Financial Insights

HUL wins award for most outstanding company of the year

At the CNBC TV18’s Indian Business Leader Awards, held in Mumbai, Indian subsidiary of Unilever, Hindustan Unilever, the FMCG giant, won the award for most outstanding company of the year.

HUL is India’s largest FMCG company with over Rs 45,000 crores in revenue and over 50 brands under it’s name. The first traces of the Unilever can be tracked back to 1931 when it established it’s first subsidiary called Hindustan Vanaspati Manufacturing Company. Two other sister companies were merged along side it to form the FMCG giant HUL in 1956.

Recently, HUL’s manufacturing unit in Dapada wwas announced as India’s first consumer goods “Advanced 4th Industrial Revolution Lighthouse”. “This is the first FMCG manufacturing site in India which has been accorded this status,” Hindustan Unilever Limited (HUL) said in a statement. The Dapada factory has shown a 39% reduction in manufacturing cost and 50% reduction in lead time.

The Global Lighthouse Network is a community of manufacturing sites recognised by the World Economic Forum (WEF) for applying advanced technologies, innovations, and sustainable practices to modernise business operations. The Network includes sites that have implemented end-to-end digitisation across the value chain, pushing the boundaries of technological advancement.

The FMCG behemoth is also making strides towards sustainability and achieved plastic neutrality in 2012, four years ahead of its target. Since 2018, HUL has facilitated environmentally safe disposal of more than 1.2 lakh tonnes of post-consumer-use plastic waste.

Highlight by Aman Agarwal.

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