Ismail Industries Limited Explained

Ismail Industries Limited
Type:Public
Founders:Muhammad M. Ismail
Maqsood Ismail
Area Served:Pakistan and other countries
Owner:Ismail family
Key People:Maqsood Ismail (CEO)
Industry:Confectionery
Products:Confectionery (candies)
Snack food
Location:Karachi, Pakistan
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Footnotes:Financials [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, Muhammad 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

Brands

Factories

Ismail Industries operates three factories in the following cities:

Notes and References

  1. Web site: Ismail Industries Limited Annual Report 2023. 18 May 2024.
  2. Web site: Taking candy to the bank. Dilawar. Hussain. 26 January 2015. DAWN.COM.
  3. Web site: Cocomo conundrum: How Ismail Industries doubled their profit when the economy was shrinking. 13 June 2021. Profit by Pakistan Today.
  4. Web site: Food firm intends to tap hydropower potential. The News International. 31 December 2017.
  5. Web site: Cocomo conundrum: How Ismail Industries doubled their profit when the economy was shrinking. Ariba. Shahid. 13 June 2021. Profit by Pakistan Today.
  6. Web site: Ismail Industries to invest in packaging. Profit. Report. 22 March 2021. Profit by Pakistan Today.
  7. Web site: Share purchase: Ismail Industries eyes 24.5% stake in Bank of Khyber. 16 February 2015. The Express Tribune.
  8. Web site: ACT II.
  9. Web site:

    ISMAIL INDUSTRIES LIMITED::

    . ismailindustries.com.pk.