HFL was established in 1988 as a result of Dempo Group’s foray into the FMCG segment through a joint venture with Glaxo India Limited, with the objective of manufacturing nutritional food products.
In 2013, Vanity Case Group bought a controlling stake in Hindustan Foods Limited from Dempo Group of Goa and since then the company has diversified across various FMCG categories with manufacturing competencies in food and non-food, extending to Personal Care, Home Care, Food & Beverages, Leather Shoes and Accessories.
It intends to continue leveraging the India’s consumption story through organic and inorganic expansion.
Chairman, Non-Executive
Chairman, Non-Executive
Shrinivas Dempo is the third-generation entrepreneur and chairman of Goa’s leading business House, Dempo. He is a postgraduate in Industrial Administration from Carnegie Mellon University, USA.
Managing Director
Managing Director
Sameer Kothari is the promoter of the Vanity Case Group. He is a Chartered Accountant and holds an MBA from Cornell University [USA], with 21 years of work experience.
Executive Director
Executive Director
Ganesh Argekar heads the Supply Chain of the Vanity Case Group and HFL. He is a BSc [Chemistry] and has a diploma in Materials Management from IIMM, with 23 years of work experience.
Non-Executive Director
Non-Executive Director
Nikhil Vora is the founder and CEO of Sixth Sense Ventures; India’s first domestic consumer-centric venture fund. He was earlier the Managing Director and Head of Research at IDFC Securities.
Independent Director
Independent Director
Honey Vazirani is a director at Leap Digiprint. She was VP of Labels & International Business at Huhtamaki PPL Limited. She is an MBA in Marketing, with 28 years of working experience.
Independent Director
Independent Director
Neeraj Chandra was the CEO of Emami Limited Consumer Care Division, and also worked with Britannia and HUL. He is an alumnus of IIM Ahmedabad and IIT Kanpur, with 30 years of work experience.
Independent Director
Independent Director
Shashi Kalathil is the co-founder of DōMerit. He is an MBA from the IIM-B and an Engineer from Delhi College of Engineering, with 29 years of experience across consumer products, telecom and media industries.
Non-Executive Director
Non-Executive Director
Harsha Raghavan is the Managing Partner of Convergent Finance. He was the founding MD of Fairbridge Capital [a Fairfax Company]. He is an MBA and MSc in Industrial Engineering both from Stanford University.
Non-Executive Director
Non-Executive Director
Sarvjit Singh Bedi is a partner at Convergent Finance. He is an MBA from Cornell University and also a Chartered Accountant, with 16 years of experience in audit and financial diligence, consulting, investment banking, corporate mergers and acquisitions and private equity.
Independent Director
Independent Director
Sandeep Mehta is a partner at J. Sagar Associates. He is a solicitor with 25 years of expertise in foreign investments, M&A, PE, JVs, collaborations, technology transfers, inbound and outbound investments, corporate restructuring and infrastructure projects.
Group CFO
Group CFO
A Chartered Accountant with expertise in the areas of Finance, Accounts, Audit, Legal and Compliance. Been with Future Group and Ashok Piramal Group in his earlier assignments.
GM, Operations [North]
GM, Operations [North]
An Operations and Manufacturing professional with expertise in developing new set-ups and restructuring operations for the last 27 years. Previously worked with ITC Limited and Moser Baer.
GM, Operations [South]
GM, Operations [South]
A Mechanical Engineer with 37 years of experience in Operations, Projects and Strategic Planning. Been with PepsiCo, Parle Agro, Dukes and the Indian Navy in his earlier assignments.
President, Leather Business
President, Leather Business
A Footwear Specialist with 36 years in Operations, Buying, Product Development & Sales. Worked with Bata, Tata Exports & AU Thomas, and has undergone 3 years offshore assignment with Yanko/Pielsa in Spain.
GM, Operations [West]
GM, Operations [West]
A Mechanical Engineer and an MBA in Finance, with 32 years’ experience in Pharmaceuticals & API Utilities Projects, Maintenance, Automation, Statutory Compliance, EHS & Energy. Worked with Sun Pharma, Cipla & Lupin.
GM, Operations [West]
GM, Operations [West]
A Mechanical Engineer with 22 years in Factory Operations and Project Management across India. Past assignments with Emami, Greenlam & Bisleri.
GM, Projects
GM, Projects
A Chemical Engineer with 25 years in Manufacturing Operations, Maintenance, Business strategy, Project Execution, Erection, Commissioning Safety, Quality and WCM/TPM. Earlier worked with Hindustan Unilever.
AGM, Projects
AGM, Projects
A B.Tech in food technology with 27 years in Project Management, Supply Chain, R&D, QA and 3P Management across F&B domain in India and abroad. Earlier associated with HUL.
AGM, Projects
AGM, Projects
An Energy [Electrical] Engineer from IIT Kharagpur with 28 years in Plant Operation, Maintenance, Project Management, Training and Development. Worked with Ab In Bev, Mondelez, Dabur and Maruti.
GM, QA & R&D
GM, QA & R&D
A QA and Regulatory Affairs expert with 34 years in Food, Cosmetics and Pharmaceuticals in India and abroad. Worked with GSK and Reckitt Benckiser, familiar with MHRA, TGA, MCC, WHO and ISO.
GM, Business Development & Customer Service
GM, Business Development & Customer Service
A Commerce graduate with 27 years of experience in New Product and Packaging Development, Business Development in Contract Manufacturing and Private Labels.
GM, Private Labels
GM, Private Labels
A Graduate in Political Science with over 20 years in the Personal Care space. Nalini has worked in the Cosmetics industry in New York for 5 years. Nalini currently heads the private labels business across categories.
Head, Emerging Businesses & Corporate Communications
Head, Emerging Businesses & Corporate Communications
A Management graduate with 30 years in launching and managing FMCG brands in India, Middle East and North America. Worked with Shoppers Stop and Reliance Retail in India.
1988-2013
One factory, one brand
2013-2016
Vanity Case Group takes over HFL
2017
Jammu Acquisition
Puducherry Acquisition
2018
Hyderabad Acquisition
Greenfield project in Coimbatore
Mumbai Acquisition
2019
Hyderabad Expansion
Mysuru Acquisition
Fund raise
2020
CoVid-19
Disinfectant Toilet Cleaner & Surface Cleaner Plants in Silvassa
Bath Soaps & Detergent Bars in Hyderabad
Merger of Malt Beverages plants with HFL begins
Greenfield project in North India
2021
Personal Care/Home Care in Mysuru
Greenfield project in North India
Credit Rating Upgradation