Hindustan Unilever

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Hindustan Unilever Ltd. Registered Office : Hindustan Lever House 165/166 Backbay Reclamation Mumbai Maharashtra - 400020 Tel: 39832452 39832285 39832567 Business Group: MNC Associate Industry Type: Personal Care Key Officials: Ms. Leena Nair Mr. A Narayan Mr. Shrijeet Mishra Mr. C K Prahalad Mr. S Ramadorai Mr. Gopal Vittal Dr. R A Mashelkar Mr. Harish Manwani Mr. D S Parekh Mr. D Sundaram Mr. Dhaval Buch Mr. Nitin Paranjpe Mr. Ashok K Gupta Executive Director Independent Director Executive Director Independent Director Independent Director Executive Director Non.Exe.Independent Director Non Executive Chairman Independent Director Vice Chairman Additional Director Managing Director & CEO Executive Director Public Issue Date: 17/11/1956 BSE CODE: 500696 NSE CODE: HINDUNILVREQ Face Value: 1 Market Lot: 1 ISIN: INE030A01027 Current PE: 31.7162 Current Market Capital: 56107.5487 Promoters %: 52.118 Promoters Shares: 1134849460 Institution Investment %: 29.6681 Institution Investment Shares: 646011804 Auditor: LoveLock & Lewes Banker: Bank of America Bank of Baroda Central Bank of India Citibank NA. Hongkong & Shanghai Banking Corporation Ltd. Punjab National Bank Standard Chartered Bank State Bank of India

Transcript of Hindustan Unilever

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Hindustan Unilever Ltd.Registered Office : Hindustan Lever House 165/166 Backbay Reclamation Mumbai Maharashtra - 400020 Tel: 39832452 39832285 39832567 Business Group: MNC Associate

Industry Type: Personal Care

Key Officials: Ms. Leena Nair Mr. A Narayan Mr. Shrijeet Mishra Mr. C K Prahalad Mr. S Ramadorai Mr. Gopal Vittal Dr. R A Mashelkar Mr. Harish Manwani Mr. D S Parekh Mr. D Sundaram Mr. Dhaval Buch Mr. Nitin Paranjpe Mr. Ashok K Gupta

Executive Director Independent Director Executive Director Independent Director Independent Director Executive Director Non.Exe.Independent Director Non Executive Chairman Independent Director Vice Chairman Additional Director Managing Director & CEO Executive Director

Public Issue Date: 17/11/1956

BSE CODE: 500696

NSE CODE: HINDUNILVREQ

Face Value: 1 Market Lot: 1 ISIN: INE030A01027

Current PE: 31.7162 Current Market Capital: 56107.5487

Promoters %: 52.118

Promoters Shares: 1134849460

Institution Investment %: 29.6681

Institution Investment Shares: 646011804Auditor: LoveLock & Lewes

Banker: Bank of America Bank of Baroda Central Bank of India Citibank NA. Hongkong & Shanghai Banking Corporation Ltd. Punjab National Bank Standard Chartered Bank State Bank of India ICICI Bank Ltd. HDFC Bank Ltd. IDBI Bank Ltd. Canara Bank Not Reported American Express Bank Canara Bank Citibank NA. Corporation Bank Indian Overseas Bank

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Punjab National Bank Societe Generale Bank State Bank of India State Bank of Patiala ICICI Bank Ltd. HDFC Bank Ltd. Indusind Bank Ltd. Indian Overseas Bank State Bank of India State Bank of Indore HDFC Bank Ltd. State Bank of Patiala Centurion Bank of Punjab Standard Chartered Bank ICICI Bank Ltd. U C O Bank Bank of India United Bank Of India Bank of Baroda State Bank of India Indian Overseas Bank Allahabad Bank Canara Bank Mizuho Corporate Bank Ltd Bank of America Bank of Baroda Bank of India Bank of Maharashtra Central Bank of India Citibank NA. Corporation Bank Deutsche Bank AG Hongkong & Shanghai Banking Corporation Ltd. Standard Chartered Bank State Bank of India Union Bank of India ICICI Bank Ltd. HDFC Bank Ltd. State Bank of India Indian Overseas Bank Indian Bank Bank of Baroda Bank of America Bank of Baroda Bank of India Canara Bank Central Bank of India Standard Chartered Bank State Bank of India Union Bank of India HDFC Bank Ltd. Kotak Mahindra Bank Hongkong & Shanghai Banking Corporation Ltd. State Bank of India IDBI Bank Ltd. Punjab National Bank Corporation Bank IDBI Bank Ltd. ABN Amro Bank N.V. Bank of America

