User:KFJU/sandbox
Sanjaya Mariwala
[edit]Sanjaya Mariwala is the executive chairman and managing director of OmniActive Health Technologies Ltd., a preventive healthcare company that he founded in 2004.[1][2]
He is also the founder-president of the Association of Herbal and Nutraceuticals Manufacturers of India (AHNMI). AHMNI is an industry body of 350-plus manufacturers of the nutraceutical industry in India. India's nutraceuticals industry has the potential to expand to $25-30 billion placing the country prominently in the global industry map due to the country's inherent advantages.[1][3]
Early Life
[edit]In 1980 Sanjaya Mariwala joined his family business The Bombay Oil Industries group set up by his great-grandfather Kanji Morarji in 1911. He was associated with various businesses of the group, MARICO, VKL and others. He ran Kancor Ingredients Ltd, a pioneer in the extraction of spices like bell pepper, turmeric and paprika for 24 years. In 2014, he sold a majority stake of Kancor Ingredients.[4] [1]
Investments into other Businesses
[edit]Sanjaya Mariwala’s Special Purpose Vehicle (SPV) had received investment worth Rs 250 crore from Kotak Special Situations Fund (KSSF) – managed by Kotak Investment Advisors Limited (KIAL). The investment objective was to buy-out two B2C supplement businesses – “Setu" and “Edence" from Omniactive Health Technologies Limited (OmniActive).[5] Nihaal Mariwala, son of Sanjaya Mariwala is the co-founder of Setu, direct-to-consumer health-tech brand focused on revolutionising the supplement industry in India. [6]
Awards
[edit]- December 2016 – "Entrepreneur of the Year Award” at the Ascent Conclave.[7]
References
[edit]- ^ a b c Bhardwaj, Tarun (May 20, 2021). "People are more invested in preventive health, natural wellness than before: Sanjaya Mariwala, OmniActive Health Technologies". The Financial Express.
- ^ "Mariwala's Right Click". Business Today. Retrieved 2021-12-21.
- ^ Mishra, Lalatendu (2020-11-09). "Nutraceutical industry seeks policy and regulatory charges to achieve potential". The Hindu. ISSN 0971-751X. Retrieved 2021-12-21.
- ^ Meghani, Varsha (Jul 26, 2018). "OmniActive Health Technologies: A dose of nutrition". Forbes India .
- ^ Writer, Staff (23 Feb 2021). "Kotak Special Situation fund invests ₹250 crore in Sanjaya Mariwala's SPV". Live Mint.
- ^ Menon, Rashmi (2018-04-09). "No advice-giving uncles in Nihaal Mariwala's office". The Economic Times.
- ^ Team, H. T. (2016-12-22). "Sanjaya Mariwala wins Entrepreneur of the Year Award". CXOTV Health. Retrieved 2021-12-21.