 | |
| Company type | Public |
|---|---|
| PSX: NESTLE | |
| Industry | Dairy |
| Founded | 1988; 36 years ago (1988)[1] |
| 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) |
| Owner | Nestlé S.A. (61.60%) IGI Investments (9.75%) Packages Limited (8.05%) |
Number of employees | 3,624 (2023) |
| Parent | Nestlé |
| Website | nestle |
| Footnotes / references Financials As of 31 December 2023[update] [2] | |
Nestlé Pakistan Limited (Urdu: نیسلے پاکستان) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé.[3] It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas.[4][5][6] It is based in Lahore, Pakistan.
Nestlé trades on the Pakistan Stock Exchange.[4]
Milkpak Ltd was incorporated in 1979 and started producing packaged milk in 1981.[7] In 1984, the company acquired the Frost branded juice line from its parent company, Packages Limited.[7] Milkpak Ltd further expanded its products with the launch of Milkpak butter in 1985 and a line of packaged cream in 1986.[7]
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.[7]
During the 1990s, Nestlé allegedly repeated controversial infant formula marketing practices in Pakistan. This first emerged in developing countries during the 1977 Nestlé boycott.[8] 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.[9][10] Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.[10]
In 2015, Nestlé began delivering pasturized milk to local homes in Lahore as a pilot project.[11]
The company operates two multi-purpose processing plants in the following cities:
The company also operates two water factories in the following cities:
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