OLP Services Pakistan (Private) Limited (formerly, ORIX Services Pakistan (Private) Limited) (“the Management Company”) was incorporated as a private limited company on February 25, 1987 under the then applicable Companies Act, 1913 (now Companies Act, 2017). Subsequently, it was registered as a Modaraba Company with the Registrar of Modaraba Companies and Modarabas under the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980. The principal activity of the Management Company is to engage in the business of floatation of Modarabas and to function as a Modaraba Company within the meaning of the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980.
Contact Detail: Office 601, 6th Floor, Syedna Tahir Saifuddin Memorial Trust Building, Civil Line, Beaumont Road, Karachi, Pakistan
Tel: +92 21 35930000
Web: www.olpfinance.com
OLP Modaraba “OLPM” (formerly ORIX Modaraba) is an Islamic Financial Institution listed on the Pakistan Stock Exchange. OLPM, incorporated in 1987 as First Grindlays Modaraba and controlled by ANZ Grindlays Bank which was then acquired by Standard Chartered Bank Pakistan Limited in the year 2000. With this merger, name of First Grindlays Modaraba changed to Standard Chartered Modaraba. ORIX Leasing Pakistan acquired Standard Chartered Modaraba in 2016 due to its high growth prospects and complementary fit with its existing operations in Pakistan and re-named it “ORIX Modaraba”. However, ORIX Modaraba has been renamed as OLP Modaraba as a re-branding/ re-profiling exercise carried out at the ORIX group level in order to further strengthen and improve Modaraba’s high image in the market. The Modaraba is primarily engaged in the financing of plant, machinery, equipment, vehicles and housing finance under Islamic finance structures and operates from offices in Karachi, Lahore and Islamabad.
Web: www.olpmodaraba.com