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Emami moves to acquire majority stake in Axiom Ayurveda in phased deal
First tranche lifts stake to subsidiary status, full buyout set by June
MUMBAI: Emami Limited has taken a decisive step to strengthen its play in the ayurveda segment, entering into a share purchase agreement to acquire a majority stake in Axiom Ayurveda Private Limited.
The company, which already held about 26.5 per cent in Axiom Ayurveda, is now set to raise its stake to around 73.5 per cent through the transaction. In the first tranche completed on 1 April, Emami acquired roughly 36.7 per cent equity, taking its total holding past the majority mark and turning Axiom Ayurveda into its subsidiary.
The remaining stake, comprising an equal portion, is expected to be acquired by June 2026, in line with the terms agreed under the share purchase agreement.
While financial details of the transaction were not reiterated in the latest filing, the move signals Emami’s intent to deepen its presence in the fast-growing ayurvedic and natural products space, where consumer demand continues to rise.
In a regulatory communication, Emami Limited company secretary and compliance officer Ravi Varma confirmed the completion of the first tranche and outlined the timeline for the remaining acquisition.
With Axiom Ayurveda now under its wing, Emami appears to be doubling down on traditional wellness with a modern twist, positioning itself to tap into both domestic demand and evolving global interest in ayurvedic products.
Brands
Accor names Amit Malik VP people and culture for South Asia
Hospitality major taps HR veteran to drive talent and culture agenda
MUMBAI: Accor has appointed Amit Malik as vice president for people and culture in South Asia, strengthening its leadership bench as it scales operations across the region.
Malik will be part of the South Asia leadership team, overseeing the people, talent and culture agenda across India and neighbouring markets. His mandate includes building organisational capabilities, strengthening leadership pipelines and enhancing employee experience across Accor’s growing portfolio.
With more than two decades of experience, Malik brings a blend of human resources expertise and business leadership. His career spans multiple sectors and geographies, equipping him to support Accor’s evolving workforce needs in a dynamic hospitality market.
“We are pleased to welcome Amit to Accor,” said Accor chief executive officer, South Asia Ranju Alex. “His understanding of people strategy and strong business orientation will be instrumental in building a high-performance, purpose-led culture.”
Before joining Accor, Malik served as president for Japan, Asia Pacific and Australia at WadzPay. He also spent several years at Aviva Life Insurance India, where he held senior roles including chief people officer and later chief executive and managing director.
His earlier stints include leadership roles at Bank of America, Royal Bank of Scotland, American Express and GSK Consumer Healthcare, giving him a wide lens on organisational transformation and governance.
Accor’s latest leadership move reflects its focus on building a future-ready workforce as competition intensifies in the hospitality sector. With Malik at the helm of its people strategy, the company is betting on culture as a key driver of growth.
