Organization Profile & History of Marico

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Organization Profile

History of Marico

The history of Marico can be traced all the way back to 1857, when a young man Kanji Moorarji, set up a modest trade in spices which, in time, grew to include other export worthy commodities. This firm's success gave birth to The Bombay Oil Industries in 1948, set up to convert the traditional buying strengths of the firm in the commodities areas, to value added manufactured products.

At first Bombay Oil was involved in copra trading besides crushing and refining of vegetable oils. Gradually, the company established itself firmly as a marketer of branded vegetable oils and later expanded into fatty acids, specialty chemicals and spice extracts.

In 1983, Bombay Oil divisionalised its operations to create three Businesses: a Consumer Products Division; a Fatty acids and Chemicals Division and an Oleoresins Division, also called the Spice Extracts Division.

In 1990, Bombay Oil again restructured itself to form several companies, each focusing on a specialized area of business. In April 1990, the Consumer Products Division became Marico.

The history of Marico can be traced all the way back to 1857, when a young man Kanji Moorarji, set up a modest trade in spices which, in time, grew to include other export worthy commodities.

This firm's success gave birth to The Bombay Oil Industries in 1948, set up to convert the traditional buying strengths of the firm in the commodities areas, to value added manufactured products

About Marico

A leading Indian group operating in:

Consumer Products.

Aesthetic Services.

Global Ayurvedics business.

Financial Year 2002-03 Turnover ~ Rs.7.75 billion (USD 163 Million) 12 brands and extensions with leadership in respective categories are as follows:

Parachute, Saffola, Sweekar, Hair & Care, Shanti, Mediker, Mealmaker, Sil, Revive, Kaya and Sundari.

The Overseas Sales franchise of Marico's branded FMCG products is one of the largest among the Indian companies.

Marico's own manufacturing facilities are located at Goa, Kanjikode, Jalgaon, Saswad, Pondicherry and Daman Supported by subcontracting units.

In Bangladesh, Marico operates through Marico Bangladesh Limited, a wholly owned subsidiary manufacturing facility at Mouchak, near Gazipur.
 
Organization Profile

History of Marico

The history of Marico can be traced all the way back to 1857, when a young man Kanji Moorarji, set up a modest trade in spices which, in time, grew to include other export worthy commodities. This firm's success gave birth to The Bombay Oil Industries in 1948, set up to convert the traditional buying strengths of the firm in the commodities areas, to value added manufactured products.

At first Bombay Oil was involved in copra trading besides crushing and refining of vegetable oils. Gradually, the company established itself firmly as a marketer of branded vegetable oils and later expanded into fatty acids, specialty chemicals and spice extracts.

In 1983, Bombay Oil divisionalised its operations to create three Businesses: a Consumer Products Division; a Fatty acids and Chemicals Division and an Oleoresins Division, also called the Spice Extracts Division.

In 1990, Bombay Oil again restructured itself to form several companies, each focusing on a specialized area of business. In April 1990, the Consumer Products Division became Marico.

The history of Marico can be traced all the way back to 1857, when a young man Kanji Moorarji, set up a modest trade in spices which, in time, grew to include other export worthy commodities.

This firm's success gave birth to The Bombay Oil Industries in 1948, set up to convert the traditional buying strengths of the firm in the commodities areas, to value added manufactured products

About Marico

A leading Indian group operating in:

Consumer Products.

Aesthetic Services.

Global Ayurvedics business.

Financial Year 2002-03 Turnover ~ Rs.7.75 billion (USD 163 Million) 12 brands and extensions with leadership in respective categories are as follows:

Parachute, Saffola, Sweekar, Hair & Care, Shanti, Mediker, Mealmaker, Sil, Revive, Kaya and Sundari.

The Overseas Sales franchise of Marico's branded FMCG products is one of the largest among the Indian companies.

Marico's own manufacturing facilities are located at Goa, Kanjikode, Jalgaon, Saswad, Pondicherry and Daman Supported by subcontracting units.

In Bangladesh, Marico operates through Marico Bangladesh Limited, a wholly owned subsidiary manufacturing facility at Mouchak, near Gazipur.

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