Waqar Shaffi group has been engaged in diversified businesses i.e. polyurethane foam, spring mattresses, auto-parts, packing and insulation material etc. Earlier the group was established by Mian Shaffi and Mr. Ejaz Shaffi in 1974. The group established its Ist cycle tube factory in Karachi and later they diversify their business. The group is also manufacturing Eagle Motorcycles in Pakistan.