Tata Consumer Products Completes Merger of Three Subsidiaries
Tata Consumer Products Ltd (TCPL), a prominent player in the FMCG sector, has finalized the merger of three wholly-owned subsidiaries following approvals from the National Company Law Tribunal (NCLT) and other regulatory bodies. The subsidiaries Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd have been successfully integrated into TCPL, effective September 1, 2024.
This strategic move aligns with TCPL's objective to simplify and streamline its business operations. By consolidating these entities, the company aims to unlock efficiencies and enhance synergies within its structure. Despite the merger, there will be no change in the operating structure for these business units. They will maintain their focus on their respective portfolios, including millet-based products, ready-to-drink products, and ready-to-cook/ready-to-eat offerings, all key growth areas for the company.
TCPL’s diverse product range spans tea, coffee, water, ready-to-drink beverages, salt, pulses, spices, and a variety of ready-to-cook and ready-to-eat items. The company, with a consolidated turnover of Rs 15,206 crore, boasts several well-known beverage brands, including Tata Tea, Tetley, Organic India, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, and Tata Gluco+. The merger is set to strengthen TCPL's position in the market by streamlining operations and enhancing its competitive edge.
