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Ismail Industries Limited

Ismail Industries Limited
Company typePublic
PSX: ISIL
IndustryConfectionery
Founded1988; 36 years ago (1988)
FoundersMuhammad M. Ismail
Maqsood Ismail
HeadquartersKarachi, Pakistan
Area served
Pakistan and other countries
Key people
Maqsood Ismail (CEO)
ProductsConfectionery (candies)
Snack food
RevenueIncrease Rs. 131.335 billion (US$450 million) (2024)
Increase Rs. 13.420 billion (US$46 million) (2024)
Decrease Rs. 4.907 billion (US$17 million) (2024)
Total assetsIncrease Rs. 104.927 billion (US$360 million) (2024)
Total equityIncrease Rs. 22.661 billion (US$78 million) (2024)
OwnerMiftah Ismail (31.03%)
Almas Maqsood (29.83%)
Muhammad M. Ismail (15.72%)
Ahmed Muhammad (15.22%)
Number of employees
3,362 (2024)
Subsidiaries
  • Bisconni
  • Candyland
  • SnackCity
  • Astro Films
  • Bank of Khyber (24%)
  • Hudson Pharmaceuticals (78%)
Websiteismailindustries.com.pk
Footnotes / references
Financials as of 30 June 2024 [1]

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]

History

Ismail 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

  • Bisconni (100%)[6]
  • Candyland (100%)[6]
  • SnackCity (100%)[6]
  • Astro Films (100%)[6]
  • Bank of Khyber (24%)[5]
  • Hudson Pharmaceuticals (78%)[5]
  • 30 MW ACT Wind Power Project (33%)[5]
  • 50 MW ACT II Din Wind Power Project (17%)[8]

Brands

Factories

Ismail Industries operates three factories in the following cities:

References

  1. ^ "Ismail Industries Limited Annual Report 2024" (PDF). Retrieved 3 October 2024.
  2. ^ Hussain, Dilawar (26 January 2015). "Taking candy to the bank". DAWN.COM.
  3. ^ "Cocomo conundrum: How Ismail Industries doubled their profit when the economy was shrinking". Profit by Pakistan Today. 13 June 2021.
  4. ^ "Food firm intends to tap hydropower potential". The News International. Retrieved 31 December 2017.
  5. ^ 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.
  6. ^ 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.
  7. ^ "Share purchase: Ismail Industries eyes 24.5% stake in Bank of Khyber". The Express Tribune. 16 February 2015.
  8. ^ "ACT II".
  9. ^ a b c "::ISMAIL INDUSTRIES LIMITED::". ismailindustries.com.pk.
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