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{{Short description|Pakistani multinational conglomerate company}}
{{Short description|Corporate group in Pakistan}}
{{Use Pakistani English|date=January 2019}}
{{Use Pakistani English|date=January 2019}}
{{Use dmy dates|date=January 2019}}
{{Use dmy dates|date=January 2019}}
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| logo = Lakson Group logo.svg
| logo = Lakson Group logo.svg
| logo_size = 200px
| logo_size = 200px
| type = [[Private company|Private]]
| type = [[Corporate group]]
⚫
| founder = [[Sultan Ali Lakhani]] <br/> Iqbal Ali Lakhani
| industry = [[Conglomerate (company)|Conglomerate]]
| slogan =
⚫
| founder = [[Sultan Ali Lakhani]] <br/>[[Iqbal Ali Lakhani]]
| foundation = {{start date and age|1954}}
| foundation = {{start date and age|1954}}
| location = [[Karachi]], [[Pakistan]]
| location = [[Karachi]], [[Sindh]], [[Pakistan]]
| area_served = Pakistan
| area_served = Pakistan
| key_people = [[Iqbal Ali Lakhani]] (chairman)
| key_people = Iqbal Ali Lakhani (chairman)
| products =
| products =
| num_employees =
| num_employees =
| revenue =
| revenue =
| net_income =
| net_income =
| homepage = {{url|www.lakson.com.pk}}
| homepage = {{URL|lakson.com.pk}}
}}
}}


The '''Lakson Group''' ({{nastaliq|لیکسن گروپ}}) is a Pakistani [[conglomerate (company)|conglomerate company]] which is based in [[Karachi]], [[Pakistan]].<ref name=bloomberg/><ref>{{cite web|url=https://tribune.com.pk/story/1081402/greater-than-rs1-billion-the-best-performing-mutual-funds/|title=Greater than Rs1 billion: The best performing mutual funds |date=9 April 2016|publisher=The Express Tribune (newspaper)|accessdate=31 January 2019}}</ref> It was founded in 1954 and is owned by Lakhani family. The conglomerate is based in [[Karachi]], currently chaired by Iqbal Ali Lakhani and was founded in 1954.<ref>{{cite web|title = Company Structure: Lakson Group|url = http://lakson.com.pk/?page_id=108|website = lakson.com.pk|accessdate =31 January 2019}}</ref><ref name=bloomberg/>
The '''Lakson Group''' ({{langx|ur|لیکسن گروپ}}) is a [[group of companies]] headquartered in [[Karachi]], [[Sindh]].<ref name=bloomberg/><ref>{{cite web|url=https://tribune.com.pk/story/1081402/greater-than-rs1-billion-the-best-performing-mutual-funds/|title=Greater than Rs1 billion: The best performing mutual funds |date=9 April 2016|publisher=The Express Tribune|accessdate=31 January 2019}}</ref><ref>{{cite web|title = Company Structure: Lakson Group|url = http://lakson.com.pk/?page_id=108|website = lakson.com.pk|accessdate =31 January 2019}}</ref>


== History ==
The company is very diversified and has its interests in agri-business, [[call centers]], consumer non-durables, fast food, financial services, media, paper and board, printing and packaging, surgical instruments, technology (data-networking, BPO, and software) and travel.<ref name=bloomberg/>
It was founded in 1954 and is owned by the Lakhani family.<ref name=bloomberg/>


== Subsidiaries ==
== Lakson Group of Companies ==
===Technology===
=== Listed ===
* Century Insurance Company Limited, general insurance business<ref>{{Cite web|url=http://www.brecorder.com/news/3279360|title=Century Insurance Company - promises peace of mind|date=18 May 2006|website=Brecorder}}</ref>
*[[Cybernet]], internet, and Data Communication Network Service Provider.
* Century Paper and Board Mills Limited, producer of packaging boards<ref>{{Cite web|url=https://www.brecorder.com/news/40303531|title=Century Paper & Board Mills Limited|first=B. R.|last=Research|date=15 May 2024|website=Brecorder}}</ref>
*StormFiber, Internet, and television service provider.
⚫
* [[Colgate-Palmolive Pakistan]], manufacture and sale of detergents, personal care, and other related products in Pakistan<ref name=bloomberg>[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=38969395 Company Overview of The Lakson Group on bloomberg.com website] Retrieved 31 January 2019</ref>
*Sybrid (Private) Limited, business process outsourcing.
* Merit Packaging Limited, active in printing and packaging<ref>{{Cite web|url=https://profit.pakistantoday.com.pk/2021/05/02/an-activist-investor-takes-merit-packaging-out-for-a-spin/|title=An activist investor takes Merit Packaging out for a spin|first=Ariba|last=Shahid|date=2 May 2021|website=Profit by Pakistan Today}}</ref><ref>{{Cite web|url=https://profit.pakistantoday.com.pk/2024/01/14/merit-packaging-is-selling-off-its-land-and-building-why/|title=Merit Packaging is selling off its land and building. Why?|first=Haris|last=Javed|date=14 January 2024|website=Profit by Pakistan Today}}</ref>
*Lakson Business Solutions Limited, IT provider.
*Ice Animations, VFX, and animation.


