History

History

Being one of the leading business groups in the country, the group has come a long way since starting operations in early 1970s. Initially starting out as a construction and contracting company by the name of Omar Associates (pvt.) Ltd, with the purpose of undertaking contracts of all types of civil, electrical and mechanical projects, the group has now grown to encompass various companies undertaking diverse industrial projects. From the initial days the company remained focused on taking on industrial projects in the private as well as corporate sectors and successfully completed a variety of projects with the Pakistan Armed Forces, Port Qasim Authority, Karachi Electric Supply Corporation, Karachi Water and Sewerage Board and other municipal bodies.

In the mid 80’s the company went into a joint venture with a Saudi Arabian firm for undertaking international projects in Saudi Arabia. For the next 5 years, the company successfully undertook and concluded various residential and commercial projects in the Middle East to add to its growing portfolio.

With the induction of new directors in the company in the early 90’s, new business lines were added and hence a new company by the name of Capricorn Associates was formed as part of the group. The company was responsible for launching the concept of plastic cards in Pakistan and came up with Pakistan’s first discount card namely Capricorn Discount Card which was a huge success and opened the gateway for other card-based businesses. The new company then went on to establish further additional business lines including, heavy equipment rental as well as commercial kitchen equipment supply. It also undertook various construction projects with multinational entities and played pivotal roles in the construction of Quaid-e-Azam International airport in Karachi as well as setting up of various IPPs.

In the year 2000, the Group went into full-scale production of Industrial sands and set up one of the largest plants for crushing, grading and sorting industrial sands in Asia. The plant is the only of its kind in Pakistan producing the full range of industrial sands and is being widely used locally as well as being exported abroad. We are also the only company in Pakistan to supply USGA standard golf course sands and our sands are now being used in golf courses all across the country.

In 2003, Capricorn Associates went into the field of pesticides. Starting from granular pesticides, our brand grew in popularity owing to the grain uniformity and strong technical content and now serves the full spectrum of granular as well as liquid-based agricultural pesticides, herbicides, fungicides and organic fertilizers.

In the year 2005, the group further diversified in the field of minerals and mining and started production of various grades of talc (soapstone) as well as other minerals like barite, calcite and kaolin etc. The group is now the largest exporters of minerals from Pakistan, especially talc. As a further commitment to this field, the group has now entered into a joint venture with an Italian company IMI Fabi, to launch one of the largest minerals processing facilities in this region. We have also recently added a fully automatic line for the production of calcium carbonate in fine grades down the 3 microns utilizing a state-of-the-art European plant.

Although the group has always had a keen interest in sports over the past 25 years, in 2015, the group furthered its passion in the field of sports by acquiring the franchise rights of the Quetta Gladiators cricket team, which managed to reach the finals of the inaugural tournament – Pakistan Super League, held in Dubai in February 2016.