poject on hul

7/29/2019 poject on hul

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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 oftwo out of three Indians.

HUL works to create a better future every day and helps people feel good, lookgood 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, Ponds, Vaseline,

Lakm, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru,Knorr, Kissan, Kwality Walls 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 worlds leading suppliers of fast moving consumer goods with stronglocal 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.


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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 localconsumersa 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 willingnessto 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.


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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 companys top management and is responsible for

managing Unilevers 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.
http://en.wikipedia.org/wiki/Harish_Manwanihttp://en.wikipedia.org/wiki/Harish_Manwanihttp://en.wikipedia.org/wiki/Nitin_Paranjpehttp://en.wikipedia.org/wiki/Hewitt_Associateshttp://en.wikipedia.org/wiki/General_Electrichttp://en.wikipedia.org/wiki/Procter_%26_Gamblehttp://en.wikipedia.org/wiki/Nokiahttp://en.wikipedia.org/wiki/Confederation_of_Indian_Industryhttp://en.wikipedia.org/wiki/Confederation_of_Indian_Industryhttp://en.wikipedia.org/wiki/Nokiahttp://en.wikipedia.org/wiki/Procter_%26_Gamblehttp://en.wikipedia.org/wiki/General_Electrichttp://en.wikipedia.org/wiki/Hewitt_Associateshttp://en.wikipedia.org/wiki/Nitin_Paranjpehttp://en.wikipedia.org/wiki/Harish_Manwanihttp://en.wikipedia.org/wiki/Harish_Manwani


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PRINCIPLES

Our corporate purpose states that to succeed requires "the highest standards ofcorporate behaviour towards everyone we work with, the communities we touch,

and the environment on which we have an impact."

Always working with integrity

Conducting our operations with integrity and with respect for the many people,

organisations and environments our business touches has always been at the heart

of our corporate responsibility.

Positive impactWe aim to make a positive impact in many ways: through our brands, our

commercial operations and relationships, through voluntary contributions, and

through the various other ways in which we engage with society.

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.

Setting out our aspirations

Our corporate purpose sets out our aspirations in running our business. It's

underpinned by our code of business Principles which describes the operational

standards that everyone at Unilever follows, wherever they are in the world. The

code also supports our approach to governance and corporate responsibility.

Working with others

We want to work with suppliers who have values similar to our own and work to

the same standards we do. Our Business partner code, aligned to our own Code ofbusiness principles, comprises ten principles covering business integrity and

responsibilities relating to employees, consumers and the environment.


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BUSINESS PARTNER CODE

It is Unilevers policy to formally request that all our suppliers respect theprinciples of our Supplier Code and adopt practices that are consistent with it.

The Code

Unilevers Supplier Code states that:

There shall be compliance with all applicable laws and regulations of thecountry where operations are undertaken.

There shall be respect for human rights, and no employee shall sufferharassment, physical or mental punishment, or other form of abuse.

Wages and working hours will, as a minimum, comply with all applicablewage and hour laws, and rules and regulations, including minimum wage,

overtime and maximum hours in the country concerned.

There shall be no use of forced or compulsory labour, and employees shallbe free to leave employment after reasonable notice.

There shall be no use of child labour, and specifically there will becompliance with relevant International Labour Organization(ILO) standards.

There shall be respect for the right of employees to freedom of associationand recognition of employees rights to collective bargaining, whereallowable by law.

Safe and healthy working conditions will be provided for all employees. Operations will be carried out with care for the environment and will include

compliance with all relevant legislation in the country concerned.

All products and services will be delivered to meet the quality and safetycriteria specified in relevant contract elements, and will be safe for theirintended use.

Business will be conducted with integrity. There will be no payments, services,

gifts, 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. Similarly Unilever will not


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offer or give such payments, services, 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. There will be no actual or attempted money laundering.

Unilever's direct suppliers will take responsibility to require adherence to theprincipals of this Supplier Code from their direct suppliers and exercise

diligence in verifying that these principles are being adhered to in their

supply chains.


