Amway India

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Amway India
Local Name: Amway India
Launch: May 5, 1998[1]
Website: http://www.amwayindia.com
Est. # IBOs: >450,000[2]
Est. Sales: Rs. 1407Cr (Dec 2009)
Note:

Amway India, a wholly owned subsidiary of Amway Corporation, was established in

August 1995 after approval by India's Foreign Investment Promotion Board (FIPB).
Amway India commenced commercial operations on May 5, 1998 [1] and is now the
largest Direct Selling FMCG Company. The Company is headquartered at the National
Capital Region of India - New Delhi.

Amway has invested in excess of US $ 35 million (Rs. 151 crore) in India of this; US $ 6
million (Rs. 26 crore) is in the form of direct foreign investment. Amway India has 400
full time employees and has generated indirect employment for 1,650 persons at all the
contract manufacturer locations.

Amway India provides free and unlimited training to all its distributors to help them grow
their business. Amway India conducted over 34,000 training sessions during in the past
12-months with an attendance of over 1.5 million Amway Business Owners and
prospects.

Amway India is a member of the Indian Direct Selling Association (IDSA). The IDSA is
an industry regulatory body, with several reputed international and Indian Direct Selling
companies as members. A Mumbai-based consumer rights activist, Asha Kidnani, is
IDSA’s Ombudsman & Code Administrator. Amway India is also a member of the
Confederation of Indian Industries (CII) and Federation of Indian Chambers of
Commerce (FICCI).

Sales Data
Known Sales Data
Year Wholesale Sales (IRP)
1999 0.99 million [2]
2000 2,48 million [2]
2001 5,53 million [3][2]
2002 6,26 million [4]
2003 5,79 million [5][6]
2004 6,36 million [7]
2005 6,33 million [8]
2006 7,68 million [1]
2007 7,99 million [9]
2008 11,28 million [10]
2009 14,07 million [11]

Amway Type Private Industry Direct selling

Founded 1959 Founder(s) Rich DeVos
Jay Van Andel Headquarters Ada, Michigan, United States Area served Worldwide Key
people Steve Van Andel (Chairman)
Doug DeVos (President)
Al Koop (Chief Executive)
Russell Evans (CFO) Revenue USD 8.4 billion (2009)[1] Employees 13,000[2] Parent
Alticor

Alticor
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Alticor, Inc.
Type Private
Holding: Consumer Products, Multi Level
Industry
Marketing, Hotel
Founded 2000[1]
Headquarters Ada, Michigan, USA
Area served Worldwide
Steve Van Andel (Chairman)
Key people
Doug DeVos (President) [2]
Products Cleaning, Health and Beauty, Wellness
Services MLM services, logistics
Revenue ▲ US$ 8.4 billion (2009)[3]
DeVos
Owner(s)
Van Andel families
Employees 13,000[4]
Alticor Corporate Enterprises
Amway
Amway Global
Access Business Group
Subsidiaries
Amway Hotel Corp.
Gurwitch Products
Fulton Innovation
Pyxis Innovations Inc.
Website Alticor.com
Headquarters in Ada, Michigan

Alticor is a privately held corporation, owned and run by members of the DeVos and
Van Andel families.[5] It was established in 1999 to serve as the parent company for a
handful of business ventures, most notably the direct selling company Amway and
Quixtar and a manufacturing and distribution company, Access Business Group.[6][7] In
2006, Alticor purchased Gurwitch Products from Neiman Marcus Group Inc., an
investment firm and Gurwitch Product CEO Janet Gurwitch.[8]

Contents
[hide]

• 1 Alticor Corporate Enterprises

o 1.1 Amway Hotel Corporation
• 2 References

• 3 External links

[edit] Alticor Corporate Enterprises

Founded in 2006, Alticor Corporate Enterprises is a subsidiary holding corporation of

Alticor's non-direct selling companies: Amway Hotel Corporation, Gurwitch Products,
Interleukin Genetics and Fulton Innovation.[9] Pyxis Innovations Inc., formed in 2000,
purchase ownership in Interleukin Genetics and is a wholly-owned subsidiary of Alticor
Inc.[10]

[edit] Amway Hotel Corporation

Alticor subsidiary Amway Hotel Corporation owns the Amway Grand Plaza Hotel in
downtown Grand Rapids, Michigan, which opened in 1913 as the Pantlind Hotel. It was
purchased, refurbished, expanded, and renamed in 1981. The company owns and operates
the Courtyard by Marriott in Plaza Towers.