Mr. Isphanyar M. Bhandara started his family business, Murree Brewery Co. Ltd. Rawalpindi, one of the oldest public limited companies of the sub continent in 1997.
Joined Board of Directors of the company in 1998. Before this he has significant exposure to fields operation including production, project development, development planning, conceptual engineering and operation supports in the brewery and its other divisions.
In June, 2005 became Executive Director till 2008 and lately in June, 2008 was appointed as Chief Executive Officer of the Murree Brewery Group of Companies on the demise of his father.
The Company has also other divisions manufacturing food products, fruit juices, mineral water,non- alcoholic products and glass containers. The traditional activities of the Company are brewing and distilling of fine liquors and beers. With the passage of time the company has increased the product lines and capacity as well.
The first thing that no one mentions about a particular business is that we are aiding to the economy. we are among the highest tax payers in the country - Isphanyar M. Bhandara CEO, Murree Brewery p>
- Holds a Master Degree in Business & Administration.
- Ex-Member of the National Assembly of Pakistan on seat reserved for Minorities (2013-2018).
- Currently President of Rawalpindi Parsi Anjuman.
- Representing and helping following Minority communities of Pakistan
Parsi, Sikhs, Baha’is, Buddhists, Kalash and doing other social and welfare activities.
- Attended various LUMS workshops on business.
The Murree Brewery was established in 1860, it was among the first modern beer breweries established in Asia. It is a public limited company and one of the oldest company on the Kolkata stock exchange. What is your vision of the beverage landscape in Pakistan? And where is it heading to?
The beverage landscape in Pakistan is excellent! About 60% – 70% of our population of 220 million is under the age of 30. These youngsters are people who like to have their soft drinks, beer, water etc but the recent senseless “double taxation” is not welcomed by the industry. The Government and laws have to be business friendly and create a business type atmosphere
We are improving our technology, by buying machines from all over the world.
You doubled your alcohol-production capacity in 2016 and profits have risen by almost 100% since 2012, reaching a foamy $19.6m in 2017. What are your objectives for 2019?
There are no specific objectives. The idea is to grow sales, have more profitability for shareholders, and workers. Our company stocks are trading very good at the moment at $8 per share.
29% of Murree Brewery shareholders come through a Fund that is called Kings Way, it is UK based but with headquarters inLuxembourg.