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COMPANY PROFILE AND STRUCTURE

Date of Establishment 1933

Revenue 4275.18 ( USD in Millions )

Market Cap 591452.8929621 ( Rs. in Millions )

Corporate Address Hindustan Lever House,165/166 Back bay

Reclamation, Mumbai-400020, Maharashtra

www.hll.com

Management Details Chairperson - Harish ManwaniMD - Nitin Paranjpe

Directors - A Narayan, Ashok K Gupta, C K

Prahalad, D Sundaram, Dhaval Buch, Douglas

Baillie, Gopal Vittal, Harish Manwani, Nitin

Paranjpe, Pradeep Banerjee, R A Mashelkar, S

Ramadorai

Business Operation Household & Personal Products

Background Hindustan Unilever (HUL) is the largest fast

moving consumer goods (FMCG) company, a

leader in home & personal care products and

foods & beverages. HUL's brands are spread

across 20 distinct consumer categories, touching

lives of every 2 out of 3 Indian.

It has employee strength over 15000 & 1200

managers. It has created widespread network
http://www.hll.com/http://www.hll.com/


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through its 2000 suppliers & associaties.

Board of Directors

Chairman

Harish manwani - Chairman

Mr. Harish Manwani (58) assumed charge as the Non-Executive Chairman of the

Company with effect from 1st July, 2005.

Executive directors

Mr. Nitin Paranjpe - CEO and Managing Director

Mr. Nitin Paranjpe (49) joined the Company as a Management Trainee in 1987.
http://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/NitinParanjpe.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/NitinParanjpe.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/NitinParanjpe.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/NitinParanjpe.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/HarishManwani.aspx


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Mr. R. Sridhar - Chief Financial Officer

Mr. Sridhar Ramamurthy (47) is a Chartered Accountant (Gold Medalist) as well

as a Cost Accountant and Company Secretary.

Mr. Pradeep Banerjee - Executive Director, Supply Chain

Mr. Pradeep Banerjee (53) joined the Company as a Management Trainee in

1980.
http://www.hul.co.in/aboutus/companystructure/executivedirectors/RSridhar.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/PradeepBanerjee.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/PradeepBanerjee.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/RSridhar.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/PradeepBanerjee.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/RSridhar.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/PradeepBanerjee.aspxhttp://www.hul.co.in/aboutus/companystructure/executivedirectors/RSridhar.aspx


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Non executive directors

Mr. A. Narayan - Independent Director

Mr. 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. . Ramadorai-independent director

Mr. Ramadorai joined the Board of the Company as an Independent Director in

May 2002. He is a member of the Audit Committee and the Chairman of the

http://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/ANarayan.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/ANarayan.aspx


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DR. r. a. mashelkar - independent director

Dr. Mashelkar joined the Board of the Company as an Independent Director in

April 2008. He is a member of the Audit Committee and Remuneration and

Compensation Committee of the Company.

Mr. O. P. Bhatt - Independent Director

Mr. Bhatt was appointed as an Independent Director on the Board of the Company

in December, 2011. He is the Chairman of the Shareholders / Investors GrievanceCommittee of the Company. He is also a member of the Audit Committee and

http://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/RAMashelkar.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/OPBhatt.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/OPBhatt.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/OPBhatt.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/OPBhatt.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/RAMashelkar.aspxhttp://www.hul.co.in/aboutus/companystructure/nonexecutivedirectors/RAMashelkar.aspx


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VISSION AND MISSION OF HUL

VISION OF HUL

The companys vision is sustainable, profitable growth, creating long

term value for companys shareholders, their people their business

partner

MISSION OF HUL

Unilever's mission is to add Vitality to life 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. Right from morning cup of tea

to the brushing routine at bed time, the company &its brands

contribute in their own little ways to making the lives of people easy,meaning, and happy. The mission of hul inspires over 15000employees

with 35 power brands


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HISTORY OF HUL

Soon after followed Lifebuoy in 1895 and other famous brands like Pears, Lux and

Vim. Vanaspati was launched in 1918 and the famous Dalda brand came to the

market in 1937.

