As the final tax slabs were revealed on September 4, consumption stocks, which had already surged since Prime Minister Narendra Modi announced a reduction in the goods and services tax (GST) in his Independence Day speech on August 15, continued to rise.
The Nifty FMCG index has increased 4.4% since August 15th, while the Nifty 50 has increased 0.7%. Analysts anticipate that the surge will continue, supported by solid volume growth that may contribute to higher profits. However, the effects won’t only be felt in industries with high levels of consumption. According to experts, the GST drop will have an impact on logistics, banks, non-banking financial corporations (NBFCs), and other sectors that are dependent on consumer demand.
Puneett Kumar Kanojia, Founder, BollyBites VadaPav (Bollybites Foods Pvt. Ltd.) said, “The GST cut is a positive move that will especially benefit FMCG and food service businesses, including fast-growing categories like QSRs and street-food brands. In India, affordability drives consumption, and even a small reduction in effective prices can lead to higher footfall and repeat purchases. For food startups and quick-service outlets, this will not only ease pricing pressure but also enable us to pass on the benefit directly to customers, thereby strengthening consumer sentiment. Lower tax outflow also improves working capital for small and mid-sized players, allowing more reinvestment in quality, innovation, and expansion. Overall, the GST cut will act as a strong consumption booster, with ripple effects across the supply chain—right from raw material suppliers to the end consumer—ultimately supporting both growth and formalization in the sector.”
The GST Council streamlined the system on September 3rd, lowering slabs to 5% and 18% while keeping the charge at 40% for luxury and sinful items. Most categories moved to lower rates, while the 12% and 28% brackets were eliminated. Additionally, taxes on a number of necessities and staples were lowered from 18% to 5%.
Commenting on the development, Hiren Shah, Managing Director, Jyoti Global Plast Ltd. stated, “The GST Council’s reforms consolidating into two slabs of 5% and 18% alongside targeted reliefs for drones and simulators, mark a strategic inflection point for advanced industries. The sharp cut to 5% GST on unmanned aircraft and IGST exemption for simulators directly reduces costs for defence and aviation ecosystems, encouraging wider adoption and domestic manufacturing.”
“For plastics and packaging, harmonisation under the 18% slab simplifies compliance while lowering cascading effects across supply chains. The quicker registration process and seven-day refund window offer a strong boost to exporters, particularly in specialty chemicals and advanced materials, where working capital cycles are often stretched. Collectively, these reforms support scale, innovation and competitiveness across sectors critical to India’s industrial future, and we are ready to leverage our manufacturing expertise and scale to partner with emerging sectors,” he added.
How Lower GST Will Boost Auto and Electronics Demand
Reduced costs won’t encourage households to purchase more soap, oil, or shampoo, according to analysts; thus, the impact on necessities will be minimal. Discretionary items will get a greater boost.
While the demand for FMCG is comparatively inelastic, additional purchases may be prompted by a cheaper television or automobile. The demand increase would not be substantial for FMCG companies, but customers would choose to purchase well-known brands over less expensive ones because of their superior pricing, which would be advantageous to the listed FMCG companies.
The budget’s income tax cuts, a robust monsoon that boosted consumption in rural areas, and the recent GST cut all suggest a prosperous holiday season.
“The government’s decision to retain the 5% GST rate for EVs is a welcome move, as it reinforces its confidence in the industry irrespective of the segment. This continued policy support ensures that EVs remain the most tax-favored category, across both mass-market and premium offerings, allowing them to compete on the basis of technology, performance, and convenience. At the same time, the reduction in GST on ICE two-wheelers under 350cc to 18% is a balanced step that will make mobility more accessible and give the broader auto industry a healthy boost. Together, these reforms signal a positive and inclusive approach to strengthening India’s automobile ecosystem,” said Dinesh Arjun, CEO ,Cofounder, Raptee.HV
Investor Outlook Ahead of Festive Season
Investors’ recognition that reduced GST rates directly translate into better demand forecasts across consumption-linked sectors is reflected in the market’s positive reaction. As the holiday season draws near, financial institutions anticipate that “festive demand should see a positive boost” but caution about “some negative demand impact in September”.
The anticipated increase in consumption can have a multiplier effect on overall economic growth. According to analysts, the key will be how quickly businesses pass the advantages on to customers. If done correctly, this step will boost spending and sentiment.
The fact that these reforms cover everything from everyday necessities to expensive purchases explains why investors see this as a structural change rather than a short-term stimulus, which supports the widespread market rally in industries as diverse as FMCG, insurance, white goods, cement, and automobiles.
“GST 2.0 represents one of the largest reforms in taxation since the initial introduction of GST in 2017. Its implications for India’s MSMEs could be revolutionary. For many years, small companies suffered from overly complex tax structures, delays in refunds, and compliance burdens that consumed time and working capital. The new dual slab of 5% and 18% provided clarity on the classification issue and invoicing however; we are working to ameliorate classification issues,” opined Mukesh Pandey, Director of Rupyaa Paisa.
Adding further, he said, “For MSMEs this could mean less legal battles, higher efficiency and increased buyer demand as several products are now more affordably classified. India’s 6.4 crore MSMEs employing more than 11 crore people are the engine of our economy. If GST 2.0 is implemented effectively, it will not only lower the cost of compliance, but improve competitiveness and have small businesses better positioned to succeed domestically and internationally.”
Quick Shots
•Since PM Modi’s
Independence Day speech (Aug 15), Nifty FMCG up 4.4%, Nifty 50 up 0.7%.
•Boost expected in
FMCG, autos, electronics, logistics, banks, and NBFCs.
•Minimal impact on
necessities (soap, oil, shampoo); stronger demand for discretionary items
(cars, TVs, electronics).
•Lower GST may push
consumers toward premium FMCG brands over cheaper alternatives.
Fast-moving consumer goods are products that sell quickly. It also comes at a relatively lower cost. They are being marketed in a lump-sum amount. So, we will cover the top FMCG companies in India that are working every day, all year round.
Accounting for 50% of FMCG sales in India, this sector is the country’s fourth-largest sector, selling all household and personal care items because of the top FMCG companies in India. Also known as consumer packaged goods, FMCGs produce short shelf life.
It is either because of high consumer demand or because they are perishable. These goods are purchased frequently and consumed rapidly. Since they are priced low, they get sold in huge quantities. Keep reading about the Top FMCG companies in India in 2025.
Lever Brothers, United Traders Ltd, Hindustan Vanaspati Mfg. Co. Ltd.
Founded
1933
Market Capitalization
5,32,276.40 Cr
Top FMCG Companies in India – Hindustan Unilever Limited
Hindustan Unilever Limited is the best FMCG company in India and has had its historical presence in India for over 80 years. It has numerous FMCG brands in India it and specializes in selling household products across the country, including Home Care, Beauty & Personal Care and Foods and refreshments. This is among the top FMCG companies with over 700 million consumers from India using its products, and it aims to make the company a global enterprise.
ITC Limited
Company Name
ITC Limited
Headquarter
Kolkata
Founder
Y C Deveshwar
Founded
1910
Market Capitalization
5,10,679.35 Cr
Top FMCG Companies in India – ITC Limited
A diversified conglomerate dealing with businesses, ITC Limited is known for its largest turnover among the top 10 FMCG companies in India (2021). This company basically aims to develop multiple drivers of growth while remaining the leader in the manufacturing of tobacco.
It is in the list of startup FMCG companies in India that sell everything apart from tobacco; it also produces products including Food, Personal Care, Education & Stationery Products, Branded Apparel, Incense Sticks, Safety Matches, Paperboards, Packaging, Hotels, Agri-Business and lastly, Information Technology.
Nestle serves as the largest food and beverage company in the world, which is why it is among the top 10 FMCG companies in India. The company comprises over 200 brands. They generally range from global icons to local favourites. It is currently present in around 191 countries all over the world. Nestle India is the third-largest company on the list of Top FMCG companies in India.
Nestle comprises eight manufacturing facilities along with four branch offices. Compared to all FMCG companies in India, Nestle comprises over 2,000 brands under its wing. Out of all, Maggi noodles is predominantly the most popular brand in the country, making Nestle the startup FMCG company in India.
A key player in the beverage industry, it holds the 8th rank in the list of top 20 FMCG companies in India. Varun Beverages is not only the top FMCG company in India but also the world’s second-largest franchisee apart from the US for producing carbonated soft drinks (“CSDs”) as well as non-carbonated beverages (“NCBs”). This FMCG listed companies in India under the trademarks owned by PepsiCo.
Sold by Varun Beverages, the products of PepsiCo comprise Pepsi, Diet Pepsi, Mirinda Orange, Mirinda Lemon, Seven-Up, Seven-Up Nimbooz Masala Soda, Evervess Soda, Mountain Dew, Duke’s Soda and Sting, and this is what makes it among the top FMCG companies.
Godrej Consumer Products Limited
Company Name
Godrej Consumer Products Limited
Headquarter
Mumbai
Founder
Adi Godrej
Founded
2001
Market Capitalization
1,23,362.36 Cr
Top FMCG Companies in India – Godrej Customer Products Limited
Being a part of the 122-year-old Godrej Group, Godrej Consumer Products Limited serves as the leading emerging markets company. It is also at the top of the list of startup FMCG companies in India. Besides, it also enjoys the patronage of over 1.15 billion consumers around the globe, which is why it is one of the most trusted consumer companies in India.
The three primary sections of operation are home care, personal care, and hair care. With an eye of 25 per cent market share in the coming three years, it became the top Indian FMCG company.
The oldest company on the list, Britannia Industries Limited, holds a legacy of more than 100 years of operation and is one of the best FMCG companies in India. This conglomerate has other FMCG companies or brands in India: Good Day, Milk Bikis, Tiger, NutriChoice and Marie Gold.
Apart from producing biscuits, it also has a hand in producing Bread, Rusk and Cakes. This B2B FMCG company in India also specializes in manufacturing Dairy products, including Milk, Cheese, Beverages and Yoghurt.
Joint Venture with UK-based James Finlay and Company
Founded
1962
Market Capitalization
1,09,123.41 Cr
Top FMCG Companies in India – Tata Consumer Product Limited
Tata Consumer Product is a renowned brand that boasts of its association with the Tata Group, known for its ethical practices, customer-centric values, and exceptional quality. This association has helped Tata Consumer Product to earn the trust and loyalty of its customers. The brand offers a vast range of products, including well-known brands like Tata Tea, Tetley, Tata Salt, and Tata Sampann that cater to a diverse market. These products have become a staple in Indian households, and the brand continues to thrive with its commitment to quality and customer satisfaction. It is one of the leading FMCG companies in India.
Dabur India Limited is the leading Ayurvedic and Natural Health Care company and is among the FMCG startups in India. It is among the top FMCG companies because it has been operating for 135 years of experience and rich heritage. These consumer goods companies in India have been divided into three groups of Strategic Business Units.
The main divisions of this FMCG company are Foods Business, Consumer Care Business, and International Business. Consumer Care Business is further divided into Health Care and Home & Personal Care. This is a unique FMCG brand in India that has a wide network distribution. It also covers around 6 million retail outlets with high penetration in both urban and rural markets, making it one of the top 20 FMCG companies in India.
This Simple Idea Changed FMCG Market Forever
United Spirits
Company Name
United Spirits
Headquarter
Bangalore
Founder
Angus McDowell
Founded
1826
Market Capitalization
79,113.95 Cr
Top FMCG Companies in India – United Spirits
United Spirits, a subsidiary of Diageo, is a renowned name in the world of alcoholic beverages. The company boasts an extensive range of products under its FMCG list, including some of the most popular spirits and alcoholic beverages. These include iconic brands like McDowell’s No. 1, Royal Challenge, and Signature, among others. United Spirits is a dominant player in the Indian market, thanks to its diverse portfolio covering various spirits categories.
Apart from being a leading player in the industry, United Spirits is also committed to empowering women leaders. The company has taken several measures to ensure the safety and well-being of its female employees. These include arranging special night shifts and establishing partnerships with cab services to ensure that women employees can commute safely. United Spirits’ commitment to gender equality and its efforts towards empowering women leaders make it a truly admirable organization.
William Colgate (Colgate), Burdett J. Johnson (Palmolive)
Founded
1806
Market Capitalization
71,122.88 Cr
Top FMCG Companies in India – Colgate Palmolive
Colgate-Palmolive India holds a prominent position in the Indian market for oral and personal care products. The company boasts an impressive portfolio of toothpaste, toothbrush, and mouthwash brands, including some of the most recognized names such as Colgate Strong Teeth, Colgate Total, and Colgate Max Fresh. Colgate Palmolive India’s products have gained immense popularity and have become synonymous with dental hygiene in India, serving millions of consumers and contributing to their overall health and well-being.
Marico Limited, founded in 1988, is a leading Indian consumer goods company. It sells popular brands like Parachute, Saffola, and Set Wet, and its products reach over 25 countries.
In 2025, Marico is focusing on innovation and digital transformation. The company uses data to understand customers better, improve marketing, and create new products, especially in the health and wellness space with items that support immunity and well-being.