===Media TV channels===
=== Unlisted ===
* Century Publications, incorporated in 1998, publishes Urdu and Sindhi daily newspapers ''Express'' and ''Daily Sindh Express''
⚫
** [[Express News (TV channel)|Express News]], Urdu-language TV news channel
⚫
** [[Tribune 24/7|Express 24/7]], English- 24-hours TV news channel (now closed down)
⚫
** [[Express Entertainment]], Urdu-language Entertainment channel
⚫
** ''[[Daily Express (Urdu newspaper)|The Daily Express]]'', Urdu daily in Pakistan
⚫
** ''[[The Express Tribune]]'', English-language newspaper
* [[Cyber Internet Services|Cybernet]], internet, and data communication network service provider<ref>{{Cite web|url=https://www.dawn.com/news/1476691|title=Pakistan's internet capacity to be increased by 96 Tb/s with new submarine cable system|date=17 April 2019|website=DAWN.COM}}</ref>
** StormFiber, Internet, and television service provider<ref>{{Cite web|url=https://tribune.com.pk/story/1754694/stormfiber-expands-multan-even-taxes-bite|title=StormFiber expands to Multan even as taxes bite |date=11 July 2018|website=The Express Tribune}}</ref><ref>{{Cite web|url=https://tribune.com.pk/story/1831763/quetta-added-high-speed-internet-network|title=Quetta added to high-speed internet network|date=23 October 2018|website=The Express Tribune}}</ref>
* Sybrid, [[business process outsourcing]]<ref>{{Cite web|url=https://tribune.com.pk/story/2290722/facilitation-hub-to-give-fillip-to-tourism|title=Facilitation hub to give fillip to tourism|first=Wisal|last=Yousafzai|date=22 March 2021|website=The Express Tribune}}</ref>
** Ice Animations, VFX, and animation<ref>{{Cite web|url=https://www.dawn.com/news/1514619|title=SPOTLIGHT: REANIMATING ANIMATION IN PAKISTAN|first=Mohammad Kamran|last=Jawaid|date=3 November 2019|website=DAWN.COM}}</ref><ref>{{Cite web|url=https://magtheweekly.com/detail/3596-pakistans-gaming-and-animation-industry|title=PAKISTAN'S Gaming and Animation Industry &#124; Focus - MAG THE WEEKLY|website=magtheweekly.com}}</ref>
⚫
* NayaPay, digital wallet and payment system.<ref>{{Cite web|title=State Bank of Pakistan grants EMI License to NayaPay|url=https://www.nayapay.com/news/commercial-approval|access-date=2021-09-12|website=www.nayapay.com|language=en}}</ref><ref>{{Cite web|title=State Bank of Pakistan grants EMI License to NayaPay|url=https://www.dawn.com/news/1643922|access-date=2021-09-12|website=DAWN|date=2 September 2021 |language=en}}</ref>
⚫
* Lakson Investments Limited, independent asset manager
⚫
* [[McDonald's Pakistan]]<ref name=bloomberg/>
* [[Ajinomoto]] Lakson Pakistan, produces seasonings, cooking oils, TV dinners, sweeteners, amino acids, and pharmaceuticals<ref>{{Cite web|url=https://asia.nikkei.com/Business/Ajinomoto-to-offer-halal-seasonings-in-Pakistan|title=Ajinomoto to offer halal seasonings in Pakistan|website=Nikkei Asia}}</ref>
⚫
* Princeton Travels (Private) Limited, an [[International Air Transport Association|IATA]] accredited travel agency and an active member of International travel forums like ASTA, PATA, UFTAA & TAAP
⚫
* [[Fly Jinnah]], a joint venture between Lakson Group and [[Air Arabia]]. It adopts the [[Low-cost carrier|low cost]] model similar to that of Air Arabia.<ref>{{Cite web|date=2021-09-03|title='Fly Jinnah': Pakistan's Lakson Group, Air Arabia to start new low-cost airline|url=https://www.dawn.com/news/1644281|access-date=2021-09-13|website=DAWN.COM|language=en}}</ref>


