Emami

Last updated

Emami Group
TypePublic
Industry Conglomerate
Founded1974;49 years ago (1974)
Founder
Headquarters Kolkata, West Bengal, India
Key people
  • Radhe Shyam Agarwal
  • Radhe Shyam Goenka
Products
RevenueIncrease2.svg₹34,000 crore (US$4.3 billion) (2023) [1]
Number of employees
25,000+ (2020) [1]
Website www.emamigroup.com

Emami Group is an Indian multinational conglomerate headquartered in Kolkata. The company caters to a number of niche categories in the personal care and healthcare segments.

Contents

The company's products are sold across 60+ nations and are available in 4.5 million retail outlets across India. The company has seven manufacturing units across India and one overseas unit. Among its prominent brands is antiseptic cream named BoroPlus. The company's skin care division generated an overall revenue of ₹2,655 crores in the financial year 2019–20 with an annual profit of ₹639 crores. [2] The total group revenue of the company stands at ₹20,000 crores.

History

The inception of Emami Group took place way back in mid-seventies, in West Bengal, when two childhood friends, R.S. Agarwal and R.S. Goenka left their corporate jobs with the Birla Group to set up Kemco Chemicals, a cosmetic manufacturing unit in Kolkata, in 1974. [3] In 1978, it acquired the agri-product company Himani. [4]

The company reported significant growth in modern trade and e-commerce revenues during the COVID-19 pandemic. [5] It also re-launched Navratna Cool Talc and Zandu Pancharishta with a different formulation, packaging and communication. Emami also forayed into the hand sanitizer category as the demand for hand sanitizers shot up due to the coronavirus crisis. [6] [7] [8]

Products

The company's brands include Navratna, BoroPlus, Zandu, Mentho Plus, Kesh King, Fair and Handsome. [9] The company is a major player in fairness cream products for men. [10]

Emami's brands: [11]

Category SizeEmami's Market share
Navratna₹1026 cr66.4%
Boro Plus₹645 cr74.1%
Zandu & Mentho Plus Balms₹1262 cr54.9%
Kesh King₹991 cr26.6%
Fair And Handsome₹401 cr65.3%

In 2008, Emami acquired Zandu Pharmaceutical for ₹730 crores. The company merged Zandu FMCG into Emami and raised ₹310 crores through QIP.[ citation needed ] The company became debt free within 2 years of the Zandu deal. The company's health products unit offers tonics for colds and coughs as well as nutraceuticals. [12]

It forayed into men's deodorant market by launching HE brand of deodorants. Hrithik Roshan was appointed as brand ambassador for HE brand. [13] The company acquired Splash Corporation for ₹200 crore. [14] A German personal care brand Creme 21 was acquired by Emami for ₹100 crores in February 2019. [15] In March 2022, Emami acquired the Dermicool brand from the UK-headquartered company, Reckitt for ₹432 crores (£43 million). [16]

Shareholding pattern

Shareholders (as on 31 March 2021)Shareholding
Promoter and promoter group53.85%
Institutions36.91%
Non Institutions9.24%
Total100%

Controversies

Fair and Handsome

In 2007, the company attracted controversy with an advertisement for its skin whitening cream for men, Fair and Handsome. Emami and the star of the campaign, Shahrukh Khan, were accused of perpetuating racism. [10]

In July 2013, WOW a Chennai-based NGO launched a campaign against Emami asking them to remove the Fair and Handsome advertisement starring Khan, saying that it is discriminating against people on the basis of skin color. [17] [18] The campaign has been supported by celebrities like Nandita Das [19] Tannishta Chatterjee. More than 22,000 people have signed an online petition launched by them. [20]

Hospital fire

In the early morning of 9 December 2011, an AMRI Hospital in south Kolkata's Dhakuria district erupted in fire, leading to the deaths of 92 people – mostly critically ill patients, many of them suffocating in their sleep. [21] The following day, the license for the hospital was canceled, and the Chief Minister of West Bengal ordered a judicial inquiry into the incident. [22] Allegedly, the fire was triggered by flammable chemicals that were stored at the site. [22] [23] Rescue efforts were hampered by the narrowness and congestion of the road leading to the hospital, [22] and the allegations that all of the windows and doors were locked [22] and that the fire alarms and sprinklers installed at the hospital did not work during the fire. [23]

Seven members of the hospital's board were arrested the same day, and were remanded to police custody until 20 December by the court of the Chief Judicial Magistrate in Alipore. [22] Among the seven arrested were Agarwal and Goenka, founders of Emami and directors of the hospital chain, who were charged with negligently causing the deaths. [22] Ultimately a total of 16 people stood accused in the courts in July 2016, including the board members and several directors of the hospital. [21] Amongst the charges were culpable homicide not amounting to murder under section 304 of the Indian Penal Code, which carries a maximum sentence of 10 years' imprisonment in cases where the criminal actions are undertaken knowingly but without the intention to cause death. [21] Additional charges were laid under Section 308 (attempt to commit culpable homicide) and Section 38 (effect caused partly by act and partly by omission). [21]

The fire was recorded as the largest hospital tragedy in India at the time. [23]

Sporting affiliation

Related Research Articles

<span class="mw-page-title-main">Zee Entertainment Enterprises</span> Indian media conglomerate

Zee Entertainment Enterprises (ZEEL) is an Indian media conglomerate. Headquartered in Mumbai, it has interests in television, print, internet, film, and businesses related to mobile content, and operates 45 channels worldwide.

