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National Foods Limited

From Wikipedia, the free encyclopedia
Not to be confused with the Australian company, National Foods.

National Foods Limited
Company typePublic
PSX: NATF
KSE 100 component
IndustryPackaged food products
Spices
Founded1970 (1970) in Karachi, Pakistan
Area served
Worldwide
Key people
RevenueIncrease Rs. 29.60 billion (US$100 million) (2023)
Increase Rs. 2.70 billion (US$9.4 million) (2023)
Increase Rs. 2.18 billion (US$7.6 million) (2023)
Total assetsIncrease Rs. 25.15 billion (US$87 million) (2023)
Total equityIncrease Rs. 7.524 billion (US$26 million)
Number of employees
808 (2023)
Websitenfoods.com
Footnotes / references
Financials as of 30 June 2023 [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.[4]

History

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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.[5][6]

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.[5]

In 2013, as a company National Foods Limited (Pakistan) was listed on the Forbes List of Asia's 200 Best Under A Billion (2013).[4]

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.[5]

Subsidiaries

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  • National Foods DMCC (Dubai)[7]
  • National Foods Pakistan (UK) Limited[7]
  • National Epicure Inc, (Canada)[7]

Products

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  • Spices, pickles, tomato ketchup, jams, jellies, sauces, cooking pastes, fruit juices, fruit drinks[4][5]
  • Biryanis, curries, barbeque items and kababs (ready-to-eat-meals)[5]

Factories

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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

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References

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  1. ^ "National Foods Annual Report 2023" (PDF). nfoods.com. Retrieved 6 December 2023.
  2. ^ Hussain, Dilawar (11 November 2001). "National Foods: CORPORATE PROFILE". DAWN.COM.
  3. ^ Andrew, Marylou (9 June 2015). "Spicing it up – Exploring Pakistan's spice industry". Aurora Magazine.
  4. ^ a b c National Foods Limited (Pakistan) listed on the Forbes Asia's 200 Best Under A Billion company Retrieved 22 December 2020
  5. ^ a b c d e Business Summary of National Foods Limited on MarketScreener.com website Retrieved 22 December 2020
  6. ^ Financial Statement of National Foods Limited (Pakistan) on financials.morningstar.com website Retrieved 22 December 2020
  7. ^ a b c Jamal, Nasir (21 December 2015). "Chasing a vision in changing business environment". DAWN.COM.
  8. ^ Reporter, The Newspaper's Staff (22 June 2022). "National Foods to set up fifth plant in Faisalabad". DAWN.COM.
  9. ^ "Contact Us | National Foods". nfoods.com.
  10. ^ Release, Press (3 May 2024). "National Foods inaugurates largest manufacturing facility in Faisalabad". Profit by Pakistan Today. Retrieved 23 July 2024.
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