Hindustan Unilever Limited (HUL) is a consumer goods company in Mumbai, Maharashtra and a subsidiary of Unilever, a British-Dutch company. It is India’s one of the largest fast moving consumer goods company with a heritage of over 80 years in India. Mr Sanjiv Mehta is the CEO and MD of Hindustan Unilever Limited with a net income of ₹4,490 crore (US$620 million) as per 2016-17.
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Here are some things you should know about Hindustan Unilever Limited:
- HUL’s products include foods, beverages, cleaning agents, household products, personal care products and water purifiers.
- Its other product includes brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Ponds, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Walls and Pureit.
- In a day, nine out of ten Indian households use HUL products.
- HUL has 17 brands among the ‘100 most trusted brands’ as per the 2010 survey.
- HUL was established in 1933 by Lever Brothers and by 1956 it was known as Hindustan Lever Limited, as there was a merger among Lever Brothers, Hindustan Vanaspati Mfg. Co. Ltd. and United Traders Ltd.
- The Company employs more than 18,000 people and had made sales of INR 34619 crores (as per the financial year 2017-18).
- Being a subsidiary of Unilever, HUL is one of the world’s leading suppliers of food, home care, personal care and refreshment products with sales in over 190 countries and an annual sales turnover of €53.7 billion in 2017. Unilever has 67% shareholding in HUL.
- In June 2007, the company was again renamed as ‘Hindustan Unilever Limited’.
- In January 2019, HUL said that it is expecting a complete merger with Glaxo Smith Kline Consumer Healthcare (GSKCH India) this year.
- The Hindustan Unilever Research Centre (HURC) was set up in 1966 in Mumbai and in 1997 Unilever Research India was set up in Bangalore.
- In 2006, the company’s research facilities were brought together at a single spot in Bangalore.
- It has also been involved in many philanthropic activities. One of their projects, Project Shakti is a programme to empower rural women.
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- It has helped create livelihood and growth opportunities for more than 80,000 women in different parts of India. It helps them become self- sufficient and provide a helping hand in the running of their households.
- This initiative has bestowed upon HUL the Porter Prize for 2014.
- On the Forbes’ list of ‘Most Innovative Companies’ across the globe, HUL ranked number 1 in 2014.
- It is one of India’s largest exporters and has been recognized by the Govt. of India as a Golden Super Star Trading House.