Ismail Industries Limited (Urdu: اسماعیل انڈسٹریز لمٹیڈ), also known as Ismail Group, is a Pakistani confectionery and snack food manufacturer headquartered in Karachi, Pakistan.[2] It owns AstroPack, CandyLand, Bisconni and SnackCity brands.[3][4]
 | |
| Company type | Public |
|---|---|
| PSX: ISIL | |
| Industry | Confectionery |
| Founded | 1988 |
| Founders | Muhammad M. Ismail Maqsood Ismail |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan and other countries |
Key people | Maqsood Ismail (CEO) |
| Products | Confectionery (candies) Snack food |
| Revenue |  Rs. 131.335 billion (US$450 million) (2024) |
| Rs. 13.420 billion (US$46 million) (2024) | |
 Rs. 4.907 billion (US$17 million) (2024) | |
| Total assets | Rs. 104.927 billion (US$360 million) (2024) |
| Total equity | Rs. 22.661 billion (US$78 million) (2024) |
| Owner | Miftah Ismail (31.03%) Almas Maqsood (29.83%) Muhammad M. Ismail (15.72%) Ahmed Muhammad (15.22%) |
Number of employees | 3,362 (2024) |
| Subsidiaries |
|
| Website | ismailindustries |
| Footnotes / references Financials as of 30 June 2024[update] [1] | |
History
editIsmail Industries' history goes back to a confectionery factory founded by Haji Ahmad Chandia in Sukkur during the 1960s.[5] The business was unsuccessful, so the factory was closed in 1964.[5] Later, Chandia founded another confectionery business with his four sons called Union Biscuit Private Limited in Karachi.[5] The business was successful, but began to decline with the death of the heir apparent, Ismail.[5] Following his death, the family reestablished a company in his name called Ismail Industries Limited in 1988.[5] The company was listed on the Karachi Stock Exchange in 1989.[5] Miftah Ismail, former Finance Minister of Pakistan, joined his family business in 1994 after completing his education in the U.S.[5]
In 1990, Ismail Industries established its first subsidiary, Candyland, which introduced soft jellies such as Chilli Milli in Pakistan.[6] Candyland is also for producing Fanty, Super Twister, and Paradise.[6]
In 2002, Ismail Industries founded Bisconni which later became known for its Cocomo biscuit.[6] Bisconni is also known for launching Rite cookies.[6]
In 2006, SnackCity was launched to make snack foods in Pakistan.[6] SnackCity is known for producing Kurleez, a line of crisp snacks.[6]
In 2013, Ismail Industries acquired 24.5 percent stake in the Bank of Khyber.[7]
In 2021, Ismail Industries established a polyester resin (PET resin) manufacturing plant with an annual production capacity of 108,000 tons.[6]
Subsidiaries
editInvestments
edit- 30 MW ACT Wind Power Project (33%)[5]
- Bank of Khyber (24%)[5]
- 50 MW ACT II Din Wind Power Project (17%)[8]
Brands
editFactories
editIsmail Industries operates three factories in the following cities:
References
edit- ^ "Ismail Industries Limited Annual Report 2024" (PDF). Retrieved 3 October 2024.
- ^ Hussain, Dilawar (26 January 2015). "Taking candy to the bank". DAWN.COM.
- ^ "Cocomo conundrum: How Ismail Industries doubled their profit when the economy was shrinking". Profit by Pakistan Today. 13 June 2021.
- ^ "Food firm intends to tap hydropower potential". The News International. Retrieved 31 December 2017.
- ^ a b c d e f g h i j Shahid, Ariba (13 June 2021). "Cocomo conundrum: How Ismail Industries doubled their profit when the economy was shrinking". Profit by Pakistan Today.
- ^ a b c d e f g h i j k l m n o p q r s Report, Profit (22 March 2021). "Ismail Industries to invest in packaging". Profit by Pakistan Today.
- ^ "Share purchase: Ismail Industries eyes 24.5% stake in Bank of Khyber". The Express Tribune. 16 February 2015.
- ^ "ACT II".
- ^ a b c "::ISMAIL INDUSTRIES LIMITED::". ismailindustries.com.pk.