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Grande Palladium, 175, CST Road, Kolivery Village, MMRDA Area, Kalina, Santacruz East, Mumbai, Maharashtra 400098, India
Indiawww.marico.comSales: $902 million
Key Personnel: Saugata Gupta, managing director and chief executive officer, Marico Limited; Pawan Agrawal, chief financial officer; Somasree Bose Awasthi, chief marketing officer; Shilpa Vora, chief R&D officer; Sanjay Mishra, chief operating officer-India business and chief executive officer-new business; Amit Bhasin, chief legal officer and group general counsel; Amit Prakash, chief human resource officer; Ashish Goupal, chief executive officer and managing director of Marico Bangladesh Limited; Vaibhav Bhanchawat, chief operating officer, South East Asia, South Africa; Vrijesh Nagathan, chief information and digital technology officer
Major Products: Beauty, personal care and wellness products sold by Livon, Parachute Advansed, Set Wet, Saffola, ImmuniVeda, Hair & Care, Nihar Naturals, Coco Soul and Beardo
New Products: Parachute Advanced Onion Hair Growth Oil; Purite de Provence and Oli (acquisitions)
Comments: Marico, based in Mumbai, is one of India’s leading consumer goods companies. It is active in the global beauty and wellness space but also manufactures and markets supplements and food products. All told, Marico contends it touches the lives of one out of every three Indians through its portfolio. The company has seven factories across India and a presence in 25 countries including emerging markets in Asia and Africa.
Earlier this year, Marico outlined its plans to achieve net zero emissions in its global operations by 2040. To accomplish this goal, the company said it will introduce multiple sustainability initiatives across its global operations with a view of curbing GHG emissions and promoting a carbon-neutral business agenda. Globally, it aims to transition to 100% certified carbon neutral operations, utilizing 100% renewable energy for electrical and thermal requirements while reducing direct GHG emissions across global footprint. Marico will also move to sustainably built environments across its offices and major operational units. Further, it will integrate carbon neutrality measures across all existing and future product configurations and processes, conducting a thorough analysis of business risks and opportunities to create strategies that enable its transition to net-zero operations. Marico also plans to make significant investments in low-carbon innovations and systems to accelerate the decarbonization of its operational footprint.
Sales: $902 million
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