Feb 11, 2020
Tata Global Beverages Limited (TGBL) and Tata Chemicals Limited announced that the Scheme of Arrangement between TGBL and Tata Chemicals regarding the Consumer Products Business of Tata Chemicals is now operational, effective from 7 February 2020. Following this, TGBL has been renamed “Tata Consumer Products Limited.”
The formation of Tata Consumer Products Limited (TCPL, Company) marks a new strategic direction, an accelerated expansion into India’s Fast-Moving Consumer Goods (FMCG) market, while maintaining a leading and strategic presence in the International beverages market.
In India, Tata Consumer Products’ bouquet of consumer brands will benefit from the scale of its iconic brands, including Tata Tea and Tata Salt, reaching over 200 million households. This deep distribution architecture will also be supported by the Tata group’s brand building prowess. The Company intends to further build on the strong platform provided by its market leading positions in tea and salt by investing in R&D, branding, marketing, manufacturing and distribution to create a stronger and larger food and beverage platform.
The Company’s innovation capabilities, product portfolio and distribution reach positions it well to meet evolving consumer needs across the food and beverages spectrum.
Tata Consumer Products stands ‘For Better.’ The Company’s endeavour is to always aim for better - better products, better nutrition, better living. It is our belief that every person in this world strives for a better life. By constantly pushing the boundaries in everything we do – the quality of our products and services, our contribution to the community and the planet, productivity and happiness across all our workplaces and partnerships, and the wealth which we create for all our stakeholders – we will be restless evangelists for a better life.
Speaking on the announcement, N Chandrasekaran, Chairman, Tata Sons said, “The merger of the consumer businesses of Tata Chemicals and Tata Global Beverages Limited under Tata Consumer Products consolidates the group’s presence in the fast-growing consumer sector. Tata Consumer Products would be in a unique position to leverage the strong brand, wider product portfolio and distribution reach to serve the growing aspirations of consumers across the country."
As announced in December 2019, Sunil D’Souza will take over as MD and CEO of Tata Consumer Products with effect from 4 April 2020 after Mr Ajoy Misra’s retirement. Sunil has 26 years of rich and varied experience in the consumer goods industry as well as in-depth understanding of the foods and beverages categories.
About Tata Consumer Products
Tata Consumer Products Limited is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. It was formed after a de-merger of the consumer products business of Tata Chemicals Limited into Tata Global Beverages Limited, under a Scheme of Arrangement which was sanctioned by the Tribunal in January 2020, the Scheme is operational from February 7, 2020. The Company’s portfolio of products includes tea, coffee, water, salt, pulses, spices, and ready-to-eat offerings. Tata Consumer Products is the 2nd largest branded tea company in the world and over 300 million servings of its beverage brands are consumed everyday across the globe. Its key beverage brands include Tata Tea, Tetley, Eight O’Clock Coffee, Tata Coffee Grand and Himalayan Natural Mineral Water. Its foods portfolio includes brands such as Tata Salt and Tata Sampann. In India, Tata Consumer Products has a reach of over 200 million households, giving it an unparalleled ability to leverage the Tata brand in consumer products. The Company has an annual turnover of more than INR 10,000 crore and employs more than 2,200 people in its branded business workforce. For more information, please visit www.tataconsumer.com
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