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Bank of Nova Scotia Canara Bank Citibank NA. Hongkong & Shanghai Banking Corporation Ltd. Punjab National Bank

Registrar:

Karvy Computershare Private LtdPlot No. 17-24 Vittal Rao NagarMadhapurHyderabad 500086 Andhra Pradesh 1-800-3454001

Company History: 1930

1888 less than four years after William Hesketh Lever launchedSunlight Soap in England his newly-founded company Lever Brothers started exporting the revolutionary laundry soap to India. By the timethe company merged with the Netherlands-based Margarine Unie in 1930 toform Unilever it had already carved a niche for itself in the Indianmarket. Coincidentally Margarine Unie also had a strong presence inIndia to which it exported Vanaspati (hydrogenated edible fat).

1933

- Incorporated on 17th October under the name of a Lever Brothers(India) Pvt. Ltd. (LBIL) was the wholly owned subsidiary of UnileverLtd. London UK.

- 1933 Lever Brothers India Limited (LBIL) incorporated in India tomanufacture Soaps.

1935

- On 11th May a subsidiary Co. was incorporated under the name UnitedTraders Pvt. Ltd. for marketing the products of the Co. or importedfrom the parent Co.

1956 -

- On 27th October the Co. was converted into a Public Ltd. Co.

- On 1st November Hindustan Vanaspati Mfg. Co. Pvt. Ltd. WilliamGossage & Sons (India) Pvt. Ltd. and Joseph Crosfield & Sons UnileverLtd. were amalgamated with LBIL and the name was changed to HindustanLever Ltd. From 23rd october onwards activities of subsidiary Co. weretaken over by its holding Co.

- On 17th November Unilever Ltd. Offered to the public 557 000 No. ofequity shares of Rs.10 each.

1976

- The company had set up plants at Taloja in Maharshtra for themanufacture of ossein and di-calcium phosphate. In August these plantswere commissioned.

1977

- On February synthetic detergents plant in Jammu was commissioned.Plant for

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manufacture of linalool from betapinere pheneyl ethylalcohol and eaters commissioned at Jammu.

1979

- In October the company set up a new industrial undertaking at Haldiafor the manufacture of sodium tri-polyphosphate phosphoric acid andsulphuric acid.

1980

- In order to reduce the non-resident holding in the Co. to 51% Uniliver Ltd. offered for sale during Feb. out of its shareholding inthe Co. 4239523 No. of equity shares of Rs.10 each at a premium ofRs.9.50 per share in the following manner;

- i) 10 00 000 shares to public financial institutions. - ii) 25 12 702 shares to the existing resident Indian shareholders ona pro-rata basis in the ratio of 1:4.

- iii) 726 821 shares to employees and Indian directors.

1983

- A new plant for synthetic detergents in Chindwara district of M.Pcommissioned Co. took on lease a detergent and toilet soap factory atthe request of Punjab govt. owned by a joint sector Co. StephansChemicals Ltd.

- A new fine chemical unit was commissioned.

- As consideration Indian shareholders of HL Ltd. were offered62 20 576 No. of equity shares of Rs.10 each of Lipton India Ltd. atpar in proportion of 2:8. ie 2 Lipt:8 HL equity. 1985

- A project for the manufacture of 500 tonnes per day of diammoniumphosphate was commissioned.

1986

- Lux toilet soap was launched.

1987

Lifebouy Personal and Breez soaps launched.

1988

- Company in collaboration with National Starch Corporation USA undertook to set up a new facility at pondicherry for the manufactureof functionalised biopolymers.

- The Co. took on lease cum purchase basis the detergents undertakingsof Union

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Home Products Ltd. Mangalore.

1989

- Synthetic Detergent plant at Sumerpur in UP & Tiolet soap plant inOrai in UP were commissioned.

- Cracking catalyst plant at Haldia commissioned.

- Vegetable oil plant commissioned at Kandla free trade zone.

1991

- Seed and Tissue culture projects commissioned at Hyderabad.

- Company proposed to set up a 17 000 tpa. film sulphonation plant atTaloja to manufacture a range of detergent actives.

- Company signed a collaboration and 100% buy back agreement withSawyer of Napa California USA to produce wool-on-leather garment andwool-on-leather products.

- Commissioned a plant for manufacture of 10 000 tonnes per annum oftoilet preparations at Pondicherry.

1992

- Entered in dental product market by introducing Pepsodent MentadentG etc.

- A factory to manufacture leather garments and other leather basedproducts including wool-on-leather garments and wool-on-leather was setup in Chennai.

- The Company undertook to set up a large scale acquaculture centre atTanjavur in Tamil Nadu for farming and processing catfish for the U.S.markets in technical collaboration with FFDA Florida USA who alsoprovide a full buy-back guarantee.

