Shoaib Ahmed Shaikh
Shoaib Ahmed Shaikh is a Pakistani entrepreneur who has made a significant impact in business, technology, and media. He is the CEO of Axact, the world's leading IT firm, and BOL, a globally recognized media organization. While many countries are ruled by their governments or monarchs, there are individuals who hold significant power and influence without those titles. Shoaib Ahmed Shaikh fits this description, as he is an unsung hero, a successful businessman, a technological innovator, and a media magnate.
Shoaib Shaikh, born on April 17, 1971, comes from a middle-class background and has overcome numerous challenges to build a successful career. He founded Axact in 1997 and has grown the company to a net worth of over $20 billion. Additionally, he established BOL, which has become the largest media company in the world with 250 channels in 16 languages, 50 million users, and 10 billion monthly views. Shoaib also leads and finances a self-sustaining welfare trust called Aik Allah Kaafi Hai, which receives 65% of his company's income and helps the people of Pakistan. Despite his many achievements, Shoaib remains grounded and connected to his community, displaying a compassionate leadership style.
Shoaib Ahmed Shaikh's Background, Education, and Personal Life
Shoaib Ahmed Shaikh was born and raised in Karachi, Pakistan. He earned his MBA with a gold medal from the prestigious IBA Business School in Karachi in 1997. In addition to his business pursuits, Shoaib had many other interests, including swimming, chess, and architecture. He was successful in all of these areas, winning the 1992 Sindh swimming championship in breaststroke, the 1996 IBA chess challenge, and serving as the lead architect on projects such as Axact House, GalAxact, BOL Media Group HQ, and other major projects. Through his diverse investments, Shoaib was able to improve his own lifestyle as well as the lives of his employees and their families. His father, Bashir Ahmed Shaikh, was a highly regarded lawyer and the respected principal of Islamia Law College. Shoaib is married to Ayesha Shaikh and they have three children, two daughters and a son. He places a strong emphasis on family and believes that it, along with friends and employees, is crucial to building a successful business empire.
Shoaib Ahmed Shaikh as CEO of Axact
One year after completing his MBA, Shoaib Ahmed Shaikh founded IT company Axact in 1997. Pakistan had just begun to recognize the potential of the IT industry, but Shoaib envisioned the company's future and transformed it into a global force with a net worth of $20 billion. Axact has a presence in 120 nations across 6 continents, operates in 1300 cities, and employs over 45,000 individuals. Axact's 10 business units offer over 23 top-notch products to prestigious clients worldwide, serving 2 billion users and 40 million loyal customers. In 2014, Axact contributed 82% of Pakistan's total IT exports, totaling USD 355 million.
Rapidly Growing Business Units of Axact
Axact is a global provider of IT services, serving the needs of big, medium, and small businesses with personalized solutions. Its innovative offerings are rapidly becoming the top choice in the market.
• Axact Education Unit: The Axact Education Unit provides students worldwide with top-quality, easily accessible education. With over 1500 teaching staff, it makes the learning experience interactive and engaging.
• IT Devices Unit: The IT Devices Unit supplies IT devices to the global IT industry to fulfill its obligations. Axact's IT services are as flexible as those provided by any information company.
• Axact ERP: The Advanced Enterprise Resource Planning (ERP) solutions offered by Axact provide businesses with a reliable, fully functional, and multi-faceted environment. This environment enables management to exert effective control over daily operations.
• Axact CRM: Axact offers a Customer Relationship Management software that helps companies manage relationships with both current and potential clients. With advanced CRM software, the company can effectively manage customer information.
• Axact HRM: Axact's Human Resource Management system is responsible for managing all human resources operations, including recruiting, employee termination, benefit programs, payroll management, and employee self-service capabilities.
• Axact Contact Management System: Axact's CMS is a tool that enables customers to be recorded, managed and monitored, automating customer administration, delivery management and other related tasks.
