Brands
Nobel Hygiene acquires Godrej’s Snuggy diapers
MUMBAI: Indian disposable hygiene manufacturer, Nobel Hygiene, has acquired Godrej consumer products’ diaper brand Snuggy.
Founded in 1987 by Shogun Diapers, the Snuggy brand is a regional jewel and has a strong market in four southern states of India.
This acquisition marks a full circle for Nobel Hygiene’s founder and managing director Kamal Johari as the inspiration to enter the disposable care’s market came from a brief stint distributing Snuggy diapers, even before the brand was sold to GCPL in the year 2003.
Johari said, “We are fortunate for the excellent timing, as we had our eye on this brand for a few years. Being a specialist, high-quality diaper manufacturer with a passion for excellence; we will do full justice to Snuggy. We hope to deliver an excellent product to the relevant target audience, many of whom still recognise the brand.”
The Indian diaper market is estimated to grow at 26 per cent CAGR. With this acquisition, Nobel Hygiene plans to leverage its manufacturing expertise and provide an enhanced product for Indian babies and Indian moms. It will greatly help the company drive growth in accordance with its aggressive aims.
The diaper business in India reported total net sales of approximately Rs 5500 crore in the year 2017, out of which approximately Rs 5000 crore is from baby diapers.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
