M R Jyothy to take over the Reins of JLL IN April 2020
Kochi: M R Jyothy, currently the Director of Jyothy Laboratories Ltd. (JLL), the Indian home-grown FMCG company, will be appointed Managing Director with effect from April 1, 2020. Jyothy is the eldest daughter of M P Ramachandran, the founder Chairman of the company, who will be stepping down as the Managing Director. However, Ramachandran will continue to serve as the Chairman Emeritus of JLL.
M P Ramachandran, while speaking to the media in Kochi recently after announcing the succession plan, expressed happiness in that the next generation is ready to take charge and well qualified and trained to grow the company to the next level.
Jyothy, a director on board of the company for the last 14 years, is the eldest daughter of M P Ramachandran, the Founder Chairman & MD
“I am very confident that my daughter M R Jyothy as the Managing Director will deliver results to all the stakeholders of the company. Over the last 36 years, we have come a long way from a single-brand Ujala company to a multi-brand FMCG national company. Jyothy has been on the Board for the last 14 years and observed the functioning of the company from close quarters. She has been associated with the company for a very long time as part of the senior management team and I am sure that along with other experienced and qualified professionals at the helm, she will help take the company forward to the next level of accelerated growth,” Ramachandran said.
JLL also released the new logo of the company – a deep blue flower with seven petals.
Ullas Kamath, Joint Managing Director, JLL was also present on the occasion. “We are growing better than the other companies in the FMCG segment. In the next five years our focus will be on the Indian market. After that, we may switch our focus to West Asia, North Africa and South East Asia,” Kamath said.
Before being promoted as MD, Jyothy was the Chief Marketing Officer and Whole Time Director of the company. Her expertise lies in marketing and brand communication. She has been instrumental in integrating brands like Henko, Pril and Margo and has successfully handled the post-acquisition operations of Henkel India.
Commenting on her appointment, Jyothy said, “I am honoured to take charge as the Managing Director of JLL. My top priority will be to further strengthen the power brands with enhanced focus on innovation and continuous Research & Development. In addition, I intend to strengthen the sales and distribution arm of the company. I will try my best to take forward the legacy built by my father, by keeping the culture and value system intact while growing the company further.”
JLL, the 36-year-old homegrown FMCG company, was launched with an initial investment of Rs. 5000 and today it has a market cap of over Rs. 6000 crore. Present in major segments like Fabric Care, Home Care (household insecticide, surface cleaner, air care), Personal Care and Dish Wash the company owns six power brands such as Ujala, Margo, Maxo, Exo, Henko and Pril.
For the fiscal ended March 2019 the company recorded a Net Profit of Rs. 193 crore on a Net Revenue of Rs. 1769 crore.