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.
Non-Executive and Independent ?Mr. B. S. Nagesh is the Non-Executive Vice-Chairman of Shoppers Stop Limited.
He has been associated with the company since its inception (1991) and led it to win the “Emerging Market Retailer of the Year” Award at the World Retail Congress in 2008. He is the only Indian and the first Asian to be inducted into the “World Retail Hall of Fame” at the World Retail Congress 2008 in Barcelona.
Mr. Nagesh is also the founding Chairman of Retailers Association of India, which is the country’s industry body.
As part of his personal philosophy, Nagesh stepped out of all executive roles at the age of 50 and has set up a not-for-profit entity: Trust for Retailers and Retail Associates of India (www.trrain.org), with a mission of making a difference to the sales associate’s life both at work and home.
In the last 5 years TRRAIN has provided livelihood for more than 6000 PWD's and has trained and up-skilled more than 25000 associates in retail. Retail Employees Day celebration and TRRAIN Retail Awards have become global events with millions of retail associates participating in the event.
Non-Executive and Independent ?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. Hema's experience of 34 years comprises corporate roles in Infosys Technologies Ltd. and Motor Industries Co. Ltd., and entrepreneurial stints as an HR Advisor, pan industries. Her experience spans Change Management, Leadership Development and Human Resource Development. 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 currently provides Strategic HR Advisory to several 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. She has been on the Board of Directors of the Company since July 26, 2005.
Non-Executive and Independent ?Nikhil is an experienced investor, entrepreneur, and banker. At Mayfield, Nikhil has been leading investments since 2007.
He sits on the boards of Securens Systems (monitoring and surveillance), Matrimony.com (world’s largest marriage portal), Joguru, Inc. (trip planning platform named “Triphobo”), Marico Ltd. (packaged consumer goods, listed on the Bombay Stock Exchange) and Kaya Ltd. (listed, specialty skin care).
As an entrepreneur, he was founding CEO of SUN F&C, one of India’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 Chartered Accountant from the ICAEW and received his Bachelor’s degree from the University of Mumbai.
Non-Executive and Independent ?Mr. Bakshi has an Honours Degree in Economics from St. Stephens College in Delhi and an MBA degree from the Indian Institute of Management, Bangalore. He is currently the Managing Director of Metro Cash & Carry India Pvt Ltd.
Until recently he was the Joint Managing Director of ICICI Venture Funds Management Company Limited (ICICI), prior to which he was Vice President Commercial - Asia of PepsiCo International and the Chairman of PepsiCo India Holdings (P) Ltd., with responsibility for the Company's business in India, Nepal, Bhutan, Bangladesh and Sri Lanka. His other stints include a range of assignments in Lakme India, Cadbury Schweppes Limited, Cadbury India Limited and Cadbury (Pty), South Africa. Additionally, Mr. Bakshi holds a Directorship with Cummins India Limited besides being on the Board of Directors of Marico since July 17, 2003.
He does not have any shareholding in the Company.
MariwalaNon-Executive (Promoter) Mr. Rajen 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.
NarayananCEO, Myntra - JabongAnanth Narayanan is the Chief Executive Officer of Myntra and Jabong, the country’s largest online platforms for fashion and lifestyle products. He leads the team with a dedicated mission to disrupt and transform the way fashion is sold and consumed in the country. His aim is to make Myntra the first profitable ecommerce company in India. Under his leadership, Myntra has made several strategic acquisitions including Jabong from Global Fashion Group; making it India’s biggest fashion shopping destination.
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 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, 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 also on the Industry Advisory Board of the University of Michigan’s Tauber Institute.