Buxly Paints Limited

Few companies can boast of a heritage that dates back to the creation of Pakistan itself. Buxly Paints Limited is proud to be one such company. Khan Rahim Bux Khan the founder of Buxly Paints Limited first started manufacturing paints in 1933 in the state of Hyderabad-Deccan, in undivided India. It was the first paint factory started by a local. The company remained a propriety concern and after partition in 1947, the family migrated to Pakistan, where in 1948 Rahim Bux set up the first paint factory of Pakistan under the name, Buxly Paints Works. The company was incorporated in Pakistan in April 1954 as a private limited company under the Companies Act 1913, with registered office in Karachi and subsequently converted into public limited company in May 1985. Its Shares are listed on the Karachi, Lahore and Pakistan Stock Exchanges. During 2000 the companys major shareholders decided to dis-invest their shares which were taken over by Slot-Rapid Limited U.K. Berger Paints Pakistan...