Fire Side Chat On – “Harsh Realities”
Building A Culture of Innovation
Professionalizing A Family Managed Business
Leading With Purpose
Mr. Mariwala leads Marico Limited as its Chairman. He is also Chairman & Managing Director of Kaya Limited. Over the past three decades, Mr. Mariwala has transformed a traditional commodities driven business into a leading consumer products and services company in the Beauty and Wellness space. From a turnover of Rs. 50 Lakhs in 1971, Marico's products in hair nourishment, male grooming and healthy foods generated a turnover of INR 8,048 Crores (~USD 1.1 billion) in FY2020-21. Marico’s market capitalization stood at INR 53,113 crore (~USD 7.3 billion) on March 31, 2021.
Further, the Skin care and solutions business under Kaya generated turnover of INR 275 crores (~USD 38 million) in FY 2020-21. Under his leadership, Marico & Kaya have received more than 280 awards in the last few years.
Mr. Mariwala’s passion for innovation, enthused him to establish the Marico Innovation Foundation in 2003 which acts as a catalyst to fuel innovation in India. In 2012, Mr. Mariwala started ASCENT Foundation as a peer-to- peer platform for entrepreneurs which enables them to share and exchange experiences, ideas, insights. Sharrp Ventures is the Family Office of the Harsh Mariwala Family. They partner with unique businesses with a potential for significant growth. He also founded the Mariwala Health Initiative (MHI) in 2015, with the philanthropic aim of giving back to society. Mariwala Health Initiative (MHI) is the leading funding body in the field of mental health in India.
Why Mr. Mariwala?
Mr. Mariwala was recently awarded the All India Management Association (AIMA) Life-Time Achievement Award 2021. He was also bestowed the EY Entrepreneur of the year award 2020 for India which is the world's most prestigious business award for entrepreneurs.