Global InformationHindustan Unilever information
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| Company type | Public |
|---|---|
Traded as |
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| ISIN | INE030A01027 |
| Industry | Consumer goods |
| Predecessor | Indian Vanaspati Manufacturing Company (1931–1956) Lever Brothers India Limited (1933–1956) United Traders Limited (1935–1956) Hindustan Lever Limited (1956–2007) |
| Founded | 1933 |
| Headquarters | Mumbai, Maharashtra , India |
Key people | Rohit Jawa (CEO)[1] |
| Products |
|
| Revenue |  ₹62,707 crore (US$7.9 billion) (2024)[2] |
Operating income | ₹13,924 crore (US$1.7 billion) (2024)[2] |
Net income | ₹10,282 crore (US$1.3 billion) (2024)[2] |
| Total assets | ₹78,499 crore (US$9.8 billion) (2024)[2] |
| Total equity | ₹51,423 crore (US$6.4 billion) (2024)[2] |
Number of employees | 21,000 (2020)[2] |
| Parent | Unilever plc (61.90%) |
| Website | www |
Hindustan Unilever Limited (HUL) is a British-owned Indian final good company headquartered in Mumbai.[3] It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods (FMCGs).
HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co. Following a merger of constituent groups in 1956, it was renamed Hindustan Lever Limited. The company was renamed again in June 2007 as Hindustan Unilever Limited.[4]
Hindustan Unilever has been at the helm of a lot of controversies, such as dumping highly toxic mercury-contaminated waste in regular dumps, contaminating the land and water of Kodaikanal. (See: Kodaikanal mercury poisoning). The British company also faced major flak for an advertising campaign attacking the Hindu pilgrimage site at Kumbh Mela, calling it a "place where old people get abandoned,"[5][6] a move that was termed racist and insensitive.[5]
As of 2019, Hindustan Unilever's portfolio had more than 50 product brands in 14 categories. The company has 21,000 employees and recorded sales of ₹34,619 crores in FY2017–18.[3]
In December 2018, HUL announced its acquisition of GlaxoSmithKline India's consumer business for US$3.8 billion in an all equity merger deal with a 1:4.39 ratio.[7][8] However the integration of GSK's 3,800 employees remained uncertain as HUL stated there was no clause for retention of employees in the deal.[8] In April 2020, HUL completed its merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) after completing all legal procedures.[9] In December 2022, HUL's market cap was Rs. 638548.42 crore.[10]
- ^ "The Board of HUL". hul.co.in. HUL. Archived from the original on 28 November 2018. Retrieved 25 September 2014.
- ^ a b c d e f "Hindustan Unilever Annual Reports" (PDF). bse.com.
- ^ a b "Introduction to HUL". HUL. Archived from the original on 9 February 2017. Retrieved 12 November 2015.
- ^ Srinivasan, Lalitha (31 July 2007). "Transition to new name was smooth: HUL". Mumbai: The Financial Express. Archived from the original on 3 November 2013. Retrieved 31 October 2013.
- ^ a b "Hindustan Unilever faces flak over Red Label ad showing son 'abandoning' father at Kumbh Mela". cnbctv18.com. 7 March 2019. Retrieved 17 March 2023.
- ^ "#BoycottHindustanUnilever Trends After Ad On Kumbh Mela Faces Criticism". NDTV.com. Retrieved 17 March 2023.
- ^ "GSK Consumer Healthcare to merge with Hindustan Unilever: Here are 10 things you should know". www.businesstoday.in. 3 December 2018. Archived from the original on 27 March 2019. Retrieved 8 March 2019.
- ^ a b "HUL-GSK deal: 3,800 employees face uncertainty, decision awaited". www.businesstoday.in. 6 December 2018. Archived from the original on 4 September 2022. Retrieved 8 March 2019.
- ^ "HUL expects to complete merger with GSK Consumer Healthcare in 2019". Medical Dialogues. Archived from the original on 29 August 2012. Retrieved 20 January 2019.
- ^ "Top 100 stocks by Market Capitalization | BSE Listed stocks Market Capitalization". www.bseindia.com. Retrieved 19 December 2022.