[1] Atlas Group began as Shirazi Investment Private Limited (SIL) in 1962 with a capital of PKR 0.5 million and three employees, evolving into a diversified entity with operations in power generation, engineering, financial services, and trading.

[1] During the political and economic upheavals of the early 1970s, particularly after the 1971 partition of Pakistan and the nationalization of industries in 1973, Atlas Group faced significant financial challenges.

Industries, dealing in office equipment, was merged into Shirazi Trading Company despite running at a loss.

[1] Despite AIL's initial financial instability and overstaffing issues, the group turned the company around, significantly increasing its equity and balance sheet.

[1] By 1980, Atlas had expanded its operations with manufacturing companies, dealing in products ranging from construction equipment to solar-powered navigational systems.

[1] As of 2016, Atlas Powergen had joint venture agreements with Siemens of Germany and SEPCO3 of China to set up power plants in Pakistan.

[1] The group maintained a policy of hiring based on merit rather than personal connections, focusing on the individuals' value systems.