===Former subsidiaries===
⚫
* Express News, Urdu-language TV news channel
* Clover Pakistan, formerly distributed [[Tang (drink mix)|Tang]], [[Toblerone]], [[Philadelphia Cream Cheese]], and [[Titan Company|Titan]] watches in Pakistan<ref>{{Cite web|url=https://profit.pakistantoday.com.pk/2020/11/14/after-a-lucky-streak-clover-stumbles-in-2020/|title=After a lucky streak, Clover stumbles in 2020|first=Profit|last=Report|date=14 November 2020|website=Profit by Pakistan Today}}</ref><ref>{{Cite web|url=https://www.brecorder.com/news/40249009|title=Clover Pakistan Limited|first=B. R.|last=Research|date=21 June 2023|website=Brecorder}}</ref>

* [[Tetley|Tetley Clover]]<ref>{{Cite web|url=http://beta.dawn.com/news/131674/tetley-tea-to-hit-market-in-first-quarter-of-04|title=Tetley tea to hit market in first quarter of '04|first=Aamir Shafaat|last=Khan|date=31 December 2003|website=DAWN.COM}}</ref><ref>{{Cite web|url=http://beta.dawn.com/news/101754/tata-to-start-operations-in-pakistan-from-oct-joint-venture-in-tea-making|title=Tata to start operations in Pakistan from Oct: Joint venture in tea making|first=Aamir Shafaat|last=Khan|date=14 May 2003|website=DAWN.COM}}</ref><ref>{{Cite web|url=http://www.tetleyclover.com/flash.html|title=Welcome to Tetley|date=26 May 2007|archive-url=https://web.archive.org/web/20070526112108/http://www.tetleyclover.com/flash.html |archive-date=26 May 2007 }}</ref>
⚫
* [[Express Entertainment]], Urdu-language Entertainment channel
* [[Lakson Tobacco]]

===Closed channels===


⚫
* Express Tribune, English- 24-hours TV news channel (now closed down)

* Express Music, 24-hours Music TV channel (now closed down)

===Publications===

⚫
* [[Daily Express (Urdu newspaper)|The Daily Express]], No. 2 Urdu daily in Pakistan

⚫
* [[The Express Tribune]], English-language newspaper

* Express Daily Sindh Express, Sindhi-language newspaper

===Financial Services===
⚫
*NayaPay - digital wallet and payment system.<ref>{{Cite web|title=State Bank of Pakistan grants EMI License to NayaPay|url=https://www.nayapay.com/news/commercial-approval|access-date=2021-09-12|website=www.nayapay.com|language=en}}</ref><ref>{{Cite web|title=State Bank of Pakistan grants EMI License to NayaPay|url=https://www.dawn.com/news/1643922|access-date=2021-09-12|website=www.dawn.com|language=en}}</ref>
*Century Insurance Company Limited, general insurance business
⚫
*Lakson Investments Limited, Pakistan's largest independent asset manager

===Paper & Board===
*Century Paper and Board Mills Limited, producer of packaging boards in Pakistan
*Merit Packaging Limited, printing and packaging company

===Lakson Group joint-ventures===
Lakson Group has alliances with the following major international companies:
⚫
*[[Colgate-Palmolive Pakistan]], manufacture and sale of detergents, personal care, and other related products in Pakistan<ref name=bloomberg>[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=38969395 Company Overview of The Lakson Group on bloomberg.com website] Retrieved 31 January 2019</ref>
⚫
*[[McDonald's Pakistan]], 53 restaurants in major cities of Pakistan<ref name=bloomberg/>
*[[Ajinomoto]] Lakson Pakistan (Private) Limited, produces seasonings, cooking oils, TV dinners, sweeteners, amino acids, and pharmaceuticals
⚫
*Princeton Travels (Private) Limited, an [[International Air Transport Association|IATA]] accredited travel agency and an active member of International travel forums like ASTA, PATA, UFTAA & TAAP
⚫
*[[Fly Jinnah]], a joint venture between Lakson Group and [[Air Arabia]]. It adopts the [[Low-cost carrier|low cost]] model similar to that of Air Arabia.<ref>{{Cite web|last=Reuters|date=2021-09-03|title='Fly Jinnah': Pakistan's Lakson Group, Air Arabia to start new low-cost airline|url=https://www.dawn.com/news/1644281|access-date=2021-09-13|website=DAWN.COM|language=en}}</ref>


==See also==
==See also==

Latest revision as of 23:32, 6 December 2024

Lakson Group
Company typeCorporate group
Founded1954; 70 years ago (1954)
FounderSultan Ali Lakhani
Iqbal Ali Lakhani
HeadquartersKarachi, Sindh, Pakistan
Area served
Pakistan
Key people
Iqbal Ali Lakhani (chairman)
Websitelakson.com.pk

