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Private company

Associated Group

Pakistani businessman

Iqbal Zafaruddin Ahmed (born 3 February 1946) is a Pakistani industrialist and philanthropist who is the founder of Associated Group. He is often referred to as the "gas king of Pakistan."2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Iqbal Zafaruddin Ahmed (born 3 February 1946) is a Pakistani industrialist and philanthropist who is the founder of Associated Group. He is often referred to as the "gas king of Pakistan."2

Corporate structure

Associated Group is part of a group headed by Elevance Health, Inc.. 268 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Elevance Health, Inc. Indianapolis, Indiana, United States
    • Associated Group
    • Amerigroup Subsidiary · United States
    • UniCare Subsidiary · Indianapolis
      • Elaine Powers Figure Salon Subsidiary · United States
    • Advantage Medical Group, LLC Subsidiary · Puerto Rico, United States
    • Alianza Medicos del SurEste, LLC Subsidiary · Puerto Rico, United States
    • Alliance Care Management, LLC Subsidiary · Delaware, United States
    • Amerigroup Mississippi, Inc. Subsidiary · Mississippi, United States
    • Amerigroup Pennsylvania, Inc. Subsidiary · Pennsylvania, United States
    • AMGP GEORGIA MANAGED CARE COMPANY, INC. Subsidiary · Atlanta, Georgia, United States
    • AMH Health Plans of Maine, Inc. Subsidiary · Maine, United States
    • AMH HEALTH, LLC Subsidiary · South Portland, Maine, United States
    • Anthem Benefits Agency, Inc. Subsidiary · New York, United States
    • ANTHEM BLUE CROSS LIFE AND HEALTH INSURANCE COMPANY Subsidiary · Woodland Hills, California, United States
    • Anthem Financial, Inc. Subsidiary · Delaware, United States
    • ANTHEM HEALTH PLANS OF KENTUCKY, INC. Subsidiary · Louisville, Kentucky, United States
    • ANTHEM HEALTH PLANS OF MAINE, INC. Subsidiary · South Portland, Maine, United States
    • ANTHEM HEALTH PLANS OF NEW HAMPSHIRE, INC. Subsidiary · Manchester, New Hampshire, United States
    • Anthem Health Plans of Virginia, Inc. Subsidiary · Richmond, Virginia, United States
    • ANTHEM HEALTH PLANS, INC. Subsidiary · Wallingford, Connecticut, United States
    • Anthem HealthChoice Assurance, Inc. Subsidiary · New York, New York, United States
    • ANTHEM HEALTHCHOICE HMO, INC. Subsidiary · New York, New York, United States
    • Anthem Holding Corp. Subsidiary · Indiana, United States
    • ANTHEM HP, LLC Subsidiary · Indianapolis, Indiana, United States
    • ANTHEM INSURANCE COMPANIES, INC. Subsidiary · Indianapolis, Indiana, United States
    • ANTHEM KENTUCKY MANAGED CARE PLAN, INC. Subsidiary · Louisville, Kentucky, United States
    • and 241 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

How it started

Early life and education

Born in Patna, India, Ahmed is the son of Zohra (died 1979) and Z. Z. Ahmed (1910–1989), a former deputy inspector general of Pakistan Police. He was educated at Sadiq Public School and Aitchison College. Later, he earned a bachelor's degree in economics from Government College, Lahore, and a master's degree in economics from Punjab University, Lahore.

Career

Associated Group was cofounded by Ahmed and his father in 1965. Its companies include Jamshoro Joint Venture Limited, Pakistan GasPort Consortium Limited, Lub Gas, Mehran LPG, AG Publications, and Associated Estate Developers (AEDL). AG has its headquarters at Lahore and offices in Islamabad and Karachi. AG's philanthropic efforts are directed through the Zohra and Z. Z. Ahmed Foundation. AG chairman Ahmed is also the Publisher and chairman of the board of Newsweek Pakistan.

In 2024, the Sindh High Court returned to Pakistan's National Accountability Bureau (NAB) a corruption reference filed against Ahmed and his sons owing to lack of jurisdiction, bringing to a close a case pending since 2019.

From Wikipedia’s article on Associated Group, shared under CC BY-SA 4.0.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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