Marico also takes sustainability seriously—using eco-friendly packaging, cutting carbon emissions, and supporting education and healthcare projects. Its goal is to grow while also making a positive impact on people and the planet.
Conclusion
The growing awareness, changing lifestyles and easier access have been the key development drivers for this sector. The urban segment contributes the largest share of the entire revenue that the top FMCG companies in India are generating. The FMCG market has witnessed faster growth in rural India compared to urban India due to the increasing number of FMCG startups in India. Also, these FMCG-listed companies in India’s semi-urban and rural segments are growing rapidly. The FMCG products account for up to 50% of the overall rural expenditure.
FAQs
What is a FMCG company?
In the FMCG industry, manufacturers often sell the goods to wholesalers, who sell them to retailers, who sell them to consumers.
How to start a FCMG company?
First of all, determine the form of your business.
Apply for the Trade License from the Municipal Authority.
Additionally, apply for MSME Udyog Aadhaar online registration.
Apply for the ‘Consent to Establish’ from the Pollution Control Board.
Obtain the GST registration.
What are the top FMCG companies in India in 2024?
The best FMCG companies in India are Varun Beverages Ltd, Tata Consumer Products, Dabur India Limited, Godrej Consumer Products Limited, Godrej Consumer Products Limited, Britannia Industries Limited, Nestle India, and Hindustan Unilever Limited.
What is the rank of FMCG in India?
The FMCG industry is the fourth largest sector in the Indian economy. Household and personal care products account for 50% of the sales in the industry, healthcare accounts for 31-32% and food and beverage accounts for the remaining 18-19%.
What is the biggest FMCG company?
The top FMCG Companies in 2024 by Revenue & Profit are Nestle AG, Johnson & Johnson, Procter & Gamble, Pepsi Co, and Unilever.
Which are the FMCG products?
Fast-moving consumer goods are non-durable products that sell quickly at relatively low cost.
Is Nestle an FMCG company?
Yes, Nestle is among the top FMCG companies in India.
Is Britannia a FMCG company?
Yes, Britannia is amongst the top 10 FMCG companies in India (2024).
Whenever there is a discussion about the most corrupt and unethical corporations in the world, Nestlé always tops the list. Nestlé is one of the biggest companies in the world, with hundreds of products being sold all around the globe. It is no surprise that Nestlé dominates the processed and packaged food market.
Nestlé has around 339,000 people working for it in its 344 factories in 188 countries. But why is a company with such a huge influence and market called evil and unethical? Let’s start with its history. Began its journey in Switzerland in 1867 and was founded by Henry Nestle. He wanted to start his own line of milk-based baby formula for babies who were unable to receive breast milk due to a variety of factors.
Even if the formula is only dried milk, vegetable oils, and sugars, the key factor is the company’s marketing, which has led people to feel that the formula is essential for their babies’ growth and wellness and that breast milk is insufficient. You can see how misguided this is because most medical experts agree that breast milk, and only breast milk, is the greatest nourishment for infants.
The company is also facing numerous lawsuits for other frauds and unethical deeds it has committed. Despite this, the company continues to reign supreme, raking in billions of dollars every day. In this article, we will be discussing the reasons why is Nestlé evil and is the most hated corporation in the world.
Nestlé controls approximately 2000 brands around the world, with its baby formula being the most popular. However, the company’s product has a dreadful track record.
The company expanded its baby formula market in the 1970s and began advertising its baby formula as superior to breast milk, attempting to manipulate customers by spreading the narrative that its formula is beneficial for infants and provides all of the necessary nutrients that breast milk cannot. They even bribed medical specialists to testify on their behalf. This is so ethically terrible that no one can dispute it.
The ad campaigns encourage mothers to replace breast milk with baby formula. The most horrible thing Nestlé did was hire “saleswomen” in developing regions of Asia and Africa and send them to give medical advice to mothers and hand them free samples of the baby formula.
Under-educated mothers of underdeveloped countries believed that women were dressed as nurses. The free samples were weighed and packaged strategically to last just up to the day when the mothers were fully dependent on the formula and stopped lactating themselves.
The company’s horrible PR stunt led to thousands of infant deaths as the mothers were swapping Nestlé’s baby formula for breast milk. This left the children deficient in the necessary nutrients that breast milk provides.
The worst impact was in the underdeveloped regions of the world, where mothers were diluting the formula with more water to save money and were unknowingly starving the children. Breast milk provides all the elements vital for the development of the baby and its immune system. With a lack of natural milk, the babies from underdeveloped regions with no access to clean water suffered from many diseases and died.
The Baby Killer – Nestle is Evil
It resulted in thousands of deaths, and the formula was even named ‘Baby Killer’ by the media. When the situation got worse and people started getting mad about this and protesting, the World Health Organisation, in 1981, passed an International Code of Marketing of Breastmilk Substitutes, condemning the unethical practices. But the damage was done. The company, often criticized as “Nestle is evil,” tried to clear their name and started mentioning in their advertisements that breast milk cannot be replaced.
Even though the company is trying its best to keep its baby formula’s image squeaky clean after the big “Baby Killer” blunder by promoting ads encouraging mothers and talking about the benefits of natural milk, they are still pushing the baby formula and bribing health workers in countries with lenient laws and still getting away with it.
Nestlé Pure Life Bottles – Nestle Unethical Practices
Nestlé is also one of the leading producers of packaged water bottles. The bottles are packed with single-use plastic, leading to pollution of the environment and killing millions of sea creatures. According to several reports, during beach cleanings, most of the plastic bottles collected are Nestlé brands, which proves that Nestlé is one of the major contributors to water and land pollution. And it’s not just the plastic bottles that harm the environment; the water the plastic bottles harms the environment equally, if not more.
No matter what fancy pictures of springs, lakes, and mountains the labels have, almost all the water in the packaged bottles of the Nestlé evil company is from the ground. Nestlé’s evil company is blamed for exploiting the groundwater of the areas where the public needs it the most and selling it for their profit.
It is clearly unethical and dangerous for the environment. The company is also guilty of taking water sources from countries where people are forced to drink dirty water as Nestlé acquires clean water sources for their bottled water plants.
In 2013, the corporation began diverting abundant clean water from Pakistani locals and using it for their factories, leaving the population with no other choice except to drink sewage and sludge water. Not just in Pakistan; the evil corporation is doing the same thing in numerous undeveloped countries with abundant natural resources that Nestlé can readily exploit due to tax regulations.
Nestlé’s Use of Child Labours
Nestlé Fair Trade – Nestle is Evil
Nestlé sells a wide range of chocolate goods made with cocoa obtained through forced and trafficked child labor. During the 2000s, the company, along with several other chocolate companies, was accused of using child labour to produce cocoa for their chocolates. Nestlé claimed to get rid of this problem and create ethically correct products by the year 2005. But it has not done much regarding the issue.
The company claims that most of the unpaid child labor involved in chocolate production is done by children working on their parents’ farms. Because the farmers cannot afford school and need all the working hands possible to afford food, shelter, and other necessities, the reasoning is absurd because Nestlé is the one who pays them. Thus, they should do something to help the farmers who work for them. They should offer them assistance and raise the amount of money they pay to the farmers.
They tried to improve their image by including ‘fair trade’ marks on their labels to showcase that the chocolate bars are made with ethically sourced cocoa, but it didn’t solve the main problem, which was illegal child labor. They still have farms and plants where forced child labor is taking place, but they haven’t done much about it and do not provide any proof that the products sold are ethically made.
Nestlé’s Factory Waste Polluting The Environment
As discussed earlier, the company’s plastic water bottles are the major culprits of water and land pollution. The single-use plastic is the main reason for littering and water pollution. The company has claimed to replace all their single-use plastic bottles with recyclable ones. But there is no progress in that department yet.
The plastic bottles are damaging the environment, and the waste generated by the company’s factories is causing irreversible damage to the environment and marine life. In 2020, a Nestlé milk powder plant in France released its biological waste in the local water bodies, killing around three metric tons of fish. And even after making many colossal promises and claims for reducing plastic waste and use, the company has increased its share of reusable, recyclable plastic by only 1%.
According to the latest reports from the Ellen McArthur Foundation, the company has done nothing, made zero progress in the environmentally safe sector, and has not addressed the waste they are generating at all.
Health Concerns
In July 2009, the FDA and CDC issued a cautionary statement urging consumers to avoid Nestle Toll House refrigerated cookie dough due to an E. coli outbreak affecting over 50 individuals across 30 states. This contamination resulted in hospitalizations and tragically claimed one life. Nestle responded by expressing grave concern, acknowledging their product’s implication in the illness and fatality, and subsequently implementing more rigorous testing and inspection procedures for raw materials and finished goods to meet higher quality standards.
In a larger-scale crisis in 2008, Nestle faced the Chinese Milk Scandal, where their products were linked to six infant deaths and numerous hospitalizations due to melamine contamination. Despite Nestle’s denial, the Taiwanese government detected traces of melamine in their products, prompting Nestle to dispatch specialists from Switzerland to enhance chemical testing at five Chinese plants. The incident became a major global food safety concern, with China reporting over 300,000 victims, resulting in severe legal consequences, including executions and life sentences for those implicated.
Nestle Evil: The Most Evil Business in the World
Price Fixing
In both Canada and Germany, Nestlé, along with Hershey and Mars in Canada and Nestlé alongside five other companies in Germany, faced investigations that raised concerns about their business practices. In Canada, the Competition Bureau scrutinized allegations of price fixing, leading to office raids and subsequent class-action lawsuits, resulting in a $9 million settlement. Despite the settlement, none of the companies admitted liability, and the former president and CEO of Nestlé Canada now faces criminal charges related to the case.
Simultaneously, in Germany in 2008, Nestlé, known for its unethical practices, along with Mars and five other companies, underwent a parallel price-fixing investigation. This inquiry was prompted by substantial, nearly simultaneous price hikes, up to 25%, in the chocolate and confectionery market. German police conducted office raids during the probe, and the companies justified the price increases by citing rising raw material costs. These scandals not only added to the regulatory challenges faced by the companies but also stirred international concerns about the transparency of the industry’s pricing practices.
Promoting Unhealthy Foods and Deceptive Labeling – Nestle is Evil
Nestle, a company that has positioned itself as a leading health and wellness company, has faced criticism for promoting unhealthy food. A report by the UK Consumers Association revealed that seven out of the top fifteen high-sugar, fat, and salt breakfast cereals were Nestle products. Nestle has been accused of targeting children with their marketing practices.
In an interview, Nestle’s chairman, Mr Brabeck, defended his breakfast choice of a dark chocolate tablet as a balanced start to his day. However, this attitude further fueled the perception that Nestle was not prioritizing healthier alternatives in its product offerings.
In addition to concerns about unhealthy food, Nestle faced accusations of deceptive practices in Colombia in 2002. The company was ordered by the police to decommission 320 tons of imported powdered milk because of false relabeling, which included a different local brand and altered production dates. This raised ethical and legal issues and underscored potential health risks for consumers.
Controversy Surrounding Maggi
The Maggi Controversy – Nestle Unethical Practices
In 2015, revelations emerged in India that Nestlé’s popular noodles brand, Maggi, contained elevated levels of lead and MSG beyond the legal limits. This discovery prompted India to file a lawsuit against Nestlé, seeking nearly $100 million in damages for violating food safety standards. In response to the controversy, Nestlé took a proactive measure by voluntarily withdrawing Maggi products from the market until they could ensure their safety for consumption. This strategic move allowed Nestlé to salvage its reputation and evade the hefty fine initially demanded by Indian authorities.
The Maggi incident in India is often associated with concerns about Nestlé’s adherence to food safety regulations and underscored the importance of swift action in crisis management for multinational corporations, including allegations related to “Nestle crimes.” Nestlé’s decision to remove the product from the market showcased its commitment to addressing the issue and restoring consumer trust, albeit with significant financial implications.
Nestlé’s Involvement in Campaigns Against Maternity Leave
In recent years, Nestlé has faced criticism for allegedly funding campaigns against expanding maternity leave in the U.S.
Sources of Criticism
Reports: Groups like the National Women’s Law Center claim Nestlé donated to organizations opposing maternity leave.
Media Investigations: Outlets like The Intercept and The Guardian reported Nestlé’s ties to lobbyists against maternity leave laws.
Former Employees: Some ex-staff alleged Nestlé pressured workers and indirectly supported anti-maternity leave efforts.
Key Concerns
Women’s Rights: Critics say opposing maternity leave harms women’s ability to recover from childbirth and care for their babies.
Infant Health: Short maternity leave may prevent mothers from breastfeeding.
Financial Gain: Critics believe Nestlé opposes maternity leave to boost infant formula sales, as working mothers may rely more on formula.
Ethiopian Debt Repayment
In 2002, Nestlé asked Ethiopia to pay back a $6 million debt, even though the country was facing a terrible famine. Many people were upset and sent over 8,500 emails to Nestlé, asking the company to stop. Nestlé then changed its mind and said it would put any money it got from Ethiopia back into the country.
In 2003, Nestlé agreed to take only $1.5 million and gave that money to three charities working in Ethiopia: the Red Cross, Caritas, and the UNHCR.
