Business Facts about Harsh Mariwala
“Innovation must help us achieve real breakthroughs – that changes lives in India and are recognized as new ways of thinking globally.” – Harsh Mariwala
Mr. Harsh Mariwala, Chairman & Managing Director, Marico Ltd. & Founder Member, Marico Innovation Foundation, founded the company in 1990 and transformed a traditional commodity-driven business into a leading Consumer Products & Services Company, in the Beauty and Wellness space. Mr. 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. In addition, Mr. Harsh Mariwala also mentors a group of young and upcoming entrepreneurs, in association with TiE – The Indus Entrepreneurs – a part of TiE’s Mentor Programme. In March 2011, Mr. Harsh Mariwala was elected as the President of Federation of Indian Chambers of Commerce and Industry (FICCI). He is also on the Board of Cadbury India Limited. In the past, he has held several positions as the FMCG Committee Chairman of FICCI and CII. Mr. Harsh Mariwala is also a part of the Young President Organization (YPO) and World Presidents Organization (WPO) and has held the position of YPO Education, Membership and Chapter Chair.
Marico Ltd is one of India’s leading Consumer Products & Services companies, in the Beauty and Wellness space. During 2010-11, Marico recorded a turnover of Rs. 31.3 bn through its products and services sold in India and over 25 overseas countries. Marico touches the lives of 1 out of every 4 Indians, through its portfolio of brands such as Parachute, Saffola, Hair & Care, Nihar, Mediker and Revive. Marico’s international portfolio includes brands like Fiancée, Haircode, Camelia, Aromatic, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, L’Ovite and Thuan Phat. It is also present in the Skin Care Solutions segment through Kaya Skin Clinics in India, the Middle East and Bangladesh and Derma Rx in Singapore. Marico’s focus on sustainable profitable growth is manifest through its consistent financial performance.
The 4th Marico Innovation Foundation awards take place on March 30. In an interaction with Anil Mascarenhas of IIFL, Mr. Mariwala says, “Innovation must help us achieve real breakthroughs – that changes lives in India and are recognized as new ways of thinking globally.”
Here are some Facts about Harsh Mariwala and his company Marico below,