TRG Pakistan
TypePublic
PSX: TRG
IndustryBusiness process outsourcing
Founded2002 (2002)
HeadquartersKarachi, Pakistan
Key people
Mohammed Khaishgi (Chairman, CEO, and Co-founder)

Hasnain Aslam (CIO and Co-founder)

Zia Chishti (Co-founder)
RevenueIncrease Rs. 9500 crore (US$330 million) (FY2020)[1]
Decrease Rs. -741 crore (US$−26 million) (FY2020)[1]
Total assetsIncrease Rs. 5675 crore (US$200 million) (March 2023)[2]
Websitetrgworld.com

The Resource Group Pakistan, known as TRG Pakistan, is a Pakistani venture capital company which invests in business process outsourcing companies and is based in Karachi, Pakistan.[3][4] It was founded in 2002.[5]

The company is owned by TRG International and about 86% of the revenue is earned from Ibex.[6]

It has a presence in more than seven countries.[7] The company has more than 20,000 employees in 26 sites.[4]

History

TRG Pakistan was founded on December 2, 2002 by Zia Chishti, Hasnain Aslam, and Mohammed Khaishgi of the Kheshgi family.[8] The operations of the Company effectively started on April 11, 2003.[9]

In 2018, the company closed its call center facility at Indiana Mall laid off 105 employees.[7] In the same year, they filed for an IPO and listing on the NASDAQ.[10]

In 2020, the Securities & Exchange Commission of Pakistan requested that the Pakistan Stock Exchange raise an inquiry to investigate alleged insider trading.[11]

References

  1. 1 2 "Strong year for TRG Pakistan in a banner year for its global subsidiaries". Profit by Pakistan Today. 21 November 2020. Retrieved 9 December 2022.
  2. ↑ "TRG.PK | TRG Pakistan Ltd. Annual Balance Sheet". WSJ. Retrieved 29 August 2023.
  3. ↑ "The TRG stock phenomenon, explained". Profit by Pakistan Today. February 20, 2021.
  4. 1 2 MUSSELMAN, RON (4 May 2018). "Indiana Mall call center set to close, with 105 layoffs". The Indiana Gazette Online.
  5. ↑ Jones, Donovan (March 19, 2018). "IBEX Holdings Updates U.S. IPO Terms". Seeking Alpha.
  6. ↑ Tirmizi, Farooq (March 7, 2017). "After a stellar entrepreneurial run, TRG is Zia Chishti's swan song". Profit by Pakistan Today.
  7. 1 2 MUSSELMAN, RON. "Call center in mall to close Saturday". The Indiana Gazette Online.
  8. ↑ Khaishgi, Mohammed (2006-03-29). "Offshoring BPO to Pakistan: TRG's Experience | Sourcing Mag". Retrieved 2023-07-30.
  9. ↑ Arifeen, Mohammed (2018-07-08). "TRG Pakistan: Profile and financial review". Pakistan & Gulf Economist. Retrieved 2023-07-30.
  10. ↑ "Ibex Holdings seeks listing on Nasdaq | ePaper | DAWN.COM". epaper.dawn.com. 27 February 2018.
  11. ↑ Paracha, Shahzad (2020-08-04). "SECP asks PSX to inquire alleged insider trading at TRG Pakistan". Profit by Pakistan Today. Retrieved 2020-08-24.


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