Tata Consumer Products merges subsidiaries to streamline operations
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NEW DELHI: Tata Consumer Products Ltd (TCPL) successfully merged its three wholly-owned subsidiaries, Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd, after receiving approval from the National Company Law Tribunal (NCLT) and other regulatory clearances.
“We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed.Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024,”
This merger aligns with TCPL’s strategy to simplify and streamline its business operations. The consolidation of the legal entity structure is expected to unlock efficiencies and synergies within the organization.
The company also clarified that the operating structure for these business units will remain unchanged, and they will continue to focus on their respective product portfolios, which include millet-based products, ready-to-drink products, and ready-to-cook/ready-to-eat products. These product categories are considered growth areas for Tata Consumer Products.
TCPL boasts a diverse product portfolio that includes tea, coffee, water, RTD beverages, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks, and mini meals. The company, which has a consolidated turnover of Rs 15,206 crore, owns several key beverage brands such as Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+.
“We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed.Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024,”
This merger aligns with TCPL’s strategy to simplify and streamline its business operations. The consolidation of the legal entity structure is expected to unlock efficiencies and synergies within the organization.
The company also clarified that the operating structure for these business units will remain unchanged, and they will continue to focus on their respective product portfolios, which include millet-based products, ready-to-drink products, and ready-to-cook/ready-to-eat products. These product categories are considered growth areas for Tata Consumer Products.
TCPL boasts a diverse product portfolio that includes tea, coffee, water, RTD beverages, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks, and mini meals. The company, which has a consolidated turnover of Rs 15,206 crore, owns several key beverage brands such as Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+.
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