Ismail Industries Limited
 | |
| 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 |
| Owner | Ismail family |
| Subsidiaries |
|
| Website | ismailindustries |
Ismail Industries Limited (Urdu: اسماعیل انڈسٹریز لمٹیڈ), also known as Ismail Group, is a Pakistani confectionery and snack food manufacturer headquartered in Karachi, Pakistan.[1] It owns AstroPack, CandyLand, Bisconni and SnackCity brands.[2][3]
History[edit]
Ismail Industries' history goes back to a confectionery factory founded by Haji Ahmad Chandia in Sukkur during the 1960s.[4] The business was unsuccessful, so the factory was closed in 1964.[4] Later, Chandia founded another confectionery business with his four sons called Union Biscuit Private Limited in Karachi.[4] The business was successful, but began to decline with the death of the heir apparent, Muhammad Ismail.[4] Following his death, the family reestablished a company in his name called Ismail Industries Limited in 1988.[4] The company was listed on the Karachi Stock Exchange in 1989.[4] Miftah Ismail, former Finance Minister of Pakistan, joined his family business in 1994 after completing his education in the U.S.[4]
In 1990, Ismail Industries established its first subsidiary, Candyland, which introduced soft jellies such as Chilli Milli in Pakistan.[5] Candyland is also for producing Fanty, Super Twister, and Paradise.[5]
In 2002, Ismail Industries founded Bisconni which later became known for its Cocomo biscuit.[5] Bisconni is also known for launching Rite cookies.[5]
In 2006, SnackCity was launched to make snack foods in Pakistan.[5] SnackCity is known for producing Kurleez, a line of crisp snacks.[5]
In 2013, Ismail Industries acquired 24.5 percent stake in the Bank of Khyber.[6]
In 2021, Ismail Industries established a polyester resin (PET resin) manufacturing plant with an annual production capacity of 108,000 tons.[5]
Subsidiaries[edit]
- Bisconni (100%)[5]
- Candyland (100%)[5]
- SnackCity (100%)[5]
- Astro Films (100%)[5]
- Bank of Khyber (24%)[4]
- Hudson Pharmaceuticals (78%)[4]
- 30 MW ACT Wind Power Project (33%)[4]
- 50 MW ACT II Din Wind Power Project (17%)[7]
Brands[edit]
Factories[edit]
Ismail Industries operates three factories in the following cities:
References[edit]
- ^ 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.