At Marico, our purpose has defined our reason to exist;
we exist not just for our business promoters but for all
our stakeholders. We believe that a life of purpose is
the purpose of life.
MariwalaChairman Harsh C. Mariwala leads Marico Limited (Marico) as its Chairman. Over the last 3 decades, he has transformed a traditional commodity driven business into a leading Consumer Products Company, in the Beauty and Wellness space. Marico markets leading brands such as Parachute Advansed, Saffola, Mediker, Revive, Setwet, Livon among others. Today one out of three Indians is a Marico consumer. Marico has also established strong consumer franchises in its overseas markets in Asia and Africa.
Harsh’s passion for innovation, enthused him to establish the Marico Innovation Foundation in 2003 which works towards nurturing innovations in India. As an expression of his Personal Social Responsibility, in 2012, he launched ASCENT Foundation - Accelerating the SCaling up of ENTerprises - a peer-learning entrepreneurial platform.
He is also Chairman & Managing Director of Kaya Limited. Sharrp Ventures is the Family Office of the Harsh Mariwala Family. He also founded the Mariwala Health Initiative (MHI) in 2015, with the philanthropic aim of giving back to society.
He was recently bestowed the EY Entrepreneur of the year award 2020 for India which is the world's most prestigious business award for entrepreneurs.
Independent DirectorMr. B. S. Nagesh is the Founder of a Not for Profit organization called TRRAIN (Trust for Retailers and Retail Associates of India). TRRAIN has a vision of “Empowering people in Retail” with a mission of upgrading the lives of people in retail both at work and home.
He has been involved with Shoppers Stop since its inception in 1991 as the first employee. Today Shoppers Stop is the leading department store chain in India with 82 stores across the country. Nagesh has contributed significantly in ushering modern retailing in the country.
He stepped out of the role of MD in Shoppers Stop Limited in 2009 at the age of 50 to start TRRAIN to fulfill his personal belief of 25 years of learning, 25 years of earning and 25 years of returning. He is the Non-Executive Chairman of Shoppers Stop Limited. He also founded Retailers Association of India in 2004.
Mr. Nagesh has been recognized as an iconic retailer and was inducted into the World Retail Hall of Fame 2008 at the World Retail Congress 2008 conducted in Barcelona. With his induction in the World Retail Hall of Fame 2008, Mr. Nagesh is the first Asian retailer to take a significant place alongside more than 100 stalwarts of the global retail industry.
He is the recipient of Hellen Keller award for being a role model in creating livelihood for Persons with Disability. He is also nominated as an Ashoka Fellow.
Independent Director Hema has deep expertise in Human Resources Development, Corporate Governance and Change Management. Her specific areas of interest include Succession Planning and Leadership Development, Executive Coaching and Diversity and Inclusion. She has worked extensively with both business and functional leaders, CEOs and Board Members in transforming their leadership styles for maximum impact and lasting change.
Hema’s experience of 37 years comprises corporate roles in Infosys Technologies Ltd. and Motor Industries Co. Ltd., and entrepreneurial stints as an HR Advisor, pan industry. In her last executive role as the Senior Vice President and Global Head of HR for the Infosys Group, she was responsible for all aspects of Human Resource Development as Infosys scaled from 250 employees to 40,000 from 1992 to 2005.
In her last executive role as the Senior Vice President and Global Head of HR for the Infosys Group, she was responsible for staffing & recruitment, compensation and benefits, performance management, immigration, learning & development and organizational effectiveness as Infosys scaled from about 250 employees to 40,000 employees.
Hema provides Strategic HR Advisory to multinational and Indian organizations and sits on several Statutory and Advisory Boards. Hema has held key industry positions as the Chairperson for The Conference Board's HR Council of India and Board Member as well as Regional President - South of the National HRD Network of India. She has worked closely with industry bodies such as CII, NASSCOM, NHRDN and SHRM on some of their key initiatives. She is a regular speaker at several international and national conferences and leading business schools.
