National Foods Limited
Pakistani food company
From Wikipedia, the free encyclopedia
National Foods Limited 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]
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Spices
| |
| Type | Public |
|---|---|
| PSX: NATF KSE 100 component | |
| Industry | Packaged food products Spices |
| Founded | 1970 in Karachi, Pakistan |
| Headquarters | |
Area served | Worldwide |
Key people |
|
| Revenue |  Rs. 29.60 billion (US$110 million) (2023) |
| Rs. 2.70 billion (US$9.7 million) (2023) | |
| Rs. 2.18 billion (US$7.8 million) (2023) | |
| Total assets | Rs. 25.15 billion (US$90 million) (2023) |
| Total equity | Rs. 7.524 billion (US$27 million) |
Number of employees | 808 (2023) |
| Website | nfoods |
| Footnotes Financials as of 30 June 2023[update][1] | |
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.[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]
National Foods' reach extends to 40 countries across five continents. The company has subsidiaries in the UAE, UK, North America, and a supply chain hub in Canada. [7]
Subsidiaries
Products
Factories
The company operates factories in Karachi, Nooriabad and Faisalabad[9][10]
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.[11]