Marico
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| Company type | Public company (BSE: 531642) |
|---|---|
| Industry | Consumer goods |
| Founded | 1991 |
| Headquarters | Santacruz, Mumbai, India |
Key people | Saugata Gupta[1] |
| Products | Edible Oil, Hair Oils, Skin Care, Fabric Care, etc. |
| Revenue | ₹5,733.3 crore (US$690 million)[2] |
Number of employees | 2402 (2016) |
| Website | www.marico.com |
Marico is an Indian consumer goods company providing consumer products and services in the areas of Health and Beauty based in Mumbai.[3]
During 2015, the company generated a turnover of Rs. 5,733 crore.[4] Marico has 8 factories in India located at Pondicherry, Perundurai, Kanjikode, Jalgaon, Paldhi, Dehradun, Baddi and Paonta Sahib.
In Bangladesh, Marico operates through Marico Bangladesh Limited, a wholly owned subsidiary. Its manufacturing facility is located at Shirirchala, near Gazipur.
Brands
The organisation holds a number of brands including Parachute, Saffola, Hair&Care, Nihar, Mediker, Revive, Manjal, Livon, Set Wet, Zatak, Fiancee, HairCode, Eclipse, X-Men, Hercules, Caivil, Code 78 and Black Chic.
Parachute
Parachute is the flagship brand of Marico which consists of edible grade coconut oil. Marico manufactures and markets its coconut based hair oils under its popular brand – Parachute Advanced and a series of extensions thereof.
Others
Marico's brands and their extensions occupy leadership positions[citation needed] with significant market shares[citation needed] in a number of health and beauty areas.
Saffola is essentially blended refined edible oil which is claimed to be beneficial for Heart health. It is marketed under the names of New Saffola, Tasty and Active. All of them contain blended vegetable oils in various proportions. The main type of oils which are blended include Rice Bran oil, Kardi oil or Safflower oil, Corn oil and Soya oil.
Harsh Mariwala is the chairman and Saugata Gupta is MD and CEO of this organisation.
Marico has a significant presence in Bangladesh, South East Asia, Middle East, Egypt and South Africa. Marico reported a net profit of Rs 573 Crore in 2014-15[4]
Marketing
Indian expatriates in the Middle East had been smuggling Parachute oil with them for their daily use when export of the oil was restricted prior to the 1991 economic liberalisation. Marico decided to try to sell products in that market after liberalisation, but found that Arab customers did not like the scent of coconut, wanted a less sticky hair product, and needed a product to counteract the high level of chlorination in their water. When Marico reformulated its product, its market share in the Middle east grew from 2% in 2002 to more than 20% by 2008.[5]
References
- ^ http://economictimes.indiatimes.com/news/news-by-company/corporate-announcement/harsh-mariwala-steps-down-as-marico-managing-director/articleshow/32619267.cms
- ^ http://marico.com/india/investors/performance-at-a-glance
- ^ "MARICO". MARICO. Retrieved 16 July 2010.
- ^ a b "Marico 2015 Annual Report" (PDF).
- ^ Kumar, Nirmalya (2009). India's Global Powerhouses. Harvard Business Press. pp. 136–8. ISBN 978-1-4221-4762-7.
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