Calling himself a shy and a mean pupil throughout faculty days, Marico’s chairman on Friday shared the mantra of his success on the microblogging web site Twitter.
The 71-year-old enterprise tycoon mentioned he at all times needed to do an MBA examination, and grow to be part of a B-school. Nevertheless, he mentioned his shyness didn’t assist him to qualify for the MBA examination. “Initially, I regretted not getting an MBA. However within the hindsight, I’m glad I didn’t,” he wrote.
The Marico chairperson mentioned as an alternative of an MBA diploma, it’s “Expertise” that has taught him all the pieces in life.
“Expertise is the very best instructor,” he wrote in a tweet alongside along with his #HarshRealities hashtag.
Final yr the businessman wrote a ebook titled ‘Harsh Realities: The Making of Marico’, a wordplay on his identify. Mariwala has co-authored the ebook with administration guru Prof Ram Charan. The ebook is about Mariwala’s journey and enterprise insights, who constructed a extremely skilled, aggressive enterprise from the bottom up.
Mariwala, in 1971, joined the household business-Bombay Oil Industries. in 1974, the chairman envisioned a branded FMCG market and refined edible oil in small shopper packs and arrange a nationwide distribution community for Parachute. On April 2, 1990, Marico was born. Between 1992-94, the corporate arrange its first abroad workplace in Dubai. And, in 1996, the corporate received listed on the Indian inventory market. Marico made a public providing of fairness in Bangladesh-a first one in all its abroad subsidiaries in 2009. The market capitalisation of Marico crossed ₹25,000 crore in 2015. It’s now one of many main FMCGs in India with a web price of over ₹30,000 crore. Marico, which is greatest identified for its Saffola cooking oil and Parachute hair oil, sells in 25 nations. The corporate additionally sells Saffola FITTIFY, a variety of wholesome soups and shakes. It has launched immunity-boosting merchandise beneath Saffola ImmuniVeda.
Supply: Live Mint