Harsh Mariwala



Harsh Mariwala leads Marico Limited (Marico) as its Chairman. Over the last 3 decades, Harsh Mariwala has transformed a traditional commodity driven business into a leading Consumer Products Company, in the Beauty and Wellness space. Marico markets leading brands such as Parachute Advansed, Saffola, Mediker, Revive, Setwet, Zatak, Livon among others. From a turnover of Rs.50 Lakhs in 1971, Marico’s Products and Services in Hair Care, Skin Care and Healthy Foods generated a turnover of about Rs. 4596 crores during 2012-13.

Today one out of three Indians is a Marico consumer. Marico has also established strong consumer franchises in its overseas markets in Asia and Africa. Under his leadership, Marico has achieved several awards and external recognition – over 100 in number of the last few years. Each of Marico’s three businesses, consumer products in India, International Business and Kaya has received awardsin all functions across the value chain. Some of them are: The NDTV Profit ‘Best Business Leadership’ Award in the FMCG (Personal Hygiene) category, in 2007 and 2009, and was rated as one of India’s Most Innovative companies by the Business Today – Monitor Group Innovation Study (2008). Harsh Mariwala was conferred with the Ernst & Young ‘Entrepreneur of the Year’ Award (2009) in the Manufacturing category, ‘Talent Management Award’ at the CNBC India Business Leader Award (2009), the ‘Teacher’s Achievement Award in Business’ (2006) and the ‘CEO with HR Orientation’ – Global Excellence HR Award (2007) by the Asia Pacific HRM Congress. (Annexure1).

This gives confidence about Marico’s holistic growth and that the building blocks are falling into place. Harsh Mariwala’s entrepreneurial drive and passion for Innovation, enthused him to establish the Marico Innovation Foundation in 2003. Under the stewardship of an eminent Board, the Foundation acts as a catalyst to fuel innovation in India. Some of the key initiatives of MIF are, 1) Bi-Annual Innovation Awards, 2) Social Innovation Acceleration program, 3) Innowin Magazine, 4) Book on Innovation – “Breakthrough Innovations” (55000 copies have been sold).

As an expression of his Personal Social Responsibility, Mr. Mariwala recently launched ASCENT – Accelerating the SCaling up of ENTerprises to identify growth-stage entrepreneurs with potential and enable them in their scaling-up journey. In the first year of operations in Mumbai & Pune, ASCENT has garnered a membership of 250+ entrepreneurs and plans to expand to Delhi in the current year reaching a membership of 500 entrepreneurs. Mr. Mariwala was the President of Federation of Indian Chambers of Commerce and Industry (FICCI) in 2011. He has also held several positions as FMCG Committee Chairman of FICCI and CII. Mr. Mariwala is a part of Young President Organization (YPO) and World Presidents Organization (WPO) and has held the position of YPO Education, Membership and Chapter Chair.

Source : Marico

Professional Details

Designation Chairman
Company Marico
Net Worth $1.72 Billion
Education Bombay University (Bachelor of Arts)
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Country India