The focus is really to be in B2C businesses, says Dabur's Mohit Burman

Posted on:
Key Points

Not only focussed on acquiring new businesses or turning around distressed ones, the Dabur group has trained its sights on B2C businesses to keep on the growth path, said Mohit Burman at the Mint India Investment Summit 2024..

Premium The Dabur group, under the leadership of Mohit Burman, is charting a new growth path by diversifying into B2C businesses..

New Delhi: Long associated with everyday names like Dabur Chyawanprash and Dabur Amla hair oil, owners of the household brand name Dabur are looking to chart a new growth path for the company they've nurtured through generations..

The Burman family, promoters of the Dabur group, which has presence ranging from the fast-moving consumer goods sector to financial services, intends to prioritize the development of business-to-consumer ventures and undertake operational turnarounds, said Mohit Burman, Chairman of Dabur India at the Mint India Investment Summit 2024, on Saturday..

The family already has exposure to the financial services sector via their stake in life insurance company Aviva Life Insurance Co., apart from their general insurance business, Universal Sompo General Insurance Co., in what Burman describes as a wide range" of business interests. ..

You might be interested in

India's outsourcing giants cut hiring; disheartening for economy, students

12, Jun, 23

The slowdown, triggered by global uncertainty in demand, is unprecedented in an industry that is one of the biggest hirers in India's services sector since the 1990s and provides an assured career path and prosperity to hundreds of thousands of students each year.

Miffed by low offer, Religare orders valuation report

11, Oct, 23

On 23 September, the Burman family offered to acquire an additional 5.27% stake in the financial services company for ₹407 crore, leading to a mandatory open offer.

Why Uday Kotak thinks Jio’s entry into the financial services sector is a ‘good thing’

04, Oct, 23

Uday Kotak was speaking at the India Today Conclave Mumbai 2023. He said India needs free and fair markets, backed by policies that allow a competitive marketplace.

Top 10 Blue Chip Stocks to Invest in for High Returns

24, Jul, 23

Indian enterprises with a long history of consistently great financial performance are considered to have blue chip stocks, which are equities of established, financially secure companies.

DS Group to bid for Great India Place mall in Noida

16, Oct, 23

DS Group expanding presence in retail and hospitality sector through mall acquisition

Jio Financial set to launch suite of loan products in billionaire Ambani's finance push

17, Oct, 23

India's Jio Financial Services JFS (JIOF.NS) plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market.

India's Burmans seek to boost financial services play with control of Religare

27, Sep, 23

India's billionaire Burman family said on Monday it would buy around 26% of Religare Enterprises (RELG.NS) for 21.16 billion rupees ($255 million), as it seeks to bolster its presence in the rapidly growing financial services sector.