The Lakson Group (Urdu: لیکسن گروپ) is a group of companies headquartered in Karachi, Sindh.[1][2][3]

History

[edit]

It was founded in 1954 and is owned by the Lakhani family.[1]

Subsidiaries

[edit]

Listed

[edit]
  • Century Insurance Company Limited, general insurance business[4]
  • Century Paper and Board Mills Limited, producer of packaging boards[5]
  • Colgate-Palmolive Pakistan, manufacture and sale of detergents, personal care, and other related products in Pakistan[1]
  • Merit Packaging Limited, active in printing and packaging[6][7]

Unlisted

[edit]
  • Century Publications, incorporated in 1998, publishes Urdu and Sindhi daily newspapers Express and Daily Sindh Express
  • Cybernet, internet, and data communication network service provider[8]
    • StormFiber, Internet, and television service provider[9][10]
  • Sybrid, business process outsourcing[11]
    • Ice Animations, VFX, and animation[12][13]
  • NayaPay, digital wallet and payment system.[14][15]
  • Lakson Investments Limited, independent asset manager
  • McDonald's Pakistan[1]
  • Ajinomoto Lakson Pakistan, produces seasonings, cooking oils, TV dinners, sweeteners, amino acids, and pharmaceuticals[16]
  • Princeton Travels (Private) Limited, an IATA accredited travel agency and an active member of International travel forums like ASTA, PATA, UFTAA & TAAP
  • Fly Jinnah, a joint venture between Lakson Group and Air Arabia. It adopts the low cost model similar to that of Air Arabia.[17]

Former subsidiaries

[edit]

See also

[edit]

References

[edit]
  1. ^ a b c d Company Overview of The Lakson Group on bloomberg.com website Retrieved 31 January 2019
  2. ^ "Greater than Rs1 billion: The best performing mutual funds". The Express Tribune. 9 April 2016. Retrieved 31 January 2019.
  3. ^ "Company Structure: Lakson Group". lakson.com.pk. Retrieved 31 January 2019.
  4. ^ "Century Insurance Company - promises peace of mind". Brecorder. 18 May 2006.
  5. ^ Research, B. R. (15 May 2024). "Century Paper & Board Mills Limited". Brecorder.
  6. ^ Shahid, Ariba (2 May 2021). "An activist investor takes Merit Packaging out for a spin". Profit by Pakistan Today.
  7. ^ Javed, Haris (14 January 2024). "Merit Packaging is selling off its land and building. Why?". Profit by Pakistan Today.
  8. ^ "Pakistan's internet capacity to be increased by 96 Tb/s with new submarine cable system". DAWN.COM. 17 April 2019.
  9. ^ "StormFiber expands to Multan even as taxes bite". The Express Tribune. 11 July 2018.
  10. ^ "Quetta added to high-speed internet network". The Express Tribune. 23 October 2018.
  11. ^ Yousafzai, Wisal (22 March 2021). "Facilitation hub to give fillip to tourism". The Express Tribune.
  12. ^ Jawaid, Mohammad Kamran (3 November 2019). "SPOTLIGHT: REANIMATING ANIMATION IN PAKISTAN". DAWN.COM.
  13. ^ "PAKISTAN'S Gaming and Animation Industry | Focus - MAG THE WEEKLY". magtheweekly.com.
  14. ^ "State Bank of Pakistan grants EMI License to NayaPay". www.nayapay.com. Retrieved 12 September 2021.
  15. ^ "State Bank of Pakistan grants EMI License to NayaPay". DAWN. 2 September 2021. Retrieved 12 September 2021.
  16. ^ "Ajinomoto to offer halal seasonings in Pakistan". Nikkei Asia.
  17. ^ "'Fly Jinnah': Pakistan's Lakson Group, Air Arabia to start new low-cost airline". DAWN.COM. 3 September 2021. Retrieved 13 September 2021.
  18. ^ Report, Profit (14 November 2020). "After a lucky streak, Clover stumbles in 2020". Profit by Pakistan Today.
  19. ^ Research, B. R. (21 June 2023). "Clover Pakistan Limited". Brecorder.
  20. ^ Khan, Aamir Shafaat (31 December 2003). "Tetley tea to hit market in first quarter of '04". DAWN.COM.
  21. ^ Khan, Aamir Shafaat (14 May 2003). "Tata to start operations in Pakistan from Oct: Joint venture in tea making". DAWN.COM.
  22. ^ "Welcome to Tetley". 26 May 2007. Archived from the original on 26 May 2007.
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