1993

- Temporary shut down of Haldia Plant due to duty free import of DAP.Entered skin product market by introducing fair & lovely. Also enteredhair care product by introducing sunsilk salon treatment & clinic supergel. Close-up confident toothbrush also introduced on the same year.

- During the year Company entered into joint selling agreement withPonds India Ltd. for distributing their products. - Company set up rice millong facilities in the free trade zone ofKandla.

- Company obtained all permissions and approvals for acquiring 80% ofthe equity capital of Nepal Lever Ltd. The company was also takingsteps to set up an effective

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distribution system in Nepal to distributeand market the products of the Co.

- Tata Oil Mills Co. Ltd. (TOMCO) was merged with Hindustan Lever Ltdwith effect from 1st April. As per the scheme of amalgamation shareholders of TOMCO were allotted without Payment in cash 2 equityshares of Rs.10 each of HL for 15 equity shares of Rs.10 each held inTOMCO. After the amalgamation Unilever PLC London were allotted on apreferencial basis 29 84 347 equity shares of Rs.10 each at a premimiumof Rs.95 per share for maintain their share holding at 51% in the Co.

-1993 HLL's largest competitor Tata Oil Mills Company (TOMCO) mergeswith the company - Erstwhile Brooke Bond India acquires Kissan Businessfrom the UB Group and Dollops icecream business from Cadbury - DoomDooma and Tea Estates Plantation divisions merged with Brooke Bond -Brooke Bond and erstwhile Lipton India merge to form Brooke Bond LiptonIndia Limited 1994 HLL and US-based Kimberley-Clark Corporation form50:50 joint venture Kimberley-Clark Lever Ltd. 1994

- Company entered male toiletries segment with the launch of Denim aftershave & Ean Dee Toilette.

- Co. set up Hot Melt Adhesive manufacturing facilities at Taloja. Andalso entered SSP business and trading.

- Wool-on-leather and wool-on-garment plant was commissioned.

- The Company entered into joint venture agreement with Kimberly-ClarkCorporation USA to promote a joint company `Kimberly-Clark Lever Ltd.'with 50% equity participation by the company. 1995

- In technical collaboration with Shinto Corporation a subsidiary ofToya Suisan Japan the Co. undertook to set up a Surimi (Fish Paste)project at an initial cost of Rs.15 crores near Veraval in GujaratState. The collaborators provided 100% buy-back guarantee for theoutput of this unit which seeks to upgrade the hitherto wasted fisheryresources of the country. The plant was commissioned in the secondquarter.

- The Company entered into joint venture agreement with Lakme LeverLtd. to undertake the manufacturing and distribution of colourcosmetics and other personal care products.

- The Company also entered into an agreement with S C Johnson & SonUSA for manufacture and sales of insecticides such as insectrepellents disinfectants and similar products in India.

- The Company received the President's Award for Outstandingperformance in Agri Commodities for the year 1994-95.

- 1995 HLL and Indian cosmetics major Lakme Ltd form 50:50 jointventure Lakme Lever Ltd. HLL acquires Kwality and Milkfood 100%brandnames and distribution assets. - HLL and US-based S.C. Johnson & Son Inc. form 50:50 joint venture Lever Johnson (Consumer Products) Pvt. Ltd.HLL Soaps and Detergentsales cross one

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million tonnes.

1996

- Brooke Bond India Ltd. was amalgamated with the Company. As per thescheme of amlgamation the Company allotted 533 28 713 equity shares tothe share holders of Brooke Bond India Ltd. in the proportion 9 sharesof the company for 20 shares held in Brooke Bond India Ltd.

- The Company entered into joint venture S C Johnson & Son USA. TheJoint Venture named Lever Johnson Consumer products Pvt. Ltd.

1997

- Company received the Solvent Extractors' Association Award for beingthe highest exporter of Rice Bran Extractions during 1996-97.

- The Far Eastern Economic Review Hong Kong has adjudged HLL the BestIndian company in its Review 200: Asia's Leading Companies survey.

1998

- The Directors of Hindustan Lever Limited at their meeting held on16th March considered and approved the proposal for amalgamation ofPonds India Limited with Hindustan Lever Limited. HLL's tea businessis among the biggest in the world.

- The Department of Agriculture and co-operation under the ministry ofagriculture has directed Lever Johnson (Consumer Products) Ltd. asubsidiary of Hindustan Lever Limited and Icon Household Products Pvt.Ltd. to withdraw from the market the mosquito mat repellent Raid fromDomex on charges of having grossly violated the conditions ofregistration.

