At the CEO conference held in Mumbai in March 2019, organised by the ISA (Indian Society of Advertisers) and the exchange4media group, Harsh Mariwala, chairman of consumer goods company Marico, spoke about the need to create a distinct organisational culture that adds value to all stakeholders and helps attract talent.
Mariwala is an Indian entrepreneur and founder and chairman of Marico, a Fortune India 500 company. Mariwala founded Marico in 1990 as a family-run business trading in spices and edible oils, and gradually transformed it into a fast-moving consumer goods giant. With a turnover of over $1bn, Marico now has operations in 25 countries across Asia and Africa and is best known for Saffola, the cooking oil brand, and Parachute, the hair oil brand.
Mariwala began his presentation by stating that an organisation today is accountable not only to its shareholders but also to all its stakeholders, including employees, customers, associates and society at large.