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{{Short description|Indian multinational conglomerate}} | |||
{{Other uses}} | {{Other uses}} | ||
{{EngvarB|date=May 2014}} | {{EngvarB|date=May 2014}} | ||
{{Use dmy dates|date=May 2014}} | {{Use dmy dates|date=May 2014}} | ||
{{Infobox company | {{Infobox company | ||
|name | | name = Emami Group | ||
|logo | | logo = Emami logo 1.png | ||
|logo_size | | logo_size = 90px | ||
|caption | | caption = | ||
|type | | image = Shrachi and Emami Tower - 686 and 687 Anandapur - Eastern Metropolitan Bypass - Kolkata 2016-08-25 6121.JPG | ||
|genre | | image_caption = Shrachi and Emami Tower — the headquarters of Emami Limited on Eastern Metropolitan Bypass | ||
|fate | | type = Public | ||
|predecessor | | genre = | ||
|successor | | fate = | ||
|foundation | | predecessor = | ||
|founder | | successor = | ||
|defunct | | foundation = {{Start date and age|1974}} | ||
|location | | founder = {{ubl|[[Radhe Shyam Agarwal]]|[[Radhe Shyam Goenka]]}} | ||
|area_served | | defunct = | ||
|key_people | | location = [[Kolkata]], [[West Bengal]], India | ||
|industry | | area_served = | ||
|products | | key_people = {{ubl|Radhe Shyam Agarwal|Radhe Shyam Goenka}} | ||
|revenue | | industry = [[Conglomerate (company)|Conglomerate]] | ||
|production | | products = {{hlist|[[Fast-moving consumer goods|FMCG]]|[[Real Estate|real estate]]|[[healthcare]]|[[cement]]|[[retail]]|[[Publishing|print]]<ref name="Emami_01"/> }} | ||
|services | | revenue ={{increase}} {{INRConvert|20000|c}} (2021)<ref name="Emami_01">{{cite web|url=https://www.emamigroup.com/|title=Emami Group |website=emamigroup.com}}</ref> | ||
|operating_income = | | production = | ||
|net_income | | services = | ||
|aum | | operating_income = | ||
|assets | | net_income = | ||
|equity | | aum = | ||
|owner | | assets = | ||
|num_employees | | equity = | ||
|parent | | owner = | ||
|divisions | | num_employees = 25,000+ (2020)<ref name="Emami_01"/> | ||
|subsid | | parent = | ||
|homepage | | divisions = | ||
|footnotes | | subsid = | ||
|intl | | homepage = {{url|http://www.emamigroup.com/}} | ||
| footnotes = | |||
| intl = | |||
}} | }} | ||
'''Emami Group''' is an | '''Emami Group''' is an Indian multinational [[Conglomerate (company)|conglomerate]] company headquartered in [[Kolkata]], [[India]]. This group trades with their tag name '''Himani'''. The company has seven manufacturing units across India and one overseas unit. 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. Their most famous product is an antiseptic cream named '''Boro Plus''' which is widely used worldwide. The skin care deperment of company generated an overall revenue of {{INR}}2,655 crores in the financial year 2019–20 with an annual profit of {{INR}}639 crores.<ref>{{Cite web|title=Company's Annual Report 2019-20|url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|url-status=live}}</ref> 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, Mr. R.S. Agarwal and Mr. R.S. Goenka left their high-profile corporate jobs with the Birla Group to set up Kemco Chemicals, a cosmetic manufacturing unit in Kolkata, in 1974. Emami believes in the philosophy '''"Making people healthy and beautiful naturally".'''<ref>{{Cite web |title=The journey - Emami Ltd |url=http://www.emamiltd.in/about-us/3/the-journey.php |access-date=2021-06-07 |website=www.emamiltd.in}}</ref> The company '''r'''eported significant growth in modern trade and e-commerce revenues during the COVID-19 pandemic.<ref>{{Cite web |title=Company's Annual report 2019-20 |url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf |url-status=live}}</ref> It also re-launched Navratna Cool Talc and Zandu Pancharishta with improved formulation, packaging and communication. Emami Ltd. has also forayed into the hand sanitizer category as the demand for [[hand sanitizer]]s has shot up in the last few weeks due to the [[Coronavirus disease 2019|coronavirus]] crisis.<ref>{{Cite news |last=Mukherjee |first=Writankar |date=2020-06-18 |title=Emami enters soap, hand wash categories under Boroplus |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/cons-products/fmcg/emami-enters-soap-hand-wash-categories-under-boroplus/articleshow/76440875.cms |access-date=2020-06-18}}</ref><ref>{{Cite web |date=2020-04-16 |title=BoroPlus fame Emami debuts in hand sanitizer category as demand shoots due to coronavirus |url=https://www.financialexpress.com/industry/boroplus-fame-emami-debuts-in-hand-sanitizer-category-as-demand-shoots-due-to-coronavirus/1930229/ |access-date=2020-06-18 |website=The Financial Express |language=en-US}}</ref><ref>{{Cite web |title=Emami Boroplus forays into personal hygiene space |url=https://www.afaqs.com/companies/emami-boroplus-forays-into-personal-hygiene-space |access-date=2020-06-18 |website=afaqs!}}</ref> | |||
