Colgate-Palmolive Pakistan

Colgate-Palmolive Pakistan
FormerlyNational Detergents Limited (1977–1990)
TypePublic
PSX: COLG
KSE 100 component
IndustryConsumer goods
Founded1977; 49 years ago (1977)
HeadquartersKarachi, Pakistan
Key peopleZulfiqar Ali Lakhani (CEO)
Iqbal Ali Lakhani (chairman)
ProductsColgate, Palmolive, Brite, Bonus, Softlan, Express, and Lemon Max
RevenueIncrease Rs. 91.459 billion (US$330 million) (2023)
Increase Rs. 16.684 billion (US$60 million) (2023)
Increase Rs. 10.336 billion (US$37 million) (2023)
Total assetsIncrease Rs. 47.446 billion (US$170 million) (2023)
Total equityIncrease Rs. 24.316 billion (US$87 million) (2023)
OwnerColgate-Palmolive (30%)
SIZA Services (25%)
SIZA Limited (17.4%)
Premier Fashions (12.20%)
Iqbal Ali Lakhani (4.5%)
SIZA Commodities (3.4%)
Number of employees
1,217 (2023)
ParentColgate-Palmolive
Lakson Group
Websitecolgate.com.pk
Footnotes
Financials as of 30 June 2023

Colgate-Palmolive Pakistan, formerly known as National Detergents Limited is a Pakistani consumer goods company based in Karachi, Pakistan. It is a subsidiary of American multinational company Colgate-Palmolive.

It was founded in 1977 and operates in oral care, personal care, and fabric care sectors.

History

Colgate-Palmolive Pakistan was founded in 1977 as National Detergents Limited by Lakhani family. It set up a plant at Kotri in Sindh to make detergent powder, using machinery from the Italian firm Ballestra that was financed with a foreign currency loan. In 1981, it began commercial production at its Kotri plant, and in December 1981, it launched Brite Machine Wash detergent. In 1984, it offered 100,000 ordinary shares at their Rs 10 par value, 80,000 for the public and 20,000 for the National Investment Trust, and was listed on the stock exchange.

In 1985, National Detergents received licence to produce Colgate-Palmolive products in Pakistan. In 1988, it launched Colgate toothpaste in 1988, with its toothpaste plant reaching full production in July, and set up a personal products division making toilet soap and toothpaste. In 1990, National Detergents was renamed as Colgate-Palmolive Pakistan when Colgate-Palmolive became its shareholder.

In 2019, the Competition Commission of Pakistan imposed Rs. 10 million on the company for running deceptive marketing campaign.

Factories

Brands

References

  1. ↑ "Colgate-Palmolive Pakistan Annual Report 2023". Retrieved 18 May 2024.
  2. ↑ "corporate watch: Lakson to cede 21pc shares in Colgate". Dawn. 7 May 2019. Retrieved 31 July 2020.
  3. ↑ Mehdi, Ali Raza (16 December 2013). "Colgate Palmolive Pakistan's increasing expenses". DAWN.COM.
  4. 1 2 3 4 5 6 7 "Colgate Palmolive (Pakistan) Limited". Business Recorder. 18 December 2018. Retrieved 31 July 2020.
  5. ↑ Cragg, Claudia (1996). The New Maharajahs: The Commercial Princes of India, Pakistan and Bangladesh. London: Century. pp. 73–74. ISBN 0-7126-7761-5.
  6. 1 2 3 Economic Review. 1984. pp. 38–40.
  7. ↑ Third World International. 1988. p. 57.
  8. ↑ Business Asia. 1984. p. 199.
  9. ↑ "Healthcare: COLGATE-PALMOLIVE (PAKISTAN) LIMITED - Analysis of Financial Statements Financial Year 2003 - Q 2003 2008". Brecorder. 20 October 2008.
  10. ↑ "National Detergents: Facing stiff competition". Pakistan & Gulf Economist. 22–28 July 1989. p. 61.
  11. ↑ "Colgate-Palmolive (Pakistan) Limited". Brecorder. 23 September 2022.
  12. ↑ "Colgate-Palmolive slapped Rs10m fine for deceptive marketing". Dawn. 16 August 2017. Retrieved 31 July 2020.
  13. ↑ "Fire breaks out at Colgate Palmolive's Kotri factory". Profit by Pakistan Today. 1 February 2018.