As an HR Thought Leader, Hema regularly opines on several aspects in her longstanding (since 2010) column, ‘HR Matters’, in the Mint, a business newspaper from HT Media Ltd, in collaboration with The Wall Street Journal.
Hema Ravichandar is a Bachelor of Arts (Economics) from the University of Chennai and holds a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad. She has been on the Board of Directors of the Company since July 26, 2005.
Independent DirectorNikhil Khattau is an experienced investor, entrepreneur and banker. At Mayfield, Nikhil has been leading investments since 2007. As an entrepreneur, he was founding CEO of SUN F&C, one of lndia's first privately - owned mutual fund houses. His investment banking experience was with EY’s corporate Finance Group in London and New York.
Nikhil is a Fellow of the Institute of Chartered Accountants in England and Wales and received his Bachelor's degree from the University of Mumbai.
He believes the Indian consumer is changing habits and he works with entrepreneurs at the forefront of this change. Food, online brands and consumer financial services are areas of his particular interest.
He is on the Boards of Kaya Limited (listed, specialty skin care), Marico Limited (packaged consumer goods, listed) and, Securens (remote monitoring and surveillance), Licious (Online meat brand), MilkBasket (micro delivery grocery player) and an investor in Box 8, Green Snacks, Matrimony.com and Sohan Lal Commodity Management.
Independent DirectorMr. Milind Barve is the former Managing Director of HDFC Asset Management Company (HDFC AMC), one of India’s leading asset management company. He was responsible for setting up HDFC AMC and was appointed as its first Managing Director with effect from July 4, 2000 and after over a two-decade-long stint, he retired in February 2021. Almost his entire career, he has been associated with the Housing Development Finance Corporation (HDFC) group.
Under his leadership, HDFC Mutual Fund pioneered India's only socially oriented Mutual Fund Scheme which finances, through the Indian Cancer Society, free treatment for Cancer patients in various hospitals in India. He also served as a member on the Governing Advisory Council of Indian Cancer Society.
In the past, he has also served as the Chairman on the Board of Association of Mutual Fund in India (AMFI). He was awarded the "Maxell Award for Excellence in Business Leadership 2015".
Mr. Barve is a chartered accountant from Institute of Chartered Accountants of India and holds a Bachelor’s degree in commerce from University of Pune. He has been a keen badminton player and has represented the College, University of Pune and the Maharashtra State in various tournaments.
Mr. Barve is also an Independent Director on the Board of NSE Indices Limited.
MariwalaNon-Executive (Promoter) Mr. Rajendra Mariwala has done his Masters in Chemical Engineering from Cornell University, USA. He is currently the Managing Director of Eternis Fine Chemicals Limited, a leading exporter of specialty chemicals - specifically chemicals for fragrances and personal care products. He brings with him a rich experience of over 16 years in leading a competitive global business in specialty chemicals.
He has been on the Board of Directors of Marico Limited since July 26, 2005.
Non-Executive Director Rishabh, a second generation family business entrepreneur is a graduate from Zarb School of Business, Hofstra University, New York, USA. He is an avid learner and has undergone different executive courses from various universities. His engagement at Kaya Skin Care (chain of Dermatology Clinics across India) from 2008 - 2011 gave him an opportunity to gain holistic organizational experience. In 2010, he launched a new business line "Soap Opera" catering to the masstige and luxury consumer segment. His passion for innovative product formulations and the deep consumer insight was instrumental in introducing the luxury range of skincare products called "PureSense" in 2016. Rishabh founded Sharrp Ventures - the Mariwala Family Office, and presently heads the same. Sharrp Ventures is engaged in public markets, private equity and start-ups. This experience has provided him great insight into India's vibrant start-up space and immense learning about global best practices. Having undertaken various responsibilities, Rishabh has acquired overall entrepreneurial hands-on experience across all aspects of the business.
GuptaManaging Director & CEOSaugata Gupta serves as the Managing Director and Chief Executive Officer of Marico Limited. He joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007 and in 2014 he took over as Managing Director of the company.
A dynamic leader, he is responsible for driving the company’s growth and strengthening its presence both nationally and internationally. He has helped transform Marico into a high performing business with a commitment to sustainable development and best in class governance.
