PROFILE

Faran Sugar Mills Limited (FSML) is an agro-based, public listed company engaged in the manufacture and sale of white refined sugar. Incorporated in Pakistan on 03 November 1981, FSML’s shares are listed on the Pakistan Stock Exchange (PSX). The Company is a member of the Amin Bawany Group, a diversified business group with interests in sugar, ethanol, insurance, modaraba, trading, power, construction and other sectors of the Pakistani economy.

 

Head Office in Block 6, P.E.C.H.S., Karachi with its manufacturing facility in Shaikh Bhirkio, District Tando M. Khan, the plant commenced commercial production in 1983. Through consistent modernization and rehabilitation, FSML have expanded the installed cane crushing capacity from an initial 2,000 TCD to an average of over 12,000 TCD today.

 

Al-Hamdulillah, FSML is ranked among the leading sugar mills in the province of Sindh in terms of production. Our diversified customer base includes manufacturers of cereals, confectionery, syrups, beverages, ice cream and biscuits, together with government institutions and the Armed Forces. With one of the region’s most efficient cane-processing facilities, FSML focuses on maintaining a market-leading position by anticipating and responding to the principal factors that affect our business verticals. FSML is dedicated to upholding the highest standards of quality while ensuring responsible and sustainable environmental stewardship and we are a proud RIBA / INTEREST-FREE CORPORATE ENTITY. All working capital and long-term financing requirements are managed through Shariah-compliant financial modes.

 

The company has made long-term investment in distillery unit namely, Unicol Limited which was formed in accordance with the terms of a Joint Venture agreement amongst the three leading sugar mills of Sindh. It is one of Pakistan largest ENA Ethanol producer and leading food grade CO2 supplier. It has designed production capacity of 200,000 liters or 160 M. Tons of Ethanol from sugarcane molasses per day. Presently 100% of its Ethanol is being exported, majority of which is destined for Europe, Middle East, Africa and Far East Markets. It also has invested in purification and liquifcation of CO2 which is a by-product. Its plant has a capacity of 72 M. tons of CO2 per day. Its certification endorse product quality and good manufacturing practices in line with its vision, these certification includes ISO-9001, ISO 14001, ISO- FSSC-22000, OHSAS-18001 and GMP.

 

FSML has been awarded Halal Certification by SANHA Halal Associates Pakistan (Pvt.) Ltd. This certification affirms that our products meet the strict standards of quality, safety, and compliance as prescribed under Shariah principles. The SANHA endorsement serves as an authoritative assurance that FSML’s products are fully permissible for consumption and use in accordance with Islamic law.

 

VIS Credit Rating Company Limited has assigned FSML long-term and short-term ratings of A- / A-2 respectively. The long-term rating (‘A-’) indicates good credit quality with adequate protection factors; the short-term rating (‘A-2’) reflects strong certainty of timely payment. The outlook has improved from Negative to Stable, demonstrating healthier liquidity and stronger access to capital markets.

 

FSML holds a long-term investment in Unicol Limited, a joint-venture distillery formed by three prominent Sindh sugar mills. Unicol is one of Pakistan’s largest producers of ENA (extra neutral alcohol) and a leading supplier of food-grade CO₂.

 

The plant has a design capacity of 200,000 liters (≈160 metric tonnes) of ethanol per day from cane molasses and a CO₂ liquefaction capacity of 72 metric tons per day. Currently, 100% of Unicol’s ethanol production is exported, with key markets in Europe, the Middle East, Africa and the Far East. Unicol’s certifications include ISO 9001, ISO 14001, FSSC-22000, OHSAS-18001 and GMP, reflecting its commitment to quality and good manufacturing practices.

 

In 2023, Unicol completed the acquisition of the assets of Popular Sugar Mills Limited (Jan Muhammad Wala, District Sargodha) and commenced operations of its sugar division thereafter. Since the acquisition, the Company has successfully completed the 2024–25 crushing season, marking its second operational season under Unicol’s management. The integration has contributed positively to operational stability and capacity utilization, broadening Unicol’s revenue base and supporting sustainable profitability. Insha’Allah, the Company remains confident of continuing successful operations into the 2026 season, reinforcing its long-term growth strategy.

 

Alhamdulillah, FSML is managing its working capital as well as long-term financing requirements through Shariah compliant financial modes. We are proud to say that FSML is a RIBA / INTEREST FREE CORPORATE ENTITY.

 

FSML has been actively participating in welfare activities at large and mainly for surrounding communities. Our Corporate Social responsibility (CSR) initiative covers Education, Health Care activities, conducting sports events and support to humanitarian and social work organization. FSML believes that investing on welfare of society is a sign of good corporate entity. During the Covid-19 Pandemic, FSML has taken various measures for the safety of its staff members like implementation of SOP’s and free vaccination to all its staff members. It is pertinent to mention here that our staff are 100% vaccinated.

 

We continued our focus on rehabilitation / modernization of our manufacturing facilities and equipment for long-term sustainability. We take guidance from renowned local and foreign technical consultants of various engineering fields to improve the overall efficiency of our plant with object to create sustainable future growth.

 

UNICOL LIMITED

Previously, the sugar mills used to export molasses in raw form. Considering the value addition and optimize the utilization of molasses, Unicol Limited was formed as a public unquoted company which is a joint venture, with shares equally held among Faran Sugar Mills Ltd, Mehran Sugar Mills Ltd and Mirpurkhas Sugar Mills Ltd. All three companies are listed on the various Stock Exchanges of Pakistan. Unicol entered in this industry 8 years ago, started its operations in August 2007, and is optimally producing ethanol from sugarcane molasses every year.

The plant is built on 111 acre plot and has the designed capacity of 100,000 liters or 80 metric tons per day, located at Mirpurkhas, Sindh. Maguin Interis, France; exceptionally designed this plant while the biogas plant was intrinsically designed by Proserpol, France. Both the companies are renowned in their respective fields. Last year, the plant capacity was enhanced to 200,000 liters per by Maguin Interis, France and the production began in May 2014. Fermentation of molasses produces Ethanol, which is a by-product of the sugar milling process. Yeast helps in converting sugar in molasses to alcohol. Then separation of alcohol from the fermented wash takes place; and then it is processed and purified through a series of distillation columns to produce ethanol. Currently, 100% of Unicol’s ethanol is exported majorly to European, African and Far Eastern markets. Despite a slump in international prices, the company coped to export Ethanol amounting to Rs. 4.2 Billion, up by 35% against previous year. This accomplishment was due to competent capacity utilization and lower raw material prices. To avoid the environmental hazard caused by the CO2 produced during the process, Unicol has invested in ordering purification and liquification unit of CO2. The CO2 plant is operational since June 2014, designed by Tecno Project Industriale, Italy, having the capacity of 24 metric tons per day. The major customer of CO2 has been the carbonated drink industry but efforts are in process to enter other lucrative sectors. Unicol performs its role in contributing in the social and economic development of our people living in rural areas by providing employment to young talents. The state of the art production facility guarantees the conformity of all health, safety, and environmental laws and procedures.

CORPORATE INFORMATION

Associated Companies

Unicol & Unienergy

Management Structure