Dabur

Last updated

Dabur India Limited
Company type Public
ISIN INE016A01026
Industry Consumer goods
Founded1884;140 years ago (1884) in Kolkata, India
FounderS. K. Burman
Headquarters
Ghaziabad, Uttar Pradesh
,
India
Area served
Worldwide
Key people
Products
RevenueIncrease2.svg₹11,281 crore (US$1.4 billion) (FY22)
Increase2.svg₹2,309 crore (US$290 million) (FY22)
Increase2.svg₹1,744 crore (US$220 million) (FY22)
Total assets Increase2.svg₹9,354 crore (US$1.2 billion) (2020) [1]
OwnerBurman family (66.24%) [2]
Number of employees
7,740 (March 2020) [1]
Subsidiaries
Website www.dabur.com
Footnotes /references
[3]

Dabur Ltd is an Indian multinational consumer goods company, founded by S. K. Burman and headquartered in Ghaziabad. [4] It manufactures Ayurvedic medicine and natural consumer products, [5] and is one of the largest fast-moving consumer goods (FMCG) companies in India. [6] Dabur derives around 60% of its revenue from the consumer care business, 11% from the food business and remaining from the international business unit. [7]

Contents

History

Dabur was founded in Kolkata by Dr. S. K. Burman in 1884. In the mid-1880s, as an Ayurvedic practitioner in Kolkata, he formulated Ayurvedic medicines for diseases like cholera, constipation and malaria. [8] As a qualified physician, he went on to sell his medicines in Bengal on a bicycle. His patients started referring him and his medicines as "Dabur", a portmanteau of the words daktar (doctor) and Burman. [9] He later went on to mass-produce his Ayurvedic formulations.

C.L. Burman, set up Dabur's first R&D unit. Later, his grandson, G.C Burman was gherao-ed by his own workers during a labor unrest in Kolkata. Due to the unpleasant situation, G.C Burman decided to move the factory to Delhi, where his brothers later relocated. In Delhi, the business thrived and the company soon became headquartered there. In the words of business historian Sonu Bhasin "Calcutta's loss was Delhi's gain." [10]

The current chairman, Dr. Anand Burman, and vice-chairman Amit Burman, are part of the fifth generation of the family. They were among the first business families in India to separate ownership from management, when they handed over the management of the company to professionals in 1998. [8]

In 1997, Dabur set up a wholly-owned consumer goods subsidiary called Dabur Foods under which it launched its fruit juice brand called Real. [11] [12]

In 2022, Dabur acquired a 51% stake in the Indian spices company Badshah Masala for ₹588 crore. [13]

Pharma and healthcare

Dabur demerged its pharma business in 2003 [14] and hived it off into a separate company, Dabur Pharma Ltd. German company Fresenius SE bought a 73.27% equity share in Dabur Pharma in June 2008 at ₹76.50 a share.

Dabur International, a fully owned subsidiary of Dabur India formerly held shares in the UAE-based Weikfield International, which it sold in June 2012. [15]

Philanthropy

Dabur's Sustainable Development Society (Sundesh) is a non-profit organisation started by Burman that aims to carry out welfare activities in the spheres of health care, education and other socio-economic activities. Dabur drives its corporate social responsibility (CSR) initiatives through Sundesh. [16] [17]

The 2015 Brand Trust Report puts Dabur at 19th place. [18]

Controversy

Former executive director Pradip Burman was on the list of black money account holders on 27 October 2014 when the government published the list. Dabur rejected the black money charge. [19]

In December 2020, a report by the Centre for Science and Environment showed that Dabur Honey, along with other major brands' products, was adulterated with sugar syrup. [20]

Hajmola or Hazmola (transl. Digestion, from hazma/hajma) is an ayurvedic digestive tablet sold as a treatment for dyspepsia by Dabur under that name since the 1950s. A counterfeit of the product was trademarked by "Hilal Foods (Pvt.) Limited" (estb. 1986), [21] a Clifton, Karachi based company, in Pakistan which had been selling it since at least the 1980s. When Dabur began operating in Pakistan, it filed an intellectual property infringement suit against Hilal through its subsidiary which was ultimately settled by the Sindh High Court allowing both Hilal and Dabur to use the Hajmola trademark. [22]

See also

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References

  1. 1 2 "Dabur Ltd Results" (PDF). Dabur. Archived from the original (PDF) on 30 August 2021. Retrieved 2 November 2020.
  2. ↑ "Shareholding Pattern, 31st March 2021" (PDF). Archived (PDF) from the original on 27 May 2021.
  3. ↑ "Annual Report 2014-15". Dabur.com. Archived from the original on 5 February 2022. Retrieved 13 April 2017.
  4. ↑ "India's Most Trusted Brands". Archived from the original on 2 May 2015.
  5. ↑ "Dabur India History". economictimes.indiatimes.com.
  6. ↑ "The FMCG leader – Dabur". Outlook. Retrieved 19 June 2020.
  7. ↑ "Dabur Annual Report 2019–20" (PDF). Archived (PDF) from the original on 13 April 2021.
  8. 1 2 "How Dabur's Burmans Segregated Family and Business | Forbes India". Forbes India. Retrieved 27 July 2017.
  9. ↑ Bhasin, Sonu (18 October 2017). The Inheritors: Stories of Entrepreneurship and Success: Stories of Entrepreneurship and Success. Penguin Random House India Private Limited. ISBN   978-93-86815-95-8.
  10. ↑ Bhasin, Sonu (18 October 2017). The Inheritors: Stories of Entrepreneurship and Success: Stories of Entrepreneurship and Success. Penguin Random House India Private Limited. ISBN   978-93-86815-95-8.
  11. ↑ Menon, Bindu D. (22 March 2007). "A Real Twist in Dabur's plan". The Economic Times. Retrieved 14 February 2023.
  12. ↑ "The Risk That Worked". The Financial Express. 30 March 2009. Retrieved 14 February 2023.
  13. ↑ "Dabur buys 51% stake in Badshah Masala for Rs 588cr". The Times of India. 27 October 2022. Retrieved 14 February 2023.
  14. ↑ "www.icis.com/resources/news/2003/05/22/196152/dabur-india-demerges-pharma-business-from-fmcg-ops/". www.icis.com. Retrieved 2 August 2017.
  15. ↑ "Dabur subsidiary divests stake in UAE-based group firm Weikfield International". The Times Of India. 30 June 2012.
  16. ↑ "Making A Difference." Dabur India (Media centre). Accessed October 2011.
  17. ↑ Vats, Rachit (28 August 2011.) "Social branding." Archived 19 October 2011 at the Wayback Machine Hindustantimes.com. Accessed September 2011.
  18. ↑ Reporter, B. S. (25 February 2015). "Brand trust survey shows surprise gainers; Indian firms, too, make presence felt" . Retrieved 13 September 2016.
  19. ↑ "Dabur rejects black money charge against Pradip Burman, Lodhiya 'shocked' to see his name:News18 Videos". Ibnlive.in.com. 27 October 2014. Archived from the original on 29 October 2014. Retrieved 13 April 2017.
  20. ↑ Koshy, Jacob (2 December 2020). "10 out of 13 honey brands fail 'purity test', finds CSE investigation". The Hindu– via www.thehindu.com.
  21. ↑ "HILAL FOODS (PVT.) LIMITED". Open Corporates . Retrieved 20 September 2022.
  22. ↑ "The battle for Hajmola is almost over". Pakistan Today . 30 January 2021. Retrieved 20 September 2022.
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