In the first of a two-part series, the founder and chairman of Marico demystifies what it takes to win in the game of life and work as he recounts his inspiring journey of building a world-class FMCG company in a masterclass on strategy and ethics
Harsh Mariwala, Founder and Chairman, Marico
Harsh Mariwala, 72, is one of the most respected entrepreneurs and visionaries. He built a domestic consumer goods company, Marico, on the strong pillars of transparency, governance, innovation, and a consumer-centric approach. Despite crises and stiff competition, Marico held up to the towering might of large MNCs and created lasting value for its stakeholders.
“I have built Marico from a small business to medium to large to now an institution which will survive beyond me. I have put in those processes, people, who will be in charge of the business even if something happens to me. Things like the strategy, purpose, culture, and values of the organisation and role of the board are very well defined. I have created an organisation which will last for perpetuity,” Mariwala says in part one of an exclusive conversation on Forbes India Pathbreakers.
But there’s more to Marico’s founder and chairman. He is a doting grandfather and his zest for life is unmissable. His days are packed with a bit of everything: Golf, Pilates, gym, leadership conferences, mentoring sessions, overseeing strategic plans at Marico, and a lot more. Mariwala, a life-long learner, has found balance and kept pace in a chaotic and rapidly changing world. Edited excerpts:
My belief that everything happens for the good has been reinforced many times. There is always a positive side. There is always a silver lining to every problem. But sometimes some things are not in your fortune or destiny. Not getting into a B-school left me thinking how I would manage the company. I always wanted to recruit very good talent which was professional in terms of qualifications and capability. There are always ways to overcome that lack of formal education by doing short term programs, reading books, interacting with thought leaders. I have tried to constantly update myself. Learning is life-long. There is no end destination, it is a journey. I have seen many leaders who are open to learning. They are searching for meaning and solutions by talking to other individuals and trying to improve themselves. Such leaders have done very well in business and relationships.
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