Tata Consumer Products Merges Three Subsidiaries To Simplify Operations

The FMCG player issued a statement and said that it has merged Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd with the firm

The merger has become effective from September 1, 2024. (Image Source: Tata Consumer Products)

Source : Tata Consumer Products

Tata Consumer Products Ltd (TCPL) merged three of its wholly-owned subsidiaries in the parent company after receiving approval from the National Company Law Tribunal (NCLT) and other regulators. The FMCG player issued a statement and said that it has merged Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd with the firm.

The merger has become effective from September 1, 2024. “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,” the company said via an official filing, reported PTI.

This decision has been made as part of the firm’s efforts to simply and streamline its businesses, it noted. “This consolidation of legal entity structure will unlock efficiencies and synergies. There is no change in the operating structure for these business units and they will continue to stay focused on the following portfolios - millet based products, ready-to-drink products and ready-to-cook/ ready-to-eat products. These product portfolios are part of the growth businesses for Tata Consumer Products,” the company stated.

Notably, Tata Consumer Products includes a variety of products in its portfolio such as tea, water, RTD, coffee, spices, salt, ready-to-cook and ready-to-eat goods, pulses, snacks, breakfast cereals, and mini meals. The firm has a consolidated turnover of Rs 15,206 crore and owns several major beverage brands like Organic India, Himalayan Natural Mineral Water, Tata Gluco+, Tata Tea, Tetley, etc. 

It clocked a consolidated net profit of Rs 290 crore during the first quarter of the current fiscal year 2024-25 (FY25), marking a decline of 8.5 per cent against Rs 317 crore reported during the April-June quarter in the preceding fiscal year 2023-24 (FY24).