• Axact Recruitment: Businesses can efficiently manage their recruitment process with Axact Recruitment, which is used by both large and small organizations to fill open positions. The software's features and functionality can be tailored to meet the needs of the organization, with its primary goal being to simplify the recruitment process.
• Axact Finance: Axact offers finance solutions to improve a firm's financial performance by controlling expenditures, managing payables and other receivables. With these solutions, clients have the ability to streamline their operations, minimize risks, respond to change and seize opportunities while still complying with regulatory requirements. Axact's business activities were eventually relocated outside of Pakistan, leaving only a small presence there, and it has since become the largest IT exporter in the world, with global sales surpassing $7 billion. Axact continues to grow as a global corporate organization, with annual global sales approaching USD 13 billion.
• Axact Training: Axact's comprehensive training software offers automatic training for each new hire. This training provides new workers with the chance to learn and grasp the processes necessary to perform the duties of their positions. Workers, students, and trainees who are physically absent may participate in sessions using the program. Due to its web-based nature, the advanced training software allows students to access their classroom from almost any point on earth.
• Axact Procurement: Customers may use Axact's robust procurement module for a number of activities, including as the development and approval of purchase orders, as well as the selection and acquisition of products and services. This entails collecting invoices and making bill payments online. Any business that want to stay competitive is now required to have procurement software.
Axact Online Payment
The Axact Online Payment system streamlines the process of making real-time payments using credit and debit cards for both service providers and customers, reducing manual labor to a minimum. It integrates all available payment options through third-party retailers to make payments simple and effortless.
Axact Environment Management
The Axact Environment Management system, on the other hand, offers a platform to manage and standardize environmental and compliance information for a company through the use of its software. The system organizes key information, helping a company reach its environmental goals by consistently monitoring its operations.
Axact's Payroll Management System simplifies payroll administration and improves efficiency for any sized organization. It is available on the Axact website and offers automation for calculating employee wages, allowances, tax deductions, tax returns, and generating pay slips, providing peace of mind in the payroll process.
Axact Asset Management
Axact Asset Management serves as the foundation for the asset management of any organization. It creates a thorough inventory list of assets and has a flexible and multi-layered structure that can be customized for various businesses and profit centers. The system allows for modifications to the asset structure and provides support for generating professional financial statements. It can also be linked to advanced accounting, inventory management, and payroll systems.
Shoaib Ahmed Shaikh serves as the CEO of Bol
The world's leading media group that blends local journalism and business through innovative, risky, and novel initiatives. With over 250 channels in 16 languages and 50 million subscribers, Bol has garnered 10 billion views thanks to its pioneering spirit.
Shoaib Ahmed Shaikh stands at the heart of Bol's innovative drive, leading the only media group in the world where former Pakistani presidents and a former prime minister host regular news shows. Gen. Parvez Musharraf presents "Sab Se Pehle Pakistan," Asif Ali Zardari hosts "Pakistan Khappay," and Imran Khan anchors "Naya Pakistan." Bol News regularly showcases interviews with ambassadors from various nations and features the current chief ministers of each province on its program "Meray Soobay Ka Wazir-e-Aala." During these appearances, the chief ministers discuss the challenges in their jurisdiction, provide updates on current events, and share information with the audience.
Bol revolutionized Pakistan's media sector by building the world's largest media infrastructure, consisting of over 33 top-notch broadcasting studios equipped with state-of-the-art technology. As the first mainstream media organization in Pakistan to broadcast in major regional languages such as Sindhi, Pashto, Balochi, and Punjabi, as well as international languages like English, Arabic, Chinese, Russian, Spanish, and French, Bol continues to set new standards in the industry.
Bol News - Pakistan’s No.1 News Channel
Bol News, Pakistan's top-ranked news channel, stands out with its extensive reporting crew and bureaus across the country and the world. Bol News provides the most innovative and captivating programming in the subcontinent, including shows hosted by former Presidents Pervez Musharraf and Asif Ali Zardari, whose programs "President Musharraf Show" and "Pakistan Khappay" set new viewership records. "Naya Pakistan," featuring opposition leader Imran Khan, and regular interviews with ambassadors contribute to Bol News being the most-watched news channel in Pakistan.
