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Introduction to HUL

Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods Company with a heritage of over 75 years in India and touches the lives of two out of three Indians. HUL works to create a better future every day and helps people feel good, look good and get more out of life with brands and services that are good for them and good for others. With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit. The Company has over 16,000 employees and has an annual turnover of around Rs. 21,736 crores (financial year 2011 - 2012). HUL is a subsidiary of Unilever, one of the world’s leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe with annual sales of about €46.5 billion in 2011. Unilever has about 52% shareholding in HUL.

Our purpose At the heart of the corporate purpose, which guides us in our approach to doing business, is the drive to serve consumers in a unique and effective way. This purpose has been communicated to all employees worldwide.

Our vision We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life.Sustainability is at the heart of our business, and through our brands, we seek to inspire people to take small everyday actions that can add up to a big difference for the world. Our deep roots in local cultures and markets around the world give us our strong relationship with consumers and are the foundation for our future growth. We will bring our wealth of knowledge and international expertise to the service of local consumers – a truly multi-local multinational. Our long-term success requires a total commitment to exceptional standards of performance and productivity, to working together effectively, and to a willingness to embrace new ideas and learn continuously. To succeed also requires, we believe, the highest standards of corporate behaviour towards everyone we work with, the communities we touch, and the environment on which we have an impact. This is our road to sustainable, profitable growth, creating long-term value for our shareholders, our people, and our business partners.

LEADERSHIP OF HUL

HUL has produced many business leaders for corporate India, including Harish Manwani, the non-executive chairman of HUL and currently the Chief Operating Officer of Unilever. He is also a member of Unilever Leadership Executive team (ULE), which comprises the company’s top management and is responsible for managing Unilever’s profit and loss and delivering growth across its regions, categories and functions. Nitin Paranjpe has been the Managing Director and Chief Executive Officer of the company since April 2008. He is also Executive Vice President, South Asia, and Unilever and is also the executive head of the South Asia cluster for Unilever.

HUL's leadership-building potential was recognized when it was ranked 4th in the Hewitt Global Leadership Survey 2007 with only GE, P&G and Nokia ranking ahead of HUL in the ability to produce leaders with such regularity. A study conducted by Aon Hewitt, The RBL Group and Fortune in 2011, ranked the company number six in the list of ‘Top Companies for Leaders 2011 Study Results’. The company was awarded the CII- Prize for Leadership in HR Excellence at the 2nd CII National HR Conclave 2011 held on October 2011.

our commercial operations and relationships. wherever they are in the world. It's underpinned by our code of business Principles which describes the operational standards that everyone at Unilever follows. The code also supports our approach to governance and corporate responsibility. consumers and the environment. Setting out our aspirations Our corporate purpose sets out our aspirations in running our business. . Our Business partner code.PRINCIPLES Our corporate purpose states that to succeed requires "the highest standards of corporate behaviour towards everyone we work with. and through the various other ways in which we engage with society. Positive impact We aim to make a positive impact in many ways: through our brands. through voluntary contributions. Working with others We want to work with suppliers who have values similar to our own and work to the same standards we do. organisations and environments our business touches has always been at the heart of our corporate responsibility. aligned to our own Code of business principles. Continuous commitment We're also committed to continuously improving the way we manage our environmental impacts and are working towards our longer-term goal of developing a sustainable business. the communities we touch. comprises ten principles covering business integrity and responsibilities relating to employees." Always working with integrity Conducting our operations with integrity and with respect for the many people. and the environment on which we have an impact.

physical or mental punishment. entertainment or other advantages offered or given to any Unilever employee or third party which are intended to influence the way in which the Unilever employee or third party goes about his or her duties. and specifically there will be compliance with relevant International Labour Organization (ILO) standards. Operations will be carried out with care for the environment and will include compliance with all relevant legislation in the country concerned. and rules and regulations. The Code Unilever’s Supplier Code states that:          There shall be compliance with all applicable laws and regulations of the country where operations are undertaken. There shall be no use of child labour. as a minimum. where allowable by law. gifts. All products and services will be delivered to meet the quality and safety criteria specified in relevant contract elements. Business will be conducted with integrity.BUSINESS PARTNER CODE It is Unilever’s policy to formally request that all our suppliers respect the principles of our Supplier Code and adopt practices that are consistent with it. comply with all applicable wage and hour laws. Similarly Unilever will not . There shall be no use of forced or compulsory labour. Wages and working hours will. There will be no payments. and will be safe for their intended use. including minimum wage. services. and employees shall be free to leave employment after reasonable notice. and no employee shall suffer harassment. There shall be respect for the right of employees to freedom of association and recognition of employees’ rights to collective bargaining. overtime and maximum hours in the country concerned. or other form of abuse. Safe and healthy working conditions will be provided for all employees. There shall be respect for human rights.

