History of Procter and Gamble Hygiene and Healthcare Ltd.
1964
- The Comp. was Incorporated on 20th July at Mumbai. The Comp. was promoted by Richardson-Marrell Inc., New York & its wholly owned subsidiary - vicks Products Inc., India.
- 90 shares taken up by signatories to Memorandum of Association. 110 shares issued to Richardson Merrell Inc., U.S.A.
1966
- 2,74,890 shares issued to Richardson-Merrel, USA which 99,910 shares reserved for allotment to directors, employees, associates, etc. The balance 1,25,000 shares offered for public subscription.
1968
- 2,00,000 bonus shares issued in prop. 2:5.
1973
- 4,00,000 bonus shares issued in prop. 4:7.
1978
- 4,00,000 bonus shares issued in prop. 4:11.
1980
- 3,00,000 bonus shares issued in prop. 1:5.
1983
- 5,94,000 shares issued [prem. Rs 20 per shares, prop. 11:15s] as rights to resident Indian shareholders. 81,000 shares [prem. Rs 20 per shares] allotted to employees & business associates.
1984
- 12,37,500 bonus shares issued in prop. 1:2.
1985
- In September, the Company herbal plant for manufacture of herbal & other natural ingredient products at Annaram in Medak district of Andhra Pradesh was commissioned. The Mentha Research centre located at Bilaspur in U.P. carrys out research in the growing of mentha arvensis from which mint oil & menthol are produced.
- In October, Procter and Gamble Co., acquired Richardson-Vicks Inc., and consequent to this, Richardson Hindustan limited [RHLs], became an affiliate of Procter and Gamble Co. In view of this, the name of the Company was changed to Procter and Gamble India Ltd., from Richardson Hindustan Ltd., with effect from 4th April, 1988.
- The Comp. proposed to change its name to 'Procter and Gamble Hygiene and Health Care limited to better reflect the nature & character of the business & in keeping with company objective of focussing on its core categories viz. Feminine Hygiene & Health Care.
- Richardson-Merrell Inc., Wilton, U.S.A., the holding company, holds 14,85,000 No. of equity shares out of 37,12,500 No. of equity shares issued by Company.
1988
- 29,70,000 bonus shares issued in prop. 4:5.
1990
- The Comp. set up a plant at Mandideep, the M.P., to manufacture high technology detregents. The first phase of plant commenced commerical production in April 1991, & the new detergent 'Ariel Microsystem' was test marketed in Vishakpatnam. After the success therein, it was introduced to Andhra Pradesh & Tamil Nadu.
1991
- New initiatives were introduced to strengthen the skin & hair care business namely `Ultra Clearsail', `Olay Sensitive' & `Mediker Upgrade'.
- During July-August, the Comp. offered 4,00,960 - 12.5% partly convertible debentures of Rs 200 each on rights basis to equity shareholders [other than shareholders of Richardson-Vicks Inc., U.S.A. RVIs] in the proportion 1 deb.: 10 equity shares held. [all were taken ups].
- Another 20,000 - 12.5% debenture were issued to employees on an equitable basis [only 17,480 debentures taken ups]. Unsubscribed portion of 2,520 debentures was allowed to lapse.
- Rs 65 of face value of each debentures was to be automatically and compulsorily converted into 1 equity share of Rs 10 each at a premium of Rs 55 per share on the expiry of 18 months from the date of allotment of debentures.
1992
- During the year new initiatives namely Ariel Green, Whisper Exra Long and Whisper Extra Large were introduced.
- The balance of Rs. 135 of face value of each debenture was to be redeemed at par on 3 equal annual instalments on the expiry of 6th, 7th and 8th years from the date of allotment of debentures. Conversion of Part A of 65 of debentures was preponed from 4th March, 1993 to 31st July, 1992. Accordingly, the Comp. allotted 4,18,440 equity shares of Rs 10 each at a premium of Rs 55 per share on 1st August.
- The Comp. also offered 16,03,800 -14% non-convertible debentures [NCDs] of Rs 100 each in the proportion 8 debs.: 20 equity shares held [all were taken ups].
- Another 80,200 - 14% NCD were issued to the employees on an equitable basis [only 79,2000 debentures taken ups]. Unsubscribed portion of 100 debentures was allowed to lapse. Each block of 8 non-convertible debentures was to contain 1 warrant, entitling the holder to apply for 3 equity shares of Rs. 10 each at a premium as may be then approved by CCI within 4th & 5th year from the date of allotment. Accordingly 6,21,508 shares were allotted at a premium of Rs 55 per share. These debentures were to be redeemed at par on the expiry of 6th, 7th & 8th years from the date of allotment of debentures.
- During July, the Comp. issued 15,00,153 equity shares of Rs 10 each at a premium of Rs 215 per share to RVI in order to raise their equity holding from 40% to 51%.
