Japanese fragrance firm plans major expansion in India
Japan-based Takasago International India, one of the leading flavour and fragrances companies globally, has major expansion plans in India to support its strong growth in the country through new market opportunities, says Shaheel TTP, Managing Director, India and South Asia.
Listed on the Tokyo Stock Exchange, Takasago began its Indian journey in 2014 and has set up its own facility in Chennai for research and development (creation), marketing and manufacturing of flavours and fragrances products.
FRAGRANCE CENTRE
The Japanese firm’s flavour and fragrances plant in India has a capacity to produce 20,000 tonnes annually and it plans to bring Japanese technology to provide unique and dierential experience to Indian
consumers, Shaheel said.
Takasago’s business in India is worth about ₹150 crore and the growth in 2023 was 30 per cent, he said. The company will continue to invest in India in terms of R&D facilities, people resources and technology transfers. “We feel greatly happy with our robust progress in India so far and we also have a strong and highly positive outlook for India for the future. Since its inception in India in 2014, Takasago International India business growth has increased 10X in India and the CAGR has been more than 40 per cent,” said Shaheel in an email interaction.
Earlier this month, Takasago set up its International India Fragrance Centre in Mumbai, comprising fragrance research, creation and development and sensory evaluation of the fragrance products in an R&D set-up by trained professionals, he said.
The new Mumbai centre will cater to the fragrance preferences of Indian beauty consumers. The company will collaborate closely with local fragrance experts, perfumers and consumers to gain insights into the scents that evoke positive emotions and cultural significance within the Indian context, Shaheel said.
The company plans to explore the use of sustainable or ethically sourced ingredients in fragrance creation at the Mumbai centre, for specifically targeting the Indian market
The Japanese firm has joined hands with FMCG companies in India to provide unique fragrance and flavour for their brands. The company aims higher to make India its global growth engine and plans to create fragrances for India in India, the India and South Asia Managing Director said.
Paul Ireland, President of Takasago’s global fragrance division, said the company has emerged as the number one in Asia, is directly represented in about 30 countries, with creation centres in about 15 countries and production sites in another 30, he said.
Since its inception in India in 2014, Takasago International India’s business growth has increased 10X and the CAGR has been more than 40 per cent
SHAHEEL TTP
MD (India and South Asia), Takasago International India