Hindustan Unilever Limited company profile-easy business understanding

Hindustan Unilever Limited (HUL) is a well-known and successful Indian company that manufactures  and sells a wide range of products that we use every day. They have been around since 1933 and continue to grow and adapt to meet the needs of their customers. With a strong financial standing and a variety product range, HUL remains a leading player in the FMCG sector in Indian market. This article helps students to understand hindustan unilever limited company profile , management and its business model in simple words .

HUL makes and sells a wide range of products, including:

• Food products: Things like tea, coffee, and ice cream.
• Personal care items: Items like soap, shampoo, toothpaste, and skin creams.
• Home care solutions: Products like laundry detergents and surface cleaners.

Understanding Hindustan Unilever Limited Company profile

Corporate Identification Number (CIN):

Corporate Identification number (CDN) is Identity number for a company, which helps to  legally identify the company. CIN for HUL is :  L15140MH1933PLC002030.

Financial Standing:

• HUL is one of the top companies in India, which means they make a lot of money and are financially strong. 
• Total Revenue: In the year 2022-23, HUL made ₹55,594 crore from selling their products. This is 10.6% more than what they made the previous year.
• Profit After Tax: After paying all their taxes, HUL had a profit of ₹8,414 crore. This shows that the company is good at making money and giving back to its shareholders (the people who own shares of the company).

Business Operations:

• HUL sells many different kinds of products, like soaps, shampoos, and food items. They sell these products all over India, in both cities and villages. This means you can find HUL products almost everywhere.
• Brands Segmentation : HUL’s top brands are Surf Excel, Rin, Dove, Lux, Lifebuoy, Sunsilk, Fair & Lovely, Vaseline, Knorr, Kissan, Brooke Bond, Bru, Magnum, and Kwality Wall’s.

Key Developments:

• These are important changes or new things the company has done recently. For example, they might start selling new products, use eco-friendly packaging, or use new technology to make their products better.

Corporate Governance:

This means how HUL manages its company responsibly and ethically.

Leadership: These are the important people who make decisions at HUL.

• Board of Directors: These are top leaders at HUL who make important decisions. They have different skills and experiences.
  • Nitin Paranjpe: He is the Chairman, which means he leads the board meetings but is not involved in day-to-day operations.
  • Sanjiv Mehta: He is the Managing Director and CEO, which means he runs the company’s daily operations.
  • Ritesh Tiwari: He is the Executive Director for Finance & IT and CFO, which means he handles money and technology.
  • Priya Nair: She is the Executive Director for Beauty & Wellbeing, which means she oversees products related to beauty and health.
  • Rohit Jawa: He is the Executive Director for North Asia and Global Head of Future Tech, which means he handles business in North Asia and looks at future technologies.
  • Anuradha Razdan: She is the Executive Director for Human Resources, which means she oversees employee matters.
  • Dev Bajpai: He is the Executive Director for Legal and Corporate Affairs, and Company Secretary, which means he handles legal matters.
  • Kalpana Morparia, O. P. Bhatt, Leo Puri, Ashish Gupta, Sanjiv Misra: These are Independent Directors, which means they are not part of the company’s daily operations but give advice and help make big decisions.

Registered Office: HUL’s main office is at Unilever House in Mumbai, Maharashtra, India.

Conclusion : 

Hindustan Unilever Limited (HUL) has been a big name in India’s FMCG (Fast Moving Consumer Goods) market for over 80 years. They are known for their strong brands and new products. HUL cares about the environment and people, which helps them stay a market leader. The Swot analysis of hul (hindustan unilever limited) provides additional information about its strengths , weaknesses , opportunities and threats which helps students to understand its business in dept and helps them to do projects on them.

HUL makes good money, follows good business practices, and focuses on earning consumer trust. This makes it a good choice for people who want to invest their money. check live share price

Looking ahead, HUL is ready to take advantage of new market trends and what consumers want. By using their strengths and adapting to changes, HUL is set to keep growing and succeeding in the future.

FAQs

1. What were the major acquisitions made by HUL in the 1990s?

In the 1990s, HUL bought several companies to grow its business. The most important ones were:

• Brooke Bond: A big tea company.
• Lipton India: Another tea and food products company.

These acquisitions helped HUL expand its product range and strengthen its market position.

2. How did HUL’s merger with Brooke Bond Lipton India impact its market position?

The merger with Brooke Bond Lipton India made HUL even stronger in the market. By combining their resources, they:

• Became the top player in the tea and foods market.
• Increased their overall product offerings.
• Gained a bigger share of the market.

3. What is the significance of HUL’s rural initiative, Project Shakti?

Project Shakti is very important for HUL because it helps them reach rural areas. Through this project:

• Women in villages are trained to sell HUL products, which helps them earn money.
• HUL products become more available in remote areas.
• It supports rural development and women empowerment.

4. How did the launch of Pureit water purifier influence HUL’s market strategy?

The launch of the Pureit water purifier was a big move for HUL. It helped them:

• Enter the health and wellness market.
• Provide safe drinking water to many households.
• Show their commitment to improving public health.

This new product expanded their market reach and added a new line to their product range.

5. What are the key features of the Unilever Sustainable Living Plan in India?

The Unilever Sustainable Living Plan focuses on:

• Reducing Environmental Impact: Making products that use less water and energy, and produce less waste.
• Enhancing Health and Well-being: Promoting hygiene, nutrition, and safe drinking water.
• Improving Livelihoods: Creating jobs and supporting small businesses.

These features show HUL’s commitment to sustainability and making a positive impact on society and the environment.