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ABOUT US  

In 1888 in Delhi, two brothers named Mohammad Farooq and Mohammad Yahya had a vision for becoming leaders in the textile industry. It started as a humble venture with only 60 looms and eventually grew to be one of the largest textiles company in the Sub Continent. After 59 years of success and growth in India, the events of history led the family during the Partition of 1947 to abandon their assets and relocate to the newly created Pakistan. It was in Karachi, where with the few savings they had, they re-launched M.F.M.Y in 1950 and kept the dream alive.

Hard work and new opportunities in a brand new country made it possible for the company to achieve rapid growth. M.F.M.Y has the distinction of running the one of the first spinning mills in Pakistan and later one of the first commercial processing units in the country highlighting the group’s commitment to be the pioneers in its field. By 1991 M.F.M.Y had become the 14th largest spinning company in Pakistan. It consisted of three spinning and two processing and printing units. It was recognized by the Karachi Stock Exchange as one of the Top 25 Companies that same year.

M.F.M.Y continued to enjoy its success but by late 2004, increasing world competition, rising cost of industry in the country and diminishing returns on equity led the management to a heart wrenching decision to close M.F.M.Y’s textile operations. On August 11th 2005 after being the textile business for 117 years, it was time to diversify and reinvent itself.

Diversification: The New Way Forward

The entire land holding of M.F.M.Y Industries, located in the heart of Karachi’s industrial center, was converted into warehouses. The company now caters to the storage needs of many large multinational as well as reputable local companies. Our diverse inventory of industrial warehouse space for rent includes properties that can be used for industrial, distribution, shipping, warehouse distribution centers, storage, showrooms, and food grading facilities.

M.F.M.Y directly controls and manages all the commercial industrial properties under its ownership. With no outside investors or lenders, the management team is able to manage every building and storage facility, concentrating on tenant acquisition and retention. All of our industrial warehouse space for rent allows a high level of attention for our tenants' needs. Our philosophy is to invest in high quality improvements for the long term to continue with the tradition of providing value for our clients.

Decisions are made locally at each location where our commercial industrial properties are, so there is never a delay in attending to a maintenance issue. Our warehousing management team balances the needs of the tenants and the company to provide greater value and efficiency. With onsite maintenance management at all warehouse distribution centers, our tenants are guaranteed immediate solutions for any problem.

M.F.M.Y is currently under negotiations for transfer of technology with leading European companies to offer Refrigerated Warehousing facilities for our clients. Thus, M.F.M.Y is challenging itself toward the pursuit of excellence and creating new opportunities for growth.

 

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