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India

Marico Ltd (MRCO.NS)

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Summary

Name Age Since Current Position

Harsh Mariwala

68 2014 Non-Executive Chairman of the Board

Saugata Gupta

51 2014 Chief Executive Officer, Managing Director, Executive Director

Vivek Karve

2014 Chief Financial Officer

Amit Prakash

2015 Chief Human Resource Officer, Executive Vice President

Gaurav Mediratta

Executive Vice President, Head – Legal

Sudhakar Mhaskar

2017 Chief Technology Officer

Koshy George

2019 Chief Marketing Officer

Hemangi Ghag

2018 Compliance Officer, Company Secretary

Ashish Joshi

Chief Operating Officer- South East Asia, Middle East & Africa Business

Jitendra Mahajan

Chief Operating Officer – Supply Chain and IT

Sanjay Mishra

Chief Operating Officer - India Sales and Bangladesh Business

Rajen Mariwala

55 2005 Non-Executive Director

Rishabh Mariwala

2017 Non-Executive Director

Rajeev Bakshi

61 2003 Independent Non-Executive Director

Nagesh Basavanhalli

60 2010 Independent Non-Executive Director

Nikhil Khattau

56 Independent Non-Executive Director

Hema Ravichandar

58 2005 Independent Non-Executive Director

Ananth Sankaranarayanan

2017 Independent Non-Executive Director

Biographies

Name Description

Harsh Mariwala

Mr. Harsh Charandas Mariwala serves as Non-Executive Chairman of the Board of the Company. He is also Chairman & Managing Director of Kaya Limited. Over the past three decades, Mr. Mariwala has transformed a traditional commodities driven business into a leading consumer products and services company in the Beauty and Wellness space. Mr. Mariwala’s entrepreneurial drive and passion for innovation, enthused him to establish the Marico Innovation Foundation in 2003. The Foundation acts as a catalyst to fuel innovation in India. Mr. Mariwala was the President of Federation of Indian Chambers of Commerce and Industry (FICCI) in 2011.

Saugata Gupta

Mr. Saugata Gupta serves as a Chief Executive Officer, Managing Director, Executive Director of Marico Limited. Saugata serves as MD and CEO at Marico Limited responsible for driving the company’s growth and operations both nationally and internationally. He has helped transform Marico into a high performing business with a commitment to sustainable development. In seeking to win amongst the consumers, he has taken the company forward in developing top quartile capability and processes while continuing to focus on best in class governance and risk management while driving growth. Under his leadership, the company has won several accolades and prestigious awards. Marico is among the Best 25 Workplaces in Manufacturing in India and among the Top 50 India’s Best Companies to Work for in India as per Great Place to Work Institute. Marico has been ranked among the Top 10 in corporate governance among all constituent companies of the S&P BSE 100 Index and also conferred the Best Domestic Company on Corporate Governance recognition by Asiamoney. Saugata is an alumnus of IIM Bangalore and holds a chemical engineering degree from IIT Kharagpur.

Vivek Karve

Mr. Vivek Karve serves as Chief Financial Officer of the Company. Vivek is a Chartered Accountant (1994), a Cost Accountant (1993) and a B. Com. from the University of Bombay (1991). He has more than 19 years of experience in Finance, Banking, and IT across four organizations - Marico, Siemens Information Systems, ICICI and P&G. Vivek's current role as CFO of Marico covers Corporate Finance, Business Finance and Commercial for Marico Group. Vivek joined Marico in 2000, as a Manager in Corporate Finance. Over the years, he has contributed to various sections in Marico Finance, including business finance. He has played an active role in Marico's M&A efforts through due diligence, funding etc. He was also project lead for an initiative towards automating the performance forecasting and budgeting processes in the company. Vivek took over the charge as CFO of Marico Limited effective 1St April 2014. Vivek has served as a member of FICCI's Corporate Finance Committee

Amit Prakash

Mr. Amit Prakash serves as Chief Human Resource Officer, Executive Vice President of the Company. He is responsible for the overall organizational development through people management practices, culture-building initiatives, developing and strengthening functional leadership capabilities. He joined Marico in 2015 as the Head of Human Resources - India Business. With 20 years of work experience, Amit has been responsible for setting up the Corporate HR function at Hindustan Coca Cola Beverages where he also led business transformation with specific focus on people productivity & process efficiency. He has also worked with Delphi, ITC and LG in varied roles. Over the years, his experience includes, performance management and improvement, talent management and planning to career and succession development as well as organizational development.