- HLL has also taken several initiatives in raising awareness of oralcare and hygiene in India. One of these programmes is the free dentalcheck-up programme which is conducted in collaboration with the IndianDental Association.

- In India the only company in the poultry business that is sellingchicken meat is Venkateshwara Hatcheries (VHL). VHL sells its productsunder the brand name Venky's which is currently sold in only majorcities Hindustan Lever is presently working on the feasibility of thepoultry business.

- Unilever set up the Hindustan Vanaspati Manufacturing Company itsfirst subsidiary in India and established two more subsidiaries leverBrothers India Ltd. and United Traders Ltd.

- The managements of Pond's (India) Limited and Hindustan Lever Limitedhave decided to propose the amalgamation of PIL with HLL. Both thecompanies are subsidiaries of Unilever Plc which holds 51 per centequity in each.

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- Hindustan Lever Ltd (HLL) has signed the Fuel Supply Agreement (FSA)with public sector Indian Oil Corporation (IOC) for the entire fuel andlubricant requirements of its manufacturing unit in Orai. This thefirst time that two giants one from public sector and other from theprivate sector have joined hands as "partners in progress" and alsoaugurs future partnerships between IOC and HLL.

- IOC's northern region general manager (sales) I H Hashmi and R KMutreja from HLL signed FSA for five years supply of HSD (petrol) furnace oil and lubes to the tune of 555 kilo litre per month.

- Hindustan Lever is the largest manufacturer of Lifebuoy Lux Breeze Rexona and Haman in the country under a division christened thepersonal products division.

- The managements of Pond's (India) (PIL) and HLL have decided topropose the amalgamation of PIL with HLL. They are subsidiaries ofUnilever UK which holds 51 per cent equity in both.

- HLL also proposes to acquire from Lakme the latter's 50 per centshare holding in the 50:50 joint venture company Lakme Lever theLakme trademark from Lakme's wholly-owned subsidiary Lakme Brands andlakme's manufacturing undertakings at Deonar and Kandla (the latterowned by Lakme Exports). HLL is setting up a Max Club for children.

- Hindustan Lever Ltd and Nicholas Piramal India Ltd have received theQAD rapid Achiever Award at its first ever Asia Pacific Explore `98user conference held in Bangkok.

- HLL has signed a memorandum of understanding with Tata HousingDevelopment Company for developing some of its properties intoresidential and commercial complexes.

- In the scheme of amalgamation to the planned merger the company hasstated that about 8.8 per cent of the issue subscribed and paid-upcapital of the transferor company (Pond's) will stand cancelled. HLLhas 13 25 954 shares of Pond's India.

- HLL had bought eight lakh shares of BBLIL from UTI two weeks prior tothe announcement of the merger at a price of Rs. 350 per share on March25 1996.

- Hindustan Lever Ltd has awarded a country wide project of payrollmanagement to Calcutta-based Vedika Software (P) Ltd.

- HLL has a world-class information technology infrastructure to enablethe businesses to respond faster and perform better.

- Hindustan Lever Ltd (HLL) has entered into job work arrangements withsome bought leaf tea factories in the Nilgiris.

- The Tatas have joined hands with Hindustan Lever Ltd (HLL) in Keralato set up a Rs.686 crore hospitality housing and infrastructureproject. The project proposes to

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construct a five star hotel complex technology park world trade centre business and commercial space shopping mall and housing complexes at Tatapuram in the heart of Kochicity covering an area of 35 acres.

- HLL has signed a memorandum of understanding with Swastic Vanaspatiof Biratnagar Nepal for the supply of hydrogenated oil under its ownbrandname Dalda.

- Hindustan Lever to buy out Kwality's ice-cream plants; agreement tobe signed soon Hindustan Lever Limited (HLL) has suffered twin setbacksin its plans of selling Kwality Ice creams nationwide.

- The board of directors of Tasty Bite Eatables has issued 59 530 nonconvertible preference shares of Rs.100 each at a premium of Rs.1 950per share to Hindustan Lever on private placement basis. Thepreference share will carry a coupon of 1 per cent for a tenure of tenyears said a notice issued to the Mumbai Stock Exchange.

- HLL has entered into an agreement with Johnson & Johnson for usingthe trademark Savlon for its soap products. The agreement was enteredinto eight months back and concerns only soaps.

- HLL has also entered into joint ventures to introduce products thatare not in Unilever's global portfolio. These include joint ventureswith Kimberly Clark and SC. Johnson for personal hygiene and householdscare respectively.

- HLL was one of the first companies to join the National SecuritiesDepository (NSDL) to encourage its shareholders to avail themselves ofits benefits.

