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Mumbai, November 10, 2005: Godrej Tea has joined hands with leading
FMCG Company, Jyothi Laboratories Ltd., to market Godrej Tea across
the country. The strategic initiative will ensure that Godrej Tea
will be available in maximum number of outlets across the country
since Jyothi Laboratories has a large field force and distributor
network.
As part of its expansion plan to broaden its product availability
and widen its consumer base, Godrej Tea has tied-up with Jyothi
Laboratories since its flagship brand Ujala has more than 25 lakh
retail outlets across the country and is strongly backed by the
frequent servicing of distribution network of retailers.
Says Mr. A Mahendran, Director, Godrej Tea Ltd, "This initiative
would help the placement of our tea in large number of retail outlets
in the quickest possible time with the infrastructure that Jyothi
Laboratories has. I strongly believe that this tie-up would be a
win-win formula for both Godrej Tea & Jyothi Laboratories."
Speaking on this tie-up, Mr. M P Ramachandran, Chairman & Managing
Director, Jyothi Laboratories Ltd. said, "We see synergies
in this tie-up as it will help leverage our distribution strengths.
This is the first time that we have entered into this type of an
arrangement. And we are hopeful that this will garner additional
business with additional profits for us."
ABOUT GODREJ TEA
Godrej Tea Limited was established in September 2002 and is part
of the Rs. 4000 crore, 17,000 people strong Godrej Group. The venture
is currently headed by A Mahendran (Managing Director of Godrej
Sara Lee) and Zozden Lobo (Chief Operating Officer) with Godrej
Group Chairman, Adi Godrej as chairman of the company. Other directors
include Jamshyd Godrej, Nadir Godrej and Pranab Barua. Godrej Industries
Limited will have a 65 % stake in the company with the rest held
between Pranab Barua and A. Mahendran.
The management team has been put together by tapping into the Godrej
Group's existing manpower base and hiring experts from outside.
The company's head office is located in Mumbai. Blending and packaging
of the tea is done in Kolkata.
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