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Pakistani food company From Wikipedia, the free encyclopedia
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]
Company type | Public |
---|---|
PSX: NATF KSE 100 component | |
Industry | Packaged food products Spices |
Founded | 1970Karachi, Pakistan | in
Area served | Worldwide |
Key people | |
Revenue | Rs. 29.60 billion (US$100 million) (2023) |
Rs. 2.70 billion (US$9.4 million) (2023) | |
Rs. 2.18 billion (US$7.6 million) (2023) | |
Total assets | Rs. 25.15 billion (US$87 million) (2023) |
Total equity | Rs. 7.524 billion (US$26 million) |
Number of employees | 808 (2023) |
Website | nfoods |
Footnotes / references Financials as of 30 June 2023[update] [1] |
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]
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]
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