_ _ _ _____ ___ __ __ _(_) | _(_)___ / ( _ ) / /_ ___ ___ _ __ ___ \ \ /\ / / | |/ / | |_ \ / _ \| '_ \ / __/ _ \| '_ ` _ \ \ V V /| | <| |___) | (_) | (_) | (_| (_) | | | | | | \_/\_/ |_|_|\_\_|____/ \___/ \___(_)___\___/|_| |_| |_|
Company type | Public |
---|---|
PSX: NESTLE | |
Industry | Dairy |
Founded | 1988 |
Headquarters | Packages Mall, Shahrah-e-Roomi, Lahore-54760 Pakistan |
Key people | |
Products | Milk, milk-based products, cereals, beverages and bottled drinking water |
Revenue | Rs. 200.60 billion (US$690 million) (2023) |
Rs. 29.04 billion (US$100 million) (2023) | |
Rs. 16.49 billion (US$57 million) (2023) | |
Total assets | Rs. 97.89 billion (US$340 million) (2023) |
Total equity | Rs. 10.58 billion (US$37 million) (2023) |
Number of employees | 3,624 (2023) |
Parent | Nestlé |
Website | www |
Nestlé Pakistan Limited (نیسلے پاکستان) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé. It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas. It is based in Lahore, Pakistan.
Nestlé trades on the Pakistan Stock Exchange.
Milkpak Ltd was incorporated in 1979 and started producing packaged milk in 1981. In 1984, the company acquired the Frost branded juice line from its parent company, Packages Limited. Milkpak Ltd further expanded its products with the launch of Milkpak butter in 1985 and a line of packaged cream in 1986.
In 1988, Nestlé, a Swiss multinational food company, acquired a controlling stake in Milkpak Ltd, resulting in the company's rebranding as Nestlé Milkpak Ltd.
During the 1990s, Nestlé allegedly repeated controversial infant formula marketing practices in Pakistan. This first emerged in developing countries during the 1977 Nestlé boycott. A Pakistani salesman named Syed Aamir Raza Hussain became a whistle-blower against Nestlé. In 1999, two years after he left Nestlé, Hussain released a report in association with the non-profit organisation, International Baby Food Action Network, in which he alleged that Nestlé was encouraging doctors to push its infant formula products over breastfeeding. Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.
The company operates two multi-purpose processing plants in the following cities:
The company also operates two water factories in the following cities: