Page 10 - In The Loop Feb-Apr 2018

inside the loop

Listen, Learn & Lead – TiE Talk by CEO Interloop

On 14 Feb., 2018, The Indus Entrepreneurs (TiE), Lahore Interloop, are developing Interloop Way - Lean and People;
Chapter hosted its first TiE Talk of the year, An improving operational systems & processes, and people
Entrepreneurial Journey: Listen, Learn & Lead with practices that support these, thus achieving the desired
Musadaq Zulqarnain, CEO Interloop Limited, at Royal Palm culture towards full engagement. He also talked about the
Country Club, Lahore. TiE is an International, non - profit dedicated Research & Innovation Center at Interloop, with
organization fostering entrepreneurship, with 61 chapters top brains and latest technology, geared towards
in 18 different countries and 13,000 members worldwide. developing new concepts, testing and commercialization.
The Lahore Chapter focuses on promoting entrepreneurial
culture among new entrepreneurs through discussion Talking about Corporate Social Responsibility, Musadaq
forums and talks from accomplished entrepreneurs. shared that a structured program is followed for investing in
the community annually. With major focus on education for
Musadaq started off by sharing how, with no prior business underprivileged children and females, Interloop has
experience, he, his younger brother Navid Fazil and a constructed 22 schools for TCF, instituted 120 scholarships
friend founded the hosiery manufacturing company; at Government College Women University Faisalabad and
Interloop Limited, in 1992. Commencing operations with 10 8 NOP scholarships for LUMS. Other CSR activities include
knitting machines and a total investment of US$ 360,000, health, sports, rehabilitation and literary sessions.
Interloop has developed into one of the world’s largest
hosiery manufacturers, producing 600 million pairs of socks He touched upon the changing world textile and apparel
& tights annually, for top international brands & retailers and trade and highlighted how to unlock the potential through
an annual turnover of US$ 270 million. He talked about business planning, investing in people and utilizing new
company’s journey towards becoming an agent of positive technology. He emphasized about staying ahead of the
change which has turned into Interloop’s mission and every curve by understanding current & future consumer trends
action it takes is derived from its mission. and providing complete solutions to your customers when
they need them.
Musadaq said, ‘The company has grown multiple times
over the years because, we prepare and follow long term He urged young entrepreneurs to focus on planning and
strategic plans, observe fiscal discipline and invest in latest investing in the future, defining and understanding their
technology’. He added, ‘We had no prior business mission & purpose and finding ideas which serve their
experience, but we had ethos and values which we got passion, preparing a business plan & build a team, having
from our home and school. We believed in and practiced strong belief in ethical practices and being adaptable. He
those values. We teach these values to our people, respect also advised them not to be afraid of failures, instead, learn
them, invest in them and it’s our people that make us from them to become successful. He ended his talk on a
different’. He stressed upon the fact that people should feel famous quote from Paulo Coelho ‘Success is being able to
secure about the work they do and enjoy it. This makes go to bed each night with your soul at peace.’
them emotionally attached to their jobs and affects their
efficiencies, positively. He also highlighted multiple The talk provided a perfect learning and networking
initiatives taken for empowering women and improving opportunity for business professionals, academia,
gender parity at Interloop. entrepreneurs and students from relevant institutes.
Humayun Mazhar, President TiE Lahore Chapter, thanked
For making Interloop a truly sustainable organization, he Musadaq Zulqarnain for his excellent talk and presented
mentioned about engaging ex-Toyota employees from him the commemorative shield.
Japan and US who along with a dedicated team at

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