- Hindustan Lever Limited's Bangalore factory has received NationalProductivity Award for the fourth year in a row from NationalProductivity Council. The factor has also received ISO 9002certification.

- 1998 Group company Pond's India Ltd merges with HLL. HLL acquiresLakme brand factories and Lakme Ltd's 50% equity in Lakme Lever Ltd.HLL acquires manufacturing rights of Kwality icecream. AppellateAuthority of Government of India absolves HLL of insider tradingcharges made by SEBI in 1997 in the BBLIL merger.

1999

- Hindustan Lever Ltd (HLL) has joined hands with the Institute forSocial and Economic Change (Isec) for a rural development programme inKarnataka.

- Hindustan lever Ltd has decided to merge its subsidiary IndustrialPerfumes Ltd with the company. The merger would be effective fromJanuary 1.

- The company holds 1 27 497 shares of Rs. 100 each. IndustrialPerfumes manufacturers aroma chemicals such as deodorant and perfumes.According to the company as per the scheme of amalgamation for everyfive equity shares of Rs 10 each of Industrial Perfumes two shares ofHLL will be given.

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- Hindustan Lever Ltd is selling its Rs 80-crore dairy business toNutricia International BV part of the $1.7bn Dutch dairy productsgiant Koninklijke (Royal) Numico NV Group for a yet undisclosed sum.A memorandum to this effect was signed a few days ago.

- Consumer Giant Hindsutan Lever Limited (HLL) has converted a part ofits debt which otherwise would have been non-realisable from TastyBite Eatables Ltd into non-cumulative non-convertible redeemablepreference shares carrying an interest rate of 1 per cent.

- Hindustan Lever Limited (HLL) has decided to dispose of its dairybusiness to Nutricia (India) Pvt Ltd and spin off its animal andpoultry feeds into a separate subsidiary.

- Industrial Perfumes Limited is to amalgamate with Hindustan LeverLimited (HLL) and under the scheme HLL is to issue at par and allot twoequity shares of Rs 10 each to the shareholders of Industrial performesfor every five shares held by them in that company. - Hindustan Lever holds about 51 per cent of the issued subscribed andpaid-up capital of Industrial Perfumes Limited and the shares if anyheld by HLL and its subsidiary companies as on the record date inIndustrial perfumes shall be concelled.

2000

- The Company will be the largest e-tailer in the next two years.

- The company has entered into a five-year wet lease agreement with theHyderabad-based Premier Explosives (PEL) to operate the latter'smushroom farms near Hyderabad.

- The Company has launched a `ready to drink' (RTD) tea brand LiptonIce Tea in Hyderabad with lemon and mango flavours.

- The Company has launched a new brand of toopaste -- Aim.

- The Company has unveiled the country's first liquid detergent fordaily washing needs Surf Excel Liquid detergent in the Indian Market.

- The Company launched the International Lux Skincare range "SunscreenFormula".

- 2000 HLL acquires Modern Foods the first public sector company to bedivested by theGovernment of India

- The Coompany has launched Surf Excell Liquid Detergent for dailywashing of clothes.

- HLL markets more than 110 brands in 950 packs. the products are soldin one million retail outlets directly covering India's entire urbanpopulation and about 50 000

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villages.

- The Company has launched a cooking medium New Dalda Activ.

- FMCG major Hindustan Lever Ltd aiming to strengthen its foodsbusiness has received a boost in this endeavour with its parentUnilever acquiring the US-based food company Bestfoods.

- The Aviance the international range of beauty solutions by theHindustan Lever Ltd. has launched a hair care range comprising fourshampoos and two conditioners.

- The Company has chalked out its expansion plans in tea throughacquisitions greenfield ventures and a five-year plan entailingmodernisation uprooting and research.

- Hindustan Lever's aggressive brand introduction spree in deodorants anascent Rs 75 crore market seems to be growth by categorisation.

- The Company has been ranked among the top 15 emerging marketcompanies worldwide. HLL is the only Indian Company and also the onlyfood and household products firm to figure in the list.

- The Company has offered two alternatives a voluntary retirementscheme and termination of services to executives of Rossell IndustriesLtd.

- The Company has relaunched Close-Up as "Super Fresh Close-Up" with anadded attribute of containing an anti-bacterial agent along with anexistent mouth wash.

- The Company mount a series of aggressive initiatives this year toshore up the performance of its ice cream business.

- The Company has tied-up with a growing corporate services agency LesConclerges to make itself a one-stop convenience shop by entering thehome services sector.

- The Company has acquired four factories from Amalgam Foods Ltd. on awet lease to carry out the processing of marine products.

- The Company for the second year running has been rated among theworld's 100 best-managed companies.

