Colgate-Palmolive Pakistan

{{Short description|Pakistani subsidiary of Colgate-Palmolive}}

{{Use Pakistani English|date=July 2020}}

{{Use dmy dates|date=July 2020}}

{{Infobox company

| name = Colgate-Palmolive Pakistan

| logo = Colgate-Palmolive logo.svg

| type = Public

| traded_as = {{karse|COLG}}
KSE 100 component

| industry = Consumer goods

| founded = {{start date and age|1977}}

| key_people = Zulfiqar Ali Lakhani (CEO)
Iqbal Ali Lakhani (chairman)

| hq_location = Karachi, Pakistan

| products = Colgate, Palmolive, Brite, Bonus, Softlan, Express, and Lemon Max

| revenue = {{Increase}} {{PKRConvert|91.459|b}}

| revenue_year = 2023

| operating_income = {{Increase}} {{PKRConvert|16.684|b}}

| income_year = 2023

| net_income = {{increase}} {{PKRConvert|10.336|b}}

| net_income_year = 2023

| assets = {{Increase}} {{PKRConvert|47.446|b}}

| assets_year = 2023

| equity = {{Increase}} {{PKRConvert|24.316|b}}

| equity_year = 2023

| owner = Colgate-Palmolive (30%)
SIZA Services (25%)
SIZA Limited (17.4%)
Premier Fashions (12.20%)
Iqbal Ali Lakhani (4.5%)
SIZA Commodities (3.4%)

| parent = Colgate-Palmolive
Lakson Group

| num_employees = 1,217

| num_employees_year = 2023

| footnotes = Financials {{as of|2023|6|30|lc=y}} {{cite web|title=Colgate-Palmolive Pakistan Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=214558 |access-date=18 May 2024}}

| website = {{url|colgate.com.pk}}

}}

Colgate-Palmolive Pakistan, formerly known as National Detergents Limited is a Pakistani consumer goods company which is a subsidiary of American multinational company Colgate-Palmolive.{{Cite news|url=https://www.dawn.com/news/1480782|title=corporate watch: Lakson to cede 21pc shares in Colgate|date=May 7, 2019|newspaper=Dawn|accessdate=31 July 2020}}{{Cite web|url=http://www.dawn.com/news/1074233|title=Colgate Palmolive Pakistan's increasing expenses|first=Ali Raza|last=Mehdi|date=16 December 2013|website=DAWN.COM}}{{Cite news|url=https://fp.brecorder.com/2018/12/20181218432216/|title=Colgate Palmolive (Pakistan) Limited|newspaper=Business Recorder|date=December 18, 2018|accessdate=31 July 2020}} It was founded in 1977 and is based in Karachi, Pakistan.

It operates in oral care, personal care, and fabric care sectors.

History

Colgate-Palmolive Pakistan was founded in 1977 as National Detergents Limited. In 1985, National Detergents received licence to produce Colgate-Palmolive products in Pakistan.{{Cite web|url=https://www.brecorder.com/news/3563899|title=Healthcare: COLGATE-PALMOLIVE (PAKISTAN) LIMITED - Analysis of Financial Statements Financial Year 2003 - Q 2003 2008|date=20 October 2008|website=Brecorder}}

In 1990, National Detergents was renamed as Colgate-Palmolive Pakistan when Colgate-Palmolive became its shareholder.{{Cite web|url=https://www.brecorder.com/news/40199177|title=Colgate-Palmolive (Pakistan) Limited|first=B. R.|last=Research|date=23 September 2022|website=Brecorder}}

In 2019, the Competition Commission of Pakistan imposed {{PKR|10 million}} on the company for running deceptive marketing campaign.{{Cite web|url=https://www.dawn.com/news/1351747|title=Colgate-Palmolive slapped Rs10m fine for deceptive marketing|date=August 16, 2017|website=Dawn|accessdate=31 July 2020}}

Factories

  • Karachi
  • Kotri{{Cite web|url=https://profit.pakistantoday.com.pk/2018/02/01/fire-breaks-out-at-colgate-palmolives-kotri-factory/|title=Fire breaks out at Colgate Palmolive's Kotri factory|date=1 February 2018|website=Profit by Pakistan Today}}
  • Lahore

Brands

References