Bigger, Better, Brighter

How Jyothy Laboratories sparked growth in brands bought from German consumer giant Henkel

Soumik Kar

When Jyothy’s then deputy managing director, Ullas Kamath, proposed to buy over Henkel India’s operations in 2010, there was stunned silence in the boardroom. Only two years earlier, Dusseldorf-based Henkel had made an offer to buy Jyothy Laboratories. This time, Kamath not only dared to make an offer, but also asked the German board to take a break from India for five years and then acquire a 26% stake in the merged entity.