- HLL has introduced ColourFast Slims a new range on lipsticks underits Aviance Beauty Solutions brand.

- The Company has launched the Lux Body Wash along with a Lux loofah inKarnataka. This is the first mass-appeal body wash to be launchedunder the brandname Lux.

- Hindustan Lever and Elizabeth Arden launched Elizabeth Arden Unilever's

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Prestigious cosmetics and fragrance brand in India.

- The Company has set up 12 counters across the country to carry outexchange of share certificates for new certificates of Re 1 face value.

- Kwality Wall's a division of Hindustan Lever Ltd. has launchedsofty ice cream and has positioned it as a mass market product and Headof the ice cream business.

- FMCG major Hindustan Lever Ltd will mark its entry into the softy icecream segment by setting up softy kiosks in all major metros startingwith Chennai.

- The Company has relaunched its tea brand Brooke Bond Red Label withAssam Super Tasters.

- Hindustan Lever Ltd. has proposed to make an open offer for a 24 percent stake held by local shareholders in International Bestfoods Ltd. which is now a subsidiary of parent Unilever.

- Hindustan Lever Ltd's Pepsodent toothpaste has introduced games atMcDonald's outlets.

- The Company has introduced New Hi-Power Vim Bar with enhanced greasecutting power and lime juice.

- The Company has entered into an in-principle agreement of DheerajKumars Creative eye for buying out Indian satellite rights of themega-television serial "Om Namah Shivay" in Hindi.

- The Company has launched Aim toothbrush in South India.

- The Company has launched an innovative scheme with gold coinsembedded in tablets of its Lux brand of soap.

- The Company has launched the new Nutririch Fair & Lovely fairnessreviving lotion.

- HLL has entered into an agreement with FFI Fragrances to continueimporting and distributing the globally renowned prestige brand -Elizabeth Arden - for the next six ti twelve months.

2001

- Shampoo brand `Clinic All Clear' on the Net Hindustan Lever haslaunched a host of Web Promotions on popular Websites which include Rediff.com Sify.com Indya.com Uthplanet.com Hungama.com andC2W.com.

- Hindustan Lever and International BestFoods are formalising anagreement under which HLL will sell and distribue IBL products witheffect from January 1.

- Hindustan Lever Ltd (HLL) has launched Clinic Plus Protein Shampoowith a new

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formulation that contains a Protein Health Complex.

- Hindustan Lever has launched after-shave lotions from its CalvinKlein brand of fragrances -- Obsession Etermotu amd Escape.

- The Company's Nihar a brand of double-filtered coconut oil haschanged packaging and logo.

- HLL has over 36 000 employees and has created 2 lakh indirect jobs.Its operations are spread across 70 locations in India. There are over50 factories of which 28 are in backward areas. The operations involve2000 suppliers and aassociates and 7000 stockists and agents. HLL hasemerged as a major Exporter.

- Hindustan Lever has entered into a strategic tie-up with the Nasdaqlisted iVillage Inc reported for the year ending December 1999 operator of iVillage.com to set up a women portal for the Indianmarket.

- HLL has launched the New Pears Oil Clear bathing bar.

- The Company is launching a new Website called "Castorworld.com" -- ab-2-b e-commerce project for Castor.

- Joint Ventures are being formed for two of its non-FMCG businesses toprotect their value - one with Godrej Agrovet for our AFS business andanother with the ICI group for our Fragrance/Flavours division.

- Hindustan Lever has chalked out a turn-around strategy for its ailingice cream business.

- Hindustan Lever Ltd. has organised a mobile van promotion called`Dare to Wear Black Mania' in order to promote Clinic All Clear itsanti-dandruff shampoo.

- Hindustan Lever Ltd is hiving off its existing business offragrances flavours and food ingredients into a separate jointventure Quest International India in which paints major ICI Indiawill hold a majority stake.

- HLL has launched the new Fair & Lovely Fairness Soap -- which willhelp make the skin fairer safely and gently.

- Hindustan Lever's Pond's Magic DeoTalc has been launched with a newenhanced deodorant protection.

- International Bestfoods Ltd. has become a subsidiary of HindustanLever Ltd with effect from 22nd April.

- Hindustan Lever has entered into a joint venture with Godrej Agroveta subsidiary of Godrej Soaps.

- An agreement has been entered into with the ICI Group for a JointVenture for the

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Quest division of the Flavours and Fragrances business.

- The Company has launched International Rexona 24 HR Intensive inIndia.

- The Company has launched Pond's Light n' Fresh talc.

- The Company has launched the new Lakme Sunscreen Lotion withultraviolet rays guard and Alpine Mint.