- Another 2,78,960 equity shares of Rs 10 each at a premium of Rs 55 per share & 1,56,559 equity shares of Rs 10 each at a premium of Rs 215 per share were allotted on 1st August, to enable RVI to continue to hold 51% of equity capital on Acc. of conversion of Part A of partly convertible debentures.
1993
- High Quality `Whisper' with `Wings' was introduced. During the year the Comp. purchased `Old Spice Men Toiletries & also divested the Laundry & Detergent business but retained detergent manufacturing facility at Mandideep & supplied the detergent to Proctor and Gamble Home Products Ltd.
- The Comp. issued 36,14,645 equity shares of Rs 10 each at a premium of Rs 110 per share to RVI in order to raise their equity holding from 51% to 65%.
- During May 4,02,890 equity shares of Rs 10 each at a premium of Rs 55 per share & 7,51,339 equity shares of Rs 10 each at a premium of Rs 110 per share were allotted to enable RVI to continue to hold 65% of the equity capital on Acc. of conversion of equity Warrants.
1995
- The Comp. introduced a premium line of drops under the name Vicks Vitamin `C'. With a view to improving employees' productivity the company installed electronic voice mail connecting all employees across India. The Comp. launched Whisper Extra Dry, a superior performing sanitary protection product.
- The Comp. undertook to set up a state-of-the-art technology health care plant at Goa.
1996
- The Comp. has recently introduced into test market VICKS VAPORUB Super Balm.
1997
- 72,13,497 equity shares allotted as bonus shares in prop. 1:2.
- Procter and Gamble Home Products has expanded the line of its Pantene shampoos in India by launching a new variant, Pantene Pro V Extra Treatment shampoo.
- Procter and Gamble Godrej has been renamed Procter and Gamble Distribution Comp. with effect from December 16, 1996. The re-christening is a prelude to the wind-up or a merger of company with either of two P&G companies in India, P&G India or P&G Home Products.
- Procter and Gamble has finally launched Head and Shoulders, the world's leading anti-dandruff shampoo brand in the country.
- Procter & Gamble India Ltd has announced a bonus share issue in the ratio of one equity share for every two equity shares held.
- The board of Proctor and Gamble India [P&Gs] has declared a one-for-two issue of bonus shares & 75 per cent dividend for year ended June 30.
1998
- Procter and Gamble India has introduced a Stock Appreciation Rights [SARs] plan for all its full-time employees in India, in an innovative variation of stock option scheme.
- Procter and Gamble India limited has changed its name to Procter and Gamble Hygiene & Health Care limited This was approved by shareholders at the company annual meeting.
- Procter and Gamble [P&Gs] has launched a free career counselling service - P&G Future Focus - with Resource Management Group [RMGs].
- Procter and Gamble India Ltd [P&Gs] has undertaken an exercise of streamlining its existing distribution & supply chain with a view to making it more consumer oriented, thus making the products available to the consumer faster & fresher.
1999
- Procter and Gamble Home Products, the wholly-owned subsidiary of the Cincinnati-based multinational, is test launching `Pringles', the internationally renowned potato chip brand in the Capital.
- Procter and Gamble Inc [P&Gs], the US-based home products giant, has launched its most popular detergent brand, 'Gain', in the local market.
- Procter and Gamble launched its first ever sight restoration corporate project called 'Project Drishti' in collaboration with the National Association for Blind.
- The fast-moving consumer good major, Procter and Gamble is likely to route new brand launches in India through its fully-owned subsidiary, P&G Home Products, instead of its other subsidiary listed on the country bourses.
2000
- The Comp. has launched a new brand, Tampax, Indian Sanitary napkin market.
- The Comp. has relaunched its Vicks cough drop in a new 2.5 gm blue back.
- The Comp. has launched Tide detergent in India.
- The Comp. has launched `Project Poshan', a social marketing initiative in association with UNICEF in the Indian markets.
- Procter and Gamble Co. & setting the Comp. on a blistering pace of change, Durk i Jagar abruptly quit.
- The Comp. was awarded Chennai-based SembCrop Logistics the prestigious Pinnacle Award for achieving internationally benchmarked standards in Good Manufacturing Practices.
- The Company, the maker of Tide laundry detergent & Bounty paper towels, launched an over-the-counter tooth whitening product under its Crest brand that uses the same whitening ingredient used by dentists.
- The Comp. launched Pantene Lively Clean, the latest in the Pantene Pro-V range of shampoos in India.
- The Comp. launched New Ariel Power Compact detergent with a new global technology.
- Procter and Gamble Home Products Limited, the fully-owned subsidiary of Cincinnati-based Procter and Gamble Co, is creating a new segment in the fabric cleaning market in India with the launch of its international brand Febreze, fabric odour cleaner at Chennai.
- Helmut Meixner, chief executive officer of Procter and Gamble in India, has retired effective 5th July, Gary Cofer, Director has been appointed P&G country manager in India with immediate effect.
