It has often been called a 'Dream Employer' for application by B-School students in India. From taking new roles in their family businesses to starting their own, here’s how seven next-generation tycoons are furthering their families’ legacies. [27] In 2008 Hindustan Unilever made former Miss World Priyanka Chopra a brand ambassador for Pond's,[28] and she then appeared in a mini-series of television commercials for another skin lightening product, 'White Beauty', alongside Saif Ali Khan and Neha Dhupia; these advertisements, showing Priyanka's face with a clearly darker complexion against the visibly fairer Neha Dhupia, were widely criticised for perpetuating racism[29] and lowering the self-esteem of women and girls throughout India who were misled by HULN to believe that they needed to be white to be beautiful. 1 April - Unilever announced that Hindustan Unilever Limited (HUL), India’s largest fast-moving consumer goods company and Unilever’s listed subsidiary in India, successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited with HUL. These awards were instituted by the Union Ministry of Labour and Employment in 1965. And Hindustan Unilever is responding to the change with a distribution overhaul. [59], In 2012, Hindustan Unilever emerged as the No. This was the second successive year that HUL has been rated as the top 'Dream Employer' in India. [49] Hindustan Unilever Limited won 13 awards at the Emvies 2012 Media Awards organised by the Advertising Club Bombay in September 2012. Cyclone Nivar Live Updates: 30 NDRF teams, 8 choppers deployed in TN, Ultra high-speed travel in India! HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co. and following a merger of constituent groups in 1956, it was renamed Hindustan Lever Limited. The focus of the FMCG exports operation is two-fold: to develop overseas markets by driving distribution of ethnic brands, such as Kissan, BRU, Brooke Bond, [67], Learn how and when to remove this template message, Leadership in Energy and Environmental Design, "Hindustan Unilever: Profit and loss (P&L), Financial Summary of Hindustan Unilever -", "GSK Consumer Healthcare to merge with Hindustan Unilever: Here are 10 things you should know", "HUL-GSK deal: 3,800 employees face uncertainty, decision awaited", "HUL expects to complete merger with GSK Consumer Healthcare in 2019", "HUL moves to new campus | 2010 | Hindustan Unilever", "HUL Mumbai campus receives LEED India Gold Certification", "Unilever unveils ambitious long term sustainability programme | Business", "Personal care brands | Hindustan Unilever", "Greenpeace wants probe into Kodaikanal mercury pollution", "One gram mercury can kill a 25-acre lake. [3] It is a subsidiary of Unilever, a British-Dutch company. [34] It ranked number one on the Forbes list of ‘Most Innovative Companies’ across the globe for 2014[35] and was ranked number three on Fortune India's list of India's most admired companies in a list compiled with the help of a global management consultancy Hay Group. [61], HUL was ranked 47th in The Brand Trust Report 2014 published by Trust Research Advisory. The new consumers in India's villages are ambitious and demanding just like their urban counterparts. Hindustan Unilever is setting up a fully-owned subsidiary that will invest in newer manufacturing units and help the maker of Rin and Dove significantly lower taxes under the corporate tax rates announced last year. The Color Complex: Is the Fixation Really Fair? 4: Net income by total shareholder equity. [56], In May 2012, HUL & Star Bazaar received the silver award for 'Creating Consumer Value through Joint Promotional and Event Forecasting' at the 13th ECR Efficient Consumer Response Asia Pacific Conference. HUL emerged as the top 'Dream Employer' as well as the top company considered for application in the annual B-School Survey conducted by Nielsen in November 2010. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and consumer goods. “Overall, the FMCG market continues to grow and new opportunities are there. [63] HUL has also emerged as the top employer of choice among the top six Indian Institutes of Management (IIMA, B, C, L, K and I). [48] Hindustan Unilever Limited (HUL) won the first prize at FICCI Water Awards 2012 under the category of 'community initiatives by industry' for Gundar Basin Project, a water conservationist initiative. This subsidiary will be set up to leverage this opportunity, but it has to be in a manufacturing capacity, not for marketing activities. [39] HUL won 12 awards overall with 4 Golds, 4 Silvers and 4 Bronzes at the 2013 Emvies Awards. The merger pegs the valuation of GSK’s healthcare business at Rs 31,700 crore. Hindustan Unilever Limited is an India-based fast moving consumer goods company. A plant has leached mercury for 10 years into Kodai". The company’s December quarter investor presentation highlighted the impact of the challenging economic environment on consumer sentiment. The board is yet to decide on granular details, including where the new unit will be located. HUL is one of the country's largest exporters; it has been recognised as a Golden Super Star Trading House by the Government of India. Advertisements depicted depressed, dark-complexioned women, who had been ignored by employers and men, suddenly finding new boyfriends and glamorous careers after the cream had lightened their skin. [30], In March 2019 HUL's advertisement for its beverage Brooke Bond Red Label tea was criticised on social media. Hindustan Unilever Limited (HUL) is an Indian consumer goods company headquartered in Mumbai, India. [8] The Campus is designed by Mumbai-based architecture firm Kapadia Associates. [33], The Institute of Competitiveness, India, has recognized Hindustan Unilever Limited's Project Shakti for ‘Creating Shared Value’ and bestowed upon the company the Porter Prize for 2014. Several academic papers have pointed out the firm's continued use of the antibacterial agent Triclosan ('Active B') in India because it is under review by the American Food and Drug Administration (US FDA). No one knows what is going to succeed, everything is always an experiment. India's big consumer products firm records 23% increase in earnings for the fourth quarter, but stiffer competition looms even as raw materials costs push product prices. Virologist explains, Market LIVE: Sensex ends deep in red, tanks 694 pts, Nifty ends at 12,858, Copyright © [58], Hindustan Unilever Ltd received the National Award for Excellence in Corporate Governance 2011 of the Institute of Company Secretaries of India (ICSI) for excellence in corporate governance. [52], HUL was one of the eight Indian companies to be featured on the Forbes list of World's Most Reputed companies in 2007. All Rights Reserved. [66] The rating was based on a compilation of the magazine's annual survey of India's most reputed companies over the past 25 years. In 2005, the Israeli food conglomerate Strauss, whose ice cream brand is a joint venture between Strauss and Unilever and marketed under the Heartbrand logo, received special permission from Unilever to export its brand of ice cream, Glidat Strauss to the United States because of the strict kosher certification the products in Israel have. [40] In 2013, HUL ranked number two on the on Fortune India's 2013 '50 Most Admired Companies list'. “Not control.”. We focus in on one of the world’s largest and fastest-growing countries – India – to see whether it's business sector fuels its growth with 100% of its newly-balanced talent pool, or whether it wastefully leaves the female half behind.