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Siemens Pakistan
Company typePublic
PSX: SIEM
IndustryEngineering
Founded1953; 72 years ago (1953)
Headquarters
Karachi
,
Pakistan
Area served
Pakistan
Key people
Bernhard Niessing
Chairman
Marcus Erich Strohmeier
MD
Umer Jalil Anwer
CFO[1]
ProductsIndustrial and buildings automation, PLM software
ServicesBusiness services, project and construction management
RevenueIncrease Rs. 35.166 billion (US$120 million) (2024)
Decrease Rs. 156.396 million (US$540,000) (2024)
Decrease Rs. −2.048 billion (US$−7.1 million) (2024)
Total assetsDecrease Rs. 31.497 billion (US$110 million) (2024)
Total equityDecrease Rs. 5.396 billion (US$19 million) (2024)
OwnerSiemens AG (92.40%)
Number of employees
487 (2024)
ParentSiemens
Websitesiemens.com.pk
Footnotes / references
Financials as of 30 September 2024 [2]

Siemens (Pakistan) Engineering Company Limited is a Pakistani engineering services company headquartered in Karachi.[3] It is a subsidiary of Siemens AG.

Active since 1953, Siemens Pakistan is one of the largest providers of engineering services and management in the country, with overseeing ongoing projects in healthcare, defence development, energy,[4] telecommunications, computer expansion and heavy construction management.[5]

History

[edit]

Siemens presence in the region dates back to 1870 with the construction of the Indo-European telegraph line from London to Calcutta. Siemens established its first office in the area now known as Pakistan in 1922.[6][7]

In 1952, Siemens formed a joint venture with the Government of Pakistan to establish the Telephone Industries of Pakistan (TIP), a telephone equipment manufacturing company, with 30 percent stake.[8][9] TIP produced rotary telephones branded with "TIP" on their dials, which were commonly used in many Pakistani households during the 1990s and earlier.[8] These telephones were manufactured at the TIP facility in Haripur, which was established with Siemens' assistance.[8] Siemens formally incorporated its subsidiary in Pakistan as a private limited company in 1953, and later reorganized as a public limited company in 1963.[6] When founded, Siemens Pakistan was originally focused on providing the network of communications, but its role in the energy sector has grown since 1987.[6][10][11]

In July 1978, Siemens was listed on the Karachi Stock Exchange.[8][12]

In 1997, Siemens established awards for engineering students across Pakistani universities and a three-year apprenticeship course for students in Karachi.[6]

By 2002, over 50 percent of telephone networks in Pakistan were using Siemens Pakistan's EWSD technology.[13]

In 2005, Siemens acquired Carrier Telephone Industries from PTCL under the privatization scheme of the Government of Pakistan.[14][15]

In 2008, Siemens Pakistan expanded its operations to Afghanistan after acquiring the local assets from Siemens India.[16]

In April 2015, Siemens sold its distribution transformer manufacturing business along with assets of land and building in Sindh Industrial and Trading Estate for $32 million.[17][18] In August 2015, Siemens Pakistan decided to transfer its healthcare business sector to a private limited company headquartered in Lahore, Pakistan.[19] In December 2015, healthcare business ownership was transferred to the German company Siemens Healthcare.[20] During the same period, it closed down its diesel-generating sets business and non-standard motor business segments.[16]

In October 2024, Siemens Pakistan further reduced its operations in Pakistan and sold its energy business to Siemens Gamesa for PKR 17.8 billion.[21]

Services

[edit]
  • Energy management[19]
  • Digital factory[19]
  • Process industries and drive[19]

Management

[edit]

CEOs

[edit]
  • Sohail Wajahat Siddiqui[22]
  • Ali Hamdani[23]

References

[edit]
  1. ^ "Corporate Governance". Corporate Governance. Retrieved 26 August 2014.
  2. ^ "Siemens Pakistan Annual Report 2024". Retrieved 29 August 2024.
  3. ^ "Siemens Pakistan profile". Siemens Pakistan profile. Retrieved 26 August 2014.
  4. ^ "Siemens Energy Sector". Siemens Energy Sector. Retrieved 26 August 2014.
  5. ^ "Siemens Pakistan". Siemens Pakistan. Retrieved 26 August 2014.
  6. ^ a b c d "Siemens in Pakistan since 1922". Brecorder. October 18, 2006.
  7. ^ "Siemens Pakistan: Rightful place among the top 25". Brecorder. December 3, 2004.
  8. ^ a b c d Tirmizi, Taimoor Hassan, Farooq (April 22, 2019). "Pakistanis are starting to spend more on healthcare. Siemens is counting on it". Profit by Pakistan Today.{{cite web}}: CS1 maint: multiple names: authors list (link)
  9. ^ "Phone factory facing closure". DAWN.COM. July 10, 2006.
  10. ^ "Milestons of Siemens Pakistan". Milestons of Siemens Pakistan. Retrieved 26 August 2014.
  11. ^ "Technological solutions by Siemens Engineering". Technological solutions by Siemens Engineering. Retrieved 26 August 2014.
  12. ^ "Karachi Stocks | Live SIEM". khistocks.com.
  13. ^ "Siemens delivers technology to PTCL". DAWN.COM. July 11, 2002.
  14. ^ "Sale of 8016 PTCL shares in CTI to Siemens approved". Brecorder. September 13, 2005.
  15. ^ "Siemens to bid for PTCL subsidiary". DAWN.COM. July 28, 2004.
  16. ^ a b Hussain, Dilawar (December 28, 2015). "Shedding fat to be profitable". DAWN.COM.
  17. ^ "Siemens to sell transformer business". DAWN.COM. March 4, 2014.
  18. ^ "Siemens to sell assets in Karachi". transformers-magazine.com.
  19. ^ a b c d Hussain, Dilawar (August 3, 2015). "Siemens' focus on core business". DAWN.COM.
  20. ^ "Siemens Pakistan to spin off healthcare business". DAWN.COM. December 20, 2015.
  21. ^ "Siemens sells energy unit for Rs17.8bn". DAWN.COM. October 15, 2024.
  22. ^ "Siemens restructures worldwide operations". DAWN.COM. August 19, 2008.
  23. ^ "Siemens gets new MD". DAWN.COM. September 30, 2011.
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