[dropcap]F[/dropcap]ive Pakistani companies have made it to Forbes annual ‘Asia’s 200 Best Under A Billion’ list, down from seven last year. Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries and Searle Company made it to the list in 2017.
India, which had its 11 companies appearing on the list in 2015, had only three appearances in this year’s list. There are only three Indian companies on the present list: 8k Mile Software Services, Kellton Tech Solutions and Manpasand Beverages.
“This year’s candidates come from 13 countries and averaged 55 percent growth in sales, a 24 percent profit margin, and 113 percent growth in earnings per share,” Forbes said, adding that most of them did so by tapping global markets.
China, with over 70 entries, dominated the list with Japan getting 38 entries this year. The list includes companies with annual revenue between $5 million and $1 billion. Thinly-traded companies, those trading for less than a year and those “with worrisome accounting, management, and ownership or legal troubles” were excluded from the list, Forbes said.
Of the five Pakistani companies on the list, two are in auto industry, two in pharmaceuticals and one in package manufacturing. Here are brief descriptions of the companies as published by Forbes:
AGRIAUTO INDUSTRIES LIMITED
Agriauto Industries Limited is a public limited company incorporated in 1981 and quoted on the stock exchange. The company is one of the leading automotive components manufacturers in the private sector and the first company in Pakistan to acquire TS16949 certification.
Technical collaborations with leading international companies have added to the company’s technical versatility. The product range covers both original equipment manufacturers (OEM) and aftermarket.
Agriauto Industries Limited is a holding company. The Company is engaged in the manufacture and sale of components for automotive vehicles, motor cycles and agricultural tractors. The Company’s product range covers both original equipment manufacturers (OEM) and aftermarket.
Its product range includes shock absorbers and struts, motorcycle shock absorber and parts, sheet metal press parts, tractor parts and other parts. It also caters to the requirements of the aftermarket customers. It manufactures complete shock absorber assembly and components for shock absorbers. It produces an array of sheet metal parts, re-enforcement instrument panel and door impact beam for OEM. It produces sheet metal parts for in-house use for shock absorbers and struts. It also produces tractor steering boxes on automatic computer numeric control (CNC) machine, and also machines camshafts in both casting and forging for tractor assemblers.
CHERAT PACKAGING LTD
It is engaged in manufacturing, marketing and selling of paper sacks and polypropylene bags to the cement industry in Pakistan. It provides cement bags made from kraft paper and polypropylene granules.
Established in 1991, Cherat Packaging Limited (CPL) is the largest producer and supplier of packaging material to the cement industry in Pakistan. It has an ISO-9001:2008 certification and is a recipient of many prestigious awards including Karachi Stock Exchange and Management Association of Pakistan’s Best Company Award.
CPL has an annual production capacity of 265 million paper bags and 195 million polypropylene (PP) bags. Based on the specific requirements of their customer, CPL produces various varieties of superior quality cement bags using best quality raw materials. With the addition of the polypropylene bag plant, CPL is able to meet the cement packaging requirements of its valuable customers by providing single window operation.
CPL is the only company in Pakistan, and in the region, to produce and supply both varieties of cement bags i.e. bags made from kraft paper and polypropylene granules.
FEROZSONS LABORATORIES LTD
Engages in the manufacturing and trading of pharmaceutical products. It produces tablets, capsules, syrups, suspension, creams, and ointments.
The company was founded on January 28, 1954 and is headquartered in Lahore, Pakistan. Ferozsons Laboratories Limited is one of Pakistan’s oldest and largest pharmaceutical manufacturing companies. Listed on the Karachi Stock Exchange (KSE), and are 6 times recipients of the KSE Top 25 Companies Award, including the Four years consecutively.
It is also representing the Boston Scientific Corporation, USA, for their range of interventional devices in Cardiology, GI and Oncology in Pakistan. Ferozsons is also having its subsidiary BF Biosciences Limited, Pakistan’s first biotech pharmaceutical facility in Lahore, for the manufacture of biotech products for the treatment of Hepatitis B & C, liver disease, Cancer and Diabetes.
Ferozsons Laboratories Limited, together with its subsidiaries, imports, manufactures, and sells pharmaceuticals products in Pakistan.
It offers generics and in-licensed products in various therapeutic areas, such as analgesics, anti-allergics, anti-bacterial, anti-cancer, anti-diabetics, anti-epileptics, anti-histamines, anti-obesity, anti-viral, antibiotics, antifungal, antiviral, cardiology, central nervous system, dermatology, respiratory, expectorant, gastro intestinal, gastroenterology, hepatology, immunology, prostate management, and urology. The company provides its products in the form of tablets, capsules, syrups, suspensions, creams and ointments.
