The Dawood family is one of the wealthiest families in Pakistan. They have diverse business interests and are known for their philanthropy. One prominent member of the family was Shahzada Dawood, a Pakistani businessman and philanthropist who was the vice-chairman of Engro Corporation. Tragically, he passed away in a submersible accident in 2023 while on a tourist expedition to view the wreck of the Titanic. The family has made significant contributions to various industries and has a strong presence in Pakistan’s business landscape.
The Dawood family started the business by putting clothes on a rudder
The Dawood family business roots trace back to the early decades after the independence of Pakistan. Founded by Seth Ahmed Dawood, the family-business, known as the Dawood Group, started its activities in 1948. Initially, it began from a small office and a shop in Karachi, which gradually grew into a vast conglomerate encompassing diverse businesses and industries.
Ahmed Dawood, one of the country’s senior industrialists, was the driving force behind the family business, and by 1933, his firm became the largest supplier of imported yarn to the textile mills in India. After the partition, he migrated with his three brothers – Suleman Dawood, Siddiq Dawood, and Sattar Dawood – to Pakistan and the UK, setting up the Dawood Corporation.
The Dawood Group faced setbacks in the early 1970s, losing businesses and investments due to nationalization in East Pakistan (later Bangladesh). Nonetheless, the family’s business resilience and adaptability have established it as one of the largest business groups in Pakistan.
The family’s diverse business interests and contributions have marked their significant presence in Pakistan’s business landscape.