"Never lose your hope while passing through
unfavourable conditions or experiencing tough times"
By AMANULLAH BASHAR
Sep 13 - 19, 1999
"Pursue work not money. Get down to work and dont pursue
money. If you run after the money it might run away but if you concentrate on your work,
money will automatically follow you. So work, work and only work." These golden words
were said by Ahmed Dawood, one of the most outstanding personalities of trade and
industry, while talking to PAGE on "What makes a successful business
Ahmed Dawood observed, "Unfortunately we as a nation failed to
develop a culture where people feel pleasure while working hard. At the age of 94 he still
has the will to go through a full-day work at his prestigious office.
Revealing the secret of success in his typical style, Ahmed Dawood
advised, "Leave your nose (ego, arrogance or hot temperament) at home while going out
for work." Generally speaking it is the temperament which matters in success or
Born in 1905 at Bantwa of Kathiawar State (India), Ahmed Dawood started
his career as a small businessman in 1920 and never looked back. From a bicycle of Rs16 he
travelled to a position where most modern means of communications wait for him at his door
"Never lose your hope while passing through unfavourable
conditions or facing tough times. Ultimately things would change favourably provided you
remain committed to your belief and work. "Odds and evens" are the part of life
and should be taken in that way, he remarked.
Ahmed Dawood had lost all his business assets worth millions of rupees,
spread all over India including Bantwa, Madras, Calcutta, Bombay and other cities at the
time of creation of Pakistan in 1947. He had to face another serious setback at the time
of Dhaka fall in 1971. At that time he again lost huge industrial and business projects
like Kernafuly Paper Mills Limited, Kernafuly Rayon and Chemicals Limited, Dawood Jute
Mills and Dawood Shipping Company with a fleet of 25 cargo ships. All these assets slipped
out of his hand with the separation of the then East Pakistan. Dawood Group of Companies
had to suffer huge losses due to nationalization policy enforced during Bhutto regime.
Major industrial projects of Dawood Group including Dawood Petroleum and Central Life
Insurance Company Limited were nationalized by the then government in 1974.
Despite all these losses, Dawood Group managed to weather the storm and
continued to retain its leading position on the economic front of the country.
According Ahmed Dawood, who is a firm believer, " Time and
circumstance snatched everything from me but Almighty Allah continued to shower His
Dejected with the nationalization policy of the government, Dawood left
Pakistan for the United States along with his wife for a diversion. He proved his business
acumen during his stay abroad and set up an oil exploration company which successfully
discovered six oil wells in Texas. He, however, returned home in 1977.
Dawood Group of Companies:
Currently, Dawood Group is comprised
of more than 15 large industrial and trade organizations in Pakistan from where thousands
of workers are earning their bread and butter.
He initiated his industrial activities by establishing Dawood Cotton
Mills Ltd at Landhi Industrial area in 1952.
Dawood Corporation (pvt) Limited.:
Established in 1948, Dawood
Corporation played a key role in controlling various organizations set up by Dawood Group
in different parts of the country.
Burewala Textile Mill:
Before taking over the management control
of Burewala project, located at Vehari, it was being run by the public sector as a sick
unit. Dawood Group soon put it into a profit making organization. It was selected among 25
top companies listed with Karachi Stock Exchange.
Dawood Hercules Chemicals Ltd.:
It was a joint venture in
collaboration with Hercules Company of the United States established at Shaikhupura,
Punjab in 1968.
Lawrencepur Woollen And Textile Mills:
Lawrencepur unit is an
internationally known textile project.
This project has the credit to start production
of filament yarn for the first time in Pakistan.
Central Insurance Company Ltd:
Central Insurance Company (pvt)
Ltd, National Mines (pvt) Limited, Asian Cooperative Society Limited and D.G. Mudarba
(pvt) Limited are among several other commercially viable projects being run by Dawood