==Products== | ==Products== | ||
The company's power Brands include Navratna, BoroPlus, Zandu, Mentho Plus, Kesh King, Fair and Handsome. <ref>{{Cite web|title=Company's Annual report 2019-20|url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|url-status=live}}</ref> The company is well known in India for its fairness cream products for men.<ref name=hue/> | The company's power Brands include Navratna, BoroPlus, Zandu, Mentho Plus, Kesh King, Fair and Handsome.<ref>{{Cite web|title=Company's Annual report 2019-20|url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|url-status=live}}</ref> The company is well known in India for its fairness cream products for men.<ref name=hue/> | ||
''' | '''Emami's brands:'''<ref>{{Cite web|title=Company's Annual report 2019-20|url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|url-status=live}}</ref> | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
| Line 51: | Line 58: | ||
|- | |- | ||
|Navratna | |Navratna | ||
|1026 cr | |{{INR}}1026 cr | ||
|66.4% | |66.4% | ||
|- | |- | ||
|Boro Plus | |Boro Plus | ||
|645 cr | |{{INR}}645 cr | ||
|74.1% | |74.1% | ||
|- | |- | ||
|Zandu & Mentho Plus Balms | |Zandu & Mentho Plus Balms | ||
|1262 cr | |{{INR}}1262 cr | ||
|54.9% | |54.9% | ||
|- | |- | ||
|Kesh King | |Kesh King | ||
|991 cr | |{{INR}}991 cr | ||
|26.6% | |26.6% | ||
|- | |- | ||
|Men's Fairness Cream | |Men's Fairness Cream | ||
|401 cr | |{{INR}}401 cr | ||
|65.3% | |65.3% | ||
|} | |} | ||
In 2008, Emami acquired [[Zandu Pharmaceutical]] for ₹730 crores. The company merged Zandu FMCG into Emami and raised | In 2008, Emami acquired [[Zandu Pharmaceutical]] for ₹730 crores. The company merged Zandu FMCG into Emami and raised {{INR}}310 crores through [[Qualified institutional placement|QIP]]. The company became debt free within 2 years of the Zandu deal. The company's health products unit offers [[Patent medicine|tonic]]s for colds and coughs as well as [[nutraceutical]]s.<ref>{{cite news|url=http://sify.com/finance/nutraceuticals-make-it-to-the-grocery-shopping-list-news-default-jegr8Uebbga.html|archive-url=https://web.archive.org/web/20100919165942/http://sify.com/finance/nutraceuticals-make-it-to-the-grocery-shopping-list-news-default-jegr8Uebbga.html|url-status=dead|archive-date=19 September 2010|title=Nutraceuticals make it to the grocery shopping list|last=Golikeri|first=Priyanka |date=24 May 2008|work =DNA MONEY |access-date=19 January 2010}}</ref> | ||
The company's health products unit offers [[Patent medicine|tonic]]s for colds and coughs as well as [[nutraceutical]]s.<ref>{{cite news|url=http://sify.com/finance/nutraceuticals-make-it-to-the-grocery-shopping-list-news-default-jegr8Uebbga.html|archive-url=https://web.archive.org/web/20100919165942/http://sify.com/finance/nutraceuticals-make-it-to-the-grocery-shopping-list-news-default-jegr8Uebbga.html|url-status=dead|archive-date=19 September 2010|title=Nutraceuticals make it to the grocery shopping list|last=Golikeri|first=Priyanka |date=24 May 2008|work= | |||