Russo-Ukrainian War
In 2015, a Ukrainian TV channel didn’t hire a Ukrainian-speaking woman as a cooking show host. The sponsor, Nesquik (a Nestlé brand), reportedly wanted only a Russian-speaking host. This caused protests in Kyiv. Activists accused Nestlé of being unfair to Ukrainian speakers and helping spread Russian influence. They also criticized Nestlé for selling products made in Russia and warned of a boycott.
After Russia invaded Ukraine in 2022, many Western companies left Russia—but Nestlé was slow to act. It said it wanted to protect its 7,000 workers in Russia. Nestlé stopped shipping non-essential goods but kept making baby food and hospital food there. Ukrainian President Zelensky asked Nestlé to stop doing business that supports the war.
In November 2023, Ukraine’s anti-corruption agency listed Nestlé as an international sponsor of the war.
Conclusion
Nestlé, a multibillion-dollar corporation with complete market dominance, has faced numerous controversies. Despite engaging in several unethical and illegal activities, the company seemingly evades significant consequences, thanks to its vast wealth, power, and influence in lawmaking as a large corporation.
Nestlé’s adept marketing strategies, coupled with its ability to easily influence its consumer base through advertisements featuring bold claims and promises, contribute to a facade that diverges starkly from the harsh reality. The company has earned the dubious reputation of being dubbed “the most evil company of all time,” a label fueled by ongoing Nestle controversies that shed light on questionable business practices.
FAQs
Why is Nestlé bad?
Nestle is bad and is known as an unethical company because of the use of child labor and the manufacturing of plastic bottles that damage the environment.
Does Nestlé have a bad reputation?
Yes, Nestle is known for human trafficking, child labor, and manipulating customers.
Why is Nestlé being boycotted?
Nestle was being boycotted because it manipulated uneducated mothers by selling its infant formula in poor countries, leading to malnutrition.
Is Nestle a bad company?
Nestle is criticized for labor practices, water usage, marketing tactics, and plastic pollution. However, they try to source ethically and be sustainable. Ultimately, judging their “goodness” depends on your ethics.
Who owns Nestle?
Nestlé is publicly traded, so no single entity owns it entirely. However, major shareholders include institutional investors like BlackRock, and the company itself holds a small percentage.
Why is Nestle evil?
Nestle is so evil because Nestle is criticized for child labor, formula marketing, water overuse, and plastic waste. These issues have worsened Nestle reputation and made it an “evil company”.
Why is Nestle unethical?
Nestlé is seen as unethical due to issues like exploiting water resources, promoting baby formula over breastfeeding, child labor in cocoa farming, and opposing maternity leave laws making people hate the company.
What did Nestle do?
Nestlé faced criticism for promoting baby formula over breastfeeding, exploiting water resources, using child labor, and opposing maternity leave laws.
The Indian startup circuit is well known for the mighty figures who have revolutionized the world. Now, as there are millions of companies that have worked for the development of society, the businessmen of India have made the most of the opportunities thrown at them.
Among the companies that have worked for the development of the startup circuit and providing employment, RP-Sanjiv Goenka Group (RPSG) is a brand that is popular in the Indian subcontinent. The man leading this group is Sanjiv Goenka. He has been an influential person throughout his tenure and continues to do so!
Sanjiv was born on 29 January 1961. He pursued his graduation from the prestigious St. Xavier’s College, Kolkata.
Sanjiv Goenka was born in Kolkata in 1961 and is the son of the late Dr. Rama Prasad Goenka. He is married to Preeti Goenka, and they have two children: a daughter named Avarna and a son named Shashwat.
Sanjiv is a former member of the Prime Minister’s Council on Trade and Industry. Presently, he is serving as the chairman of the Board of Directors of Woodlands Medical Center, LTD.
Apart from making a mark on the business sector, he has also taken an interest in the world of sports. Sanjiv is the owner of the ATK Football Club in the Indian Super League. He was elected as the president of the All India Management Association in 2009-2010. Apart from that, he is the chairperson of the prestigious Indian Institute of Kharagpur. Sanjiv Goenka has a net worth of $4.1 billion (2025).
Sanjiv Goenka – RPSG Group
RPSG Groupwas created bySanijv Goenkain 2011. This company is named after his father, Late Rama Prasad Goenka. His brother leads the Mumbai-based RPG Group while Sanjiv heads the RPSG Group. The major part of Sanjiv Goenka’s group was the power generation and distribution company CESC Ltd. Hence, to match the power revenues, the junior Goenka had to make his other businesses grow faster. He had to unlock some of the value that had been trapped within the flagship CESC Ltd.
This company owns retail and real estate businesses. Three businesses in the group have turned around in the past years. These groups are carbon black, music, and film content. Sanjiv Goenka entered the BPO circuit with the purchase of Firstsource Solutions in 2012.
In October 2018, the flagship CESC was split into three parts. These parts were the power generation and distribution business, retail business, and CESC Ventures. The CESC Ventures included IT and FMCG. According to Sanjiv, to turn the business around, the company decided to stop doing business for the sake of top-line, and hence, the team started to focus on profitability.
Sanjiv’s turnaround efforts at Saregama have put the company on track. He had brought in new management to the company, which was a relatively smaller member of the RPSG Group. It had an annual turnover of INR 281.03 crore in the Q4 2023-2024. The company has rights to music content in various Indian languages, and has changed very much in one year! This is all due to Sanjiv’s effort to remodel the company.
Sanjiv Goenka – Transforming RPSG Group into a Conglomerate
Sanjiv has always guided his team. This is the reason that RPSG has become a conglomerate with diverse revenue streams.
Whenever a visitor visits his office, three small identical glass bowls of snacks are served to the visitor. Two of them comprise of snacks from the Goenka group. While the third snack has a popular fried snack from the third company. Sanjiv then challenges his guests to taste the contents of the three bowls and identify the one which is the in-house products. You might wonder why he does this kind of activity. The reason is he wants to get feedback from every visitor to his office.
Although the group’s entry into the FMCG snacks business is new, Goenka has been bullish about its future. He monitors the INR 500 crore FMCG operation, tastes most of the new products himself, and also makes sure that the visitors check out the food. This attitude ofSanjivhas helped him expedite his wish to make the INR 26,000 crore group an even division of the regulated and non-regulated business.
The RPSG Group used to be dependent on the power sector. The main reason is that the power sector comprises 80% of its revenues. Well, today, revenues are evenly distributed and matched between power and other businesses.
CESC Limited, Haldia Energy Limited, Dhariwal Infrastructure Limited, Noida Power Company Limited, Integrated Coal Mining Ltd, Crescent Power Limited, Surya Vidyut Limited
IT-Enabled Services
Firstsource
Media and Entertainment
Saregama India Ltd, Open, Fortune India, Editorji
Consumer and Retail
Too Yumm! (Guiltfree Industries Ltd), Evita (Apricot Foods Limited), Spencer’s Retail, Nature’s Basket, Dr. Vaidya’s (Herbolab India Pvt Ltd)
Education and Infrastructure
Quest Mall, Woodlands Hospital
Sports
ATK Mohun Bagan, RPSG Mavericks Kolkata
Plantation
Harrisons Malayalam Limited
Sanjiv Goenka – RPSG Group – Lucknow Super Giants
In August 2021, the Governing Council of the Indian Premier League invited bids for two new teams. Although 22 companies showed interest, only six made serious offers due to the high base price. The RPSG Group, owned by Sanjiv Goenka, won the rights to operate the Lucknow franchise with a bid of ₹7,090 crore (around ₹80 billion or US$950 million in 2023).
The team then held a competition to decide its name, and in January 2022, they chose “Lucknow Super Giants.”
Sanjiv Goenka-KL Rahul Controversy
During IPL 2024, LSG owner Sanjiv Goenka was seen in a heated chat with captain KL Rahul after a 10-wicket loss to SRH. The intense boundary-side exchange went viral, though the audio wasn’t clear. Rahul later said it “was not the nicest thing.” While Goenka downplayed any issues, Rahul was not retained and has since joined Delhi Capitals.
In IPL 2025, KL Rahul helped Delhi Capitals beat his old team LSG with a strong knock of 57* runs. The match was in Lucknow, where Rahul had once been captain. After the game, LSG owner Sanjiv Goenka and his son tried to greet Rahul and praise him. But Rahul walked past them without talking. This moment was caught on camera and went viral, with many saying it showed there were still issues between Rahul and the LSG team.
Saregama’s (one of the RPSG Group companies) product Carvaan now accounts for half of its revenues. Presently, more than a million products have been sold. Hence, due to its success, Goenka has launched smaller hand-held products targeting the younger generation. This hand-held music device has internet connectivity to stream music.
According to Sanjiv, Carvaan was targeted at an older generation. But, the new edition will attract the younger generation too.
Carvaan Go is also available at the company’s online store. The credit for the success of the product also goes to Vikram Mehra. He has worked with different big brands like Tata Sky and Star India.
Sanjiv Goenka – RPSG Group – Increased Sales
In December 2018, Saregama posted a jump of 66% in sales to INR 400 crore from INR 200 crore. Whereas the company posted revenue from operations of INR 866.66 crore in FY24, net profit stood at INR 197.56 crore. The product named Carvaan has been very popular in the Indian subcontinent. The product’s look is inspired by an old Murphy radio that was lying in the company headquarters in Kolkata.
Setting up a brand and making sure that the quality of the products never decreases is quite a difficult task. But, Sanjiv Goenka, RPSG Group owner, has proved the business critics wrong. With perfect planning, he has been successful in expanding the company. Under his leadership, the company is now taking giant strides in the food sector too.
The introduction of Carvaan has enabled the older generation to relive the past. His perfect business tactics have been replicated in the introduction of Carvaan Go. His products have been of high-class quality and are giving stiff competition to the rival brands. His deep interest in investing in football, a sport that has been unable to attract the masses, shows his determination to help the sectors that have been left behind. Truly, Sanjiv Goenka has been an inspiration for many budding entrepreneurs.
FAQs
Who is Sanjiv Goenka?
Sanjiv Goenka is an Indian billionaire entrepreneur. He is the founder and chairman of RPSG Group and an early-stage investor. He is also the owner of an IPL team, Lucknow Super Giants.
What is the full form of RPG Group?
RPG Group stands for Rama Prasad Goenka Group. Harsh Goenka is the chairman of the RPG Group conglomerate.
What is Sanjiv Goenka age?
Sanjiv Goenka was born on 29 January 1961. He is 64 years old.
What is Sanjiv Goenka net worth 2025?
The net worth of Sanjiv Goenka is estimated to be around $4 billion approximately Rs 342,000 crore (2025).
What is the RP Sanjiv Goenka group net worth?
The net worth of RPSG in revenue is $4.3 billion.
Who is CESC Owner?
CESC is owned by the RP-Sanjiv Goenka Group (RPSG), which is led by Sanjiv Goenka as Chairman.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
Britannia Industries is one of India’s leading food companies, with a 100-year legacy and annual revenues in excess of INR 16,000 crore. Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusks, and Dairy products, including Cheese, Beverages, Milk, and Yoghurt.
Britannia is a brand that many generations of Indians have grown up with and is cherished and loved in India and the world over. Brand Britannia is listed amongst the most trusted, valuable, and popular brands in various surveys conducted by prestigious organizations.
Know the Success Story of Britannia in the article ahead. Also, get a glance at Britannia’s company profile and know about the history of Britannia company, owner of Britannia company, Britannia’s Business Model, Founders, Revenue Model & more…
Britannia Industries Limited is a food company, that is engaged in the manufacture of Biscuits, Bread, Cakes, Rusks, and Dairy products, including Cheese, Beverages, Milk, and Yoghurt. The Company operates through the Foods segment, which comprises bakery and dairy products.
The Company’s product brands under the biscuits category include Good Day, Crackers, NutriChoice, Marie Gold, Tiger, Milk Bikis, Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic, and Nice Time. Its products under bread include Whole Wheat Breads, White Sandwich Breads, and Bread Assortment. Its products under the dairy category include Cheese, Fresh Dairy, and Accompaniments. Its products under the cakes category include Bar Cakes, Veg Cakes, Chunk Cake, Nut & Raisin Romance, and Mufills. Its product under the rusk category includes Premium Bake.
The products of the Company are exported across the world, which include Gulf Cooperation Council Countries (GCC), African Countries, and American Countries. Its subsidiaries include Manna Foods Private Limited and International Bakery Products Limited.
Britannia – Logo and its Meaning
Britannia Logo
As explained by a spokesperson of Britannia, Britannia’s new logo signifies “rebranding as the Total Foods Company from now on with the expansion of its offerings in both healthy and indulgent products. The wings of a bird signify freedom to choose, whenever and wherever you want to enjoy your food.”
Britannia – Founder and History
Britannia Industry was founded in 1892 by a group of British businessmen with an investment of ₹295. Initially, biscuits were manufactured in a small house in central Kolkata.
1918 – The Company was born on 21st March of the year 1918 as a public limited company.
