 | |
| Company type | Public |
|---|---|
| NSE: ZYDUSWELL BSE: 531335 | |
| Industry | Fast-moving consumer goods |
| Founded | 1994[1] |
| Headquarters |
,
India
|
Key people | Sharvil Patel (Chairman) Tarun Arora (CEO)[3] |
| Revenue |  ₹2,255 crore (US$270 million) (FY23)[4] |
| ₹310 crore (US$37 million) (FY23)[4] | |
| Owner | Zydus Lifesciences (57.59%)[5] |
| Website | www |
Zydus Wellness (previously Carnation Nutra-Analogue Foods) is an Indian consumer goods company headquartered in Ahmedabad, which produces nutrition and skincare products. It is a subsidiary of the pharmaceutical company Zydus Lifesciences (formerly known as Cadila Healthcare). Its brands include Glucon-D, Sugar Free, EverYuth,[6] Complan, and Nycil.[7][8] The company operates three manufacturing plants, one in Gujarat and 2 in Sikkim.[9]
Carnation Nutra-Analogue Foods was founded in 1994 as a producer of dairy substitutes. Over the next decade, its margarine product Nutralite became the largest selling margarine brand in India.[10]
In 2006, Cadila Healthcare acquired a 14.96% stake in the company.[10] Cadila's stake in the company increased to over 70% in 2008, after the merger of Cadila's consumer goods business, which included sugar substitute brand Sugar Free and EverYuth range of skincare products, into Carnation.[11] The merged entity was then named as Zydus Wellness Limited in January 2009.[12][13]
In 2009, the company began manufacturing men's grooming and skincare products.[12][14] In 2011, Zydus Wellness launched its milk additive brand Actilife.[15]
In 2017, Zydus Wellness developed stevia products as part of its sugar substitute business.[16] In 2018, it launched its second sugar substitute brand called Sugarlite.[17][18]
In January 2019, Zydus Wellness acquired a part of Heinz India's business for ₹4,595 crore (US$652.51 million), which included the health drink brand Complan, glucose-based energy drink additive Glucon D, talcum powder brand Nycil, and Sampriti Ghee. It also took over Heinz India's manufacturing facilities in Aligarh and Sitarganj.[19][20][21]
In 2020, Zydus Wellness began making hand sanitisers[22] and chocolate products.[23][24]