The company acquired [[Splash Corporation]] for | It forayed into men's deodorant market by launching HE brand of deodorants. [[Hrithik Roshan]] was appointed as brand ambassador for HE brand.<ref>{{cite news|url=http://www.thehindubusinessline.com/companies/emami-enters-deodorant-market/article6097488.ece|title=Emami enters deodorant market}}</ref> The company acquired [[Splash Corporation]] for {{INR}}200 crore.<ref>{{cite news|url=http://www.sharekhan.com/stock-market/news/Emami-to-acquire-Philippines-based-Splas/6abfe45a-bd35-4790-be08-e94bd636d224/MustKnowNews/161/News.htm|title=Emami to acquire Philippines based Splash Corp|date=11 October 2013|work=Sharekhan|access-date=9 November 2015}}</ref> A German personal care brand [[Creme 21]] has been acquired by Emami for {{INR}}100 crores in Feb 2019.<ref>{{cite news|url=https://business.medicaldialogues.in/emami-acquires-german-brand-creme-21-for-rs-100-crore/|title=Emami acquires German brand Creme 21 for Rs 100 crore|date=2 February 2019|work=Medical Dialogues|access-date=2 February 2019}}</ref> In March 2022, Emami acquired the ''Dermicool'' brand from the [[United Kingdom|UK]]-headquartered company, [[Reckitt]] for Rs 4.32 billion (£43 million).<ref>{{Cite web |date=2022-03-28 |title=Emami acquires Dermicool brand from Reckitt |url=https://www.easterneye.biz/emami-acquires-dermicool-brand-from-reckitt/ |access-date=2022-03-28 |website=EasternEye |language=en-GB}}</ref> | ||
== Shareholding pattern == | |||
== Shareholding | |||
{| class="wikitable" | {| class="wikitable" | ||
!Shareholders (as on 31 March 2021) | !Shareholders (as on 31 March 2021) | ||
| Line 109: | Line 107: | ||
===Hospital fire=== | ===Hospital fire=== | ||
In the early morning of 9 December 2011, an [[AMRI Hospitals|AMRI Hospital]] in south | In the early morning of 9 December 2011, an [[AMRI Hospitals|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.<ref name="IANS2016">{{cite news|title=AMRI Hospital tragedy: Kolkata court frames charges|url=http://indianexpress.com/article/cities/kolkata/amri-hospital-tragedy-kolkata-court-frames-charges-2887133/|access-date=29 August 2016|work=Indian Express|agency=[[Indo-Asian News Service]]|date=1 July 2016}}</ref> The following day, the license for the hospital was canceled, and the Chief Minister of [[West Bengal]] ordered a judicial inquiry into the incident.<ref name="NDTV2011">{{cite news|last1=NDTV Correspondent|title=Kolkata hospital fire: Mamata Banerjee orders judicial inquiry|url=http://www.ndtv.com/india-news/kolkata-hospital-fire-mamata-banerjee-orders-judicial-inquiry-566949|access-date=29 August 2016|work=[[NDTV]]|publisher=NDTV Convergence Limited|date=10 December 2011}}</ref> Allegedly, the fire was triggered by flammable chemicals that were stored at the site.<ref name="NDTV2011"/><ref name="EconTimes2011">[http://economictimes.indiatimes.com/news/politics/nation/amri-hospital-fire-emami-boss-rs-goenka-and-partner-sk-todi-among-6-held/articleshow/11052168.cms], Economic Times, 10 December 2011</ref> Rescue efforts were hampered by the narrowness and congestion of the road leading to the hospital,<ref name="NDTV2011"/> and the allegations that all of the windows and doors were locked<ref name="NDTV2011"/> and that the fire alarms and sprinklers installed at the hospital did not work during the fire.<ref name="EconTimes2011"/> | ||
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]].<ref name="NDTV2011"/> 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.<ref name="NDTV2011"/> Ultimately a total of 16 people stood accused in the courts in July 2016, including the board members and several directors of the hospital.<ref name="IANS2016"/> 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.<ref name="IANS2016"/> Additional charges were laid under Section 308 (attempt to commit culpable homicide) and Section 38 (effect caused partly by act and partly by omission).<ref name="IANS2016"/> | 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]].<ref name="NDTV2011"/> 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.<ref name="NDTV2011"/> Ultimately a total of 16 people stood accused in the courts in July 2016, including the board members and several directors of the hospital.<ref name="IANS2016"/> 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.<ref name="IANS2016"/> Additional charges were laid under Section 308 (attempt to commit culpable homicide) and Section 38 (effect caused partly by act and partly by omission).<ref name="IANS2016"/> | ||
The fire was recorded as the largest hospital tragedy in India at the time.<ref name="EconTimes2011"/> | The fire was recorded as the largest hospital tragedy in India at the time.<ref name="EconTimes2011"/> | ||
==Sporting affiliation== | |||
* [[East Bengal Club]] of [[Indian Super League]] (2022–present) | |||
==References== | ==References== | ||