- The shareholders of Hindustan Lever have approved a proposal to mergeInternational Bestfoods and Aviance with HLL.

- Hindustan Lever Ltd's factory at Garden Reach near Kolkata faces aone-day strike in July the reason being to press their demands forhigher wages.

- Hindustan Lever will be closing its thermometer mercury factory atKodaikanal in Tamil Nadu.

- Hindustan Lever has commissioned a detergent and a tea factory inSilvassa taking its total number of new factories to seven in thecurrent year. - MRTPC has dismissed a complaint filed against Hindustan Lever forallegedly increasing prices of its products Glucon-D and Nycil.

- In October 2000 HLL acting in concert with Unilever made an opentender offer for the remaining 24.62%of the IBL equity at price Rs173.00 per share.

2001

- The Board of Hindustan Lever Ltd (HLL) had approved the transfer ofits undertaking engaged in seeds business to its subsidiary Paras ExtraGrowth Seeds Ltd.

- International Bestfoods Limited (IBL) has become asubsidary ofHindustan Lever w.e.f April 21 2001. The Board of IBL has alreadyapproved the transfer of 75.38% of the equity of IBL earlierheld byBest Foods USA in favour of HLL.

- The company has signed an agreement with ICI India a subsidiary ofICI plc UK for sale of Nickel Catalyst business and Adhesivesbusiness a sub-unit of Specialty Chemicals Division of the company'sChemicals and Agri operations for a consideration of Rs.21 crore and Rs9 crores respectively.

2002

-S Ramadorai appointed as Non-executive Director on the Board of HLL.

-Opto Circuits enters into an agreement with HLL to buy the business line of Digital Thermometers.

-The Lever Gist Brocades a 50:50 joint venture of Hindustan Lever (HLL) and DSM of The Netherlands was sold to Burns Philp India the local arm of the Australia-based

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food conglomerate Burns Philp.

- Company's branded salt Annapurna launched in Africa

- Project Shakti a rural marketing initiative brings HLL 20% rise in rural consumption

- Signs Joint Venture with India Seeds Holdings Ltd. a company incorporated in Mauritius engaged in the seed and biotechnology industry for transfer of its seeds business undertakingParas Extra Growth Seeds Ltd. (PEGSL) for a consideration of Rs 115 crore

- Comes out from the premium (prestige) fragrances segment by stopping distribution of Calvin Klein in the country

- Enters into ayurvedic healthcare market by releasing their Lever Ayush ayurvedic health and beauty care products

-Enters into sourcing agreement with Unilever Australia and Unilever US for supplying tea bags

- Lever Gist Brocades a 50:50 joint venture of Hindustan Lever (HLL) and DSM of The Netherlands was sold to Burns Philp India the local arm of the Australia-based food conglomerate Burns Philp

- HLL's ice-cream business makes profit for the first time in its history

- Shareholders approve bonus debentures issue

- Forays into snack foods market under the Knorr Annapurna brand

- Stops the production of two of its variants under the Sunsilk shampoo range - Bouncy Volume and Ceramide Plus

- Ties up with Madhya Pradesh government for achieving all-round growth through empowerment of rural people and launches 'Vindhya Valley' umbrella brand for food products

- Relaunches Deluxe Green Label with a better and stronger aroma in the four southern states to consolidate its position as a leading filter coffee brand

- Acquires remaining 26% stake in Modern Foods for Rs 44.07cr

- The company chosen as the most preferred company on campus

- Hindustan Lever Kochi wins commendation certificates for energy conservation from the State-level Monitoring Committee for Energy Conservation for year 2002

2003

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- Ties up with Pepsi for distribution signs a memorandum of understanding with Pepsi to leverage each other's strengths in distribution. The agreement provides Pepsi access to the HLL's institutional accounts.

- Unveils New Rin Supreme Bar with 'Pure Clean' technology

- Relaunches kids ice-cream with 4 new products Mango Tango Rainbow Twister and Super Twister priced between Rs 7 and Rs 15

- Acquires the seafoods business of the south-based Amalgam group

- Sells GLUCOVITA a brand in the glucose powder market to Wipro

- Unilever hands over global marketing of Pears to HLL

- Patents a new technology called 'alphos' for manufacturing soap which will allow the company to manufacture the same quality of soap at low prices

- Forays into conventional biscuits market by launching a traditional glucose biscuit under its acquired bakery brand Modern

- Relaunches Surf Excel as a low-foam detergent to target markets facing severe water crisis

- Offloads carpets business for Rs 1 crore

- Infuses over Rs 80 crore to scale up its holding in subsidiaries

- Sets up a Ayurvedic science centre - Ayush Therapy Centre - to provide a platform for scientific enquiry of Ayurveda and dissemination of this knowledge through collaborations with leading national and international scientific Ayurvedic and medical experts and institutions

