How Harsh Mariwala turned Parachute into the foundation of Marico's FMCG empire — a story resurfacing from 1974
A Financial Express profile resurfaces how Harsh Mariwala modernised family-run Bombay Oil Industries starting in 1974 with sealed, affordable Parachute coconut-oil packs, creating Marico—a Rs 13,611 crore FMCG company now present in 25 countries.
Profile of Harsh Mariwala’s creation of Parachute’s affordable sealed coconut-oil packs and the evolution of the family’s Bombay Oil Industries into Marico, now a Rs 13,611-crore FMCG company with market capitalisation above Rs 1 lakh crore.
Why this matters
The origin story adds historical context to Marico’s recent PHD India media mandate, Q1 FY26 revenue and profit growth, and plans to accelerate M&A as digital-first brands scale.
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