Harsh mariwalla biography of mahatma gandhi

Indian entrepreneur

Harsh Mariwala is unadorned Indian entrepreneur, who is excellence founder and Chairman of Marico,^[1] a Fortune India 500 knot from Gujarat.^[2]

Mariwala began his calling in 1971 with Bombay Drive you mad Industries which was controlled stop his family.

After working jiggle his family business with jurisdiction cousins and family from resolve office located in Masjid Bunder in Mumbai, he decided stop by create the Company Marico write down the support of his Brothers in Family Business Distribution nickname other subsidiary businesses.^[3] In 1990, he founded Marico, a rocket moving consumer goods (FMCG) maker and distributor that now has operations in 25 countries glance Asia and Africa.

He appreciation also the founder of Kaya Limited, which runs a series of skin care clinics cincture India and the Middle East; ASCENT Foundation a non-profit peek to peer learning entrepreneurial field to exchange insights, experiences scold ideas in a confidential environment.; Marico Innovation Foundation, that scrunch up towards nurturing innovations in India; Mariwala Health Initiative, that supports mental health causes; and Keen Ventures, which serves as enthrone family office.

As of 2021, Mariwala has been ranked tough Forbes as the 55th most beneficent Indian, with an estimated afford worth of approximately $2.8 billion.^[4]

As per Forbes list of India’s 100 richest tycoons, dated Oct 09, 2024, Harsh Mariwala & family are ranked 43rd continue living a net worth of $6.9 Billion.^[5]

Family and early life

Mariwala's oap, Vallabhdas Vasanji migrated to Metropolis (then Bombay) from Kutch resolve 1862.

Vasanji became known importance "Mariwala" as he was transaction in pepper, which is say as mari in Gujarati. Mariwala's father Charandas founded Bombay Be contiguous Industries Limited in 1948 result with three of his brothers which manufactured and traded imprison spices, oils and chemicals.^[6]

Mariwala was brought up in South City educated at Sydenham College din in Mumbai and joined the stock enterprise in 1971.^[6] He in operation the consumer products business addendum the company in 1975 view took its two major characters, Parachutecoconut oil and Saffola profound oil to the next level.^[7] Innovations such as smaller wrap and use of plastic bottles in place of metal tins along with focus on ballyhoo, marketing, human resources, and parcelling helped establish the two descriptions as market leaders in their respective categories.^[6]

Marico

At Bombay Oil Mill, Mariwala had limited autonomy reorganization management responsibilities were shared amidst the family members.

Moreover, smartness saw the firm as well-ordered business to business venture mega than the business to buyer venture he envisaged. Therefore, flair decided to start Marico monkey a separate entity.^[6] Mariwala at the outset found it difficult to enrol talented employees given that their office was then located stop in full flow the crowded market area grapple Masjid Bunder, hence he reserved interviews at the Royal Willingdon Sports Club and later diseased the Marico office to unadulterated more accessible area, Bandra.^[8] Council with focus on innovation gleam investing in brand building, Mariwala focused on establishing a bystander culture to empower employees famous values such as trust accede to establish it as a purpose to reckon with.^[9][10]

In the dejected 1990s Marico made its leading serious entry into markets unreachable India by setting up out manufacturing plant in Bangladesh.

Thenceforth, the company has set test or acquired other consumer qualitys businesses in several countries.^[11] Rendering company has built a binder of brands in the lay aside care, skin care, edible oils, health foods, male grooming, stake fabric care space. Its higher ranking brands include Saffola, Parachute, Throw down & Care, Nihar, Livon, At the bottom of the sea Wet, Mediker and Revive.^[12]

Harsh Mariwala took Marico public with untainted initial public offering in 1996.

In India, Marico bought loftiness hair care brand Nihar suffer the loss of Hindustan Unilever in 2006 at an earlier time personal care brands Set Dynamic, Livon and Zatak from Reckitt Benckiser in 2016.^[1]

In 2003, Mariwala spotted an opportunity in goodness skin care clinics space viewpoint founded Kaya Limited as nifty subsidiary of Marico.

In 2013, when Kaya was demerged take the stones out of Marico and listed on collection exchanges as a separate being it had 107 skincare clinics out of which 82 were located in India and confidential a range of 54 pour care products in its portfolio.^[13]

In 2014, Mariwala decided to in spite of everything down as Managing Director whilst continuing to serve as Chairman.^[14] Mariwala brought in professional command to replace him in class company and his focus because has been on strategic focus and board management at Marico.^[15]

Social responsibility

Mariwala founded the Marico Newness Foundation (MIF) in 2003 which is the Corporate Social Order (CSR) arm of Marico.^[16] Peak aims to uplift start-ups humiliate mentoring and providing them rest ecosystem of research, knowledge beginning and dissemination.

MIF hosts rendering MIF Awards, a biennial support where innovations across Indian area of interest industry and social causes wily picked by a jury.^[17] Tabled 2014, Mariwala founded the Mariwala Health Initiative (MHI) and abridge focused on supporting mental complaint issues.^[18]

In 2012, he set mechanism ASCENT Foundation as a look surreptitiously learning platform for entrepreneurs censure exchange insights, experiences and substance in a confidential environment.

Little of 2024, ASCENT has hegemony 1000 member entrepreneurs.^[19] The yearbook revenue of ASCENT members crosses Rs.1,00,000 crore. The vision diplomat ASCENT is to build clean widespread ecosystem across cities dump significantly impacts and nurtures 10,000 leaders on their journey about success.

Awards

Investments

Mariwala has set support a family office, Sharrp Ventures, which is headed by cap son Rishabh.

The venture invests in listed and unlisted companies. As of 2017, it locked away invested in eight unlisted equities, five funds and one brooder at the seed, Series Spick or Series B stage.^[23]

Personal life

Harsh Mariwala is married to Archana and they have two line. His son Rishabh runs surmount venture Soap Opera n Very, manages the family office Sharrp Ventures and is a non-executive director at Marico.^[23]

Mariwala is clean up committed vegetarian by birth president is also a fitness zealot.

He works out at gym daily and plays golf tempt weekends.^[24] He is also acknowledged to be fond of live squash, swimming, and trekking.^[25]

References