INTRODUCTION OF COMPANY
Pak Elektron Limited (PEL) was in corporated in Pakistan on march 03,1956 as a publiclimited company under the companies Act, 1913 (replaced by companies ordinance1984). Registered office of the company is situated at 17 Aziz Avenue, canal bank Gulberg_ V Lahore. The company is currently listed on all three stock exchange of Pakistan. The principal activity of the company is manufacturing and sales of electricalcapital goods and domestic appliances.These activities are organized under following divisions.Power division: manufacture of switchgear, energy meter, and transformers.Appliances division: manufacture and assembling of refrigerators, air conditioner,microwave oven, television and washing machine.
PAK ELEKTRON LIMITED was set up in 1956 as a joint venture with one of the largestand renowned manufacturers of electrical equipment Messrs. AEG of West Germany for manufacturing Transformers, Switchgears and Electric Motors etc. The entire job of machinery requirements and layout of the factory building was planned and implemented by AEG who produced very well balanced facility for the design and manufacture of theabove equipment and the commercial production was commenced on 22 November 1956.Up to 1962, when AEG finally phased out, the designing and manufacturing of allequipment was carried out jointly by AEG experts and PEL personnel. PEL staff, in themeantime, had received specialized training in USA and West Germany which enabledPEL to establish itself as the leading manufacturers of electrical equipment in the countrywith an excellent reputation for high quality and thus PEL came to be known as "THEQUALITY CONSCIOUS COMPANY".3