TRG Pakistan

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.[2][3] It was founded in 2002.[4]

TRG Pakistan
TypePublic
PSX: TRG
IndustryBusiness process outsourcing
Founded2002 (2002)
HeadquartersKarachi, Pakistan
Key people
Hasnain Aslam (CIO and Co-founder)

Zia Chishti (Co-founder)

Mohammed Khaishgi (COO and Co-founder)
RevenueIncrease Rs. 9500 crore (US$330 million) (FY2020)[1]
Decrease Rs. -741 crore (US$−26 million) (FY2020)[1]
Websitetrgworld.com

The company is owned by TRG International and about 86% of the revenue is earned from Ibex.[5]

It has a presence in more than seven countries.[6] The company has more than 20,000 employees in 26 sites.[3]

History

In 2014, the company announced that they will employ 800 people in Spring Hill, Tennessee.[7]

In 2018, the company closed its call center facility at Indiana Mall laid off 105 employees.[6] In the same year, they filed for an IPO and listing on the NASDAQ.[8]

In 2020, the Securities & Exchange Commission of Pakistan requested that the Pakistan Stock Exchange raise an inquiry to investigate alleged insider trading.[9]

References
  1. "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. "The TRG stock phenomenon, explained". Profit by Pakistan Today. February 20, 2021.
  3. MUSSELMAN, RON. "Indiana Mall call center set to close, with 105 layoffs". The Indiana Gazette Online.
  4. Jones, Donovan (March 19, 2018). "IBEX Holdings Updates U.S. IPO Terms". Seeking Alpha.
  5. Tirmizi, Farooq (March 7, 2017). "After a stellar entrepreneurial run, TRG is Zia Chishti's swan song". Profit by Pakistan Today.
  6. MUSSELMAN, RON. "Call center in mall to close Saturday". The Indiana Gazette Online.
  7. "IBEX Global to hire 800 people". The Daily Herald.
  8. "Ibex Holdings seeks listing on Nasdaq | ePaper | DAWN.COM". epaper.dawn.com. 27 February 2018.
  9. 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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