Kochi,: Jyothy Laboratories Ltd (JLL), the Indian home grown FMCG Company, today announced the appointment of Ms. MR Jyothy as the Managing Director. Her appointment comes with effect from April 01, 2020. Mr. MP Ramachandran, continues to serve as the Chairman Emeritus of the company.
Ms. MR Jyothy has been a part of Jyothy Labs for 14 years and her expertise lies in marketing and brand communication. In her last held designation, she was the Chief Marketing Officer and the Whole Time Director of the company. She has been instrumental in integrating brands like Henko, Pril and Margo and has successfully handled the post acquisition operations of Henkel India. The company also unveiled its new logo today.
Commenting on her appointment, MR Jyothy said, “I am honored to be taking charge as the Managing Director of Jyothy Laboratories. My top priorities will be to further strengthen the power brands with enhanced focused towards innovation and continuous Research & Development. In addition, I aim to strengthen the sales & distribution of the company.”
“I will strive my best to continue the legacy built by my father, by keeping the culture and value system intact while growing the company further,” Jyothy added.
Mr. MP Ramachandran, Chairman and Managing Director of Jyothy Laboratories stated, “I’m very happy that the next generation is ready to take charge with responsibility and are well qualified, well trained to take the company to the next level of growth. I’m very confident that my daughter MR Jyothy as the Managing Director will deliver results to all the stake holders of the company. Over the last 36 years, we have come a long way from one brand Ujala Company to a multi brand FMCG national company.”
“Ms. Jyothy has been on the board for the last 14 years, and has observed the functioning of the company from close quarters. She is associated with the company from a very long time in senior management team and I’m sure that along with other experienced and qualified professionals at the helm, the company is geared for next level of accelerated growth”, added Mr. Ramachandran.
The 36 year old home grown FMCG Company Jyothy Laboratories started with an initial investment of Rs. 5,000 and today boasts a market cap of over Rs. 6,000 crore. Present in major segments like Fabric Care, Dishwash, Household Insecticide and Personal care, the company owns six power brands such as Ujala, Margo, Maxo, Exo, Henko and Pril. For the fiscal ended FY 2018-19 the company recorded a Net Profit of Rs 193 crore on a Net Revenue of Rs 1,769 crore.