Our Group’s business history dates back to more than 50 years and during the last 5 decades the Company has made significant progress in terms of its operations, presence and products’ range. Whilst moving ahead from a One-Man Company to an over 800 employees’ organization and from one location to extensively outreaching across Pakistan.
As part of our expansion strategy we made it a point to fuel our organic growth and expand horizontally as well as vertically in terms of our operations, products and presence.
In 1971, KG Traders was licensed by Pakistan Customs to carry out Clearing and Forwarding business.
By early 1990 KG Traders had established a complete range of Collateral Management services.
The Company turned a major leaf in the year 1999, got incorporated to become K. G. Traders (Pvt.) Ltd.
The Company continued to embark in its direction of product development and continuous improvement and in 2003 established Assets’ Valuation and Stocks’ Inspection departments.
In 2004 KG Traders became a formal part of Asset Valuators’ Fraternity when Pakistan Banks’ Association (PBA) regularized Asset Valuation and Stocks Inspections & brought those under its domain.
It is since 2005 KG Traders has been able to manage and continue to maintain its position as No Limit / Any Limit Asset Valuator for all of the three PBA panels (1, 2 & 3).
Encouraged by the positive response of the industry, in the year 2006 – 2008 nine (9) new branches were added.
In its quest to add diversified products to its Service Platter the KG Traders, during 2007, established its Business Information Department that encompasses Local Credit Reports, Income Estimations, Charge Registration, Search Reports and Company Incorporation etc.
2011 was an important year when having built a national database alongside developing industry expertise KG Traders entered into agreements with internationally reputed vendors in the areas of Credit and Consumer Services and with the approval of the State Bank of Pakistan, started delivering International Credit Reports to our clients.
KG Traders explored new horizons during 2012 and utilized its multi-faceted know how and entered into a new business of Asset Management Services.
In 2018, in compliance of an Act, we were issued a License in the name of KGT Business Solutions by Securities & Exchange Commission of Pakistan for providing “Intermediary Services” to all Banks in Pakistan.
In 2019 KG Traders was duly Licensed by Pakistan Banks Association which is a body formed by State Bank of Pakistan to regulate Recoveries & Repossession Agencies’ Business in Pakistan. The aim was to create a discipline & to set a code of conduct to be adhered to by the Approved Agencies in respevct of Collection, Recovery and or Repossession of Collateralized Assets.
Pakistan Banks Association’s approval for enlistment of KGT Business Solutions as a “Recovery & Collection Agency” is based on the State Bank of Pakistan’s guidelines under SBP Prudential Regulations, issued to control “Recoveries & Re-Possession Business in Pakistan” in a disciplined manner.