Chairman & Managing Director, Marico Limited
Over the last 3 decades, Harsh Mariwala has transformed a traditional commodity driven business into a leading Consumer Products & Services Company, in the Beauty and Wellness space. Marico markets leading brands such as Parachute, Saffola, Kaya, Mediker, Revive, 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 Rs. 4550 crores during 2012-13. 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, increasing itsrevenue 10 fold to about INR 1000 crore over the last 7 years. Shareholders have come to expect consistent performance from the company, it having delivered a CAGR of 21% in revenue and 23% in profits over the last 5 years. An investment in Marico's stock in the year 2000 has grown 30 times in value, with the company enjoying a market Capitalization of about INR 14000 crore. Shareholder wealth has registering a CAGR of 30% since Marico's IPO in 1996.
Under his stewardship, Marico has defined its Purpose to grow sustainably by maximizing the potential of multiplestakeholders in each sphere of its business; "To transform in a sustainable manner, the lives of all those we touch, by nurturing and empowering them to maximize their true potential". The Company has an action plan oriented towards creating value for each of its key stakeholders – consumers, members, associates, society and shareholders.
Under his leadership, Marico has achieved several awards and external recognition – over 100 in number of the last few years. Each of Marico's three businesses, consumer products in India, International Business and Kaya has received awardsin all functions across the value chain.. 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. (Annexure 1). 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.
Anand KripaluNon-Executive and Independent
Anand Kripalu is currently Managing Director & President India & South Asia He joined the legacy Cadbury India business at the end of 2005 as Managing Director - Indian Sub Continent and was subsequently appointed as President – Cadbury Asia in October 2008. Prior to this he worked in Unilever for 22 years.
Anand joined Unilever in 1983 through the erstwhile Indian division of Chesebrough Ponds. He held several positions in both Sales and Marketing. Key assignments include setting up of the Dental Innovation Centre at Mumbai, Head of Market Research, Head of Marketing for the Laundry category for both India and the Central Asia Middle East Region, as well as General Manager – Sales & Customer Development for HUL's Detergents business. He has also been Managing Director for Unilever's East Africa operations.
Anand earned a Bachelor Degree in Electronics from the Indian Institute of Technology, Madras and completed an MBA from the Indian Institute of Management, Calcutta. He completed the Advanced Management Programme from Wharton in 2004.
Anand lives in Mumbai along with his wife and 2 sons.
Non-Executive and Independent
Mr. B. S. Nagesh is the Vice Chairman and Non–Executive Director of Shoppers Stop Limited. He holds a degree of Masters in Management Studies from the Benaras Hindu University. He is credited with ushering various formats in modern retailing like Hypercity, M.A.C. and Mothercare, Airport Retailing and Entertainment Centres in India. He is the Chairman of Retailers Association of India. He has been voted by Business India as one of the top 50 Managers in India. He was honored with "The Best Professional of the Year" award at ICICI Bank, Retails Awards in 2005. He has been recognized as 'The Retail Professional of The Year' by CMAI for four years. He has been the only Indian Retailer to be inducted into the World Retail Hall of Fame at World Retail Congress 2008 at Barcelona and has also been inducted into the Indian Retail Hall of Fame in October 2012 at IRF. He founded TRRAIN, (TRUST FOR RETAILERS AND RETAIL ASSOCIATES OF INDIA) a "not for profit" organisation working towards "empowering people in Retail" in 2011".
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 25 years comprises corporate roles in Infosys Technologies Ltd. and Motor Industries Co. Ltd., and entrepreneurial stints in HR, across industries. Her experience spans Change Management, Leadership Development and Human Resource Development.
In her last 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. She currently provides Strategic HR Advisory to several multinational and Indian organizations.
Hema has held several key industry positions. She was formerly the Chairperson for The Conference Board's HR Council of India and was a Member of the National Advisory Council of the National HRD Network of India. She has worked closely with industry bodies such as CII and NASSCOM 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
Mr. Atul C Choksey has done his Bachelor's in Chemical Engineering from Illinois Institute of Technology, Chicago, USA and has also done management courses in Finance, Personnel, Micro and Macro Economics, etc. He joined Asian Paints (India) Ltd as a Junior Executive in July, 1973. He was subsequently appointed as a Wholetime Director of the Company with effect from 1st May, 1979. He served as the Managing Director of the Company from 15th April, 1984 to 22nd August, 1997.
He is the Chairman of Apcotex Industries Ltd. and Apco Enterprises Ltd. as well as other group Companies. He is a member of the Asian Executive Board of the Wharton Business School of the University of Pennsylvania, Philadelphia, USA. From 1980 till 1997, he took active interest and held several positions in the Indian Paint Association (IPA) including the position of the President of the Association, a representative body of paint manufacturers in India.
He was the President of the Bombay Chamber of Commerce & Industry as well as Deputy President of Associated Chambers of Commerce & Industry of India for 1993 - 1994. He is also a Director on the Boards of Finolex Cables Ltd and CEAT Ltd and a Trustee of Shree Mahalakshmi Temple Trust.He has been on the Board of Directors of the Company since October 23, 2001.
Non-Executive and Independent
Mr.Nikhil Khattau is an experienced banker, entrepreneur and private equity investor who has built and invested in companies in India for the last 12 years. He is a Managing Partner at M F Advisors LLP and focuses on the financial services, retail and consumer services, discrete manufacturing, business services, power ancillary, and media sectors in India.
He is currently on the Board of Matrimony.com Pvt. Ltd. (India's largest matrimony portal), Geodesic Techniques (a hi-tech design and infrastructure company), Sohan Lal Commodity Management Pvt. Ltd. (an agriculture logistics company), North End Foods Pvt. Ltd., WannaMo Marketing Pvt. Ltd. (Deals and You) and Securens Systems Pvt. Ltd.
Nikhil was the founding CEO of SUN F&C Asset Management, one of the first private sector asset managers in India. At its peak as the fastest-growing asset manager, the firm had over $350 million under management and over 100,000 investors. Under his leadership, the firm successfully acquired two other funds, and built one of the top-ranked India funds. Nikhil successfully sold the business to the Principal Financial Group, USA in 2004.
Nikhil's prior experience includes working for Ernst & Young's Corporate Finance and Audit practices in New York and London from 1986-1995, where he successfully advised a number of mid-market companies on their acquisition and divestment strategies. He also helped set up the firm's investment banking advisory operation in Russia.
Nikhil received his Bachelor's degree in Commerce from Bombay University and is an associate of the Institute of Chartered Accountants in England and Wales.
Nikhil is on the national board of advisors of AIESEC in India.
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 Srilanka. 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.
Rajen MariwalaNon-Executive (Promoter)
Mr. Rajen Mariwala has done his Masters in Chemical Engineering from Cornell University, USA. He is currently the Managing Director of Hindustan Polyamides &Fibres 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.