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| Company type | Public |
|---|---|
| Industry | Consumer goods |
| Founded | 2 April 1990; 35 years ago (1990-04-02) |
| Founder | Harsh Mariwala |
| Headquarters | Santacruz, Mumbai,Maharashtra, India |
Area served | Worldwide |
Key people | Harsh Mariwala (Chairman)[1] Saugata Gupta (MD & CEO)[2] |
| Products | |
| Revenue |  ₹10,831 crore (US$1.3 billion) (2025) |
| ₹2,139 crore (US$250 million) (2025) | |
| ₹1,629 crore (US$190 million) (2025) | |
| Total assets | ₹8,338 crore (US$990 million) (2025) |
| Total equity | ₹4,266 crore (US$500 million) (2025) |
Number of employees | 1,631 (2020) |
| Subsidiaries | Kaya Limited Saffola Set Wet |
| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[3][4] | |
Marico Limited is an Indianmultinational consumer goods company,[5] headquartered inMumbai. Marico is present in over 25 countries across Asia and Africa. It owns brands in categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care.[6][7]
Marico has 8 factories in India located atPuducherry,Perundurai,Kanjikode,Jalgaon,Paldhi,Dehradun,Baddi andPaonta Sahib. FounderHarsh Mariwala is the chairman, while Saugata Gupta has been the MD and CEO since March 2014.[8][6]
Marico Limited was established on 13 October 1988 under the name of Marico Foods Limited. Later, in 1989 the name of the company was changed from Marico Foods Limited to Marico Industries Limited.[9] The first international office for Marico was set up in Dubai in 1992. Marico was listed on the Indian stock exchange in 1996.[10]
The organisation holds a number of brands such asParachute, Parachute Advanced, Saffola, Hair & Care, Nihar, Nihar Naturals, Livon, Set Wet, Mediker and Revive. In the international market, Marico is represented by brands like Parachute, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men and Thuan Phat.
Parachute is the flagship brand of Marico which consists of edible grade coconut oil. Marico manufactures and markets its coconut based hair oils under its brand – Parachute "Advanced".[19]
Saffola is a brand of blended refinededible oil. It is marketed under the names of New Saffola, Tasty and Active. The main type of oils which are blended includerice bran oil, Kardi oil orsafflower oil,corn oil andsoya oil.
Marico has a significant presence inBangladesh,South East Asia,Middle East,Egypt andSouth Africa. InBangladesh, Marico operates through Marico Bangladesh Limited, a wholly owned subsidiary. Its manufacturing facility is located at Shirirchala, inDhaka Division.
Parachute "Advanced" hair oils contain around 50% (v/v) to 80% (v/v)mineral oil, along withcoconut oil. Advanced Aloe Vera Enriched Coconut Hair Oil contains: Coconut oil (50% v/v), Mineral l (49.6% v/v),BHT, Aloe Vera extract & Perfume.
Mineral oil is known to cause skin cancer.[20]Even though highly refined oils (classified as Group 3) are not suspected to becarcinogenic, available information is not sufficient to classify them as harmless.[21]
| Shareholders (as on 30 June 2024) | Shareholding |
|---|---|
| Promoter and promoter group | 59.28% |
| Total Institutions | 35.71% |
| Total Non Institutions | 5.01% |
| Total | 100.0% |
NRI in theMiddle East had been smuggling Parachute oil with them for their daily use when export of the oil was restricted prior to the 1991economic liberalisation. Marico decided to try to sell products in that market after liberalisation, but found out that the Arab customers did not like the scent of coconut, wanted a less sticky hair product, and needed a product to counteract the high level of chlorination in their water. When Marico reformulated its product, its market share in theMiddle East grew from 2% in 2002 to more than 20% by 2008.[23]