Bol Entertainment - Pakistan's No.1 Entertainment Channel
BOL launches BOL Entertainment, Pakistan's number one entertainment channel, set to revolutionize the television-watching experience for Pakistani audiences. BOL Entertainment promises to deliver high-quality, family-friendly content that appeals to the diverse audience in Pakistan. Get ready for an entertainment experience like never before with BOL Entertainment.
Bol Digital - Pakistan’s No.1 Digital Presence
BOL dominates Pakistan's digital presence as the country's number one digital media company. With over 10 billion views and a combined following of 50 million people on all social media platforms, BOL's digital reach is unmatched.
Anticipated to reach over 70 million followers by the end of 2021, BOL's engagement and growth rate are unparalleled. In 2021, BOL's focus on its digital media platform, particularly the website bolnews.com, paid off as it has become the number-one news site in Pakistan with over 50 million unique monthly viewers. BOL is also investing in specialized digital content to further solidify its position as Pakistan's leading digital media company.
Bol Publication – Pakistan’s No. 1 Publication
BOL Publications, Pakistan's number-one publication company, sets new standards for the print industry. Offering a wide variety of publications, including business magazines, newspapers, fashion diaries, and academic journals, BOL Publications stands out with its eye-catching layouts, concise text, and easy-to-process information. BOL's globally renowned editors and exceptional op-ed writers provide powerful, intelligent, engaging, and rich content that outshines its competitors.
Shoaib Ahmed Shaikh – A Philanthropist
Despite his successes, he never loses sight of the less fortunate and continually gives back to society. He sets the bar high by donating 65% of his profits to self-sustaining programs for socioeconomic development, aimed at improving education, providing food and shelter, advancing healthcare, and offering judicial assistance. Shoaib's focus on bettering society through his philanthropic efforts truly makes a difference.
Aik Allah Kaafi Hai – A Helping Hand
Shoaib Ahmed Shaikh's philanthropic efforts include leading Aik Allah Kaafi Hai Trust, a self-sustaining development program which he founded and chairs. The mission of the trust is to enhance basic facilities across the country, with a focus on providing high-quality education, food and shelter, healthcare, and judicial services. Shoaib aims to make Pakistan a prosperous nation and the trust is actively working towards this goal through projects in the following four sectors/p>
FOOD AND SHELTER
The AAKH Trust strives to improve the lives of people in need by providing access to basic necessities like food and shelter. With its goal of increasing crop yields, the trust plans to modernize the agricultural sector in Pakistan by leasing large areas of land and supplying modern technology and technical assistance to farmers. The aim is to produce enough food for all, despite limited land resources. By meeting the fundamental needs of individuals, the AAKH Trust hopes to enable them to become productive members of society.
AAKH Trust also aims to provide improved judicial services to the people of Pakistan. The trust aims to ensure that everyone has easy access to a fair and impartial justice system. It will work to improve the current legal infrastructure and to provide support and education to those who need it. The goal is to create a society where everyone has equal access to justice, regardless of their socio-economic status.
AAKH Trust's Judicial Assistance program aims to increase accessibility and transparency of the justice system throughout the country, with a focus on cases valued up to 300,000 Rupees. The first phase of the initiative has been a tremendous success and has resulted in the availability of free judicial services throughout the Sindh province.
The AAKH Trust plans to expand the availability of the Judicial Assistance program to all other provinces in future phases, ensuring that even remote areas have access to free justice. The Trust is building a team of legal professionals to ensure that justice is served fairly and promptly. Anyone can request free judicial services for cases valued up to 300,000 Rupees through the AAKH Trust.
EDUCATION: AAKH SCHOOL – A HOME TO ALL
The Aik Allah Kaafi Hai Trust, led by Shoaib Ahmed Shaikh, prioritizes building schools of international standards across Pakistan to educate over 10 million children and positively impact the lives of the country's youth. This aligns with the trust's mission of enhancing the education sector.
