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, Harsh Mariwala 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. From a turnover of Rs.50 Lakhs in 1971, Marico's Products and Services in Hair Care, Skin Care and Healthy Foods generated a turnover of about INR 6,300 crores during 2017-18. 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. Under his leadership, Marico has achieved several awards and external recognition - over 100 in number of the last few years. Some of them are: The NDTV Profit 'Best Business Leadership' Award in the FMCG (Personal Hygiene) category, in 2007 and 2009, and was rated as one of India's Most Innovative companies by the Business Today - Monitor Group Innovation Study (2008). Harsh Mariwala was conferred with the Ernst & Young 'Entrepreneur of the Year' Award (2009) in the Manufacturing category, 'Talent Management Award' at the CNBC India Business Leader Award (2009), the 'Teacher's Achievement Award in Business' (2006) and the 'CEO with HR Orientation' - Global Excellence HR Award (2007) by the Asia Pacific HRM Congress. (Annexure1). This gives confidence about Marico's holistic growth and that the building blocks are falling into place. Harsh Mariwala's entrepreneurial drive and passion for Innovation, enthused him to establish the Marico Innovation Foundation in 2003. Under the stewardship of an eminent Board, the Foundation acts as a catalyst to fuel innovation in India. Some of the key initiatives of MIF are, 1) Bi-Annual Innovation Awards, 2) Social Innovation Acceleration program, 3) Innowin Magazine, 4) Book on Innovation - "Breakthrough Innovations" (55000 copies have been sold). As an expression of his Personal Social Responsibility, Mr. Mariwala recently launched ASCENT - Accelerating the SCaling up of ENTerprises to identify growth-stage entrepreneurs with potential and enable them in their scaling-up journey. In the first year of operations in Mumbai & Pune, ASCENT has garnered a membership of 250+ entrepreneurs and plans to expand to Delhi in the current year reaching a membership of 500 entrepreneurs. Mr. Mariwala was the President of Federation of Indian Chambers of Commerce and Industry (FICCI) in 2011. He has also held several positions as FMCG Committee Chairman of FICCI and CII. Mr. Mariwala is a part of Young President Organization (YPO) and World Presidents Organization (WPO) and has held the position of YPO Education, Membership and Chapter Chair.
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. K.B.S. Anand is a Mechanical Engineer from the Indian Institute of Technology, Bombay and has a postgraduate diploma in Business Management from the Indian Institute of Management, Kolkata with a specialization in Marketing. Mr. Anand joined Asian Paints Limited in the year 1979 and has held various positions in decorative, industrial and chemical sales functions of the company. He became the Head of the Decorative Business in 2008 and served as the Managing Director and CEO of Asian Paints Limited until March 2020.
Mr. K. B. S. Anand is also an Independent Director on the Board of Tata Chemicals Limited, Borosil Limited and Lupin 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 joined Marico Limited in January 2004 as Head of Marketing. In the year 2007 he was elevated to become the CEO of the Company's India business. In April 2013, Marico restructured its Consumer Product Business (CPB) in India and International Business Group (IBG) under Saugata's leadership as the CEO of Marico Limited, the unified FMCG business. In March 2014, Saugata was appointed as the Managing Director of the Company. Prior to joining Marico, Saugata was Chief of Marketing and Group Sales at ICICI Prudential and was part of the start up team that was instrumental in establishing ICICI Prudential as the largest private sector Insurance firm in the country. Saugata started his career with Cadbury where he spent 9 years in various roles in Sales and Marketing in India and the United Kingdom. His last role was Marketing Manager - Chocolates. Saugata has 20 years of experience primarily in FMCG sector. He has an engineering degree from IIT Kharagpur and is an alumnus of IIM Bangalore.
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.
Independent Director Mr. Sanjay Dube completed his Engineering from BITS Pilani and MBA from IIM-Calcutta. Presently, he is the CEO, for R. Retail Ventures Pvt Ltd, a Runwal Group & Warburg Pincus joint venture, w.e.f. 18th June 2019.
Mr. Dube brings over 34 years of experience working in diverse consumer facing businesses ranging from FMCG to service industries such as hotels, restaurants, fitness clubs & family entertainment centres. He has worked in multiple geographies ranging from India, Europe and the Middle East with a large MNC and family owned businesses. He brings a track record of managing businesses in diverse environments, in different industries, geographies and corporate cultures.
Mr. Dube was most recently the CEO of Landmark Hospitality (part of Landmark Group) based in Dubai and prior to that, he led Unilever's operations in Central and Eastern Europe. Before his stint in Europe, he spent 23 years across Unilever, Colgate Palmolive and Lakme Lever in India.