Lakson Group Explained

Lakson Group
Type:	Corporate group
Founder:	Sultan Ali Lakhani Iqbal Ali Lakhani
Location:	Karachi, Sindh, Pakistan
Area Served:	Pakistan
Key People:	Iqbal Ali Lakhani (chairman)

The Lakson Group (Urdu: لیکسن گروپ) is a group of companies headquartered in Karachi, Sindh.^{[1] [2]}

History

It was founded in 1954 and is owned by the Lakhani family.

Subsidaries

Listed

• Century Insurance Company Limited, general insurance business^[3]
• Century Paper and Board Mills Limited, producer of packaging boards^[4]
• Colgate-Palmolive Pakistan, manufacture and sale of detergents, personal care, and other related products in Pakistan^[5]
• Merit Packaging Limited, active in printing and packaging^{[6] [7]}

Unlisted

• Express News, Urdu-language TV news channel
• Express 24/7, English- 24-hours TV news channel (now closed down)
• Express Entertainment, Urdu-language Entertainment channel
• The Daily Express, Urdu daily in Pakistan
• The Express Tribune, English-language newspaper
• Century Publications, incorporated in 1998, publishes Urdu and Sindhi daily newspapers Express and Daily Sindh Express
• Cybernet, internet, and data communication network service provider^[8]
  • StormFiber, Internet, and television service provider^{[9] [10]}
• Sybrid, business process outsourcing^[11]
  • Ice Animations, VFX, and animation^{[12] [13]}
• NayaPay, digital wallet and payment system.^{[14] [15]}
• Lakson Investments Limited, independent asset manager
• McDonald's Pakistan^[5]
• Ajinomoto Lakson Pakistan, produces seasonings, cooking oils, TV dinners, sweeteners, amino acids, and pharmaceuticals
• Princeton Travels (Private) Limited, an IATA accredited travel agency and an active member of International travel forums like ASTA, PATA, UFTAA & TAAP
• Fly Jinnah, a joint venture between Lakson Group and Air Arabia. It adopts the low cost model similar to that of Air Arabia.^[16]

Former subsidaries

• Clover Pakistan, formerly distributed Tang, Toblerone, Philadelphia Cream Cheese, and Titan watches in Pakistan^{[17] [18]}
• Tetley Clover^{[19] [20] [21]}
• Lakson Tobacco

See also

• List of companies of Pakistan

Notes and References

1. Web site: Greater than Rs1 billion: The best performing mutual funds . 9 April 2016. The Express Tribune. 31 January 2019.
2. Web site: Company Structure: Lakson Group. lakson.com.pk. 31 January 2019.
3. Web site: Century Insurance Company - promises peace of mind. 18 May 2006. Brecorder.
4. Web site: Century Paper & Board Mills Limited. B. R.. Research. 15 May 2024. Brecorder.
5. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=38969395 Company Overview of The Lakson Group on bloomberg.com website
6. Web site: An activist investor takes Merit Packaging out for a spin. Ariba. Shahid. 2 May 2021. Profit by Pakistan Today.
7. Web site: Merit Packaging is selling off its land and building. Why?. Haris. Javed. 14 January 2024. Profit by Pakistan Today.
8. Web site: Pakistan's internet capacity to be increased by 96 Tb/s with new submarine cable system. 17 April 2019. DAWN.COM.
9. Web site: StormFiber expands to Multan even as taxes bite . 11 July 2018. The Express Tribune.
10. Web site: Quetta added to high-speed internet network. 23 October 2018. The Express Tribune.
11. Web site: Facilitation hub to give fillip to tourism. Wisal. Yousafzai. 22 March 2021. The Express Tribune.
12. Web site: SPOTLIGHT: REANIMATING ANIMATION IN PAKISTAN. Mohammad Kamran. Jawaid. 3 November 2019. DAWN.COM.
13. Web site: PAKISTAN'S Gaming and Animation Industry | Focus - MAG THE WEEKLY. magtheweekly.com.
14. Web site: State Bank of Pakistan grants EMI License to NayaPay. 2021-09-12. www.nayapay.com. en.
15. Web site: State Bank of Pakistan grants EMI License to NayaPay. 2021-09-12. DAWN. 2 September 2021 . en.
16. Web site: 2021-09-03. 'Fly Jinnah': Pakistan's Lakson Group, Air Arabia to start new low-cost airline. 2021-09-13. DAWN.COM. en.
17. Web site: After a lucky streak, Clover stumbles in 2020. Profit. Report. 14 November 2020. Profit by Pakistan Today.
18. Web site: Clover Pakistan Limited. B. R.. Research. 21 June 2023. Brecorder.
19. Web site: Tetley tea to hit market in first quarter of '04. Aamir Shafaat. Khan. 31 December 2003. DAWN.COM.
20. Web site: Tata to start operations in Pakistan from Oct: Joint venture in tea making. Aamir Shafaat. Khan. 14 May 2003. DAWN.COM.
21. Web site: Welcome to Tetley. 26 May 2007. https://web.archive.org/web/20070526112108/http://www.tetleyclover.com/flash.html . 26 May 2007 .