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Mariwala and his four sons founded Bombay Oil
Industries Limited (BOIL) in 1947. The company aimed to leverage the family's strength in the commodities trade and combine it with manufactured goods. BOIL established four manufacturing units between 1947 and 1971, three of them in Mumbai. These units
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exercise splitting the company's businesses into four distinct companies controlled by each of the
Mariwala children. The process was intended to avoid any conflict within the family, and also to help BOIL specialize in each business. The consumer products division became
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brands. The company leased the brand rights to Marico in exchange for regular royalty payments. On 14 June 2000, Marico purchased the brand rights for the
Parachute and Saffola brands from BOIL for
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173:. Epro Biotechnologies was established to manufacture hybrid seeds. BOIL's spice extracts division was spun off into a firm called Kancor Flavours and Extracts Ltd, in which US-based
126:, and other agricultural commodities. Vasanji had four sons, all of whom joined the family business. The family's expertise in the pepper trade earned them the name "Mariwala" (
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acquired a majority stake in Kancor in
December 2014. Hindustan Polyamides and Fibres Ltd was rebranded as Eternis Fine Chemicals Limited in March 2015.
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110:. Morarji recruited his nephew, Vallabhdas Vasanji to join the business in the early 20th century. Morarji and Vasanji began exporting
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181:-based Hindustan Polyamides and Fibres Ltd and transferred control of the chemical division to the newly acquired firm.
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based in Mumbai, Maharashtra. Its subsidiaries have interests in consumer goods, agriculture, and chemicals.
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Kancor
Flavours and Extracts Ltd was renamed Kancor Ingredients Ltd. in 2006. France-based
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In 1980-81, BOIL split its business into three distinct divisions - consumer products,
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301:"Bombay Oil Industries Limited: Sound logic behind revamp of family business"
134:), and Vallabhdas Vasanji subsequently adopted the name Vallabhdas Mariwala.
432:"HPFL change their name to Eternis Fine Chemicals Limited - Stort Chemicals"
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Bombay Oil traces its origins back to 1862, when Kanji
Morarji moved from
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326:"Marico Industries pays Rs 30 cr to Bombay Oil for Saffola, Parachute"
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356:"Kancor Ingredients Ltd.: Private Company Information - Bloomberg"
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to Europe, and over time, expanded their product line to include
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to extract coconut oil from copra, a vegetable oil refinery in
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Budhiraja, S. B.; Budhiraja, M. B. Athreya (1 October 2002).
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124 crore or US$ 15 million in 2023).
407:"Mane acquires majority stake in Kancor Ingredients"
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271:(Second ed.). Tata McGraw-Hill Education.
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268:Business Policy and Strategic Management,2e
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184:BOIL retained ownership of its popular
502:Holding companies established in 1947
381:"MANE takes majority stake in KANCOR"
177:held a 40% stake. BOIL also acquired
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102:) and established a business trading
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492:Indian companies established in 1947
299:Das Gupta, Surajeet (31 July 1990).
80:Bombay Oil Industries Limited (BOIL)
73:Ranjith Sasikumar & Jithin James
161:and chemicals, and spice extracts.
164:In 1990, BOIL underwent a massive
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265:Kozami, Azhar (1 January 2002).
438:. 13 March 2015. Archived from
237:. Tata McGraw-Hill Education.
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19:Bombay Oil Industries Limited
234:Cases In Strategic Mgmt H/C
42:; 77 years ago
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462:"Rajen Mariwala Interview"
497:Companies based in Mumbai
175:McCormick & Company
146:, a chemical plant in
106:and other goods from
138:included a plant in
60:Mumbai, Maharashtra
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387:. 12 December 2014
411:foodnavigator.com
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28:Holding company
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171:Marico Limited
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469:. Retrieved
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56:Headquarters
24:Company type
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305:India Today
159:fatty acids
124:coconut oil
486:Categories
214:References
154:, Kerala.
360:Bloomberg
186:Parachute
197:30 crore
144:Mazagaon
132:Gujarati
310:11 June
208:Mane SA
190:Saffola
148:Bhandup
90:History
45: (
34:Founded
471:17 May
446:17 May
416:17 May
391:17 May
365:17 May
340:17 May
284:17 May
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250:17 May
241:
116:ginger
112:pepper
108:Kerala
104:spices
100:Mumbai
70:Owners
38:Bombay
152:Kochi
140:Sewri
120:copra
96:Kutch
64:India
473:2018
448:2018
418:2018
393:2018
367:2018
342:2018
312:2022
286:2018
273:ISBN
252:2018
239:ISBN
188:and
179:Pune
128:mari
114:and
47:1947
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221:^
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201:₹
195:₹
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