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Tag: Himanshu

  • ITC to acquire Mother Sparsh, expands natural baby care portfolio

    ITC to acquire Mother Sparsh, expands natural baby care portfolio

    MUMBAI: ITC Ltd. has announced definitive agreements to acquire the remaining 73.5 per cent stake in Mother Sparsh Baby Care Private Ltd. an Ayurvedic and natural baby care brand for Rs 81 crore, through a mix of primary subscription and secondary share purchase. This will bring ITC’s total investment in Mother Sparsh to approximately Rs 126 crore.

    Mother Sparsh, which has been an associate company of ITC since 2021, has built a strong reputation among Indian mothers for its Ayurvedic, natural products spanning baby personal care, health and hygiene, and specialised baby care solutions. The brand’s digital-first model and robust presence across its D2C platform and e-commerce channels have helped it achieve an impressive annual revenue run rate of over Rs 110 crore.

    The acquisition aligns with ITC’s ‘ITC Next’ vision, spearheaded by chairman Sanjiv Puri, which is focused on creating a future-ready portfolio by tapping into high-growth, digital-first segments.

    ITC Ltd. divisional chief executive, personal care products business division Sameer Satpathy said, “This acquisition is an exciting opportunity, aligned with our aspiration to build a formidable portfolio of future ready, best-in-class innovative offerings that delights Indian consumers. Mother Sparsh in a true spirit of entrepreneurship, has created a reputed brand with Indian ethos in the natural baby care space, powered by an assortment of innovative products and a robust digital ecosystem.”

    Mother Sparsh founder & CEO Himanshu added, “We are delighted that ITC, who came on board as an early investor, is now taking Mother Sparsh to the next level. This partnership is a testament to the brand’s potential in the fast-growing natural baby care segment. We’re confident that ITC’s institutional strengths will help serve the evolving needs of Indian mothers for generations to come.”

    The acquisition process will be completed over the next two-three years, with the Mother Sparsh team including founder & CEO Himanshu continuing to head operations during this transition phase.

  • ‘Beats of Marapani’ pays tribute to India’s furniture artists

    ‘Beats of Marapani’ pays tribute to India’s furniture artists

    Mumbai: With Beats of Marapani, InnoDesigns pays homage to India’s furniture artists with a groovy music track that seamlessly blends carpentry sounds with Onam melodies.

    A passion for home furnishings and technology inspired InnoDesigns, and it translates creative ideas into unconventional designs. Every piece that propels them forward in their design journey is created in collaboration with Indian furniture artisans.

    InnoDesigns COO and strategy head Neetii said, “As a brand we believe furniture manufacturers are the lifeline of India’s furniture industry, and as a brand it’s an honour for us to celebrate their craftsmanship and contribution.”

    InnoDesigns marketing and sales head Himanshu said on the track, “It was time to  bring back the focus on our local furniture manufacturers. And what better occasion than Onam to start this conversation in Kerala. This tribute is also about prepping up the consumer in Kochi and Calicut for Onam as we bring in some unbelievable offers for them.”

    LeapX’s Henry Moirang said on this, “For us the brief was clear. Bring alive the brand’s belief that the furniture manufacturer is the protagonist here. So we weaved his craftsmanship and the festival of Onam to make a call-to-action that people of Kerala find relevant and worth advancing. Thanks to Himanshu and his team for making us a part of this journey.”