Emami
 | |
 Shrachi and Emami Tower — the headquarters of Emami Limited on Eastern Metropolitan Bypass | |
| Company type | Public |
|---|---|
| Industry | Conglomerate |
| Founded | 1974 |
| Founder | |
| Headquarters | Kolkata,West Bengal,India |
Key people |
|
| Products | |
| Revenue |  ₹34,000 crore(US$4.1 billion) (2023)[1] |
Number of employees | 25,000+ (2020)[1] |
| Website | www |
Emami Groupis an Indian multinationalconglomerateheadquartered inKolkata.The company caters to a number of niche categories in the personal care and healthcare segments.
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
[edit]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 theBirla Groupto 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 forhand sanitizersshot up due to thecoronaviruscrisis.[6][7][8]
Products
[edit]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 Size | Emami's Market share | |
|---|---|---|
| Navratna | ₹1026 cr | 66.4% |
| Boro Plus | ₹645 cr | 74.1% |
| Zandu & Mentho Plus Balms | ₹1262 cr | 54.9% |
| Kesh King | ₹991 cr | 26.6% |
| Fair And Handsome | ₹401 cr | 65.3% |
In 2008, Emami acquiredZandu Pharmaceuticalfor ₹730 crores. The company merged Zandu FMCG into Emami and raised₹310 crores throughQIP.[citation needed]The company became debt free within 2 years of the Zandu deal. The company's health products unit offerstonicsfor colds and coughs as well asnutraceuticals.[12]
It forayed into men's deodorant market by launching HE brand of deodorants.Hrithik Roshanwas appointed as brand ambassador for HE brand.[13]The company acquiredSplash Corporationfor₹200 crore.[14]A German personal care brandCreme 21was acquired by Emami for₹100 crores in February 2019.[15]In March 2022, Emami acquired theDermicoolbrand from theUK-headquartered company,Reckittfor ₹432 crores (£43 million).[16]
Shareholding pattern
[edit]| Shareholders (as on 31 March 2021) | Shareholding |
|---|---|
| Promoter and promoter group | 53.85% |
| Institutions | 36.91% |
| Non Institutions | 9.24% |
| Total | 100% |
Controversies
[edit]Fair and Handsome
[edit]In 2007, the company attracted controversy with an advertisement for itsskin whiteningcream 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
[edit]In the early morning of 9 December 2011, anAMRI Hospitalin south Kolkata'sDhakuriadistrict 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 ofWest Bengalordered 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 inAlipore.[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
[edit]- East Bengal(2022–present)
References
[edit]- ^abc"Emami: Revenue 2023".
- ^"Company's Annual Report 2019-20"(PDF).Archived fromthe original(PDF)on 28 January 2023.Retrieved7 June2021.
- ^"The journey - Emami Ltd".emamiltd.in.Retrieved7 June2021.
- ^"40 Years Ago... And now: Connecting with the mass consumer".Business Standard.Retrieved16 October2023.
- ^"Company's Annual report 2019-20"(PDF).Archived fromthe original(PDF)on 28 January 2023.Retrieved7 June2021.
- ^Mukherjee, Writankar (18 June 2020)."Emami enters soap, hand wash categories under Boroplus".The Economic Times.Retrieved18 June2020.
- ^"BoroPlus fame Emami debuts in hand sanitizer category as demand shoots due to coronavirus".The Financial Express.16 April 2020.Retrieved18 June2020.
- ^"Emami Boroplus forays into personal hygiene space".afaqs!.18 June 2020.Retrieved18 June2020.
- ^"Company's Annual report 2019-20"(PDF).Archived fromthe original(PDF)on 28 January 2023.Retrieved7 June2021.
- ^abIndia's hue and cry over paler skin,The Daily Telegraph,1 July 2007
- ^"Company's Annual report 2019-20"(PDF).Archived fromthe original(PDF)on 28 January 2023.Retrieved7 June2021.
- ^Golikeri, Priyanka (24 May 2008)."Nutraceuticals make it to the grocery shopping list".DNA MONEY.Archived fromthe originalon 19 September 2010.Retrieved19 January2010.
- ^"Emami enters deodorant market".
- ^"Emami to acquire Philippines based Splash Corp".Sharekhan.11 October 2013.Retrieved9 November2015.[permanent dead link]
- ^"Emami acquires German brand Creme 21 for Rs 100 crore".Medical Dialogues.2 February 2019.Retrieved2 February2019.
- ^"Emami acquires Dermicool brand from Reckitt".EasternEye.28 March 2022.Retrieved28 March2022.
- ^[1],DNA, 31 July 2013
- ^[2]The Atlantic, 5 August 2013
- ^[3],The Guardian, 14 August 2013
- ^[4],Business Standard, 14 November 2013
- ^abcd"AMRI Hospital tragedy: Kolkata court frames charges".Indian Express.Indo-Asian News Service.1 July 2016.Retrieved29 August2016.
- ^abcdefNDTV Correspondent (10 December 2011)."Kolkata hospital fire: Mamata Banerjee orders judicial inquiry".NDTV.NDTV Convergence Limited.Retrieved29 August2016.
{{cite news}}:|last1=has generic name (help) - ^abc[5],Economic Times, 10 December 2011
