Zydus Wellness

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Zydus Wellness Limited
Company type Public
NSE:  ZYDUSWELL
BSE:  531335
Industry Fast-moving consumer goods
Founded1994 [1]
Headquarters,
India
Key people
Sharvil Patel (Chairman)
Tarun Arora (CEO) [3]
ProductsGlucon-D, Sugar Free, EverYuth, Complan, and Nycil
RevenueIncrease2.svg2,255 crore (US$270 million) (FY23) [4]
Increase2.svg310 crore (US$37 million) (FY23) [4]
Owner Zydus Lifesciences (57.59%) [5]
Website www.zyduswellness.in

Zydus Wellness (previously Carnation Nutra-Analogue Foods) is an Indian consumer goods company headquartered in Ahmedabad, which produces nutrition and skincare products. It is a subsidiary of the pharmaceutical company Zydus Lifesciences (formerly known as Cadila Healthcare). Its brands include Glucon-D, Sugar Free, EverYuth, [6] Complan, and Nycil. [7] [8] The company operates three manufacturing plants, one in Gujarat and 2 in Sikkim. [9]

History

Carnation Nutra-Analogue Foods was founded in 1994 as a producer of dairy substitutes. Over the next decade, its margarine product Nutralite became the largest selling margarine brand in India. [10]

In 2006, Cadila Healthcare acquired a 14.96% stake in the company. [10] Cadila's stake in the company increased to over 70% in 2008, after the merger of Cadila's consumer goods business, which included sugar substitute brand Sugar Free and EverYuth range of skincare products, into Carnation. [11] The merged entity was then named as Zydus Wellness Limited in January 2009. [12] [13]

In 2009, the company began manufacturing men's grooming and skincare products. [12] [14] In 2011, Zydus Wellness launched its milk additive brand Actilife. [15]

In 2017, Zydus Wellness developed stevia products as part of its sugar substitute business. [16] In 2018, it launched its second sugar substitute brand called Sugarlite. [17] [18]

In January 2019, Zydus Wellness acquired a part of Heinz India's business for 4,595 crore (US$652.51 million), which included the health drink brand Complan, glucose-based energy drink additive Glucon D, talcum powder brand Nycil, and Sampriti Ghee. It also took over Heinz India's manufacturing facilities in Aligarh and Sitarganj. [19] [20] [21]

In 2020, Zydus Wellness began making hand sanitisers [22] and chocolate products. [23] [24]

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References

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