Gaurav Mediratta

Mr. Gaurav Mediratta serves as Executive Vice President, Head – Legal of the Company. P.R. protection, Contracts, M&A and Commercial. He has 18 years of professional experience in the Legal & Compliance domain of which he spent 16 years with Hindustan Unilever Ltd. At HUL, Gaurav worked extensively on advising businesses on Litigation and Laws relating to Labour, Foods, Cosmetics, Legal Metrology, IP, Brand Protection, Taxation, Real Estate, Competition, Anti Bribery, Privacy, and M&A. Prior to HUL, he briefly worked with GE Capital International Services (GECIS) – now GENPACT, as a Legal Consultant. He holds a Bachelors’ degree in Commerce and has completed Bachelor of Legislative Law (LLB) from The Delhi University. In 2001, Gaurav completed a Diploma in Cyber Laws from the Indian Law Institute. Gaurav is a Director on the Board of Blended Edible Oil Manufacturers Association Pvt Ltd. (BEOMA). He is also a member of Legal Committee of Indian Beauty & Hygiene Association (IBHA). He sits on the FMCG as well as the Cosmetics Regulatory Committees of FICCI and is an active member of the CII National Committee on Food Processing Industries.

Sudhakar Mhaskar

Dr. Sudhakar Mhaskar Ph.D. serves as Chief Technology Officer of the Company.D serves as Chief Technology Officer of the Company. serves as Chief Technology Officer of the Company. He is responsible for Basic Research, New product development, Consumer in-sighting, Regulatory and Quality Assurance. He works across categories to ensure that the company continues to leverage scale and create new opportunities for products based on diverse consumer needs. He leads a team of doctorates, technologists and chemists to create innovative and differentiated consumer products that delight consumers. He also represents Marico on several government committees, associations and federations. Prior to Marico, Dr. Mhaskar was associated with Hindustan Unilever Research Centre for twelve years, during which he handled a diverse range of responsibilities including natural product isolation, industrial and edible fat processing, perfumery chemicals, detergents, skin cleansing and skin care. His valuable insights in consumer mapping and market research played a crucial role in concept formation, product launch and product development. Dr. Mhaskar holds a Ph.D in Organic Chemistry from Bombay University and a Bachelors of Edible Oils technology degree from the University Department of Chemical Technology, Mumbai. He has several national and international papers as well as patents to his credit and has received the S. Hussain Zaheer Award for basic research in Oil Chemistry in 1993.

Koshy George

Hemangi Ghag

Ashish Joshi

Mr. Ashish Joshi serves as Chief Operating Officer- South East Asia, Middle East & Africa Business of the Company. He has 19 years of experience with the last 12 years in Colgate Palmolive and an earlier career of 6 years with Hindustan Unilever Limited (HUL). He has worked in India, other emerging markets as well as developed markets like USA in global roles, a range which includes Sales and Commercial operations, Category Innovations and Activations as well as Category P&L.

Jitendra Mahajan

Mr. Jitendra Mahajan serves as Chief Operating Officer – Supply Chain and IT of the Company. He is responsible for Procurement, Supply Chain and Manufacturing for Marico India, Strategic Procurement for Marico International and Capability Building in Operations for Marico globally. Over the years Jitendra has held various key positions in Manufacturing, Supply Chain and Procurement at Marico. He has been instrumental in leading the operations team towards process excellence, has enhanced organization capability by optimizing manufacturing operations & strategic procurement initiatives. And has been responsible for superior customer service while continuing to reduce the total delivered product cost. Before joining Marico Jitendra had a brief stint with Mahindra & Mahindra. Jitendra holds a Bachelors degree in Engineering (Mech.) from Walchand College of Engineering and a MMS degree from Sydenham Institute of Management, Mumbai.