1921 – Britannia became the first company east of the Suez Canal to use imported gas ovens. Britannia’s business was flourishing. But more importantly, Britannia was acquiring a reputation for quality and value. As a result, during the tragic World War II, the Government reposed its trust in Britannia by contracting it to supply large quantities of ‘service biscuits’ to the armed forces.
1924 – A new factory was established in the year 1924 in Mumbai. In the same year, the Company became a subsidiary of Peek Frean & Company Limited UK, a leading biscuit manufacturing company and further strengthened its position by expanding the factories at Calcutta and Mumbai.
1952 – The Kolkata factory was shifted from Dum Dum to spacious grounds at Taratola Road in the suburbs of Kolkata. During the same year, automatic plants were installed in Calcutta.
1954 – The automatic plants were installed in the Mumbai plant. Also in the same year, the development of high-quality sliced and wrapped bread in India was initiated by the company and was first manufactured in Delhi.
1965 – A new bread bakery was set up in Delhi in the year 1965.
1975 – Britannia Biscuit Company takes over biscuit distribution from Parry’s during the year 1975.
1976 – The company introduced Britannia bread in Calcutta and Chennai.
1978 – The company made a Public issue in that Indian shareholding crossed 60%.
1979 – The Company redefined itself from Britannia Biscuit Company Limited to Britannia Industries Limited.
Fast forward to the Current Status of 2025 – Britannia is one of India’s oldest existing companies. It is now part of the Wadia Group headed by Nusli Wadia and is the owner of Britannia. The company’s revenue stood at INR 16,769.3crores INR in 2024. Varun Berry is the Executive Vice-chairman and Managing Director of Britannia Industries.
Ranjeet Kohli was the CEO of the company since 2022, and he resigned in March 2025.
Britannia – Mission
The mission statement of Britannia says, “To improve the financial health of our members and customers by satisfying their evolving borrowing, investment and housing needs.”
Bakery Products: Biscuits account for 95% of Britannia’s annual revenue. The company’s factories have an annual capacity of 433,000 tonnes. The brand names of Britannia’s biscuits include VitaMarieGold, Tiger Biscuits, Nutrichoice, Good day, 50-50, Treat, Pure Magic, Milk Bikis, Bourbon, Nice Time, and Little Hearts, amongst others.
In 2006, Tiger, the mass market brand, realized $150.75 million in sales, including exports to the U.S. and Australia. This amounts to 20% of Britannia’s revenues for that year.
Dairy Products: Dairy products contribute close to 5% to Britannia’s revenue. The company not only markets dairy products to the public but also trades dairy commodities business-to-business. Its dairy portfolio grew to 47% in 2000-01 and by 30% in 2001-02.
Britannia – Business Model
The company operates in two business segments, namely, bakery products and dairy products. The company derives ~95% of its revenue from the biscuits segment while ~5% of its total sales coming from the non-biscuits category (dairy) and the International market.
The company’s Dairy business contributes close to 5 per cent of revenue, and Britannia dairy products directly reach 100,000 outlets. Britannia Bread is the largest brand in the organized bread market, with an annual turnover of over 1 lac tons in volume and Rs.450 crores in value. The business operates with 13 factories and 4 franchisees, selling close to 1 million loaves daily across more than 100 cities and towns in India.
Between 1998 and 2001, the company’s sales grew at a compound annual rate of 16% against the market, and operating profits reached 18%. Presently, the company has been growing at 27% a year, compared to the industry’s growth rate of 20%. At present, 90% of Britannia’s annual revenue of Rs 22 billion comes from biscuits.
Britannia is one of India’s 100 Most Trusted brands listed in The Brand Trust Report. Britannia has an estimated market share of 38%.
Britannia – Financials
Britannia Industries has shown steady revenue growth over the years while managing its expenses efficiently. However, its net profit in FY24 declined by 7.8% compared to FY23.
Particulars
FY24
FY23
FY22
FY21
FY20
Revenue
INR 16,983.5 Crore
INR 16,516.4 Crore
INR 14,359.1 Crore
INR 13,449 Crore
INR 11,879 Crore
Expenses
INR 14,063.9 Crore
INR 13,864.6 Crore
INR 12,279.6 Crore
INR 10,935.6 Crore
INR 10,018.1 Crore
Net Profit/Loss
INR 2,134.2 Crore
INR 2,316.3 Crore
INR 1,516 Crore
INR 1,850.6 Crore
INR 1,393.6 Crore
Britannia Financials FY24
Revenue grew by 2.8% in FY24 over FY23, but net profit declined by 7.8% due to rising expenses.
Britannia Industries Revenue
Britannia has maintained steady revenue growth, supported by strong demand and expansion efforts.
Particulars
FY24
FY23
Revenue from Operations
INR 16,769.3 Crore
INR 16,300.5 Crore
Other Income
INR 214.2 Crore
INR 215.9 Crore
Total Revenue
INR 16,983.5 Crore
INR 16,516.4 Crore
Britannia Industries Profit/Loss
Despite revenue growth, profitability declined due to higher operational costs.
Particulars
FY24
FY23
Gross Profit
INR 2,919.6 Crore
INR 2,651.8 Crore
Operating Profit
INR 2,657.2 Crore
INR 2,079.3 Crore
Net Profit/Loss
INR 2,134.2 Crore
INR 2,316.3 Crore
Net profit declined by 7.8% in FY24, despite an increase in gross profit.
Britannia Industries Expenses
Expense management remains crucial for profitability, with higher costs affecting margins.
Particulars
FY24
FY23
Cost of Materials Consumed
INR 8,546.9 Crore
INR 8,326.7 Crore
Employee Benefits Expense
INR 708.7 Crore
INR 658.4 Crore
Finance Costs
INR 164.0 Crore
INR 169.1 Crore
Depreciation & Amortization
INR 300.5 Crore
INR 225.9 Crore
Other Expenses
INR 3,398.7 Crore
INR 3,220.0 Crore
Total Expenses
INR 14,063.9 Crore
INR 13,864.6 Crore
Total expenses increased by 1.4% in FY24, mainly due to higher raw material and employee costs.
Quick Summary:
Revenue Growth:2.8% increase in FY24, supported by strong sales demand.
Profitability Decline:Net profit fell by 7.8%, despite revenue growth.
Expenses Rise:1.4% increase in expenses, mainly due to higher material and employee costs.
Britannia – Acquisitions
Britannia Industries, India’s largest processed food company, has announced that it has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter’s 49 per cent Equity and Preference shareholding in Britannia New Zealand Foods Pvt Ltd (BNZF), their Joint Venture Company engaged in Dairy business. This acquisition is subject to Reserve Bank of India approval.
The company and its associates acquired majority stakes in Dubai-based Strategic Foods International LLC and Oman-based Al Sallan Food Industries in March 2007.
Britannia – Competitors
The top 10 competitors in Britannia Industry Limited’s competitive set are:
A businessman from Kerala, Rajan Pillai, secured control of the group in the late 1980s, becoming known in India as the ‘Biscuit Raja’. In 1993, the Wadia Group acquired a stake in Associated Biscuits International (ABIL) and became an equal partner with Groupe Danone in Britannia Industries Limited. It was referred to as India’s most dramatic corporate sagas. Pillai ceded control to Wadia and Danone after a bitter boardroom struggle, then fled his Singapore base to India in 1995 after accusations of defrauding Britannia, and died the same year in Tihar Jail.
Biscuit major Britannia Industries, the star amongst the Indian FMCG pack of late, says generating consumer demand remains the biggest challenge in the new year. FMCG companies in general, reported lacklustre results in recent quarters. But the biscuit maker’s numbers beat expectations, with the Bengaluru-based company’s profit margins at a record high in the last two quarters.
In a separate dispute from the shareholder matters, the company alleged in 2006 that Danone had violated its intellectual property rights in the Tiger brand by registering and using Tiger in several countries (in Indonesia in 1998 and later in Malaysia, Singapore, Pakistan, and Egypt) without its consent. Whilst it was initially reported in December 2006 that agreement had been reached, it was reported in September 2007 that a solution remained elusive. In the meantime, since Danone’s biscuit business has been taken over by Kraft, the Tiger brand of biscuits in Malaysia was renamed Kraft Tiger Biscuits in September 2008.
Britannia Industries is focusing on a region-specific strategy to compete with local players.
“We are ready to adapt our brand, flavors, pricing, and recipes to meet regional demands, which has been a strong advantage for us,” said Varun Berry, vice-chairman and managing director, during an investor call.
Addressing distribution challenges, Berry noted that Britannia lags behind competitors in the rural Hindi belt. The company remains committed to deepening its presence in urban markets while expanding its reach in rural areas.
FAQs
Is Britannia a FMCG company?
Yes, Britannia is a FMCG company and one of the favourite and oldest brands in India.
How many products are in Britannia?
Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. Its brand portfolio includes Tiger, Marie Gold, Good Day, 50:50, Treat, NutriChoice and Milk Bikis. BIL has a presence in more than 60 countries across the globe.
Britannia company is from which country?
Britannia is an Indian Company with headquarters in Kolkata.
How does Britannia make money?
Britannia company operates in two business segments to make money, namely, bakery products and dairy products.
When was Britannia founded?
Britannia was launched on 16 April 1953.
Who is Britannia founder?
A British businessman C.H. Holmes founded Britannia Biscuit Company in 1918.
Who is Britannia owner?
Wadia group is Britannia company owner.
What is Britannia logo meaning?
The Britannia logo symbolizes British strength and maritime heritage, featuring a helmeted female warrior with a trident and shield. This iconic representation traces its roots back to Roman depictions of Great Britain, reflecting the nation’s rich history and identity.
In the dynamic world of eCommerce, where efficiency and precision are paramount, Unicommerce stands as a beacon of innovation and reliability. Founded in 2012, Unicommerce has swiftly ascended to become India’s preeminent eCommerce enablement SaaS platform, setting new benchmarks in transaction processing and operational management.
What sets Unicommerce apart is its versatility. Unicommerce’s comprehensive suite of software as a service (SaaS) products is the lifeblood of its clients’ eCommerce operations. This suite empowers brands, sellers, and logistics service providers to manage their inventory across multiple locations, reduce fulfillment costs, and process orders from both online and offline channels with unparalleled efficiency.
With a steadfast client base and impressive growth metrics, Unicommerce is a powerhouse in the eCommerce sector. As of the quarter ending March 31, 2024, the platform boasts a staggering 790+ million annual transactions run-rate, serves over 3,500 eCommerce businesses, manages 8,600+ warehouses, and processes orders through 2,700+ stores. This consistent performance underscores Unicommerce’s pivotal role in the supply chain ecosystem.
As Unicommerce prepares for its IPO, it stands on the cusp of a new chapter, ready to further revolutionize eCommerce operations globally. The company’s relentless pursuit of excellence and innovation continues to drive its mission of transforming the eCommerce landscape, one transaction at a time.
Check this article to learn all the information about Unicommerce, its founders and history, its startup story, net worth, business model, revenue model, funding and investors, challenges, competitors, and more.
Unicommerce – Company Highlights
Company
Unicommerce
Headquarters
Gurugram, Haryana
Sector
Ecommerce enablement, SaaS
Founders
Ankit Pruthi, Karun Singla, Vibhu Garg, and Manish Gupta
Unicommerce is a leading eCommerce-focused supply chain SaaS technology platform that aims to streamline and optimize the supply chain management processes for various businesses. The company offers solutions that help businesses manage their orders, inventory, and warehouses efficiently, providing a seamless and integrated experience across multiple sales channels. Unicommerce serves clients across various sectors including eCommerce, retail, FMCG, and more.
Unicommerce – Industry
Unicommerce operates in the e-commerce SaaS (Software-as-a-Service) industry, which is growing quickly in India. The country’s SaaS market is expected to grow at a CAGR of 15-18%, crossing $50 billion in annual recurring revenue by 2030. This growth is driven by more businesses going digital, the rise of omnichannel retail, and companies looking for automation to improve efficiency. As a key player in this space, Unicommerce helps brands, retailers, and online sellers manage their supply chain and order processes more easily.
Retail Ecommerce Sales in India In 2019 to 2021, With Forecasts Until 2025
Unicommerce – Founders and Team
Unicommerce was founded in 2012 by IIT Delhi graduates Ankit Pruthi, Karun Singla, and Vibhu Garg. Later, in 2013, Manish Gupta joined as a co-founder.
In 2015, Snapdeal acquired Unicommerce, and as part of the deal, the founders agreed to stay with the company for two more years. By August 2017, after completing their commitment, all four founders, Pruthi, Singla, Garg, and Gupta, left the company.
Following their departure, Snapdeal appointed Kapil Makhija as CEO and Ankit Khandelwal as COO in July 2017 to lead Unicommerce. Later in 2019, Ankit Khandelwal also left the company.
As of February 2025, Kunal Bahl, co-founder of Snapdeal and a key figure in Unicommerce, remains associated with the company.
Kapil Makhija – CEO and MD, Unicommerce
Kapil Makhija – MD & CEO, Unicommerce
Kapil Makhija has been the CEO of Unicommerce since July 2017, leading its growth in the e-commerce SaaS sector. Before this, he was Head of Strategy & Operations from 2015 to 2017, focusing on seller onboarding, support, and retention.