Known for his performance-oriented approach, Saugata drives Marico to be a future-ready organization committed to consistent profitable and sustainable growth combined with societal value creation. Under his guidance, Marico today has expanded its presence across 25 countries spread across emerging markets of Asia and Africa. During his tenure, Marico’s market capitalisation crossed over USD 8 billion in 2021 and it recorded a turnover of over USD 1 billion in FY20-21.
During this period, Marico has been recognised across various forums for its commitment to sustainability and accountability in business operations. Marico ranked highest amongst FMCG companies in the Crisil ESG performance score - ESGuage 2021 and has been ranked amongst the Top 10 in corporate governance among all constituent companies of the S&P BSE 100 Index. Marico has also been featured in the ‘LEADERSHIP’ category on the IFC-BSE-IiAS Indian Corporate Governance Scorecard as assessed by IiAS in December 2020. Marico ranked 6th among India's most sustainable companies with an A+ rating by SUSTAIN LABS PARIS in association with BW Businessworld and was awarded the Best CSR Practices award at Responsible Business Awards 2021. Marico is amongst India’s 5 Best Workplaces in FMCG as per Great Place to Work® Institute (India) and one of the 25 Most Desirable Companies To Work for across sectors, as per the Dare2Compete.
Saugata was ranked #4 and #47 in the FMCG sector and Pan-India respectively in the Business Today-PWC list of India’s Top 100 CEOs in 2017 and was ranked as ‘India’s Most Valuable CEOs’ by Businessworld in 2016 and 2018. He has been recognised as the Best CEO - Private Sector at Forbes India Leadership Awards 2019. He was also featured in the top 100 Business Leaders List 2020 by Impact Digital Power 100.
Outside Marico, Saugata is on the board of Ashok Leyland as Independent Director and is a member of Audit Committee, Nomination and Remuneration Committee and ESG Committee. He is also associated with JSW Paints as an Independent Director.
Saugata is an alumnus of IIM Bangalore and holds a chemical engineering degree from IIT Kharagpur.
SankaranarayananIndependent DirectorAnanth Narayanan is the Co-Founder and Chief Executive Officer of Medlife, the largest e-health company in India, with business verticals including pharmacy, diagnostics and e-consultation. A leader with a strong vision, he oversees growth, leads Mergers and Acquisitions and formulates strategy around new areas of growth, while also strengthening the team. He believes in the power of technology in making healthcare simple, personal and accessible to all.
Prior to this he served as the CEO of Myntra and Jabong, the country’s largest platform for fashion and lifestyle products. Under his leadership, the company witnessed 6x growth in a span of 3.5 years, while improving profitability, with the right foundation for long term success.
Featured as one of “India’s Hottest 40 under 40 Business Leaders” in 2014, Ananth has deep expertise in driving performance improvement and product development. Prior to joining Myntra, Ananth was a Director at Mckinsey & Company for 15 years and has worked across four offices (Chicago, Shanghai, Taipei and Chennai. His role entailed leading the Product Development practice in Asia and working with companies on strategy and operations.
Ananth serves as an Independent Director on the Board of Marico and is an active member of YPO, the global community of young leaders and chief executives. He is a part of the Champions of Change, Transformation Conclave set up by Niti Aayog, under the aegis of Narendra Modi, Prime Minister of India. He is also on the Board of Arghyam, a foundation set up by Rohini Nilekani to improve access to safe water. He leverages his vast experience and knowledge from years in consultancy and managing operations to mentor start-ups and has helped them to create systems and processes, build stakeholder communities, effectively reach out to markets and scale up their business. He regularly speaks at various summits organized by premier institutes such as The Economist, Harvard Business School, MIT Sloan and University of Michigan among others.
Ananth has a Bachelor’s degree in Engineering from the University of Madras and a Masters from the University of Michigan, in Industrial Engineering and Operations Research. He is an active member of the Aspen Global Leadership Network and is also on the Industry Advisory Board of the University of Michigan.