New Delhi Television Ltd is an Indian news media company focusing on broadcast and digital news publication. The company is considered to be a legacy brand that pioneered independent news broadcasting in India, and is credited for launching the first 24x7 news channel and the first lifestyle channel in the country. It owns and operates the broadcast news channels of NDTV India and NDTV 24x7. The two channels of the company have received 32 Ramnath Goenka Excellence in Journalism Awards.

<span class="mw-page-title-main">Hindustan Petroleum</span> Subsidiary of Oil and Natural Gas Corporation

Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai, and a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India.

<span class="mw-page-title-main">Marico</span> Indian consumer goods company

Marico Limited is an Indian multinational consumer goods company providing consumer products and services in the areas of health, beauty and wellness. With its headquarters in Mumbai, Marico is present in over 25 countries across Asia and Africa. It owns brands in categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care.

<span class="mw-page-title-main">Creme 21</span>

Creme 21 is a German-origin skincare brand which was founded in 1967 by Henkel. It is now owned by an Indian conglomerate company, Emami, and is based in Bad Homburg vor der Höhe, Hesse, Germany.

Indian Express Limited (IEL) is an Indian news media publishing company which was bought by Ramnath Goenka in 1932 from the monies of capitalists partner Raja Mohan Prasad and is held in trust by the current legal heirs for the family of Raja Mohan Prasad as per the trust deed given by Ramnath Goenka to Raja Mohan Prasad. In publishes several widely circulated dailies, including The Indian Express and The Financial Express in English, the Loksatta in Marathi and the Jansatta in Hindi. The company's newspapers are published from over a dozen cities daily, including New Delhi, Mumbai, Ahmedabad, Bengaluru, Kolkata, Pune, Chandigarh, Hyderabad, Kochi, Lucknow, Jaipur, Nagpur, Vadodara and Chennai. Its weekly entertainment magazine Screen, covering Indian film industry, also has a popular following.

<span class="mw-page-title-main">AMRI Hospitals</span> Hospital chain in India and Bangladesh

AMRI Hospitals is a for-profit private hospital chain which is headquartered in the city of Kolkata, West Bengal, India. In September 2023, Manipal Hospitals acquired a majority stake (84%) in the company.

<span class="mw-page-title-main">Adani Enterprises</span> Indian multinational holding company

Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.

<span class="mw-page-title-main">NBCC (India) Limited</span> Central Public Sector Undertaking

NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a company that is a public sector undertaking (PSU) under the Ministry of Housing and Urban Affairs, Government of India.

<span class="mw-page-title-main">Mankind Pharma</span> Indian pharmaceutical and healthcare products company

Mankind Pharma is an Indian pharmaceutical and healthcare products company, headquartered in Delhi. The company has products in therapeutic areas ranging from antibiotics, to gastrointestinal, cardiovascular, dermal, and erectile dysfunction medications.

<span class="mw-page-title-main">IndiaMART</span> Indian e-commerce company

IndiaMART InterMESH Ltd is an Indian e-commerce company headquartered in Noida. It provides B2B and customer to customer sales services via its web portal. The company began in 1996 when Dinesh Agarwal and Brijesh Agrawal founded the website IndiaMART.com, a business-to-business portal to connect Indian manufacturers with buyers.

Radhe Shyam Agarwal is an Indian entrepreneur, co-founder and executive chairman of Emami, a global group of company engaged in the business of FMCG, paper, real estate, edible oils, health care and cement. Radhe is among the top 100 richest Indians and was listed by Forbes as having a net worth of $1.43 billion in 2015.

Radhe Shyam Goenka is an Indian entrepreneur, co-founder and whole time Director of Emami, a diversified business conglomerate engaged in the business of FMCG, paper, real estate, edible oil & bio-diesel, health care cement, pharma retail, book & leisure retail, solar power and contemporary art. Radhe is among the top 100 richest Indians and listed on Forbes world's billionaire.

