The Chairman of Marico Limited, Harsh C. Mariwala is arrived Dhaka today for a business meeting with the Management of Marico Bangladesh Limited (“MBL”) and its Board. He is staying Dhaka for 24 hours.
Over the last 3 decades, Harsh Mariwala’s leadership has transformed a traditional commodity driven business into a leading Consumer Products Company, in the Beauty and Wellness space. Currently Marico is present in several countries across the emerging markets of Asia and Africa including Bangladesh. Marico has nurtured multiple brands in the categories of hair care, skin care, health foods, styling and male grooming. Marico markets well-known brands such as Parachute, Parachute Advansed, Saffola, Setwet, Nihar, Livon and Hair code amongst others. Marico’s focus on sustainable profitable growth is manifest through its consistent financial performance, Marico does a business of USD 781 million worldwide; a CAGR of 16% in Turnover and 20% in Profits over the past 5 years.
Marico`s sustainable growth story rests on an empowering work culture that encourages its members to take complete ownership and make a difference to the entire business ecosystem.
Under Harsh’s leadership, Marico has achieved several recognitions including ‘Top Companies for Leaders 2014’ in a study conducted by Aon Hewitt and Economic Times India and was listed in the Economic Times List of ‘India’s Best Boards 2014’.Harsh has been awarded the Ernst & Young Entrepreneur of the Year Award 2009 (India) in the Manufacturing category. Harsh Mariwala won the India Talent Management Award at the CNBC TV18 India Business Leader Awards 2009 (India).
Mariwala was the President of Federation of Indian Chambers of Commerce and Industry (FICCI) in the past. He has also held several positions as FMCG Committee Chairman of FICCI and CII. He 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.
About Marico Bangladesh Limited:
Marico Bangladesh Limited (“MARICO”) is amongst the top 3 FMCG MNC companies and is a trusted company in the beauty and wellness space in Bangladesh. The company touches the lives of 1 out of every 2 Bangladeshis with an array of brands in various categories, including hair nourishment, edible oil and male grooming which include brands like Parachute which is among the “10 Most Trusted Brands” in Bangladesh and has a value added hair oil portfolio that includes Parachute Beliphool Lite, Parachute Advansed, Parachute Cooling Hair Oil and Nihar Shanti Amla. Marico Bangladesh Limited also leads the powdered hair dye market with its Hair Code brand .The company continues to diversify its portfolio with the introduction of Saffola Active healthy edible oil, Parachute Body Lotion and Set Wet
Deodorants in 2013-14. MBL’s focus on sustainable profitable growth is manifest through its consistent financial performance, a CAGR of 11 % in Turnover and 27% in Profits over the past 5 years.
Incorporated in 1999
Started operations in 2000
Marico Bangladesh listed on Dhaka and Chittagong Stock Exchange in 2009
Launched Haircode Hair Dye in 2009 and Launched Parachute Advansed Cooling Hail Oil in 2011
Started bottling at Mouchak, near Gazipur in 2002 and copra crushing manufacturing in Mahona, Bhavanipur in 2012
Launched Saffola Active Edible Oil, Livon Silky Potion, Set Wet Deodorants
Launched Nihar Shanti Badam Amla and Hair Code Keshkala in 2014
About Marico Limited:
Marico (BSE: 531642, NSE: “MARICO”) is one of India’s leading Consumer Products Group, in the global beauty and wellness space. During 2013-14, Marico recorded a turnover of about Rs. 47 billion (USD 781 Million) through its products sold in India several other countries in Asia and Africa.
Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute, Parachute Advansed, Saffola, Hair & Care, Nihar, Livon, Setwet, Mediker and Revive. The international consumer products portfolio contributes to about 25% of the Group’s revenue, with brands like Parachute, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, L’Ovite and Thuan Phat.