KOLKATA: With the third generation making an entry into the business, the Rs 30,000-crore Emami group is looking to venture into 7 to 8 new verticals in the next 3-4 years.
Group director Aditya V Agarwal said on Wednesday that Emami would enter categories having consumer focus. According to him, food, personal care products and healthcare would be the group’s core focus areas.
Consultancy major McKinsey has been roped in to identify suitable categories for Emami and Emami Agrotech. Emami Agrotech has a revenue of Rs 18,000 crore while Emami earns a revenue of Rs 5,000 crore.
Emami was founded by RS Agarwal and RS Goenka in 1974. The leading FMCG player has exited healthcare and cement sectors.
Aditya, son of co-founder RS Agarwal, did not rule out the possibility of entering ready-to-eat and ready-to-cook categories. “Our new generation is entering business so we have to explore new categories,” he added. Six from the third generation of the two families, including Aditya’s son, have entered the business.
“While pharmacy retail chain Frank Ross (with a revenue of Rs 500 crore) is not one of our focus areas, there is no plan to sell it off unless we get a very good offer,” Aditya said. Emami Paper is studying possibilities of acquisition to expand business, he added.
Emami will set up a corporate museum over 5,000 sq feet to commemorate its 50 years, said Mohan Goenka, vice-chairman and whole time director of Emami. The group is also planning a conclave on February 18 and 19, the birthdays of its two founders.
Group director Aditya V Agarwal said on Wednesday that Emami would enter categories having consumer focus. According to him, food, personal care products and healthcare would be the group’s core focus areas.
Consultancy major McKinsey has been roped in to identify suitable categories for Emami and Emami Agrotech. Emami Agrotech has a revenue of Rs 18,000 crore while Emami earns a revenue of Rs 5,000 crore.
Emami was founded by RS Agarwal and RS Goenka in 1974. The leading FMCG player has exited healthcare and cement sectors.
Aditya, son of co-founder RS Agarwal, did not rule out the possibility of entering ready-to-eat and ready-to-cook categories. “Our new generation is entering business so we have to explore new categories,” he added. Six from the third generation of the two families, including Aditya’s son, have entered the business.
“While pharmacy retail chain Frank Ross (with a revenue of Rs 500 crore) is not one of our focus areas, there is no plan to sell it off unless we get a very good offer,” Aditya said. Emami Paper is studying possibilities of acquisition to expand business, he added.
Emami will set up a corporate museum over 5,000 sq feet to commemorate its 50 years, said Mohan Goenka, vice-chairman and whole time director of Emami. The group is also planning a conclave on February 18 and 19, the birthdays of its two founders.