gifts. . entertainment or other advantages to any supplier which are intended to influence the way in which the supplier goes about his or her duties.  Unilever's direct suppliers will take responsibility to require adherence to the principals of this Supplier Code from their direct suppliers and exercise diligence in verifying that these principles are being adhered to in their supply chains.offer or give such payments. services. There will be no actual or attempted money laundering.

C K Prahalad. a leader in home & personal care products and foods & beverages. R A Mashelkar. Pradeep Banerjee. S Ramadorai Household & Personal Products Hindustan Unilever (HUL) is the largest fast moving consumer goods (FMCG) company. Gopal Vittal. Nitin Paranjpe.8929621 ( Rs.com Chairperson Harish Manwani MD Nitin Paranjpe Directors . Mumbai-400020. HUL's brands are spread across 20 distinct consumer categories. It has created widespread network Management Details Business Operation Background . Ashok K Gupta.18 ( USD in Millions ) 591452.hll. Dhaval Buch. Maharashtra www. Douglas Baillie.A Narayan. Harish Manwani. in Millions ) Hindustan Lever House.165/166 Back bay Reclamation.COMPANY PROFILE AND STRUCTURE Date of Establishment Revenue Market Cap Corporate Address 1933 4275. touching lives of every 2 out of 3 Indian. D Sundaram. It has employee strength over 15000 & 1200 managers.

Nitin Paranjpe . Harish Manwani (58) assumed charge as the Non-Executive Chairman of the Company with effect from 1st July. 2005. Board of Directors Chairman Harish manwani . Nitin Paranjpe (49) joined the Company as a Management Trainee in 1987.Chairman Mr.through its 2000 suppliers & associaties. .CEO and Managing Director Mr. Executive directors Mr.

Mr. Pradeep Banerjee . .Chief Financial Officer Mr. Pradeep Banerjee (53) joined the Company as a Management Trainee in 1980. Mr. Supply Chain Mr. Sridhar Ramamurthy (47) is a Chartered Accountant (Gold Medalist) as well as a Cost Accountant and Company Secretary.Executive Director. Sridhar . R.

Aditya Narayan joined the Board of the Company as an Independent Director in 2001. He is the Chairman of the Audit Committee and a member of the Remuneration and Compensation Committee of the Company. Mr. Narayan . Ramadorai joined the Board of the Company as an Independent Director in May 2002.Independent Director Mr.Non executive directors Mr. He is a member of the Audit Committee and the Chairman of the Remuneration and Compensation Committee of the Company. A. . Ramadorai-independent director Mr. .

Mashelkar joined the Board of the Company as an Independent Director in April 2008. mashelkar . r. . He is the Chairman of the Shareholders’ / Investors’ Grievance Committee of the Company. Mr. 2011. O. He is also a member of the Audit Committee and Remuneration and Compensation Committee of the Company. P. Bhatt . He is a member of the Audit Committee and Remuneration and Compensation Committee of the Company. Bhatt was appointed as an Independent Director on the Board of the Company in December. a.independent director Dr.Independent Director Mr.DR.

their people their business partner MISSION OF HUL Unilever's mission is to add Vitality to life। we meet everyday needs for nutrition. Right from morning cup of tea to the brushing routine at bed time. look good and get more out of life.VISSION AND MISSION OF HUL VISION OF HUL The company’s vision is sustainable. and happy. creating long term value for company’s shareholders. and personal care with brands that help people feel good. profitable growth. hygiene. The mission of hul inspires over 15000employees with 35 power brands . meaning. the company &its brands contribute in their own little ways to making the lives of people easy.