GHANDHARA INDUSTRIES LTD
Engages in the manufacture and market of vehicles. Its products include pickup, trucks, and buses. Ghandhara Industries was established in Karachi by the General Motors Overseas Distribution and later acquired in 1963 by Habibullah Khan Khattak who renamed it to Ghandhara Industries Limited. The government nationalized Ghandhara Industries in 1972 and renamed it to National Motors. In 1992, Bibojee Services acquired National Motors and adopted its original name.
The major business activities of the company are progressive manufacturing, assembling and marketing Isuzu trucks and buses at its plant in S.I.T.E., Karachi.
SEARLE COMPANY LIMITED
The company engaged in the manufacturing of pharmaceutical products and a low calorie sweetener. It also engages in selling of food and consumer items and manufacturing of pharmaceutical items for other companies. The company operates through the following segments: Pharma, Consumer and Investment Property.
Searle was founded on October 5, 1965 and is headquartered in Karachi, Pakistan. The SEARLE Company Ltd (TSCL) was incorporated in Pakistan as a private limited company on October 5, 1965 as a subsidiary of G. D. Searle & Co, USA.
Searle is one of the leading pharmaceutical companies in Pakistan having two state-of-the art manufacturing facilities in Lahore, and Karachi, Pakistan. Searle also has collaboration with several world recognized organizations like Grunenthal and CHR Hansen. TSCL is manufacturing organization of branded generics and providing best research products in the services of mankind.
Specialties: Pharmaceuticals, Branded Generics, Probiotics, Nutraceuticals, Medical Devices.
The Searle Company Limited manufactures and sells pharmaceutical and other consumer products in Pakistan, South Asia, East Africa, South-East Asia, and the Middle East. It operates through three segments: Pharma, Consumer, and Investment Property. The company offers pharmaceutical products in the therapeutic areas of allergy/cough/cold, analgesics/muscle relaxant, antibiotics/anti-malarial, cardiovascular, endocrinology/metabolism, gastrointestinal, gynecology, nutritional and healthcare, neurology/psychiatry, orthopedics/rheumatology, and respiratory, as well as probiotics, alternative medicines, IV solutions, and medical devices and disposables. It also engages in the sale of food.
Pakistani companies are enjoying the rising trend of the nations’ middle class consumption. They are benefiting from increasing consumer confidence and growing demand for cement, branded food products, pharmaceuticals and vehicles. Overall consumer products and services companies have been on the rise on Forbes Asia list, an indication of Asia’s success in moving towards a consumer economy
The companies’ matters in Pakistan regulate by the Securities and Exchange Commission of Pakistan (SECP). Here we are listing the top five companies by the Pakistan Stock Exchange. The companies listed below are being listed because of best capital efficiency, profitability, free-float of shares, and turnover of share, corporate social responsibilities and transparency.
1. FAUJI FERTILIZER COMPANY
Fauji Fertiliser is currently the leading fertilizer in Pakistan since 1978. This fertilizer company was incorporated as a private limited company in 1978. The journey started with the initial share capital of Rs813.9 million that is today Rs8.48 billion. Currently, 60 percent share of the urea manufacturing and marketing is being controlled by the Fauji Fertiliser.
2. MILLAT TRACTORS
Millat Tractors is the manufacturer of Millat tractors in Pakistan. Millat Tractors started the business after the introduction of Massey Ferguson tractors in the country in 1964.
This company is now assembling and marketing tractors in the country on behalf of the Pakistan Tractor Corporation. Many times, Millat Tractors earned the award of Corporate Excellence Award of Management Association of Pakistan and the Top Companies Award of Karachi Stock Exchange (currently Pakistan Stock Exchange).
3. PAKISTAN OILFIELDS
Pakistan Oilfields is not the Pakistan State Oil. It is an independent oil exploration and consortium company in Pakistan. It is the leading oil and gas exploration and production company in Pakistan that is listed in the Pakistan Stock Exchange.
Pakistan Oilfields is the subsidiary of the Attock Oil Company Limited. In addition to the production of oil and gas, the other activities by the Pakistan Oilfields are LPG, Solvent Oil and sulphur.
4. ARCHROMA PAKISTAN
Archroma Pakistan is a leading dyes and chemicals company in Pakistan. It is engaged in field of sales and marketing of paper, textile, adhesives, construction and coatings industries. Archroma Pakistan is a multinational company that is working in Pakistan as well. It’s headquarter is located in Karachi. Its other locations in the country are Jamshoro and Lahore.
5. PAKISTAN INTERNATIONAL CONTAINER TERMINAL
Pakistan International Container Terminal is a modern container terminal operating at berth 6-9, East Wharf, Karachi Port. Pakistan International Container Terminal involved in the exclusive construction, development, operations, and management of common user container terminal at the Karachi Port. Pakistan International Container Terminal is a public listed company.