| Log in

Jyothy Laboratories rejigs top management

21 August, 2014

Fast moving consumer goods (FMCG) firm Jyothy Laboratories Ltd has entrusted joint managing director K Ullas Kamath with additional responsibility of chief financial officer, as per a BSE filing.

It was under his leadership that the company diversified and become a multi product FMCG firm.

Kamath has spearheaded setting up of laundry business Fabric Spa and acquisition of Henkel India. In addition, ML Bansal will now hold the position of company secretary and compliance officer, the company said.

Jyothy Laboratories is known for brands like Ujala (fabric care), Maxo (household insecticides) and Exo (dishwashing). The company has around 28 manufacturing facilities located in 16 places across India.

Three years ago it acquired Henkel’s India business, a deal which elevated Jyothy Laboratories to the top league of FMCG players in India. It raised Rs 550 crore as debt through a five-year loan from Axis Bank to refinance part of the debt it incurred to buy the majority stake in Henkel India.

(Edited by Joby Puthuparampil Johnson)


Leave Your Comment
German consumer goods major Henkel not to buy stake in Jyothy Labs

German consumer goods major Henkel not to buy stake in Jyothy Labs

Joseph Rai 2 weeks ago
Jyothy Laboratories Ltd said German fast-moving consumer goods major Henkel AG...
Jyothy Laboratories To Acquire 50.97% Stake In Henkel India

Jyothy Laboratories To Acquire 50.97% Stake In Henkel India

TEAM VCC 7 years ago
The board of directors of Jyothy Laboratories Ltd approved the buy-out of 50.97...
Jyothy Labs to merge Henkel to consolidate biz

Jyothy Labs to merge Henkel to consolidate biz

TEAM VCC 5 years ago
Consumer goods company Jyothy Laboratories Ltd is merging Henkel India Ltd with...
No Comments

Jyothy Laboratories rejigs top management

Powered by WordPress.com VIP