- Floats centralised shared services centre

- Places 88 000 WLL connections order with Reliance

- Begins supplying Unilever's tea bags

- Bharat Petroleum Corporation Ltd (BPCL) forges alliance with Hindustan Lever (HLL) to sell their goods along with the LPG cylinders which will allow the sale of durables and FMCG products

- Unites Knorr Annapurna brands under one roof in the name Knorr Annapurna Umbrella

- Floats a 100 per cent business process outsourcing (BPO) subsidiary named 'Christened Indigo'. christened Indigo is divided in to two divisions one for domestic

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market and other for international market

-HLL's advertisements reappear on Zee TV after nearly a gap of one year

-- The company has tied up with Bharat Petroleum Corporation Ltd for selling grocery items to LPG customers through BPCL`s distributor network. the consumers can order all HLL products from Bharatgas distributors in select cities.

-Introduced two new variants of Pepsodent toothpaste Regular Fresh Flavour and White Family Flavour. The company has also launched a 20 gm pack priced at Rs 5.

-Unveiled Lifebuoy which is priced at Rs 2 at the retail level

-Entered into an agreement with Beeyu Overseas Ltd (BOL) which agreed to market coffee in Poland

-HLL extended its Knorr Annapurna range into soup powders at Rs 5. Sporting flavours such as Tomato Tease Spicy Vegetable Chicken Punch and Peppery Chicken

-The company has extended its Modern brand of bread and cakes to biscuits.

-The companty has introduced a new mango drink 'Mr Fruit'.

-HLL unveils Unnati Scheme

2004

-Relaunches Rin Shakti Powder and Rin Shakti Bar

-Mr. Harish Manwani appointed president home and personal care North America a business worth 5bn euros in sales turnover for '02

-HLL unveils new festival package for its coffee brands

-HLL unveils new schemes to lure customers in Tamil Nadu

-HLL launches mega project on experimental basis in Mumbai

-HLL creates 'Power in Power'

-Gets award for industrial safety by National Safety Council Kerala Chapter in chemical industries sector in medium size industries category

-Hindustan Lever Ltd tied up with the private sector power utility CESC Ltd for sampling of Pepsodent toothpaste. `Touchbase with Kolkata' project said that with its April bills CESC would be sending out 14.1 lakh covers carrying the Pepsodent label and a small 15 gm tube of toothpaste with a new flavour.

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-HLL to ink MoU with Pepsi

- HLL sets up new Ayush centre in Mumbai

-HLL forays into water biz rolls out Pure It to purify water

-Hindustan Lever Ltd has introduced its new active Gel Close Up in the market

-Hindustan Lever launches `Perfect Radiance' range of 12 premium skincare products under brand name Fair & Lovely on May 26 2004

-Hindustan Lever Ernakulam has won the State Pollution Control Award 2004

- Hindustan Lever Ltd launches Domex Thick a disinfectant cleaner in Kerala priced at Rs 22 for 500 ml.

-HLL unveils 2 imported products under Lakme brand

-HLL enters into kids' personal care market

-Unilever the parent company of Hindustan Lever and one of the world's largest consumer products companies has set up a global sourcing arm that will have a large presence in India to buy products and raw materials from low-cost locations for its subsidiaries across the world

-HLL sells Kissan factory premises in Bangalore for Rs 60 cr

-HLL's Modern Food unveils diet bread

-Launches Dove Ultra Moisturizing Body Wash

-HLL inks pact with Pepsi in beverage segment

2005

-HLL introduce iced tea in glass bottles

- Unilever Overseas Holdings BV (UOHBV) the Netherlands based wholly owned subsidiary of Unilever PLC divests 37 00 000 equity shares Rs 10/- each of Rossell Industries Ltd (RIL) in favour of M/s M K Shah Exports Ltd one of the leading exporter and tea plantation company in India being an Indian unlisted company.

- Hindustan lever Ltd on May 22 2005 entered Himachal in a big way by setting up a home-and-personal-care(HPC) factory with an initial investment of Rs 110 crore.

-HLL rolls out Brooke Bond brand variation

-Mcleod Russel & HLL signs MoU

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2007

-Hindustan Lever Ltd. has appointed Mr. Ashok K. Gupta as "Officer who is in default" for the purposes of Compliance with section 5(f) of the Companies Act 1956.

2008

-Hindustan Unilever Limited has informed that Mr. Sanjiv kakkar Executive Director Sales & Customer Development has been appointed Chairman Unilever Russia Ukraine and Belarus (RUB) with effect from 1st September 2008.