[1] In 1991, to address succession planning, the Awan brothers divided the business, with Sadiq taking control of the international operations and Khalid managing the domestic services.
[1] Throughout the 1990s and 2000s, TCS underwent several management changes, including the departure and later return of Jamil Janjua, who served as CEO before Khalid Awan assumed the role of chairman.
[1] He also negotiated with lenders to remove personal guarantees from company loans and utilized TCS's relatively low existing debt to fund these new ventures and higher operational costs.
[1] Initially, Yayvo grew to become second-largest e-commerce platform in Pakistan, and TCS Hazir showed early promise.
The recruitment of former bankers, who lacked logistics experience, contributed to a shift in company culture and operational issues.
[1] Awan, along with his daughter Saira who joined the company's management, began to reassert family control over the business.