- The Comp. has relaunched Vicks Action 500+ in an attractive True Blue pack.
- The Comp. has entered into the second phase of planned restructuring, cashing in on a more efficient supply chain management system, launching extension of existing flagship brands & launching bigger brands from the global portfolio.
- The Comp. has launched Vicks Plus medicated lozenges in India.
- Gary W. Cofer, country manager, Procter & Gamble, India has been appointed managing director of Procter & Gamble Hygiene and Healthcare limited with effect from 1st September.
- Procter and Gamble Hygience and Healthcare has tied up with `Doctoranywhere.com', an online consulting service that enables consultation, referral & interaction of doctors with specialist consultants.
- Procter and Gamble Co., launched BeingGirl.com.
- The Comp. has tied up with Doctoranywhere.com, an online service that enables consultation referral & interaction of doctors with specialists.
- The Comp. has introduced 'Doorstep Challenge' advertising for its detergent brand, Tide.
- The Comp. has launched a website -- www.spraytugsmooth.com exclusively for its newly-launched fabric spray, Downy Wrinkleleaser, in an attempt to explain the benefits of product. - Procter and Gamble haircare brand Pantene will present Hair Asia Pacific 2000, the international cotest for hairstyles & beauty experts in collaobration with the Sri Lankan Association of Haridressers & Beauticians.
- The Comp. has re-launched Viks Action 5000 in an attractive true Blue international pack.
- The Comp. announced the launch of 'Best-Ever Head and shoulders anti-Dandruff Shampoo' [H&Ss] in the Rs.500 crore hair care market.
2001
- Head and Shoulders, a brand of Shampoo from the Proctor & Gamble stable, has launched its new commercial with three ke anti-dandruff claims -- eliminates dandruff flakes forever with regular use, removes 100 per cent visible flakes & has an effect from the first wash itself.
- Procter and Gamble Hygiene & Health Care has launched the new Whisper Ultra Day-Night pack for first time in India, in Tamil Nadu.
- Procter and Gamble Home Products has launched its Tide detergent in sachets, primarily to induce trials.
- The Comp. has launched an outdoor advertising campaign for Vicks Plus medicated lozenges.
- Procter and Gamble Home Products [P&Gs] has finally unveiled the mystery of the five bald women in a `We want a change' campaign with the relaunch of Pantene Pro-V range of shampoos in India.
2002
- Procter and Hygiene & Health Care Ltd has informed that Mr Gary Cofer will cease to be the Managing Director of Comp. wef April 01, 2002. Mr Shantanu Khosla will be appointed as the Managing Director.
2002
- Anil Gupta appointed as Additional Director of Procter and Gamble.
-Shantanu Khosla appointed as M D of Procter and Gamble w e f June 01, 2002.
2003
-Procter and Gamble Hygiene and Health Care Ltd has informed BSE that the Board of Directors considered & approved the following changes in the constitution of Board of Directors with effect from January 31, 2003: resignation of Mr Peter Smit as the Director & appointment of Ms. Nayantara Bali as Director to fill in the casual vacancy caused by resignation of Mr Peter Smit.
-P and G has sought the approval of Foreign Investment Promotion Board to revamp the capital of its foreign subsidiary.
-P&G & Jaya TV have announced a launch of 'Shiksha, Secure your child future' a special promotion to help educate children in India.
-P&G has informed BSE that it has discontinued the text-marketing of Vicks Action 500 Night.
-P&G & HLL has lodged a complaint with the Advertising Standards Council of India over HLL new Clinic All Clear Anti-dandruff shampoo.
-Procter and Gamble India has slashed the prices of its satchet washing powder 'Tide & Ariel'.
-Procter and Gamble Hygiene & Healthcare ltd has launched new VICKS Formula 44 cough syrup, which provides safe, effective & long lasting relief of up to eight hours.
-P&G has more than doubled its productivity per employee in four years & there have been savings in the backroom office of upto 90 minutes.
-P&G has set up two e-research & development networks, which would act as 'problem solving exchanges'.
-Procter and Gamble announced 1:2 bonus issue the Comp. would issue 1.08 million new shares of Rs 10 each.
-Unveiled Ariel sachet priced at Rs 2 & Tide sachet at Re 1 in Andhra Pradesh for first time.
2004
-P&G unveils Rejoice Shampoo on Jan 19
-Rejoice shampoo unveiled at Kochi
- Procter and Gamble Hygiene and Healthcare launches 'Whisper Choice' in Tamil Nadu, Andhra Pradesh, Kerala & Karnataka priced at Rs 26 for a pack of 10 pads as a test market launch.
-Procter and Gamble of US announced a strategic tie-up with the Council of Scientific & Industrial Research [CSIRs] to support acceleration of its `Connect & Develop' strategy launched in India in September last year
-unveils Pantene Shampoos with Amino Pro-V
2005
-P&G introduces new aloe vera version of Head and Shoulders
