New Delhi: Tata Consumer Products (TCPL), a leading FMCG company, has successfully completed the merger of its three wholly-owned subsidiaries in India. This strategic move is aimed at simplifying the business structure and unlocking synergies.
The merged subsidiaries include Tata Consumer Soulfull, NourishCo Beverages, and Tata SmartFoodz. These businesses will now operate under the umbrella of TCPL, allowing for greater operational efficiency and resource allocation.
“This consolidation is a significant step towards streamlining our operations and enhancing our ability to deliver value to our consumers,” said a spokesperson from Tata Consumer Products.
The merger has been approved by the National Company Law Tribunal (NCLT) and other relevant regulatory authorities. The effective date of the scheme is September 1, 2024.
ALSO READ: Meta’s Llama AI Breaks 350 Million Downloads
While the legal entity structure has been consolidated, the operating structure for the merged business units will remain unchanged. They will continue to focus on their respective product portfolios, which include millet-based products, ready-to-drink beverages, and ready-to-cook/ready-to-eat meals.
These product categories are key growth areas for Tata Consumer Products, and the merger is expected to strengthen the company’s position in these markets.
Tata Consumer Products has a diverse portfolio of products, including tea, coffee, water, RTD beverages, salt, pulses, spices, ready-to-cook/ready-to-eat offerings, breakfast cereals, snacks, and mini meals. Some of the company’s well-known brands include Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+.
With the completion of this merger, Tata Consumer Products is well-positioned for continued growth and success in the Indian FMCG market.
