Ranipur Sugar Mills, a private limited company, incorporated on 4 th July 1998 having its
registered office at Karachi. The company acquired / taken possession of the sugar mills in the
name and style of Consolidated Sugar Mills on 1 st July 1998 through the official Assignee of
Karachi High Court of Sindh in J.Misc. No 99 of 1994. Entire acquisition / purchase price was
paid to the satisfaction of the court as per the court approved arrangements.
Originally, the RSM was owned by two families in 50:50 ratio, one headed by Dr. Abdul Malik
Arian– leading surgeon practicing in USA and other by Mr. Imam Din Shouqeen – A renowned
industrialist of Popular Group. Later on, in 2002, Mr. Imam Din and his family sold their shares
to Dr. Abdul Malik Arain and his family who became the sole owner of the company till Jun,
In April 2017, Dr Abdul Malik Arain and his family members entered into a sale purchase
agreement with Mr. Shunaid Qureshi to sell their entire shares / interest in the company. The
transaction was completed and entire shareholding was shifted to Mr. Shunaid Qureshi holding
company namely M/s. Al-Madad Holdings (Private) Limited. This holding company would be
the business venture of two friends namely Mr. Shunaid Qureshi (60%) and Mr. Ashraf Qazi
(40%) through his company namely M/S Silver Lake Partners FZE, Umm Al Quwain, UAE.
Mr. Shunaid Qureshi – a renowned industrialist of the town having decades of experience in
establishing and running the sugar mills with diversified portfolio of other investments in Media,
(HUM TV), Energy, Cement, real estate and active player in Stock Market. He had secured a
gold medal in Industrial Engineering from Mehran University of Engineering and Technology
Jamshoro. Sindh. He is associated with sugar industry from last two decades and led the
Pakistan Sugar Association in the capacity of Chairman for six years. He also led the PSMAC
from 2013 to 2016 on all Pakistan bases at various capacities Chairman/Vice Chairman. He is
known for his entrepreneur and leadership skills in the market and enjoys good repute among the
business circles and financial market with clean ECIB record and wealthy gentleman.
Present Board of Directors consist of
Mr. Shunaid Qureshi – The Chairman
Mr. Shahmeer Shunaid – The CEO
Mrs. Sultana Siddiqui – The Director.
The sponsors of the company have sufficient cash resources, ample industrial experience and
they have in a position to meet their obligation under the financial flame with ease.
The following persons are the Sponsors of the company.
The Sponsors have solid plans to convert this mills into a composite industrial unit with diversified and well integrated activities like Sugar, Power, Distillery, Steal Mills and value added products of sugar. The sponsors are working with various engineering companies locally and international to invent a mechanically gur manufacturing unit which would increase the recovery/yield from 9.5% to 15.00% around and almost 40% improved pricing with Zero Sales Tax. Similarly installation of Confectionary unit to use the sugar for value added products to improve the profit margins and to play its role in GDP of the country. The Sponsors possess good resources to implement their future plans and enjoys good repute in the market and quite capable to achieve the same.