 | |
| Company type | Public |
|---|---|
| Traded as | PSX: ISIL |
| Industry | Confectionery |
| Founded | 1988; 37 years ago (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) |
| Operating income | Rs. 13.420 billion (US$46 million) (2024) |
| Net income |  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 | |
Ismail Industries Limited (Urdu: اسماعیل انڈسٹریز لمٹیڈ), also known as Ismail Group, is a Pakistani confectionery and snack food manufacturer headquartered in Karachi, Pakistan. It owns AstroPack, CandyLand, Bisconni and SnackCity brands.
History
Ismail Industries' history goes back to a confectionery factory founded by Haji Ahmad Chandia in Sukkur during the 1960s. The business was unsuccessful, so the factory was closed in 1964. Later, Chandia founded another confectionery business with his four sons called Union Biscuit Private Limited in Karachi. The business was successful, but began to decline with the death of the heir apparent, Ismail. Following his death, the family reestablished a company in his name called Ismail Industries Limited in 1988. The company was listed on the Karachi Stock Exchange in 1989. Miftah Ismail, former Finance Minister of Pakistan, joined his family business in 1994 after completing his education in the U.S.
In 1990, Ismail Industries established its first subsidiary, Candyland, which introduced soft jellies such as Chilli Milli in Pakistan. Candyland is also for producing Fanty, Super Twister, and Paradise.
In 2002, Ismail Industries founded Bisconni which later became known for its Cocomo biscuit. Bisconni is also known for launching Rite cookies.
In 2006, SnackCity was launched to make snack foods in Pakistan. SnackCity is known for producing Kurleez, a line of crisp snacks.
In 2013, Ismail Industries acquired 24.5 percent stake in the Bank of Khyber.
In 2021, Ismail Industries established a polyester resin (PET resin) manufacturing plant with an annual production capacity of 108,000 tons.
Subsidiaries
- Bisconni
- Candyland
- SnackCity
- Astro Films
- Hudson Pharmaceuticals (78%)
Investments
- 30 MW ACT Wind Power Project (33%)
- Bank of Khyber (24%)
- 50 MW ACT II Din Wind Power Project (17%)
Brands
- Chilli Milli
- Cocomo
- Fanty
- Kurleez
- Now
- Paradise
- Rite
- Super Twister
Factories
Ismail Industries operates three factories in the following cities:
References
- "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.
- ^ Shahid, Ariba (13 June 2021). "Cocomo conundrum: How Ismail Industries doubled their profit when the economy was shrinking". Profit by Pakistan Today.
- ^ 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".
- ^ "::ISMAIL INDUSTRIES LIMITED::". ismailindustries.com.pk.