Sanjay Mishra

Mr. Sanjay Mishra serves as Chief Operating Officer - India Sales and Bangladesh Business of the Company. Along with spearheading the Sales for Marico India, he also oversees the Marico Business in Bangladesh. Prior to Marico, Sanjay was working with PepsiCo where he started his career as Sales Director - Traditional Trade for India in 2009. He became the Market Unit General Manager (West) India, in 2010, and rose up the corporate ladder to his last position as Senior Director - GTM and Sales Capability at PepsiCo AMENA (Asia, Middle East and North Africa) in 2013. In this role, he was responsible for delivering GTM transformation in key AMENA markets. Prior to PepsiCo, he was Vice President - Merchandising with Spencers Retail Limited in India in 2006, where he was instrumental in expanding Spencers footprint. He led the initiative of getting international retail food chain “Au Bon Pain”, a Boston US based Bakery Café Chain to India in tie-up with his company and lead various new ventures. Sanjay brings with him around 20 years of experience, and has had a long association with Marico where he led and supported various Sales leadership roles at operational and strategic levels from 1997 to 2006. The last role he held in Marico was Head – Sales Development. He started his career with Dunlop India in 1995. Sanjay did his B.Sc. in 1992 from City College, Kolkata and completed his Business Management from Institute of Management Technology, Ghaziabad in 1995.

Rajen Mariwala

Mr. Rajen Mariwala serves as Non-Executive Director of the Company. Mr. Rajen Mariwala has done his Masters in Chemical Engineering from Cornell University, USA. He is currently the Managing Director of Eternis Fine Chemicals Limited, formerly known as Hindustan Polyamides & Fibers Limited, a leading exporter of specialty chemicals – specifically chemicals for fragrances and personal care products. He brings with him a rich experience of over 18 years in leading a competitive global business in specialty chemicals. He has been on the Board of Directors of Marico Limited since July 26, 2005 and the details of his shareholdings in the Company have been disclosed earlier in this Report.

Rishabh Mariwala

Mr. Rishabh Mariwala serves as Non-Executive Director of the Company. Mr. Rishabh, a second generation family business entrepreneur. He is a graduate from Zarb School of Business, Hofstra University, New York, USA. He is an avid learner and has undergone different executive courses from various universities. His engagement at Kaya Skin Care (chain of Dermatology Clinics across India) from 2008 – 2011 gave him an opportunity to gain holistic organizational experience. In 2010, he launched a new business line "Soap Opera” catering to the masstige and luxury consumer segment. His passion for innovative product formulations and the deep consumer insight was instrumental in introducing the luxury range of skincare products called.

Rajeev Bakshi

Shri. Rajeev Bakshi serves as Independent Non-Executive Director of Marico Limited. Mr. Bakshi was the Managing Director of METRO Cash & Carry India, till January 2016 and was responsible for providing strategic leadership for the overall operations and growth of METRO in India. Under his guidance METRO Cash & Carry India has embarked on a pan-India expansion with a focus on customer orientation. Currently Rajeev is engaged in Strategy and Marketing Advisory with a few Companies apart from serving on few Boards. In his career spanning close to 35 years, Rajeev has held senior leadership positions in companies like ICICI Ventures, Pepsico International and Cadbury Schweppes. As the Joint Managing Director of ICICI Ventures, he led the Real Estate practice and managed consumer oriented investments like Retail and Life Sciences. During his tenure as the Chairman of Pepsi India, he successfully led the company to consolidate their foothold in India. He also held the position of Senior Vice President. He has held various senior positions in Cadbury Schweppes viz. Sales and Marketing Director for India operations, Regional Marketing Director for Africa and Middle East, Managing Director of Cadbury India and then Managing Director of Cadbury's, South Africa. Rajeev is a Graduate in Economics from St. Stephen’s College, New Delhi and holds an M.B.A. from the Indian Institute of Management, Bangalore.

