The Board of Directors of Marico Limited has approved restructuring of the company's businesses, corporate entities and organization, effective April 1, 2013. This restructuring is a proactive step to build on the company's sustained value creation, by proactively re-organizing itself, taking into account the context of increasing convergence of businesses in Consumer Products Business (CPB) in India and the International FMCG businesses (IBG) and Kaya's distinct potential to create value as an independent business. The business portfolios of CPB and IBG businesses are increasingly mirroring each other especially after the company acquired the portfolio of youth brands including Set Wet, Zatak and Livon earlier this year.

The company also strongly believes that for the next phase of its Value Creation journey, the Kaya business should be run in an entrepreneurial manner independently from the FMCG business of Marico. The Consumer Product Business (CPB) and International Business Group (IBG) will now form a unified FMCG business. Kaya will be sharply re-defined as a separate business.

The company is currently the apex corporate entity, which effectively owns all businesses in the group. It proposes to create two separate companies through partitioning of the current Marico Limited, into an FMCG Business Company which is the company (already in existence) and a Kaya Business Company which will be Marico Kaya Enterprises Limited (MaKE, to be formed) or any such other name as may be approved by the Registrar of Companies.