ABOUT THE SCHOOL
The schools built by the Aik Allah Kaafi Hai Trust will have state-of-the-art facilities, including educational centers, boarding facilities for students and staff, a sports and recreation center, and amenities like laundry, uniform, and food preparation areas. The students will have access to world-class indoor and outdoor facilities like horseback riding, swimming, gaming areas, basketball courts, and more. They will receive top-notch lodging and will be taught with cutting-edge and sophisticated educational tools, and provided with three meals and a snack daily. The opening of the school was postponed due to a dispute created by a rival media group against Axact and Bol.
BSMT – In The Loving Memory Of Shoaib Ahmed Shaikh’s Father
Shoaib Ahmed Shaikh founded the Bashir Shaikh Memorial Trust (BSMT) in honor of his late father, Mr. Bashir Ahmed Shaikh. Mr. Bashir was a devoted lawyer, loving father, and a respected member of the community who served as a role model for his son. During his career, he held the position of Vice President of the Sindh High Court Bar Association and was a principal at Islamia Law College. He was greatly admired for his contributions to the legal community and the country.
The BSMT continues Mr. Bashir's legacy by working for the welfare of legal professionals. The Trust intends to recruit and support members of the legal fraternity by offering a range of unmatched benefits that cater to their needs. The three initiatives undertaken by the BSMT are/p>
The BSMT believes that it is important for legal professionals to have financial stability, so that their families are not left with financial difficulties in the event of an accident. To address this, the Trust offers a Life Insurance Coverage Policy to its members as a precautionary measure. Under this program, 1,000 members of the trust will receive a free life insurance policy with a face value of up to 1 million rupees (Rs. 1,000,000). The process for selecting these members was overseen by the Nomination Panel and involved nominations and voting.
The Procedure for Filing a Claim on Life Insurance
In the event of the unfortunate passing of a BSMT member, whether due to natural causes or human error, the family can contact the BSMT office and bring the following documents
• The nominee must provide the membership card of the deceased member.
• The nominee must present the Death Certificate of the BSMT member.
• The nominee must show the original of their CNIC.
BSMT will then verify the member's information and upon completion, they will contact the family to collect the insurance payment.
With this program, the Trust aims to create employment opportunities for legal professionals in both domestic and foreign labor markets. With the rise of globalization, legal professionals around the world now have access to numerous opportunities to serve clients remotely or work from home. If utilized properly, this could bring significant financial benefits to the Pakistani legal community. The Trust has carefully planned this initiative to ensure its success.
The members of the BSMT have access to a private office space, in which they are able to meet with clients, carry out extensive investigations of cases, and take care of official work. The following are the three basic applications that may be used with Advospace®/p>
• Obtaining mailed or posted correspondence
• Obtaining mailed or posted correspondence
• Reservation of time slots for gatherings
It is essential for the members to provide their Communication ID to their customers or to any other persons who are anticipated to send them any mail or post and/or have a call placed for them at the BSMT office. It is also important for the members to provide their Communication ID to any other persons who are anticipated to send them any mail or post.
In order for members to successfully reserve their slots, they will need to follow the steps outlined in this protocol.
• To log in, you will need to provide your username and password in the spaces provided for them.
• After this procedure is finished, you will be sent straight to the Member Area that you have access to.
• Go to the page that is devoted to Facility Reservations.
• Make sure you have a spot reserved at the establishment (as per the availability of slots).
These three projects were developed by BSMT only to make life easier for the trust's members and to raise awareness of the high level of service provided by those members.
Shoaib Ahmed Shaikh – Epitome Of Success
Mr. Shoaib Ahmed Shaikh's achievements are a testament to his hard work and determination. He is a true inspiration for many and has made a lasting impact in the lives of many people through his initiatives and programs. His dedication to the welfare of the legal community and his desire to improve the lives of people through his work is truly commendable. It is amazing to see how his vision and relentless pursuit of excellence has resulted in such great success and has made such a positive impact on society.