He formerly worked at A.T. Kearney as a Senior Associate, advising businesses on strategy, supply chains, and market growth. Earlier, he held software engineering roles at Oracle and Qwest Software Services.
Kapil studied Computer Science at IIT Delhi and earned an MBA from IIM Bangalore. He also attended UNC Kenan-Flagler Business School as an exchange student.
Unicommerce – Startup Story
In 2012, IIT Delhi graduates Ankit Pruthi, Manish Gupta, and Kapil Makhija noticed the inefficiency in the back-end operations of India’s booming e-commerce market. Leveraging their technical skills, they aimed to create a solution to streamline order and inventory management for e-commerce companies. After extensive research into supply chain management, they launched Unicommerce, a SaaS platform designed to automate and simplify these complex operations, enabling businesses to focus on growth.
Unicommerce was established in 2012 with the vision of simplifying and automating the supply chain operations for eCommerce businesses. The startup began its journey by developing a robust platform that could handle the complexities of order and inventory management. Through continuous innovation and customer feedback, Unicommerce evolved its platform to cater to diverse industry needs, eventually becoming a trusted partner for many leading brands.
Unicommerce – Mission and Vision
Mission: Unicommerce aims to empower businesses by providing them with intelligent and scalable supply chain solutions that drive efficiency and growth. The company is committed to innovation, customer satisfaction, and excellence in service delivery.
Vision: Unicommerce envisions becoming the global leader in supply chain technology solutions, enabling businesses of all sizes to achieve operational excellence and unparalleled customer satisfaction.
Unicommerce – Name, Tagline, and Logo
Unicommerce Logo
Name: The name “Unicommerce” signifies the company’s unified approach towards commerce and supply chain management.
Tagline: “Simplifying E-commerce Operations”
Logo: The logo represents connectivity and seamless integration, reflecting the company’s core values of efficiency and simplicity in supply chain management.
Unicommerce – Business Model
Unicommerce operates on a B2B SaaS model, offering subscription-based access to its supply chain management platform. The company provides various modules and services that cater to different aspects of supply chain operations, such as order management, inventory control, warehouse management, and analytics. Clients can choose from different pricing tiers based on their business size and requirements.
Unicommerce – Revenue Model
Unicommerce has shown consistent revenue growth in recent years.
Unicommerce Financials
FY23
FY24
Operating Revenue
INR 90.06 crore
INR 103.58 crore
Total Expenses
INR 84.11 crore
INR 91.95 crore
Server Hosting Expense
INR 5.4 crore
INR 5.41 crore
Employee Benefit Expenses
INR 62.02 crore
INR 64.96 crore
Profit/Loss
INR 6.48 crore
INR 13.08 crore
Unicommerce Financials FY24
FY23: The company reported a revenue of INR 90 crore, marking a 52.5% year-on-year growth compared to INR 59 crore in FY22.
FY24: Unicommerce’s revenue further increased to INR 103 crore, showcasing a growth of 14% year-on-year.
Unicommerce generates revenue primarily through subscription fees for its SaaS platform. The company offers different pricing plans that vary based on the number of users, features, and level of support. Additional revenue streams include professional services such as implementation support, training, and consulting.
Unicommerce – Challenges Faced
Like any growing company, Unicommerce has faced several challenges, including:
Market Competition: The presence of other established supply chain management solution providers.
Scalability: Ensuring the platform can handle large volumes of transactions and data as the client base grows.
Customer Retention: Continuously innovate to meet evolving customer needs and retain clients in a competitive market.
Integration: Creating seamless integrations with various eCommerce platforms and third-party services.
Unicommerce – Funding and Investors
Unicommerce has raised capital through multiple funding rounds to fuel its growth and expansion. The company has attracted investments from prominent venture capital firms and strategic investors who believe in its vision and business model. Notable investors include Tiger Global Management and Bessemer Venture Partners.
Unicommerce ESolutions has raised a total of $11 million in funding over 4 rounds. Their latest funding was raised on Dec 16, 2021 from a Venture – Series Unknown round.
Announced Date
Transaction Name
Number of Investors
Money Raised
Lead Investors
Dec 16, 2021
Venture Round – Unicommerce ESolutions
1
—
SoftBank Vision Fund
Nov 7, 2014
Venture Round – Unicommerce ESolutions
1
$10 million
Tiger Global Management
May 28, 2013
Venture Round – Unicommerce ESolutions
1
—
Nexus Venture Partners
Dec 30, 2012
Series A – Unicommerce ESolutions
—
$1 million
—
Unicommerce – Investments
Unicommerce has strategically invested in technology development, market expansion, and talent acquisition to strengthen its market position. The company focuses on enhancing its platform capabilities, improving customer support, and expanding its presence in key markets.
Investors
Unicommerce ESolutions is funded by 3 investors. SoftBank Vision Fund and Tiger Global Management are the most recent investors.
Investor Name
Lead Investor
Funding Round
Partners
SoftBank Vision Fund
Yes
Venture Round – Unicommerce ESolutions
—
Tiger Global Management
Yes
Venture Round – Unicommerce ESolutions
—
Nexus Venture Partners
Yes
Venture Round – Unicommerce ESolutions
Anup Gupta
Unicommerce – IPO
In August 2024, Unicommerce eSolutions launched its Initial Public Offering (IPO) with shares priced between INR 102 and INR 108. The IPO received overwhelming interest, being oversubscribed 168.35 times by the closing date on 8th August 2024. On 13th August 2024, Unicommerce’s shares debuted on the stock market at INR 230 on the BSE, marking a 113% premium over the issue price, and at INR 235 on the NSE, reflecting a 118% premium. This strong market performance clearly showed investor confidence in Unicommerce.
Unicommerce – Mergers and Acquisitions
Over the years, Unicommerce has explored opportunities for mergers and acquisitions to enhance its product offerings and market reach. These strategic moves have helped the company to integrate complementary technologies and gain access to new customer segments.
In 2015, Unicommerce was acquired by Snapdeal to promote Jasper.
Unicommerce has witnessed significant growth since its inception, marked by an expanding customer base, increased revenue, and geographical expansion. The company’s commitment to innovation and customer satisfaction has earned it a strong reputation in the industry. Unicommerce continues to grow by entering new markets and forming strategic partnerships.
Unicommerce – Advertisements and Social Media Campaigns
Unicommerce leverages various marketing channels to promote its brand and solutions. The company runs targeted advertisements on digital platforms, participates in industry events, and engages with its audience through social media campaigns. These efforts aim to build brand awareness, generate leads, and educate the market about the benefits of its supply chain solutions.
Unicommerce – Awards and Achievements
Unicommerce has received several accolades and awards for its innovative solutions and contributions to the eCommerce and retail industry. These recognitions include industry awards for best supply chain management platform, customer excellence awards, and technology innovation awards.
It has won the 2023 SaaS Awards for Best SaaS Product For Supply Chain/Warehouse Management.
Unicommerce – Competitors
Unicommerce faces competition from other supply chain management solution providers such as:
These competitors offer similar solutions and target the same market segments, making it crucial for Unicommerce to continuously innovate and differentiate its offerings.
Unicommerce – Future Plans
Unicommerce aims to further solidify its position as a leader in supply chain management by:
Expanding Globally: Entering new international markets to serve a broader customer base.
Enhancing Product Offerings: Continuously improving and adding new features to its platform.
Strategic Partnerships: Forming alliances with key industry players to enhance its ecosystem.
Innovating with Technology: Exploring new technologies such as AI and blockchain to enhance supply chain efficiency and transparency.
These future plans are aligned with Unicommerce’s mission to empower businesses through intelligent supply chain solutions and drive efficiency and growth across the e-commerce ecosystem.
FAQs
What is Unicommerce?
Unicommerce is a leading eCommerce-focused supply chain SaaS technology platform that aims to streamline and optimize the supply chain management processes for various businesses.
When was Unicommerce founded?
Unicommerce was founded in 2012.
When was Unicommerce IPO launched?
In August 2024, Unicommerce eSolutions launched its Initial Public Offering (IPO) with shares priced between INR 102 and INR 108.
Dubai has come to be regarded as a global wealth-making place, hosting a rare amalgam of various strategic positions, visionary and risk-takers of decisions, and an upbeat economy.
The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over 3 billion markets. The Dubai International Financial Centre (DIFC) offers interstitial assurance to the financial services domain, while the initiatives in AI, Web3, and data analytics foster the necessary innovation.
The boom in the real estate sectors, courtesy of Expo 2020 advantages and sustainable development, is ripe with opportunities.
Here is a list of the top 30 richest people in Dubai.
Pavel Durov, who was born on 10th October 1984 in Russia, an IT entrepreneur, is a person known for founding Telegram. He moved the headquarters of Telegram to Dubai in 2017. He was ranked 120th on the billionaire’s list of Forbes in 2023, with a personal worth of $15.5 billion as of 25th August 2024, and is one of the richest man in Dubai.
In February 2023, Arabian Business called him the most powerful entrepreneur in Dubai. Durov is a supporter of Internet freedom and uses his platform to speak against laws that impose restrictions. He has citizenship in Russia, Saint Kitts and Nevis, UAE, and France; since 2021. Durov has an impact around the world.
Mohammed Bin Rashid Al Maktoum
Name
Sheikh Mohammed bin Rashid Al Maktoum
Position
UAE vice president and prime minister
Net Worth
$18 billion
Richest Person in Dubai – Sheikh Mohammed bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, and currently the UAE vice president and prime minister, was born on July 15, 1949. He became the ruler of Dubai on January 4, 2006, following the death of his brother Sheikh Maktoum bin Rashid Al Maktoum; the next day, he was appointed vice president of the UAE and approved as prime minister on February 11 and is one of the top 10 richest person in Dubai.
A billionaire deriving most of his fortune from real estate served mainly within the world of development. Given his blurred line of state and personal assets, his worth is said to be around $14 billion in 2025.
Sunil Vaswani
Name
Sunil Vaswani
Position
Chairman of Stallion Group
Net Worth
$1.6 billion
Richest Person in Dubai – Sunil Vaswani
Sunil Vaswani, who was born on July 11, 1963, in Jaipur, India, is one of the Nigerian billionaires of Indian origin. He is also the chairman of Stallion Group, a Dubai-based conglomerate with interests in roads, foods, steel, plastics, and petrochemicals. Stallion Group has grown under his leadership to include outlets in Asia, the United Arab Emirates, and Africa, as well as acting as a representative of international brands and industries such as rice milling and vehicle assembly. He lives in Emirates Hills in Dubai and is of dual nationality, holding both Nigerian and British citizenship. As of February 2025, Forbes estimated his worth at $7.48 billion.
M.A Yusuffali
Name
M. A. Yusuff Ali
Position
Chairman of Lulu Group International
Net Worth
$5.8 billion
Richest Person in Dubai – M. A. Yusuff Ali
M. A. Yusuff Ali, a businessman who was born on November 15, 1955, in Nattika, Kerala, is now an Indian billionaire and the chairman of Lulu Group International. He moved to Abu Dhabi in 1973 to turn his uncle’s distribution business into a multinational empire: his Lulu Group has over 250 hypermarkets and most malls in the Middle East, Asia, and Europe, making an annual turnover of $ 8.4 billion with the largest Indian diaspora workforce.
He was the top Indian businessman in the Arab region according to Forbes Middle East in 2018. By 2025, his net worth will be calculated at about $6.4 billion.
Joy Alukkas
Name
Joy Alukkas
Position
Chairman Joyalukkas Group
Net Worth
$4.4 billion
Richest Person in Dubai – Joy Alukkas
Joy Alukkas, born on September 4, 1956, in Thrissur, Kerala, is chairman of Joyalukkas Group, the largest jewel retail chain. Coming from a family background as a jeweler, he started the brand in the year 2001 and has expanded the brand to more than 160 showrooms in 11 countries. The Middle East remains a stronghold for the brand. His business prides itself before the court of customer service and quality production, while at the same time operating under Joyalukkas Exchange and Joyalukkas Lifestyle Developers. He is a great philanthropist involved in various social service initiatives. He stays in Dubai and keeps building new avenues. As of Feb 2025, Forbes estimated his net worth to be $4.4 billion, thereby making possible checks on him as a key figure in the global jewelry market.
Hussain Sajwani
Name
Hussain Sajwani
Position
Founder DAMAC Properties
Net Worth
$5.1 billion
Richest Person in Dubai – Hussain Sajwani
Hussain Sajwani, a UAE born back in 1952 or 1953, is the brains of DAMAC Properties, the largest luxury real estate developer across the Middle East. Joining Abu Dhabi Gas Industries in 1981 as a finance officer, Sajwani saw entrepreneurship by launching Global Logistics Services, a catering company, in 1983. He founded DAMAC Properties in 2002 and developed around 27,400 homes under it. According to estimates in August 2024, Sajwani’s net worth is estimated at $5.1 billion. The company has formed partnerships with luxury brands such as Versace, Fendi, and Roberto Cavalli. In 2025, he and Donald Trump announced a $20 billion investment in U.S. data centers.
