Board of Directors:
Mr. Sikandar Mustafa Khan (Chairman)
Mr. Sikandar Mustafa Khan qualified as a Mechanical Engineer from NED University of Engineering & Technology, Karachi in 1967.
He has a Post Graduate Diploma from the University of New-Castle Upon Tyne, U.K.(1969) and Masters’ Degree & Diploma in
Production Engineering (DIC) from Imperial College of Science and Technology, London University (1970), He also attended
several management courses locally and abroad, including International Advanced Management Program (1983) at International
Management Institute, Geneva, Switzerland and Leadership Development Program at Center for Creative Leadership (Colorada Springs),
U.S.A. In addition he participated in the Financial Management Course (1989) at Pakistan Staff College, Lahore, The Management
Control Course (1990) and the Strategy for Business in Developing Countries Program(1993) at LUMS. Mr. Khan is serving on the
Board of several Companies of both Public and Private Sector Companies including the Board of Habib Bank Limited, the largest
private sector Bank of Pakistan. He has varied experience in the Automotive and Engineering Industry and has been associated
with it since 1972. He was the Vice President of Lahore Chamber of Commerce & Industry (LCCI) for the period October 1997 to
September 1998. Mr. Khan was appointed as Managing Director/Chief Executive Officer of Millat Tractors Limited (MTL) in
October 1985 and was elected Chairman of the Board in 1991. In pursuance of the Privatization Policy of the Government,
he successfully led his team for the Employee Buy-out of MTL. He is also the Chairman of Millat Group Companies including
two associated companies; Bolan Castings Limited & Millat Equipment Limited and Millat Industrial Products Limited as a
subsidiary of Millat Tractors Limited.
Mr. Sohail Bashir Rana (Director)
Mr. Sohail Bashir Rana is a qualified Mechanical Engineer (1970) from Engineering University, Lahore with over 45 years experience in the
automobile sector in Pakistan and abroad. He has attended several management courses locally and abroad including Management Programmes
at Ashridge (UK), Lahore University of Management Science (LUMS) and various Technical, Finance and Marketing courses in UK, UAE and Italy.
He is a Fellow Member of the Institution of Engineers (Pakistan) and Institution of Mechanical Engineers (Pakistan), Member of American Society
of Mechanical Engineers, Member Society of Automotive Engineers (USA).
He has been associated with Millat Tractors in various capacities over the past 36 years heading Technical, Marketing and Finance Department and
as Deputy Managing Director before being appointed Chief Executive of Millat Tractors Ltd, in 2006.
Sohail was the founder Chief Executive of Millat Equipment – a Mallit Group Company -- from 1993 to 2005. This unit is producing highly
precise gears, transmission components and sub assemblies for Massey Ferguson tractors.
He is Director on Board of Millat Tractor Ltd, Bolan Castings Ltd, Millat Equipment Ltd, Millat Industrial Products Ltd and is Managing
Director of UAE based TIPEG INTERTRADE DMCC Ltd.
Sohail is currently the Chairman of the Pakistan Automotive Manufacturers Association (PAMA).
Mr. Latif Khalid Hashmi (Director)
Mr. Latif Khalid Hashmi did his Masters in Commerce from Hailey College of Commerce Lahore in 1968 and qualified as a Chartered
Accountant in 1975 from the Institute of Chartered Accountant of Pakistan. He joined National Fertilizer Corporation in 1975
and served as the Head of Finance in Pakarab Fertilizers Limited and Paksaudi Fertilizers Limited for about 14 years. He joined
Millat Tractors Limited in 1988 as the Head of Finance and also served as the Head of Marketing, Technical, and Administration
and as Deputy Managing Director for several years. He was appointed Chief Executive of Millat Tractors Limited during 2004 -2006.
He also served as Chief Executive of Bolan Castings Limited during 1997-2004.
Mr. Laeeq Uddin Ansari (Director)
Laeeq Uddin Ansari is a Mechanical Engineer from University of Engineering & Technology, Lahore with over 40 years of experience
in the automobile sector in Pakistan. He attended number of local & foreign training programs, seminars and conferences.
He Joined Millat Tractors Limited in 1983 and has since been associated with the Company in various capacities. He headed
production, quality control, technical, finance and marketing departments of the Company; He also remained CEO of the Company
till early 2012.
Mian Muhammad Saleem (Director & Company Secretary)
Mr. Saleem is associated with Millat Tractors Limited since 1967. He is a Commerce Graduate and Fellow Member of the Institute
of Cost & Management Accountants of Pakistan. He attended number of local and foreign training programs, seminars and conferences.
He headed finance, marketing and administration departments of the Company. He is also holding the position of Company Secretary
in Millat Industrial Products Limited and is fully conversant with corporate laws.
Ahsan Imran Shaikh (Director)
Currently Mr. Ahsan Imran Saikh is serving as Chief Executive Officer of Millat Equipment Limited. He has served Millat Tractors
Limited for about 14 years as part of management. He has diverse experience in management, production, supply chain, marketing
and project management. He did Mechanical Engineering from University of Engineering & Technology Lahore, Master of
Administrative Science from Punjab University Lahore and Master of Business Administration (Finance) from University of
Bridgeport –CT, USA.
Raafey Zaman Durrani (CEO)
Mr. Raafey Zaman Durrani is a Mechanical Engineer (1990) from University of Engineering & Technology - (UET), Lahore, with over 28 years
of experience in the automotive sector in Pakistan.He has been associated with Millat Group since 1990 and has worked in different areas
such as Engineering, Quality Assurance, Material Management, Marketing, Commercial in various capacities. He has attended several local
and foreign trainings from PIM, PSTD, LUMS and Massey Ferguson – UK, besides other short courses on Management, Finance, Marketing and
He joined Millat Industrial Products Limited in March 2018 and later on became the ‘Chief Executive Officer’ in July 2018.
Chief Financial Officer:
Head of Internal Audit:
Muhammad Nadeem Ashraf
Ilyas Saeed & Co.
A-4, Sea Breez Homes, Shershah Block New Garden Town, Lahore
Asjad Saeed & Associates
Office: 161 Ahmed Block, New Garden Town, Lahore
8.8-K.M. Lahore Sheikhupura Road,
14th Floor, Tricon Corporate Centre,73 Ghous-ul-Azam Jail Road
Lahore – Pakistann
49 K.M.,Off Multan Road,Bhai, Pheru.
Habib Bank Limited
United Bank Limited
Phone : +92-49-4540528
Ext : 19
Pattern of Shareholding:
Pattern of shareholding as on June 30