In 1931. Unilever now holds 52. being the first among the foreign subsidiaries to do so.10% equity in the company. the company had launched Red Label tea in the country. By 1903. Unilever set up its first Indian subsidiary. Brooke Bond & Co. The erstwhile Brooke Bond's presence in India dates back to 1900. followed by Lever Brothers India Limited (1933) and United Traders Limited (1935). Lux and Vim.675 individual shareholders and financial institutions. HUL offered 10% of its equity to the Indian public. In 1912. Hindustan Vanaspati Manufacturing Company. Vanaspati was launched in 1918 and the famous Dalda brand came to the market in 1937.HISTORY OF HUL Soon after followed Lifebuoy in 1895 and other famous brands like Pears. The rest of the shareholding is distributed among about 360. These three companies merged to form HUL in November 1956. .

HUL has vigorously responded to the stimulus of economic growth. The growth process has been accompanied by judicious diversification. clearly marked an inflexion in HUL's and the Group's growth curve. always in line with Indian opinions and aspirations. started in 1991. Pond’s (India) Limited had been present in India since 1947. It joined the Unilever fold through an international acquisition of Chesebrough Pond's USA in 1986.India Limited was formed. The liberalization of the Indian economy. and in 1977 Lipton Tea (India) Limited was incorporated. Unilever acquired Lipton in 1972. Brooke Bond joined the Unilever fold in 1984 through an international acquisition. The erstwhile Lipton's links with India were forged in 1898. Since the very early years. Removal of the regulatory .

framework allowed the company to explore every single product and opportunity segment. In 1996. HUL and yet another Tata company. Unilever Nepal Limited (UNL). Lakme Unilever Limited. formed a 50:50 joint venture. Lakme Limited. Kimberly-Clark Lever Ltd. without any constraints on production capacity. In one of the most visible and talked about events of India's corporate history. to market Lames’ marketleading cosmetics and other appropriate products of both the companies. deregulation permitted alliances. which markets Huggies Diapers and Kotex Sanitary Pads. effective from April 1. acquisitions and mergers. Detergents and Personal Products both for the domestic market and exports to India. 1993. Lakme Limited sold its brands to HUL and divested its 50% stake in the joint venture to the company huL formed a 50:50 joint venture with the US-based Kimberly Clark Corporation in 1994. . and its factory represents the largest manufacturing investment in the Himalayan kingdom. Simultaneously. The UNL factory manufactures HUL's products like Soaps. the erstwhile Tata Oil Mills Company (TOMCO) merged with HUL. HUL has also set up a subsidiary in Nepal. Subsequently in 1998.

two plantation companies of Unilever. In 1992. with significant interests in Instant Coffee. Tea Estates and Doom Dooma. it acquired the Kissan business from the UB Group and the Dollops Ice cream business from Cadbury India. Project Shakti was started in 2001. Brooke Bond India and Lipton India merged to form Brooke Bond Lipton India Limited (BBLIL). In 1993. acquisitions and alliances on the Foods and Beverages front. Currently. were merged with Brooke Bond. the erstwhile Brooke Bond acquired Kothari General Foods. 1994 witnessed BBLIL launching the Wall's range of Frozen Desserts. the company entered into a strategic alliance with the Kwality Ice cream Group families and in 1995 the Milk food 100% Ice-cream marketing and distribution rights too were acquired.The 1990s also witnessed a string of crucial mergers.000 villages across 15 states and reaching to over 3 million homes. Then in 1994.000 Shakti entrepreneurs covering over 100. It is a rural initiative that targets small villages populated by less than 5000 individuals. enabling greater focus and ensuring synergy in the traditional Beverages business. . By the end of the year. It is a unique win-win initiative that catalyses rural affluence even as it benefits business. there are over 45. As a measure of backward integration. HUL launched a slew of new business initiatives in the early part of 2000’s.

HUL made its foray into Ayurvedic health & beauty centre category with the Ayush product range and Ayush Therapy Centers. the Company name was formally changed to Hindustan Unilever Limited after receiving the approval of share holders during the 74th AGM on 18 May 2007.000 crore sales mark the same year followed by Wheel which crossed the Rs. 000 crore sales milestone in 2008. Hindustan Unilever Network. On 17th October 2008. HUL completed 75 years of corporate existence in India. In 2007. Direct to home business was launched in 2003 and this was followed by the launch of ‘Pure it’ water purifier in 2004. .2. Brooke Bond and Surf Excel breached the Rs 1.In 2002.

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