Abdulla Bin Ahmad Al Ghurair
Name
Abdulla bin Ahmad Al-Ghurair
Position
Founder of Mashreqbank
Net Worth
$3.9 billion
Richest Person in Dubai – Abdulla bin Ahmad Al-Ghurair
Born in or around 1930, Abdulla bin Ahmad Al-Ghurair is an Emirati billionaire who is the founder of Mashreqbank. Although he resigned as chairman in October 2019, he continues to be a board member. He also founded Oman Insurance in 1975, re-branded as Sukoon in 2022, while his construction company was pivotal in the development of Dubai Metro and for the external cladding of Burj Khalifa. Forbes’s real-time calculations on February 12, 2025, pegged his family’s valuation at $4.7 billion, while some report it as $4.9 billion. He has diversified sources of income, with a net worth increment of $911.59 million as of 2023.
Sunny Varkey
Name
Sunny Varkey
Position
Founder and executive chairman of GEMS Education
Net Worth
$3.8 billion
Richest Person in Dubai – Sunny Varkey
Sunny Varkey, born April 9, 1957, in Kerala, India) is a Dubai-based entrepreneur and philanthropist. He is the founder and executive chairman of GEMS Education, the largest private K-12 school operator in the world. He was raised by teacher parents who moved to Dubai in 1959; after spending some time in banking, trading, and health care, he began to develop his family school. The formal establishment of GEMS Education was in 2000, offering varying curricula with a worldwide scope. He is also the chairman of the Varkey Group and has established the Varkey Foundation for improving education across the globe. As of February 2025, his estimated net worth is $4 billion.
Feroz Allana
Name
Feroz Allana
Position
Founder of the Allana Group
Net Worth
$4.3 billion
Richest Person in Dubai – Feroz Allana
Feroz Allana is a UAE businessman active since 1975, and he is one of the founders of the Allana Group; the IFFCO Group mammoth conglomerate based in the UAE professing business in consumer products the other. Under his stewardship, IFFCO burgeoned into 38 factories located in 37 countries, producing over $7 billion a year with a workforce of more than 12,500 employees; its products touch consumers in 101 countries across the world. His estimated net worth as of November 2024 is about $4.3 billion, making him one of the foremost business personalities in the UAE.
Ravi Pillai
Name
Ravi Pillai
Position
Founder and chairman of RP Group
Net Worth
$4.3 billion
Richest Person in Dubai – Ravi Pillai
B. Ravi Pillai was born in the year 1953 on the second day of September. An Indian businessman per se, now residing in Dubai, and the founder and chairman of RP Group, the transnational corporate giant that spans businesses from construction, hospitality, steel, and cement to oil and gas. He started up an engineering contracting firm in the Kerala state but later shifted to Saudi Arabia to make a home in 1978 after a labor strike.
There, he founded Nasser S. Al Hajri Corporation (NSH) which thereafter became the flagship of RP Group. As of 2023, Forbes calculated his net worth at $3.5 billion, pegging him as one of the top business personalities in the Middle East.
Abdulla Al Futtaim
Name
Abdulla Al Futtaim
Position
Founder of Al-Futtaim Group
Net Worth
$2.6 billion
Richest Person in Dubai – Abdulla Al Futtaim
Abdulla Al Futtaim is an Emirati billionaire businessman, investor, and philanthropist who owns Al-Futtaim Group, a diverse conglomerate engaged in automotive, retail, real estate, financial services, and healthcare. His businesses also include Al-Futtaim Motors, the exclusive distributor of Toyota, Lexus, and Hino in UAE, and the association with Al-Futtaim Trading, Real Estate and Retail arms. In 2000, the Al-Futtaim family separated business interests with Abdulla running the automotive and retail while his late cousin Majid Al Futtaim was given the property development area. Forbes assesses the billionaire’s case to be worth $2.9 billion in February 2025.
Shamsheer Vayalil
Name
Shamsheer Vayalil Parambath
Position
Founder and chairman of Burjeel Holdings
Net Worth
$2.1 billion
Richest Person in Dubai – Shamsheer Vayalil Parambath
Shamsheer Vayalil Parambath, a radiologist and businessman, was born on January 11, 1977. He is the founder and chairman of Burjeel Holdings, one of the leading healthcare providers in the Middle East. Through his family office, VPS Healthcare, he manages a wide-ranging investment portfolio that includes Burjeel Holdings, RPM, LifePharma, Lakeshore Hospital, Ziva, Keita, and Educare Institute. He is also the vice-chairman and Geschäftsführer of Amanat Holdings.
Vayalil began his career as a radiologist at Sheikh Khalifa Medical City in Abu Dhabi. In 2007 he opened his first hospital, the LLH Hospital, in Abu Dhabi. In the following twelve years, his company VPS Healthcare would inaugurate 20 hospitals in three countries. Currently, there are over 23 medical centers run by VPS Healthcare, with almost 13,000 employees across the Middle East. Vayalil’s net worth stands at $2.6 billion as of 2023 making him one of the richest man in Dubai.
Raghuvinder Kataria
Name
Raghuvinder Kataria
Position
Chairperson of Kataria Holdings
Net worth
$ 2.1 billion
Richest Person in Dubai – Raghuvinder Kataria
Raghuvinder Kataria, a British billionaire businessman born in April 1949 in Jinja, Uganda, has a major interest in telecommunications and real estate. At 16, he moved to London, where he became a chartered accountant and began his career with International Computers Limited (ICL) before assuming the role of European treasurer. He set up Jasmine Telecom in Thailand, which merged with Bharti Enterprises, and received a load of money for a minority stake in Bharti Airtel for approximately $500 million. Apart from being chairperson of Kataria Holdings, based in Dubai, he manages investments focusing on infrastructure and financial services. Forbes reports a net worth of $2.1 billion in February 2025.
Saket Burman
Name
Saket Burman
Position
Vice-chairman of Dabur
Net worth
$ 1.4 billion
Richest Person in Dubai – Saket Burman
Saket Burman, the British billionaire businessman, was born in either 1976 or 1977; he is the vice-chairman of Dabur Ltd., a top-end consumer goods company. Upon the death of his father Sidharth Burman in 2015, he inherited a 12.4 percent stake in Dabur. After completing a bachelor’s degree in marketing and finance from the University of Wisconsin-Madison, he rose to senior management positions in the company. He is also a director of Dabur International Ltd., based in Dubai. He leads an international life, having residences in Dubai, London, and Delhi. In 2025, Forbes estimated his net worth to be $1.5 billion, mostly from his stake in Dabur.
Philip Day
Name
Philip Day
Position
Chairman – Edinburgh Woollen Mill
Net worth
$ 1.2 billion
Richest People in Dubai – Philip Day
Philip Day is a billionaire businessman from the United Kingdom, born in October 1965, who resides in Dubai and serves as the owner and chief executive officer of The Edinburgh Woollen Mill Group, which includes Peacocks and Bonmarché. He began his career at Coats Viyella and later became Joint Managing Director of Aquascutum. He joined The Edinburgh Woollen Mill in 2001 and led the buyout of that company in 2002. Under his management, the acquisitions of other companies such as Ponden Mill, Rosebys, and Jaeger were carried out by Edinburgh Woollen Mill. Known for turning around ailing retail chains, he bought Peacocks in 2012. Forbes estimates that his net worth is $1.2 billion as of February 2025.
Divyank Turakhia
Name
Divyank Turakhia
Position
Co-founder of Directi
Net worth
$ 1.8 billion
Richest People in Dubai – Divyank Turakhia
Divyank Turakhia, one of the billionaires in Dubai was born on January 29, 1982. He is an entrepreneur and investor of Indian origin, working extensively in technology and advertising. At 18, he co-founded Directi with brother Bhavin, who later founded multiple successful ventures, including Media.net, sold in 2016 for $900 million—one of the largest-ever ad-tech deals. Dubbed one of the youngest billionaires, he loves learning, flying, and scuba diving and splits his time between Dubai, Los Angeles, London, and San Francisco. According to Forbes, he has a projected net worth of $1.8 billion as of February 2025, signifying his imprint on the tech sector as an innovative entrepreneur and vision-driven investor.
Mohammed Khalaf Al Habtoor
Name
Mohammed Khalaf Al Habtoor
Position
Chairman and CEO of Al Habtoor Group
Net worth
$ 1.5 billion
Richest People in Dubai – Mohammed Khalaf Al Habtoor
Mohammed Khalaf Al Habtoor, one of the billionaires in Dubai was born on September 30, 1968. He is Vice Chairman and CEO of Al Habtoor Group, one of the leading Emirati conglomerates involved in hospitality, automotive, real estate, and education. Son of the founder Khalaf Al Habtoor, Mohammed Khalaf received a degree in Hotel and Restaurant Management and played a crucial role in almost all major developments in Dubai, including Al Habtoor City and Waldorf Astoria Dubai Palm Jumeirah. Based out of Dubai, he deals with a myriad of activities involving all the different business ventures of the group as well as their philanthropic undertakings. Forbes estimates their worth at $1.5 billion as of February 2025, which underscores his influence within the UAE corporate landscape.
Abdulla Al Naboodah
Name
Abdullah Al Naboodah
Position
Chairman of the Saied and Mohammed Al Naboodah Group
Net worth
$ 1.5 billion
Richest People in Dubai – Abdullah Al Naboodah
Abdullah Al Naboodah is an eminent Emirati businessman and chairman of the Saied and Mohammed Al Naboodah Group, a major Dubai-based conglomerate having diverse interests in realms including construction, real estate, automotive, and investment. Starting humbly as a management trainee in 1978, he grew and led the group through major developments and into involvement with big projects throughout the UAE. Besides his industrial ventures, he has made tremendous contributions to sports in the UAE, serving since 2010 as the chairman of Al Ahli Club and Al Ahli Football Company. Forbes estimates that in February 2025, he had a net worth of $1.5 billion and he is one of the richest men in Dubai.
Saeed Bin Butti Al Qebaisi
Name
Abdullah Al Naboodah
Position
Chairman of the Saied and Mohammed Al Naboodah Group
Net worth
$ 1.5 billion
Richest People in Dubai – Saeed Bin Butti Al Qebaisi
Saeed Bin Butti Al Qebaisi is a famous Emirati businessman and chairman of Centurion Investments, a private equity firm in Abu Dhabi. With a diverse range of interests spanning healthcare, money exchange, and retail, he has been director of the boards of NMC Health Plc and Tasameem Real Estate Co. LLC. His leadership has helped many sectors of growth in the UAE. Based out of Abu Dhabi, he constantly oversees his investments and businesses. Forbes estimates his net worth at $1.2 billion in February 2025, establishing him as a highly influential person on the Emirati business scene.
Azad Moopen
Name
Azad Moopen
Position
Founder of Aster DM Healthcare
Net worth
$ 1.1 billion
Richest People in Dubai – Azad Moopen
Azad Moopen, born on July 28, 1953, hails from Kalpakanchery, Kerala, India. He is a prominent healthcare entrepreneur and is behind Aster DM Healthcare. After being a medical lecturer, he traveled to Dubai in 1987 to establish Aster DM Healthcare, the country that now runs over 697 hospitals, clinics, and pharmacies in seven countries. Through the Aster DM Foundation, Moopen is known for being dedicated to affordable and high-quality healthcare and various philanthropic initiatives. The Padma Shri Award was given to him in 2011 as a recognition of his accomplishments. As of February 2025, he has an estimated net worth of 1.1 billion USD, according to Forbes, and resides in Dubai.
Micky Jagtiani
Name
Micky Jagtiani
Position
Chairman of Landmark Group
Net Worth
$3 billion
Richest People in Dubai – Micky Jagtiani
Mukesh Wadhumal Jagtiani aka Micky Jagtiani is one of the top billionaire businessmen in Dubai. He was born in India and has an established UAE based business. He is the owner and chairman of Landmark Group, based in Dubai.
Micky Jagtiani is known for its remarkable Landmark retail stores. His business provides livelihood to more than 45000 people. There are more than 1000 stores of Landmark Group across the Middle East, Persian Gulf region and India.
Saif Al Ghurair
Name
Saif Al Ghurair
Position
Al Ghurair Group
Net Worth
$1.7 billion
Richest People in Dubai – Saif Al Ghurair
Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group.
He is known for his tremendous investments that always bring profitable results. He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates.
B.R Shetty
Name
B.R Shetty
Position
Chairman, NMC Health and Finablr
Net Worth
$3.15 billion
Richest People in Dubai – B.R Shetty
Bavaguthu Raghuram Shetty, one of the billionaires in Dubai is the founder, and acquirer of the United Arab Emirates companies accommodating Abu-Dhabi-based NMC Health, BRS Ventures, Neopharma, and Finablr. B.R. Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai. Also, ranked as the 42nd richest person in 2020.
B.R. Shetty began his career with his interest in hospitals and hospitality. He then expanded into the financial services, advertising, pharmaceuticals, information technology, and retail business.
Richest People in Dubai – Vinod Shantilal Shah Adani
The Indian businessman and head of Adani Group of Industries, Vinod Shantilal Shah Adani is the director of Trident Trade and Investment Private Ltd, Radiant Trade and Investment Private Ltd, Adani Power Pte Ltd, Venture Trade and Investment Private Ltd, Pride Trade and Investment Private Ltd, Adani Power (Overseas) Limited, Adani Global Limited, Adani Global FZE, Adani Enterprises Ltd, and Adani Bunkering Pte. Ltd.
