National Foods Limited Explained

National Foods Limited
Type:Public
Traded As:
KSE 100 component
Industry:Packaged food products
Spices
Foundation: in Karachi, Pakistan
Area Served:Worldwide
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Num Employees:808
Num Employees Year:2023
Footnotes:Financials [1]

National Foods Limited (Urdu: نیشنل فوڈز) is a Pakistani multinational food products company founded in 1970, which started out as a spice company, and is based in Karachi, Pakistan.[2] [3] It is a major food products company in Pakistan.

History

National Foods was incorporated in Pakistan on 19 February 1970 as a private limited company under the Indian Companies Act, 1913 and subsequently converted into a public limited company under the Companies Ordinance, 1984 by a special resolution passed in the extraordinary general meeting held on March 30, 1988. The company is principally engaged in the manufacture and sale of convenience-based food products. The registered office of the company is situated at 12 / CL - 6, Claremont Road, Civil Lines, Karachi.[4] [5]

In 1988, National Foods became the certified vendor of McCormick, United States. In the same year, National Foods, then a Private Limited company was converted into a Public Limited company, traded on all the three stock exchanges of Pakistan.[4]

In 2013, as a company National Foods Limited (Pakistan) was listed on the Forbes List of Asia's 200 Best Under A Billion (2013).[6]

In 2017, National Foods Limited acquired a controlling interest in Canadian company A1 Cash & Carry to further expand its operations across the globe. A1 Cash & Carry is a wholesale distributor of foodservice products, disposables, and sanitation/janitorial products in Canada. This company is partially owned by a Canadian-based Pakistani businessman Amjad Pervaiz.

With a range of over 250 food products in over 10 major categories, National Foods is one of the prominent food companies in Pakistan.[4]

Subsidiaries

Products

Factories

The company operates factories in Karachi, Nooriabad and Faisalabad[8] [9]

In 2024, National Foods Limited inaugurated their largest plant in Faisalabad, Pakistan. The plant signifies company's 7 billion Pakistani rupees invested in the food sector. [10]

See also

External links

Notes and References

  1. Web site: National Foods Annual Report 2023. nfoods.com. 6 December 2023.
  2. Web site: National Foods: CORPORATE PROFILE. Dilawar. Hussain. 11 November 2001. DAWN.COM.
  3. Web site: Spicing it up – Exploring Pakistan's spice industry. Marylou. Andrew. 9 June 2015. Aurora Magazine.
  4. https://www.marketscreener.com/quote/stock/NATIONAL-FOODS-LIMITED-15387901/company/ Business Summary of National Foods Limited on MarketScreener.com website
  5. http://financials.morningstar.com/income-statement/is.html?t=NATF&region=PAK&culture=en_US Financial Statement of National Foods Limited (Pakistan) on financials.morningstar.com website
  6. https://www.forbes.com/companies/national-foods/ National Foods Limited (Pakistan) listed on the Forbes Asia's 200 Best Under A Billion company
  7. Web site: Chasing a vision in changing business environment. Nasir. Jamal. 21 December 2015. DAWN.COM.
  8. Web site: National Foods to set up fifth plant in Faisalabad. The Newspaper's Staff. Reporter. 22 June 2022. DAWN.COM.
  9. Web site: Contact Us | National Foods . nfoods.com.
  10. Web site: Release . Press . 2024-05-03 . National Foods inaugurates largest manufacturing facility in Faisalabad . 2024-07-23 . Profit by Pakistan Today . en-US.