle tires, and gas masks. In 1965, the company formed a retail subsidiary called Service Sales Company (SSC), which opened stores near those of its competitor, Bata Pakistan. By 2007, SSC had surpassed Bata in sales, and by 2010, SIL had become a major shoe exporter and had over 450 retail outlets in Pakistan.

In 2011, Service's ownership was passed to the founders' descendants, with Omar Saeed, a third-generation family member, becoming the CEO. Under Saeed's leadership, SIL introduced changes in its retail operations, such as adopting a new store format under the Shoe Planet brand, which contributed to business growth. During this period, SSC also made changes in its managerial practices and product offerings.

Subsidiaries

Footwear brands

See also

References

  1. ↑ "Service Industries Limited Annual Report 2024". Retrieved 27 April 2025.
  2. ↑ Jamal, Nasir (11 April 2016). "Responding to the call for diversification". DAWN.COM.
  3. 1 2 "Servis: the iconic shoe company doubles down on its tyre manufacturing business". Profit by Pakistan Today. 17 January 2021.
  4. ↑ Servis Group incorporating wholly-owned subsidiary company Business Recorder (newspaper), Published 17 October 2015, Retrieved 8 May 2019
  5. ↑ Hussain, Dilawar (7 April 2014). "Putting the best foot forward". DAWN.COM.
  6. 1 2 3 4 5 6 7 8 9 10 Chatha, Kamran A. (4 March 2019). "Service Tyre and Tube Division: Strategic Capabilities for Business Growth". Asian Journal of Management Cases. 16 (1): 51–75. doi:10.1177/0972820119825981 – via CrossRef.
  7. 1 2 3 Competition in shoe market is heating up, Business Recorder, Published 31 March 2017, Retrieved 8 May 2019