Emami
{{Short description|Indian multinational conglomerate}}
{{Other uses}}
{{use Indian English|date=May 2014}}
{{Use dmy dates|date=May 2014}}
{{Infobox company
| name = Emami Group
| logo = Emami logo.svg
| logo_size =
| caption =
| image = Shrachi and Emami Tower - 686 and 687 Anandapur - Eastern Metropolitan Bypass - Kolkata 2016-08-25 6121.JPG
| image_caption = Shrachi and Emami Tower — the headquarters of Emami Limited on Eastern Metropolitan Bypass
| type = Public
| genre =
| fate =
| predecessor =
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| foundation = {{Start date and age|1974}}
| founder = {{ubl|Radhe Shyam Agarwal|Radhe Shyam Goenka}}
| defunct =
| location = Kolkata, West Bengal, India
| area_served =
| key_people = {{ubl|Radhe Shyam Agarwal|Radhe Shyam Goenka}}
| industry = Conglomerate
| products = {{hlist|FMCG|real estate|healthcare|cement|retail|print }}
| revenue = {{increase}} {{INRConvert|44000|c}} (2023){{cite web|url=https://www.statista.com/statistics/1075187/india-net-revenue-of-emami/#:~:text=The%20revenue%20generated%20by%20the,rupees%20in%20financial%20year%202023. | title=Emami: Revenue 2023 }}
| production =
| services =
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| aum =
| assets =
| equity =
| owner =
| num_employees = 25,000+ (2020)
| parent =
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| subsid =
| homepage = {{url|http://www.emamigroup.com/}}
| footnotes =
| intl =
}}
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.
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 {{INR}}2,655 crores in the financial year 2019–20 with an annual profit of {{INR}}639 crores.{{Cite web|title=Company's Annual Report 2019-20|url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|access-date=7 June 2021|archive-date=28 January 2023|archive-url=https://web.archive.org/web/20230128201627/https://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|url-status=dead}} 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.{{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}} In 1978, it acquired the agri-product company Himani.{{cite news |title=40 Years Ago... And now: Connecting with the mass consumer |url=https://www.business-standard.com/article/management/40-years-ago-and-now-connecting-with-the-mass-consumer-114092800748_1.html |access-date=16 October 2023 |work=Business Standard}}
The company reported significant growth in modern trade and e-commerce revenues during the COVID-19 pandemic.{{Cite web |title=Company's Annual report 2019-20 |url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf |access-date=7 June 2021 |archive-date=28 January 2023 |archive-url=https://web.archive.org/web/20230128201627/https://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf |url-status=dead }} 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.{{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}}{{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}}{{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!|date=18 June 2020 }}
Products
The company's brands include Navratna, BoroPlus, Zandu, Mentho Plus, Kesh King, Fair and Handsome.{{Cite web|title=Company's Annual report 2019-20|url=http://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|access-date=7 June 2021|archive-date=28 January 2023|archive-url=https://web.archive.org/web/20230128201627/https://www.emamiltd.in/images/annualreportpdf/20200825100100small460.pdf|url-status=dead}} The company is a major player in fairness cream products for men.
| class="wikitable"
|+ ! !Category Size !Emami's Market share |
| Navratna
|{{INR}}1026 cr |66.4% |
| Boro Plus
|{{INR}}645 cr |74.1% |
| Zandu & Mentho Plus Balms
|{{INR}}1262 cr |54.9% |
| Kesh King
|{{INR}}991 cr |26.6% |
| Fair And Handsome
|{{INR}}401 cr |65.3% |
In 2008, Emami acquired Zandu Pharmaceutical for ₹730 crores. The company merged Zandu FMCG into Emami and raised {{INR}}310 crores through QIP.{{Citation needed|date=October 2023}} 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.{{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}}
It forayed into men's deodorant market by launching HE brand of deodorants. Hrithik Roshan was appointed as brand ambassador for HE brand.{{cite news|url=http://www.thehindubusinessline.com/companies/emami-enters-deodorant-market/article6097488.ece|title=Emami enters deodorant market}} The company acquired Splash Corporation for {{INR}}200 crore.{{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}}{{Dead link|date=February 2024 |bot=InternetArchiveBot |fix-attempted=yes }} A German personal care brand Creme 21 was acquired by Emami for {{INR}}100 crores in February 2019.{{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}} In March 2022, Emami acquired the Dermicool brand from the UK-headquartered company, Reckitt for ₹432 crores (£43 million).{{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}}
Shareholding pattern
| class="wikitable"
!Shareholders (as on 31 March 2021) !Shareholding |
| Promoter and promoter group
|53.85% |
| Institutions
|36.91% |
| Non Institutions
|9.24% |
| Total
|100% |
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.[https://www.telegraph.co.uk/news/worldnews/1556188/Indias-hue-and-cry-over-paler-skin.html India's hue and cry over paler skin], The Daily Telegraph, 1 July 2007
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.[http://www.dnaindia.com/lifestyle/report-online-petition-urges-shah-rukh-khan-emami-to-stop-advertising-fairness-products-1868161], DNA, 31 July 2013[https://www.theatlantic.com/international/archive/2013/08/can-advertising-change-indias-obsession-with-fair-skin/278367/] The Atlantic, 5 August 2013 The campaign has been supported by celebrities like Nandita Das[https://www.theguardian.com/world/shortcuts/2013/aug/14/indias-dark-obsession-fair-skin], The Guardian, 14 August 2013 Tannishta Chatterjee. More than 22,000 people have signed an online petition launched by them.[http://www.business-standard.com/article/news-ians/tannishtha-joins-campaign-against-fairness-cream-ad-113111400542_1.html], Business Standard, 14 November 2013
=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.{{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}} The following day, the license for the hospital was canceled, and the Chief Minister of West Bengal ordered a judicial inquiry into the incident.{{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}} Allegedly, the fire was triggered by flammable chemicals that were stored at the site.[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 Rescue efforts were hampered by the narrowness and congestion of the road leading to the hospital, and the allegations that all of the windows and doors were locked and that the fire alarms and sprinklers installed at the hospital did not work during the fire.
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. 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. Ultimately a total of 16 people stood accused in the courts in July 2016, including the board members and several directors of the hospital. 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. Additional charges were laid under Section 308 (attempt to commit culpable homicide) and Section 38 (effect caused partly by act and partly by omission).
The fire was recorded as the largest hospital tragedy in India at the time.
Sporting affiliation
- East Bengal (2022–present)
References
{{Reflist}}
External links
- {{Official}}
{{Nifty 200 companies}}
{{Authority control}}
Category:manufacturing companies based in Kolkata
Category:Conglomerate companies established in 1974
Category:Cosmetics companies of India
Category:Companies listed on the National Stock Exchange of India
Category:Companies listed on the Bombay Stock Exchange