Biography of Mudassir Shafiq: Founder & CEO of National Impex- Entrepreneur

Biography of Mudassir Shafiq: Founder & CEO of National Impex- Entrepreneur

Biography of Mudassir Shafiq:

Introduction to National Impex

In the competitive world of industrial machinery, National Impex has emerged as a prominent player in Pakistan. Founded by Mudassir Shafiq, the company specializes in producing paper-making machines and other essential industrial equipment. From humble beginnings, National Impex has carved out a niche by manufacturing high-quality machinery and reducing reliance on imports.

 A Visionary Founder’s Ambition

Mudassir Shafiq, the visionary behind National Impex, has always aimed to transform the local manufacturing landscape in Pakistan. His focus lies in providing reliable, domestically manufactured alternatives to imported industrial equipment. This vision has not only addressed gaps in the market but also supported the growth of local industries.

First Steps into Manufacturing

National Impex began its journey in 2015 with the production of its first paper-making machine, created at a modest cost of $3,000. Over time, the company expanded its portfolio to include paper slitters, cutters, and rewinders, all vital for efficient production processes in the plastic, packaging, and converting sectors.

Steady Growth and Financial Performance

The company’s progress has been steady, with 2023 being a milestone year. National Impex reported sales of around PKR 3.5 to 4 crore, achieving an impressive net profit margin of 30-35%. These figures reflect the company’s growing demand and profitability in a niche market.

Entering the Shark Tank

Mudassir Shafiq brought National Impex to the spotlight by appearing on Shark Tank Pakistan. In the second episode of the show, he presented his ambitious plans to scale the business and sought a significant investment from the panel of Sharks.

Biography of Mudassir Shafiq: Founder & CEO of National Impex- Entrepreneur/ paper-making machine/age/net worth/startup/National Impex story/shark tank

A Bold Valuation and Pitch

During the pitch, Mudassir requested a staggering PKR 3 billion (300 crore) in exchange for 3% equity, valuing National Impex at an ambitious PKR 10 billion. This valuation was based on the company’s growth potential and its unique positioning as the only domestic player in the machinery manufacturing industry.

The Sharks’ Reaction

The bold valuation stunned the Sharks on the panel, including Usman Bashir, Rabeel Warriach, Faisal Aftab, Junaid Iqbal, and Romanna Dada. While impressed with the company’s efforts, they questioned the justification behind such a high valuation, especially given the company’s current scale and market reach.

Challenges in Securing Investment

Junaid Iqbal was the first to step away from the deal, expressing concerns about the steep valuation and its alignment with the business’s current size. Other Sharks followed suit, acknowledging the company’s potential but declining the investment due to the unrealistic equity ask.

Highlighting the Positives

Despite the rejection, National Impex received praise for its efforts in advancing local manufacturing capabilities. The Sharks commended the founders for reducing dependency on imported machinery and contributing positively to the domestic industrial sector.

Lessons for Growth

The feedback from the Sharks emphasized the importance of realistic valuations in attracting investors. While the company’s profit margins and niche market were strong points, the founders were encouraged to align their financial expectations with market realities to secure future funding opportunities.

Looking Ahead

Although they did not secure a deal, Mudassir Shafiq and his team remain committed to their mission of transforming Pakistan’s industrial machinery landscape. Their experience on Shark Tank Pakistan served as a valuable lesson in understanding investment dynamics and reinforced their determination to scale National Impex to greater heights.

Timeline for National Impex Story

2015: National Impex was founded by Mudassir Shafiq, beginning with the production of its first paper-making machine.

2023: The company achieved sales of PKR 3.5 to 4 crore with a net profit margin of 30-35%.

2023: Mudassir Shafiq appeared on Shark Tank Pakistan, seeking a PKR 3 billion investment for 3% equity.

Shark Tank Pitch: Mudassir pitched National Impex at a valuation of PKR 10 billion, which was met with skepticism by the Sharks.

Post-Shark Tank-2025: Despite not securing an investment, National Impex received recognition for advancing local manufacturing in Pakistan.

Biography of Mudassir Shafiq: Founder & CEO of National Impex- Entrepreneur/ paper-making machine/age/net worth/startup/National Impex story/shark tank