Marico Innovation Foundation (MIF) is a socio economic initiative founded by Harsh Mariwala. It is a not- for- profit organization in India executing the Corporate Social Responsibility for the parent company Marico Limited. The organization aims to nurture innovation across the business and social sectors alike.
IMPACT. INSPIRE. INVOLVE
These words truly encapsulate the very ethos that makes MIF what it is.
Impact- Induce sustainable impact and enable sustained growth as the outcome of deep rooted interventions across domains.
Inspire- Showcase innovations in order to propel their impact and awaken a new generation of innovators who can make a seismic shift in contribution to their industry.
Involve- Create a hub of free flowing ideas on innovation for India to engage with through MIF platforms, both online and offline.
Our (MIF) vision encompasses the innovation ecosystem in India.
MIF believes that Innovation can spur creation and sustenance of successful and enduring Indian brands.
That will enable India to reposition itself as a global economic superpower. "
The Governing Council is the pool of eminent industry experts coming together as an advisory body. The Council guides MIF towards finding innovative ways to achieve direct impact in business and social space.
R A Mashelkar
K V Mariwala
BOARD OF DIRECTORS
The MIF Board of Directors comprises of three Directors nominated by Marico Limited, the holding company of MIF.
Founder, Marico Innovation Foundation and Chairman, Marico Limited
Over the past three decades, Mr. Mariwala has transformed a traditional commodities driven business into a leading consumer products and services company in the Beauty and Wellness space. Mr. Mariwala's entrepreneurial drive and passion for innovation, enthused him to establish the Marico Innovation Foundation in 2003. The Foundation acts as a catalyst to nurture innovation in India. Mr Mariwala started ASCENT in 2012, a not-for-profit expression of his passion to create a unique trust based peer-to- peer platform for high potential growth-stage entrepreneurs. Mr. Mariwala leads Marico Limited as its Chairman. He is also Chairman & Managing Director of Kaya Limited. Mr. Mariwala was the President of Federation of Indian Chambers of Commerce and Industry (FICCI) in 2011.
Rishabh, a second generation family business entrepreneur is a graduate from Zarb School of Business, Hofstra University, New York, USA. He is an avid learner and has undergone different executive courses from various universities. His engagement at Kaya Skin Care (chain of Dermatology Clinics across India) from 2008 – 2011 gave him an opportunity to gain holistic organizational experience. In 2010, he launched a new business line "Soap Opera” catering to the masstige and luxury consumer segment. His passion for innovative product formulations and the deep consumer insight was instrumental in introducing the luxury range of skincare products called “PureSense" in 2016. Rishabh founded Sharrp Ventures - the Mariwala Family Office, and presently heads the same. Sharrp Ventures is engaged in public markets, private equity and start-ups. This experience has provided him great insight into India's vibrant start-up space and immense learning about global best practices. Having undertaken various responsibilities, Rishabh has acquired overall entrepreneurial hands-on experience across all aspects of the business.
Managing Director & CEO, Marico Limited
Saugata joined Marico Limited in January 2004 as head of Marketing. In the year 2007 he was elevated to become the CEO of the Company's India business. In April 2013, Marico restructured its Consumer Product Business (CPB) in India and International Business Group (IBG) under Saugata's leadership as the CEO of Marico Limited, the unified FMCG business. In March 2014, Saugata was appointed as the Managing Director of the Company. Prior to joining Marico, Saugata was Chief of Marketing and Group Sales at ICICI Prudential and was part of the start-up team that was instrumental in establishing ICICI Prudential as the largest private sector Insurance in the country. Saugata started his career with Cadbury's where he spent 9 years in various roles in Sales and Marketing in India and the United Kingdom. His last role was Marketing Manager – Chocolates. Saugata has 20 years of experience primarily in FMCG sector. He has an engineering degree from IIT Kharagpur and is an alumnus of IIM Bangalore.