Vinod Shantilal Shah Adani is the elder brother of Gautam Adani. Since 2016, the Adani Group has kept lowkey from the media reports because of the major issue of the offshore entities in the Panama Papers.
The richest-ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies in the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region, and the Middle East.
Majid Al Futtaim Holdings’ turnover is around US$8.8 billion in revenue and made a profit in 2017 of up to US$600 million. It owns the exclusive rights to manage the franchises of All Saints, Carrefour, Abercrombie & Fitch, and Lululemon Athletica.
Abdullah bin Ahmad Al Ghurair
Name
Abdullah bin Ahmad Al Ghurair
Position
Chairman, Mashreqbank
Net Worth
$4.9 billion
Richest People in Dubai – Abdullah bin Ahmad Al Ghurair
Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank. His wealth can be easily estimated by the standard of the bank. He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO.
Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with an interest of real estate and food construction.
Founder, Advanced Info Services and Shin Corporation
Net Worth
$1.8 billion
Richest People in Dubai –Thaksin Shinawatra
Thaksin Shinawatra is a Thai businessman who is also a well-known politician and visiting professor. He served Thai in the Department of Thai Police for 14 years (1973-1987). Then he was elected as the Prime Minister of Thailand for 5 years (2001-2006). But, with the abundance of power, in 2008 he was found guilty of corruption. That’s why now he is living in self-exile.
Thaksin Shinawatra is the founder of Advanced Info Service which is a mobile phone operator company and the Shin Corporation which is an IT and telecommunications alliance-based company. This made him on the list of the richest people in Thailand.
Abdullah Al Futtaim
Name
Abdullah Al Futtaim
Position
Al-Futtaim Group
Net Worth
$2.1 billion
Richest People in Dubai – Abdullah Al Futtaim
The Emirati billionaire who is the fellow cousin of Majid Al Futtaim and owner of the Al-Futtaim Group, Abdullah Al Futtaim is counted as one of the richest men in Dubai.
Abdullah Al Futtaim owns the nationality of Emirati with a net worth of 2.1 US billion dollars. He specialized in the field of retail and real estate, and operations in the automotive industry. Abdullah Al Futtaim is the CEO of Al-Futtaim Private Company LLC.
Lubna Khalid Ali Qasimi
Name
Lubna Khalid Ali Qasimi
Position
Leader, Emirati Party and Member of Sharjah
Net Worth
$1-5 billion
Richest People in Dubai – Lubna Khalid Ali Qasimi
The Emirati Politician and member of the ruling family of Sharjah, Lubna Khalid Ali Qasimi is one of the most powerful women in the world. Previously, she has served as the Minister of State for Tolerance, Minister of Economics and Planning of the United Arab Emirates, and Minister of State for International Cooperation. Lubna Khalid Ali Qasimi is the first woman ever to serve as a minister in the United Arab Emirates.
She has graduated from the California State University, Chico with a bachelor’s in Computer Science. She completed her Executive MBA from the American University of Sharjah.
In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular woman in the world. She won the ITP Best Personal Achievement Award in 2000. Moreover, she was honored as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.
Bernard Arnault
Name
Bernard Arnault
Position
Chairman – LVMH and Christian Dior SE
Net Worth
$192 billion
Bernard Arnault
Bernard Jean Étienne Arnault, the French Billionaire businessman, investor and art collector, is the chief executive and chairman of LVMB Moët Hennessy – Louis Vuitton SE which is the largest luxury goods company around the world.
Bernard Arnault is counted among the top billionaires in the UAE. According to Forbes, Bernard Arnault is the wealthiest man in the world. His estimated net worth is around US$192 billion.
Conclusion
Dubai is one of the most popular cities in the world and one of the major cities of the United Arab Emirates (UAE). The city has one of the highest percentages of people with top-notch wealth. Most of the billionaires of Dubai are listed as the top billionaires of the world. Dubai is the largest city in the UAE which is known as the hub of business and culture. Dubai is the home to tons of famous and rich, wealthy people in the world.
Dubai is a very busy port thronging with billionaires. Businessmen and women from different professions like information technology, real estate, retail, and healthcare are paying a visit now and then to Dubai. Here is Pavel Durov, founder of Telegram, 2025, who stood with a net worth of $15.5 billion. Wealth is derailed and sways with market changes. The durability of the structure good location and friendliness combined are the ones that made this city never parched for high network people.
FAQs
Who is the richest person in Dubai?
Dubai billionaires own some of the most luxurious properties and businesses in the world. Pavel Durov is the richest man in the UAE and the youngest self-made billionaire in the region in 2021. He was named the richest UAE resident in 2021 by Forbes magazine with a wealth of $17.2 billion.
Who is the richest woman in Dubai?
Huda Kattan is known as the richest woman in Dubai. She is an American makeup artist, beauty blogger, and entrepreneur and is also the founder of the cosmetics line Huda Beauty.
Who is Dubai’s richest kid?
Rashid Belhassa is the richest kid in Dubai.
Who are the top 10 richest people in Dubai?
Here are the top 10 richest people in Dubai:
Sunny Varkey
Micket Jagtiani
M.A Yusuff Ali
Modhammed Khalaf Al Habtoo
Saif Al Ghurair
B.R Shetty
Shamsheer Vayalil
Saket Burman
Philip Day
Divyan Turakhia
What are the best businesses in Dubai for Indians?
Some of the best businesses in Dubai for Indians are associated with:
E-Commerce
Healthcare
Construction
Beauty
Travel and Tourism
Real Estate Agency
Handyman Business
Consultancy Service
Is Dubai the richest city in the world?
Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world.
In this insightful interview with StartupTalky, Salloni Ghodawat, Director of Ghodawat Consumer Ltd. (GCL), discusses the company’s mission to enhance lives through affordable, high-quality essentials while promoting consumer health and nutrition. Ghodawat shares GCL’s commitment to food safety, advanced manufacturing practices, and innovative product lines like the “To Be Honest” range of nutritious, vegan-friendly snacks. She also touches on GCL’s business model, growth strategies, and dedication to sustainability, while addressing key trends and challenges in the fast-evolving FMCG and nutrition industries.
StartupTalky: Can you briefly describe Ghodawat Consumer Ltd’s mission and its focus on nutrition?
Ms. Ghodawat: GCL’s mission is to enhance lives globally through continuous innovation, expanding product lines, and ensuring that consumers worldwide have access to daily essential, high-quality products at reasonable prices. We ensure our food staples are accessible and meet the highest quality standards, promoting consumer health and well-being. GCL prioritizes staples like rice, wheat, pulses, and flour, which are essential for daily nutrition in rural areas, to provide safe, nutrient-rich foods for overall health.
The quality and safety of non-branded staples can leave much to be desired. These kinds of foods may not undergo necessary tests aimed at ensuring their safety hence exposing consumers to various health problems including digestive complications, and lack of nutrients among others. There are reports about pesticide residues existing in such raw materials sometimes due to chemicals being used in farms as herbicides or insecticides, etcetera.
We are proud of our consistent commitment to maintaining the most rigorous hygienic requirements for our products. Our products undergo stringent quality control measures in state-of-the-art laboratories, where they are tested for purity, nutritional content, and safety. We adhere strictly to government-mandated quality compliances, ensuring that every product meets or exceeds the established standards for food safety and nutrition. By focusing on quality and safety, GCL not only enhances the lives of consumers but also contributes to the overall improvement of public health, particularly in rural areas where the availability of safe and nutritious food is paramount.
StartupTalky: How does GCL ensure its products meet nutritional standards while keeping them affordable?
Ms. Ghodawat: Our dedication to providing nutritious products at reasonable rates starts with sourcing the best quality raw materials. We pick the best rice, wheat atta, and edible oil that fulfill strict quality standards. The careful choice of these is the initial step towards making sure that all our products are not only good for health but also affordable to buy.
Such raw materials are processed in our modern facilities where advanced technologies play vital roles in maintaining intrinsic properties as well as nutritional values. To minimize contact with people to prevent contamination and ensure uniform product quality, these plants have been built with the need for minimum human interference. Automation ensures precise, high-standard processing while upholding strict hygiene and safety measures.
The To Be Honest (TBH) product line is a great representation of our commitment to quality. The TBH snacks are made of real fruits and veggies, which are not only gluten-free but also vegan-friendly. The TBH range is processed using cutting-edge techniques that preserve the nutritional content of the raw materials while enhancing flavor and texture. We ensure that every bite gives maximum health benefits by using gentle processing methods that avoid excessive heat or chemicals, thereby retaining the essential nutrients that make our products both nutritious and delicious.
Thus, starting from scratching the whole notion of quality together with also being efficient at processing has always made it easier for us to provide people with what they need without compromising on prices. This also goes down well with our general idea i.e., we want everyone, every day to be able to eat healthy food.
StartupTalky: What is the process behind developing new products like the ‘To Be Honest’ range?
Ms. Ghodawat: These days, people are increasingly becoming health conscious of what they consume, and what benefits they avail. They have understood the importance of making mindful choices that cater to their nutritional needs, and at the same time, their lifestyle and well-being goals, and there is a growing preference for products that offer a balance of health and taste, leading many consumers to seek out options that support their overall well-being without compromising on flavor or quality.
Recognizing this shift, we embarked on the journey to develop our ‘To Be Honest’ range – a product line crafted to meet the needs of today’s discerning consumers who prioritize health without compromising on taste and quality.
The development process begins with understanding consumer trends and preferences. We noticed that when given a choice, a significant number of consumers expressed a strong interest in shifting towards healthier alternatives. Our goal was to offer products that cater to this demand, providing options that are both nutritious and delicious. The ‘To Be Honest’ range is a testament to our dedication to innovation and our commitment to meeting the evolving needs of both our rural and urban consumers.
StartupTalky: What strategies does GCL use to identify and develop new product categories?
Ms. Ghodawat: To identify new product segments, GCL leverages insights into emerging trends, such as the growing consumer shift toward healthier choices. As health and wellness become top priorities for consumers, we closely monitor market trends that indicate a growing demand for products that support a healthier lifestyle. This awareness informs our research and development (R&D) efforts, allowing us to innovate and create products that align with these preferences.
Our R&D team is dedicated to exploring new ingredients, formulations, and processes that meet the evolving needs of today’s health-conscious consumers. In addition to monitoring trends, GCL also focuses on identifying the specific product needs of different generations, each with its unique lifestyle demands. This proactive approach is key to our ongoing innovation and our ability to deliver products that resonate with a broad and diverse customer base.
StartupTalky: What is GCL’s business model and how does it support your growth in the FMCG sector?
Ms. Ghodawat: GCL has a strong and highly efficient distribution framework where channel partners help products reach consumers directly. We have formed a wide and strong network across different markets through 3,000+ channel partners for key product lines including oil, atta, and rice, making it possible to effectively address consumer demands and boost growth for the FMCG industry. It is through these interdependent relationships that GCL fulfills this aspect of its distribution strategy.
There are various engagement programs and schemes that GCL has developed specifically for channel partners to maintain such relationships and promote mutual development at the same time. These programs are seen by them as means of improving their businesses by providing them with necessary tools, resources as well as other options that would allow them to compete effectively in any market. While GCL continues to add more members to its distribution network, the company’s impact on the FMCG sector increases. Through this, we can penetrate new markets, reach more potential customers, and ensure the availability of products. GCL’s business model is centered around a strong and expanding network of channel partners and is instrumental in supporting the ongoing growth and success of the FMCG sector.
StartupTalky: How does GCL utilize technology in its manufacturing processes to enhance product quality?
Ms. Ghodawat:At GCL, we ensure the highest quality products possible through advanced manufacturing and technology. Every stage of production is guaranteed to be executed with accuracy, consistency, and excellence due to our sophisticated manufacturing processes. Central to our approach is our state-of-the-art R&D lab, where we continually innovate and refine our products. The lab is equipped with cutting-edge technology that allows us to conduct in-depth research, test new formulations, and develop advanced manufacturing techniques.
The implementation of AI-based programs throughout almost all stages of the manufacturing process enables us to monitor and control various aspects of production. The use of AI also allows us to quickly identify and address any potential issues, minimizing waste and ensuring that only the best products reach our consumers. Also, GCL conducts various audits through authorized third-party organizations. These audits provide an extra layer of assurance, verifying that our manufacturing processes adhere to the strictest standards of quality, safety, and hygiene.
StartupTalky: What are some key nutrition trends currently impacting the FMCG industry in India?
Ms. Ghodawat: India’s FMCG business is witnessing tremendous disruption as consumers become more health-conscious and seek products that align with their nutritional goals. There are several key trends responsible for this, some of which are:
Convenience: One of the most prominent trends is the growing demand for convenient yet healthy food options. Nutritious ready-to-eat meals, snacks, and drinks have hit the market aimed at balance of convenience and health. They have been made with essential nutrients retained for busy individuals not to compromise nutrition by being so absorbed in their daily activities.