<span class="mw-page-title-main">Justdial</span> Indian Internet technology company

Justdial is an Indian internet technology company that provides local search for different services in India over the phone, website and mobile apps. Founded in 1996 by V. S. S. Mani, the company is headquartered in Mumbai, India. In addition to its headquarters, Justdial has offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, New Delhi, Hyderabad, Jaipur, Kolkata, and Pune. In 2020, Justdial had 10,984 employees, and a database of approximately 29.4 million listings and 536,236 active paid campaigns. On 16 July 2021, Reliance Retail acquired a 66.95% stake in Justdial for ₹3,497 crores.

The 2011 AMRI Hospital fire was a major fire at a private hospital in Dhakuria, Kolkata, that occurred in the early morning of 9 December 2011. The hospital is part of a private hospital chain owned by the Emami & Sarachi group, known as AMRI Hospitals. The fire claimed 89 victims and was thought to have been caused by a short circuit in the basement. The spread of the fire was aided by the illegal storage of flammable material in the basement of the hospital. After the incident the directors of the hospital were taken into custody. They were said to have caused the fire due to inattention of the hospital staff, workers, cleaners, and nurses.

<span class="mw-page-title-main">Manipal Hospitals</span> Indian hospital chain

Manipal Health Enterprises, commonly known as Manipal Hospitals, is a chain of multi-specialty hospitals in India. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953. Manipal Hospitals is the second largest healthcare provider in India, with a network of 28 hospitals. Manipal Hospitals is part of the Manipal Education and Medical Group.

<span class="mw-page-title-main">Zydus Wellness</span> Indian consumer goods company

Zydus Wellness 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. Its brands include Glucon-D, Sugar Free, EverYuth, Complan and Nycil. The company operates three manufacturing plants, one in Gujarat and 2 in Sikkim.

<span class="mw-page-title-main">RP-Sanjiv Goenka Group</span> Indian multinational company

RP-Sanjiv Goenka Group is an Indian multinational conglomerate headquartered in Kolkata. The founding was the result of a divesture by RPG Enterprises in 2011. The Group's businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, infrastructure and education.

Allied Blenders & Distillers is an Indian-made foreign liquor company, headquartered in Mumbai, India. It is a major distributor of whiskey, rum, vodka, brandy and other spirits, and exports to 22 countries around the world.

References

  1. 1 2 3 https://www.statista.com/statistics/1075187/india-net-revenue-of-emami/#:~:text=The%20revenue%20generated%20by%20the,rupees%20in%20financial%20year%202023. {{cite web}}: Missing or empty |title= (help)
  2. ↑ "Company's Annual Report 2019-20" (PDF).
  3. ↑ "The journey - Emami Ltd". www.emamiltd.in. Retrieved 7 June 2021.
  4. ↑ "40 Years Ago... And now: Connecting with the mass consumer". Business Standard. Retrieved 16 October 2023.
  5. ↑ "Company's Annual report 2019-20" (PDF).
  6. ↑ Mukherjee, Writankar (18 June 2020). "Emami enters soap, hand wash categories under Boroplus". The Economic Times. Retrieved 18 June 2020.
  7. ↑ "BoroPlus fame Emami debuts in hand sanitizer category as demand shoots due to coronavirus". The Financial Express. 16 April 2020. Retrieved 18 June 2020.
  8. ↑ "Emami Boroplus forays into personal hygiene space". afaqs!. Retrieved 18 June 2020.
  9. ↑ "Company's Annual report 2019-20" (PDF).
  10. 1 2 India's hue and cry over paler skin, The Daily Telegraph, 1 July 2007
  11. ↑ "Company's Annual report 2019-20" (PDF).
  12. ↑ Golikeri, Priyanka (24 May 2008). "Nutraceuticals make it to the grocery shopping list". DNA MONEY. Archived from the original on 19 September 2010. Retrieved 19 January 2010.
  13. ↑ "Emami enters deodorant market".
  14. ↑ "Emami to acquire Philippines based Splash Corp". Sharekhan. 11 October 2013. Retrieved 9 November 2015.
  15. ↑ "Emami acquires German brand Creme 21 for Rs 100 crore". Medical Dialogues. 2 February 2019. Retrieved 2 February 2019.
  16. ↑ "Emami acquires Dermicool brand from Reckitt". EasternEye. 28 March 2022. Retrieved 28 March 2022.
  17. ↑ , DNA, 31 July 2013
  18. ↑ The Atlantic, 5 August 2013
  19. ↑ , The Guardian, 14 August 2013
  20. ↑ , Business Standard, 14 November 2013
  21. 1 2 3 4 "AMRI Hospital tragedy: Kolkata court frames charges". Indian Express. Indo-Asian News Service. 1 July 2016. Retrieved 29 August 2016.
  22. 1 2 3 4 5 6 NDTV Correspondent (10 December 2011). "Kolkata hospital fire: Mamata Banerjee orders judicial inquiry". NDTV . NDTV Convergence Limited. Retrieved 29 August 2016.
  23. 1 2 3 , Economic Times, 10 December 2011
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.