Godrej moves up in Forbes’ Most Innovative company list
Godrej Consumer Products Limited yet again trail-blazed its way into the Forbes’ list of ‘ The World’s 100 Most Innovative Growth Companies 2015’ as the ‘Most innovative FMCG Company’, significantly i mproving its position over the previous year.
Moving up to the 24th place in t he coveted Forbes’ list this year, Godrej reinstated its credentials as the largest Indian-owned multinational in the world. The Forbes list of ‘The World’s 100 Most Innovative Growth Companies 2015’ is a definitive ranking that is akin to a stamp of global excellence and one which acknowledges its achievements in the global market.
Godrej is the largest homegrown home and personal care company in India with revenues of US $ 4.1 billion. Its product range encompasses hair colour, household insecticides, liquid detergents and soaps, with reputed brands such as Good Knight, Cinthol, Godrej Expert and Godrej No. 1.
Commenting on this accolade, Godrej Country Manager Sri Lanka and Pakistan Anurag Jain said, “We are honoured to be ranked in the distinguished Forbes list as the ‘Most Innovative FMCG Company’ for the second consecutive year. At Godrej, we are delighted to note that our ranking has i mproved substantially within one year, which is a result of our constant pursuit of excellence along the value chain.
Our company aspires to be a total solutions provider in the FMCG arena and our time-tested brands and ethical operations have earned us a place not only in the region but also the world. As a company with a deep tradition of sustainable operations and a strong community spirit, our brands are enhancing consumers’ lives in numerous ways.
Our rapidly expanding presence in 60 countries around the globe is a testimony of how Godrej and its brands are gaining global acceptance. We are driven by a dynamic vision of sustainability and innovation, backed strongly by a wealth of knowledge and experimentation in research and development (R&D) and design. Godrej is privileged to be present in the Sri Lankan market and is excited by the i mmense avenues for growth in the island’s FMCG space. We envisage the company adding infinite value to people’s lives in the country.”
The significant aspect of this roll call of honour is that Godrej is the highest ranked Indian multinational to be listed in the Forbes list, which reflects t he rich and longstanding credibility of the company t hat has been nurturing millions of lives over a century. Forbes has listed Godrej’s innovation premium for 2015 at 64.6 percent. Strongly rooted in the community, Godrej products add value t o people’s lives by ushering in convenience, comfort and a sense of confidence.
One of India’s most trusted brands, Godrej enjoys the patronage of over 600 million Indians across its consumer goods, real estate, appliances, agri and many other businesses.
The company is building its presence in emerging markets of Asia, Africa and Latin America across categories of home care, personal wash and hair care. Godrej is also strongly entrenched in the hair and personal care segment in the UK. The FMCG global giant operates in the Middle East and has a strong presence across SAARC countries.
Forbes’ The Wo rl d ’s 100 Most Innovative G row th Companies 2015 list ranks companies by their innovation premium: the difference be tween their market capitalisation and a net present value of cash flows from existing businesses. In order to be included, firms need seven years of public financial data and US $ 10 billion in market cap. It includes only industries that are known to invest in innovation.