Transparency: The current consumers value what they eat more than ever before and expect brands to be honest regarding their products’ contents. Consumer preference has shifted towards products with clearly labeled components thus avoiding artificial additives completely. Such a shift indicates an extensive movement towards clean labels where truthfulness together with simplicity weigh more than anything else; hence consumers get a clear understanding of what they are consuming.
Foods with Added Benefits: Consumers are increasingly shifting their attention towards more nutritious foods with health benefits. There is high demand for products that contain functional ingredients such as immunity boosters, additional vitamins and minerals, or other components that enhance health. A kind of pervasive trend is borne out of consumer awareness that emphasizes holistic individual wellness; they want foods that not only assuage hunger but also help them stay healthy in the long run.
These changes in the nutritional patterns are altering India’s FMCG landscape compelling brands to innovate and adjust to the new tastes and preferences in the market. As consumers continue to prioritize health and wellness, the demand for convenient, transparent, and functionally enhanced food products is likely to grow.
StartupTalky: What is GCL’s strategy for staying ahead in the competitive nutrition market?
Ms. Ghodawat: GCL’s approach to remaining ahead in the competitive nutrition market is based on ongoing product innovation and sophisticated marketing. The distinctive products, such as Coolberg and the ‘To Be Honest’ range, demonstrate this approach. Coolberg distinguishes out as a refreshing, non-alcoholic beverage, whereas ‘To Be Honest’ offers healthy, ready-to-eat snacks that cater to the growing need for nutritious convenience.
We continue to establish ourselves by promoting both brands through diverse channels that would connect us with as many consumers as possible. These products’ originality and high quality make us different from the competition. This approach enhances our competitiveness and conforms to changing consumer needs.
StartupTalky: How have specific initiatives helped GCL build and maintain customer trust and market presence?
Ms. Ghodawat: We have successfully created and sustained customer loyalty and presence in markets through various targeted activities. An example of one such initiative is our ‘Barso ka bharosa, ab nai pehchaan ke sath’ campaign. This campaign reinforced our long-standing commitment to quality while introducing a fresh, modern identity. The campaign featured Raveena Tandon, a prominent actress known for her strong public presence, and it effectively communicated the brand’s dedication to quality while projecting a modern image with a multi-channel approach that included TV commercials, digital ads, and social media.
We frequently participate in industry events, which allows us to stay updated with market trends and engage directly with our target market. These events provide enormous possibilities for networking, receiving feedback, and illustrating our ideas, all of which help to establish our industry reputation. At the heart of our strategy is an uncompromising commitment to provide consistently high-quality products. We ensure that every product achieves the highest levels of perfection by adhering to strict quality control standards and investing in cutting-edge technology.
StartupTalky: How does GCL’s sales strategy contribute to revenue growth and market expansion?
Ms. Ghodawat: The sales strategy, implemented through many significant initiatives, is critical to generating revenue growth and market expansion. The key pillar of our strategy is the deployment of comprehensive programs for our channel partners. We understand the significance of rewarding our sales personnel. We provide competitive rewards and prizes based on performance, which not only stimulates increased sales but also fosters a motivated and committed team. Training and skill development are also key components of our sales strategy. We invest in continuing training programs to increase our sales team’s skills and knowledge, ensuring they are well-equipped to meet market expectations.
StartupTalky: What advice do you have for entrepreneurs entering the food and beverage industry?
Ms. Ghodawat: Entering the food and beverage industry can be both exciting and challenging due to its vast and ever-evolving nature. First of all, be ready for tough rivalry. The industry is saturated with competing firms and thus developing a strong and distinct brand is necessary for differentiation. This identity needs to be maintained and improved to attract loyal customers. Continuous innovation is crucial, regularly update and improve your product offerings to keep up with changing consumer preferences and trends. Product safety, as well as adherence to quality, must be strictly enforced; thus this means one has to ensure good management of their supply chain so as not to experience any challenges. Investing in effective packaging is also a crucial aspect as it not only helps to maintain product quality but also plays an important part in branding and attracting customers.
StartupTalky: How does GCL address challenges in meeting consumer expectations for healthier products?
Ms. Ghodawat:The problem of meeting consumer expectations for healthy products is addressed by retaining a core emphasis on staple items while expanding product offerings. A key solution to this is the introduction of innovative products like the ready-to-eat sprout offerings from our ‘To Be Honest’ range. These products meet the increased demand for convenient, nutritional solutions. By constantly evolving our products and introducing healthier options, GCL guarantees that we satisfy the different needs of consumers.
StartupTalky: How does GCL plan to contribute to better nutritional eating habits and sustainability in the future?
Ms. Ghodawat: Ghodawat Consumer Ltd. is recognized as a Global Sustainable Organization dedicated to enhancing nutrition and pushing for sustainability in the future. Our core Environmental Social Governance (ESG) goals require us to conduct our businesses ethically, transparently, and within the law while ensuring the best quality and safety standards for our products.
Our goal is to remain relevant to the new trends in nutrition and consumer preferences concerning health by constantly innovating our products. Some of these strategies include the reduction of unhealthy ingredients, the fortification of foods with required nutrients, as well as clear labeling schemes that help consumers make informed decisions.
GCL provides its employees with a seamless and uniform infrastructure meant for their wellness. To support this, there is a three meals canteen where healthy meals are provided to promote good nutrition among employees during their working hours.
Our ambition is to lead the market in the clean technology sector through increased renewable energy share, responsible water management practices, and sound waste management practices. In our efforts to create a circular economy, GCL utilized 3,389.7MT (48%) of rice husk as boiler feed in the year 2022-23, and we achieved 100% bagasse usage for our co-generation plant and its boiler feedstock.
Also, GCL disposed of plastic waste totaling 912MT comprising HDPE, PET, PP, LDPE, and MLP during the same period. With such endeavors, we have reduced landfill burdens by up to 453489 cubic feet, avoided air pollution amounting to 3,402590 kilograms, conserved 247064433 liters or so of water, and 6765438Kwh energy units too.
Notably, any single-time consumption of plastic is not used in our company. By continually advancing our ESG initiatives, GCL is committed to contributing to a more sustainable and healthier future. By advancing our ESG initiatives, GCL is not only committed to sustainability but also to creating a healthier future for our consumers, employees, and society as a whole.
The majority of Reliance Retail’s fast-moving consumer goods (FMCG) brands, such as Campa and several well-known private labels, are going to be transferred to the newly founded FMCG division of Reliance Consumer Products Ltd (RCPL), which is scheduled to take over their operations.
The purpose of this change is to swiftly expand the firm while maintaining a devoted focus. Snactac, Puric, Glimmer, Enzo, and Get Real are some of the private labels that are involved in the present scenario. Additionally, RCPL intends to construct four to five unique bottling factories for Campa by purchasing bottling equipment and leasing it to partners who would handle the operations. These individuals will be responsible for managing the operations. The corporation is currently engaged in negotiations to conclude these deals.
Prospective Expansion Initiatives
Reliance Retail Ventures is getting ready to invest up to INR 3,900 crore in RCPL through a combination of equity and debt, and these moves happen at the same time. As of late, RCPL was successful in obtaining board clearance for this capital infusion.
Since the introduction of RCPL in November 2022, this will be the greatest investment that Reliance Retail has made in the fast-moving consumer goods (FMCG) sector once it is finished. In addition to being a wholly-owned subsidiary of Reliance Industries, Reliance Retail Ventures also functions as the holding entity for all of the retail businesses that are held by the group, including RCPL.
During a conversation with the media, a senior executive from the industry said that an internal transfer of the brands will be carried out through various mechanisms, such as licensing, in order for RCPL to become the single FMCG organisation that owns the trademarks and sells them.
When it comes to Reliance Retail, there are some smaller private brands that will continue to fall within its purview because they will not be shared to general trade. It is anticipated that the supply of Campa would rise as a result of the creation of new bottling facilities. These facilities will solve the existing limits on bottling capacity, which have hindered the retail expansion of Campa.
Mergers and Collaborations
Reliance Consumer Products Limited (RCPL) has, ever since it was founded, placed a primary emphasis on acquiring and forming partnerships with fast-moving consumer goods (FMCG) firms. In India, notable partnerships include cooperation with companies from Sri Lanka such as Elephant House and Maliban Biscuit, which are responsible for the production and distribution of their respective products.
Additionally, RCPL has made substantial acquisitions, including the complete purchase of the candy brand Ravalgaon, a 51 percent investment in Lotus Chocolate, and a 50 percent share in Sosyo Hajoori Beverages. These acquisitions have been undertaken by RCPL. Independence, a brand that includes packaged foods, edible oil, and staples, was also introduced by the corporation recently.
The analysis by the global market research firm EY states that consumer goods companies have enormous opportunities to use AI to improve asset tracking, supply chain management, and consumer experience and engagement. The use of artificial intelligence (AI) technologies to improve customer centricity and operational efficiency is on the rise among Indian merchants. An overwhelming 82% of Indians surveyed by the EY consumer index are optimistic that artificial intelligence will one day make shopping much easier.
Several industries have jumped on the bandwagon of innovation and adaptation in response to recent tech developments and the expansion of the internet. This trend has been especially accelerated by the fast-moving consumer goods (FMCG) industry’s collaboration with the e-commerce sector. According to McKinsey, E-commerce sales for consumer goods will quadruple from 2016 to 2025, reaching $1.8 trillion. With so much competition and so many brands entering the industry, AI is becoming an important differentiator for brands looking to remain ahead of the curve.
AI is crucial to draw customers closer to the company. Finding reliable customer insights to improve data-backed decision-making is a persistent problem in the fast-moving consumer goods (FMCG) sector. Insights AI ensures organisations acquire in-depth customer behaviour data by combining powerful AI technologies like Emotion AI, Behaviour AI, and Generative AI. These innovations provide precise data for effective decision-making and aid brands in comprehending the wants and needs of target consumers.
Customer wants and demands in the fast-moving consumer goods industry (FMCG) are dynamic, just like in any other industry. Thanks to AI’s data-processing prowess, organisations can swiftly and accurately adjust their marketing plans to meet the needs of their target audience. Insights AI has the potential to greatly enhance the quality and affordability of products and services in the Indian fast-moving consumer goods market.
Through AI, Fast-Moving Consumer Goods (FMCG) companies may better understand their customers’ habits and preferences, which in turn allows them to provide better service and encourages more participation. Artificial Intelligence also allows for substantial process automation, which saves time and money. According to an IBM poll, retail and brand executives expect cognitive automation capabilities to slash operational expenses by seven per cent on average.
Adapting to the latest developments in data-driven technologies like deep learning, artificial intelligence, and machine learning can greatly benefit FMCG companies. There have been revolutionary shifts in the fast-moving consumer goods (FMCG) industry as a result of Machine learning and deep learning. With the massive amounts of data produced by the FMCG industry, Machine learning approaches help businesses identify and segment their target markets by analysing customer behaviour, preferences, and buying habits. Companies in the fast-moving consumer goods industry can use this information to improve their demand forecasting, personalise their marketing campaigns, and optimise product positioning and pricing tactics.
Leading FMCG Companies in India by Market Capitalization
Customised Suggestions
AI is having a major impact on consumer choices by providing tailored suggestions. In contrast to 23% worldwide, 48% of Indians trust AI for personalised promotions and sales, according to the EY report.
Online retailers, media streaming sites, and social media sites all use AI algorithms to sift through customers’ tastes, habits, and online activity. Customers have better shopping experiences, are more satisfied overall, and are likelier to a brand because of AI’s ability to provide personalised product recommendations based on their interests and preferences.
Using AI-based technologies to make buying decisions is becoming more and more acceptable to Indian shoppers. While just 58% of people worldwide are receptive to the idea of AI helping them make better purchasing decisions, 82% of Indians are. Indian customers have more faith in AI-generated personalised suggestions and AI-powered targeted marketing and sales. When asked for assistance, 82% of Indians would be willing to use a chatbot.
Variations in consumer demand contain useful information for fast-moving consumer goods (FMCG) companies due to the many connections and patterns they contain. Discovering these insights is essential for getting ahead in the industry. FMCG companies need to process this data to make informed decisions about product placement, product prioritisation, workflow optimisation, marketing segmentation, pricing and offer launch timings. Applying state-of-the-art tools and algorithms allows for thorough planning and optimisation in the FMCG landscape. As a result, more and more fast-moving consumer goods (FMCG) companies are using AI-powered automation to reimagine the customer service they provide and boost engagement with their brands.
What is the future of AI in the FMCG industry in India?
AI is expected to play an increasingly important role in all aspects of the FMCG industry, from product development to marketing and sales.
As AI technology continues to evolve, we can expect to see even more innovative applications in the FMCG space.
What are some of the benefits of using AI for FMCG companies in India?
Some of the benefits of using AI for FMCG Companies are increased customer satisfaction and loyalty, improved operational efficiency, reduced costs and better decision-making.
How can FMCG companies in India use AI to improve customer experience?
AI can provide personalized recommendations based on customer behaviour and preferences.
AI-powered chatbots can offer 24/7 customer support.
AI can help companies understand customer needs through sentiment analysis.