Nagesh Basavanhalli

Mr. Nagesh Satyanarayan Basavanhalli serves as Independent Non-Executive Director of the Company. He is the Founder of a Public Charitable Trust TRRAIN (Trust for Retailers and Retail Associates of India). He has been involved with Shoppers Stop and its group companies since its inception in 1991 as first employee. of his personal philosophy of Learn, Earn & Return he stepped out of the day-to-day roles of the business as MD in 2009 and founded TRRAIN. He is currently the Chairman and Non –Executive Director of Shoppers Stop Limited and is also the Founder Chairman of RAI (Retailers Association of India). B S Nagesh is on the Board of IGDS (Intercontinental Group of Departmental Stores), a global association of department stores, and the Vice-President for Asia, for IGDS. Recently he was awarded with the prestigious NCPEDP – Hellen Keller Award for creating livelihood opportunities for Persons with Disabilities and was recognized as the Change Maker at the Sabera Awards.

Nikhil Khattau

Mr. Nikhil Nirvan Khattau serves as Independent Non-Executive Director of the Company. He is an experienced banker, entrepreneur and venture capital investor who has built and invested in companies in India since 1995. Nikhil also has an additional 10 years of international work experience. Currently, he is a Managing Director of MF Advisors Pvt. Ltd. He sits on the boards of Consim Info Pvt. Ltd. (India’s matrimony company), Geodesic Techniques (a speciality construction company) and Sohanlal Commodity Management (an agricultural logistics company). Nikhil is also on the national board of advisors of AIESEC (The International Association of Students of Economics and Management) in India. Nikhil was the founding CEO of SUN F&C Asset Management, one of the first private sector mutual fund companies in India. Nikhil’s prior experience includes working for Ernst & Young’s Corporate Finance and Audit practices in New York and London from 1986-1995, where he advised a number of mid-market companies on their acquisition and divestment strategies. Mr. Nikhil received his bachelor’s degree in commerce from Bombay University and is an associate of the Institute of Chartered Accountants in England and Wales.

Hema Ravichandar

Mrs. Hema Ravichandar serves as Independent Non-Executive Director of the Company., since July 26, 2005. She is a Bachelor of Arts (Economics) from the University of Chennai and holds a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad. Hema’s experience of 28 years comprises corporate roles in Infosys Technologies Ltd. and Motor Industries Co. Ltd., and entrepreneurial stints in HR, across industries. Her experience spans Change Management, Leadership Development and Human Resource Development. In her last role as the Senior Vice President and Global Head of HR for the Infosys Group, she was responsible for staffing & recruitment, compensation and benefits, performance management, immigration, learning & development and organizational effectiveness. She currently provides Strategic HR Advisory to several multinational and Indian organizations. Hema has held several key industry positions. She was formerly the Chairperson for The Conference Board’s HR Council of India and was a Member of the National Advisory Council of the National HRD Network of India. She has worked closely with industry bodies such as CII and NASSCOM on some of their key initiatives. She is a regular speaker at several international and national conferences and business schools.

Ananth Sankaranarayanan

Mr. Ananth Sankaranarayanan serves as Independent Non-Executive Director of the Company. He is the Chief Executive Officer of Myntra and Jabong, the country’s largest online platforms for fashion and lifestyle products. He leads the team with a dedicated mission to disrupt and transform the way fashion is sold and consumed in the country. His aim is to make Myntra the first profitable ecommerce company in India. Under his leadership, Myntra has made several strategic acquisitions including Jabong from Global Fashion Group; making it India’s biggest fashion shopping destination. Featured as one of “India’s Hottest 40 under 40 Business Leaders” in 2014, Ananth has deep expertise in driving.