At IGI, we believe that a solid foundation of good corporate governance and business ethics significantly contributes to our company's ability to compete effectively and realize our full value potential. Our company operates under the guidance and oversight of our Board of Directors (BoD) who have a strong reputation for uncompromising integrity, each a leader in the industry to ensure we provide a sustainable value through business fundamentals, Corporate Social Responsibility and talent stewardship.
As an entrepreneur and industrialist, Syed Babar Ali envisioned and set up Packages Limited (Pakistan’s largest paper & board mill), Milkpak Limited–now Nestlé Pakistan Limited (the largest food processing company in Pakistan); Tetra Pak Pakistan Limited, IGI Insurance Company Limited, Tri-Pack Films Limited, and IGI Investment Bank. He is Chairman of Sanofi-Aventis Pakistan Limited, Siemens Pakistan Engineering Company Limited, and Coca-Cola Beverages Pakistan Limited. He believes in the joint venture philosophy and most of his businesses are joint ventures with major multinationals.
As an educationist, he led the establishment of the Lahore University of of Management Sciences (LUMS) in 1985 of which he is the first Pro-Chancellor. LUMS is Pakistan’s premier management education institution. In 1992, he founded Ali Institute of Education for training of primary and secondary school teachers. He is a member of the Board of the following important educational institutions of Lahore: Aitchison College, Kinnaird College, and Lahore School of Economics. He is also a Founding Member of the South Asia Initiative of Harvard University and the Co-Chair of South Asia Centre for Policy Studies currently based in Nepal. He served as Pakistan’s Minister of Finance, Economic Affairs & Planning in 1993.
He promoted the cause of the padWorld Wide Fund for Nature (earlier World Wildlife Fund) where he served in various capacities, both in Pakistan and internationally, from 1972 to 1996. He was International President of WWF from 1996 to 1999 succeeding HRH Prince Philip, the Duke of Edinburgh. He is now Vice President Emeritus, WWF International, and President Emeritus WWF-Pakistan.
He set up Babar Ali Foundation in 1985. The Foundation gives about a million dollars a year primarily for education and health in Pakistan. He is also a member of Layton Rehmatullah Benevolent Trust Karachi and Shalamar Hospital Lahore.
He received honors and awards from the Government of Sweden, the Netherlands, an OBE from Britain (1997), and was awarded an Honorary Doctorate Degree of Laws from McGill University, Montreal, Canada (1997).
Syed Hyder Ali, graduated from University of Michigan, USA with a Bachelor of Science degree in Chemical Engineering in 1979. He completed his Master of Science in June 1981, specializing in paper chemistry. In 1997, Mr. Ali also attended the program for Management Development at the Harvard Business School, Boston, USA.
Chief Executive and Managing Director, Packages Ltd. Mr. Ali has wide and varied professional working experience spanning over many years in paper production, conversion and packaging. Mr. Ali has been involved in the development and implementation of processes for the pulp and paper mill at Packages Ltd. using wheat straw as a raw material. He is the co-author of two USA patents for the recycling of milk and juice cartons.
Mr. Ali serves on the Board of a number of companies like Bulleh Shah Paper Mill (Private) Limited, IGI Insurance Limited, Nestlé Pakistan Limited, Packages Lanka (Pvt) Limited, Sanofi-Aventis Pakistan Limited, Tetra Pak Pakistan Limited, Tri-Pack Films Limited and International Steel Limited.
He is a member of the Board of Governors/Directors of WWF- Pakistan, Babar Ali Foundation (BAF), National Management Foundation (NMF), Ali Institute of Education (AIE), Pakistan Centre for Philanthropy (PCP), and Pakistan Business Council (PBC). He is also a Member of the Executive / Management Committee of Syed Maratib Ali Religious and Charitable Trust Society, Lahore University of Management Sciences (LUMS) and International Chamber of Commerce (ICC) Pakistan.
Mr. Ali is married with three children. He is the Honorary Consul General of Sweden in Lahore since 1998.
Syed Yawar Ali was educated at Aitchison College Lahore and hold a Bachelors in Chemical Engineering and Masters in Management Science from Stevens Institute of Technology. He joined the family business (Packages Limited) and became Managing Director of Milk Pak Ltd. After 3 years of the Joint Venture with Nestlé he was elevated to Chairman of the Board.
Syed Yawar Ali is currently Chairman of Nestlé Pakistan Limited, Chairman, Wazir Ali Industries Limited and Past Chairman of Pakistan Dairy Association. He is serving on many other boards and has also been on the Board of Directors of State Bank of Pakistan, Pakistan International Airlines, Agricultural Development Bank of Pakistan and Lahore Electric Supply Company.
He also serves as Vice-President of the India-Pakistan Chamber of Commerce and Industry and is heading a committee to ‘Promote Trade with India.
Syed Shahid Ali is currently associated with IGI Insurance as Non-executive Director. He also holds directorship of several other companies which include Treet Corporation Limited, Treet Assets (Private) Limited, Treet Power Limited, Loads Limited, Packages Limited, Ali Automobiles Limited, First Treet Manufacturing Modaraba, Global Econo Trade (Private) Limited, Multiple Autoparts Industries (Private) Limited, Specialized Autoparts Industries (Private) Limited and Specialized Motorcycles (Private) Limited.
Mr. Shahid is actively involved in social and cultural activities and holds senior positions on the governing boards of several hospitals and philanthropic organizations including Liaquat National Hospital.
Mr. Shamim Ahmad Khan is associated with the Company as Non-executive Director, He has served various government organizations in different capacities namely Securities and Exchange Commission of Pakistan and Ministry of Commerce.
He has also been engaged with consultancy assignments for Asian Development Bank and other organizations. Currently, Mr. Khan is serving as director of Abbott Laboratories Pakistan Limited and IGI Insurance Limited. He is also a member of the Advisory Committee of Centre for International Private Enterprise Pakistan.
Mr. Tahir Masaud is the Chief Executive Officer of IGI Insurance Limited and a Director on the Board of IGI Life Insurance Limited. Mr. Masaud brings with him over 17 years of rich and varied experience gained in senior leadership positions within the general insurance sector in Pakistan and United Kingdom. His background includes sales and marketing administration, product development and project management.
He is a Chartered Insurer with an Advanced Diploma in Insurance (ACII) from Chartered Insurance Institute, United Kingdom. Mr. Masaud has completed his post graduations in Computer Sciences and Business Administration from Lahore University of Management Sciences (LUMS), Pakistan. He has attended numerous professional development programs in Pakistan, United Kingdom and Germany.
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