In 1931, Unilever set up its first Indian subsidiary, Hindustan

Vanaspati Manufacturing Company, followed by Lever Brothers India Limited

(1933) and United Traders Limited (1935). These three companies merged to form

HUL in November 1956; HUL offered 10% of its equity to the Indian public, being

the first among the foreign subsidiaries to do so. Unilever now holds 52.10%

equity in the company. The rest of the shareholding is distributed among about360,675 individual shareholders and financial institutions.

The erstwhile Brooke Bond's presence in India dates back to 1900. By 1903, the

company had launched Red Label tea in the country. In 1912, Brooke Bond & Co.


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India Limited was formed. Brooke Bond joined the Unilever fold in 1984 through

an international acquisition. The erstwhile Lipton's links with India were forged in

1898. Unilever acquired Lipton in 1972, and in 1977 Lipton Tea (India) Limitedwas incorporated.

Ponds (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.

Since the very early years, HUL has vigorously responded to the stimulus of

economic growth. The growth process has been accompanied by judicious

diversification, always in line with Indian opinions and aspirations.

The liberalization of the Indian economy, started in 1991, clearly marked an

inflexion in HUL's and the Group's growth curve. Removal of the regulatory


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framework allowed the company to explore every single product and opportunitysegment, without any constraints on production capacity.

Simultaneously, deregulation permitted alliances, acquisitions and mergers. In one

of the most visible and talked about events of India's corporate history, the

erstwhile Tata Oil Mills Company (TOMCO) merged with HUL, effective from

April 1, 1993. In 1996, HUL and yet another Tata company, Lakme Limited,

formed a 50:50 joint venture, Lakme Unilever Limited, to market Lames market-

leading cosmetics and other appropriate products of both the companies.

Subsequently in 1998, 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 Corporationin 1994, Kimberly-Clark Lever Ltd, which markets Huggies Diapers and Kotex

Sanitary Pads. HUL has also set up a subsidiary in Nepal, Unilever Nepal Limited

(UNL), and its factory represents the largest manufacturing investment in the

Himalayan kingdom. The UNL factory manufactures HUL's products like Soaps,

Detergents and Personal Products both for the domestic market and exports to

India.


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The 1990s also witnessed a string of crucial mergers, acquisitions and alliances on

the Foods and Beverages front. In 1992, the erstwhile Brooke Bond acquired

Kothari General Foods, with significant interests in Instant Coffee. In 1993, it

acquired the Kissan business from the UB Group and the Dollops Ice cream

business from Cadbury India.

As a measure of backward integration, Tea Estates and Doom Dooma, two

plantation companies of Unilever, were merged with Brooke Bond. Then in 1994,

Brooke Bond India and Lipton India merged to form Brooke Bond Lipton India

Limited (BBLIL), enabling greater focus and ensuring synergy in the traditional

Beverages business. 1994 witnessed BBLIL launching the Wall's range of Frozen

Desserts. By the end of the year, 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.

HUL launched a slew of new business initiatives in the early part of 2000s.Project Shakti was started in 2001. It is a rural initiative that targets small villages

populated by less than 5000 individuals. It is a unique win-win initiative that

catalyses rural affluence even as it benefits business. Currently, there are over

45,000 Shakti entrepreneurs covering over 100,000 villages across 15 states andreaching to over 3 million homes.


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In 2002, HUL made its foray into Ayurvedic health & beauty centre category with

the Ayush product range and Ayush Therapy Centers. Hindustan Unilever

Network, Direct to home business was launched in 2003 and this was followed by

the launch of Pure it water purifier in 2004.

In 2007, 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. Brooke Bond and Surf Excel breached the Rs 1,000 crore sales mark thesame year followed by Wheel which crossed the Rs.2, 000 crore sales milestone in2008.

On 17th October 2008, HUL completed 75 years of corporate existence in India.


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he


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MISSI

ON

STAT


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EME

NT


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AddVitality toLife


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Meeteverydayneeds for


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nutrition,hygieneandpersonal


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carewithbrandsthat helppeople


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feelgood,lookgood and


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getmoreout of life


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Totalcommitment toexception


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alstandardsofperforma


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nceandproductivity


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