TWENTY-FIFTH ANNUAL REPORT & ACCOUNTS (16th July 2017 – 16th July 2018) SWASTHA NEPAL SAKSHYAM NEPAL HAMRO NEPAL BOARD OF DIRECTORS PROFILE OF DIRECTORS Profile of Profile of Mr. Pradeep Banerjee Mr. Bharat Bahadur Thapa, 1. PRADEEP BANERJEE Chairman Mr. Pradeep Banerjee was appointed as Executive Independent Director Director – Supply Chain in Hindustan Unilever Mr. Bharat Bahadur Thapa is a former Secretary, Limited (HUL) since April 2010. He has done a Ministry of Industry, Commerce and Supplies. He 2. RAVI BHAKTA SHRESTHA series of assignments in Supply Chain, Research has nearly four decades of working experience Promoter Director (Nominee, M/S SIBKRIM Holdings Private Limited & Development and Categories. Mr. Banerjee with the government of Nepal in various positions. (previously known as Sibkrim Land and 1 2 became the Vice President - Technical (Home & He has visited more than 33 countries. He has done Industrial Company (Pvt) Limited) Personal Care) in 2003 and later moved to UK in MA and Bachelor of Law. He has led the Nepal 2005 as Vice President – Global Supply Chain for delegation several times on several Bilateral and 3. BHARAT BAHADUR THAPA Personal Care Category. He has served as the Vice Multilateral Trade negotiations. Independent Director President for Global Procurement in Singapore. Mr. Banerjee was Managing Director of this Profile of Company from 1st April 1997 to 31st October 4. DEV BAJPAI Mr. Dev Bajpai Director 1998. He holds a bachelor’s degree in engineering (Nominee, Hindustan Unilever Limited) (Chemical) from IIT Delhi. He is the Chairman Mr. Dev Bajpai was appointed Executive Director (Legal & Corporate Affairs) in HUL in May, 2010. 3 4 of Board of Directors of Unilever Nepal Limited (UNL) since 20th March 2011. He has in January 2017 been appointed as a 5. PRIYA NAIR Director on the Board of HUL looking after Legal Director & Corporate Affairs function. He is a Fellow (Nominee, Hindustan Unilever Limited) Profile of Mr. Ravi Bhakta Shrestha Member of the Institute of Company Secretaries of India and has a Law degree from University of Mr. Ravi Bhakta Shrestha is a promoter Director Delhi. He has nearly three decades of corporate 6. ASHISH RAI Managing Director of UNL as representative of local Joint Venture experience in diverse industries that include Company – M/S SIBKRIM Holdings Private Automobiles, FMCG, Hospitality and Private Limited (previously known as SIBKRIM Land and Equity, in the areas of Legal, Governance, Tax and 7. DINESH THAPAR 5 6 Industrial Company (Pvt.) Limited) and Chairman Corporate Affairs. He has worked in Organizations Director & Managing Director of N. E. GROUP (Hotels, like Maruti Udyog Limited, Marico Limited, Indian (Nominee, Hindustan Unilever Limited) Industries, Investment & Trading) which is one of Hotels Company Limited and ICICI Venture Funds the leading business houses in Nepal. He is also Management Company Limited. He has been part the Founder and Vice President of I. J. Charitable of Committees of Apex Industry Organizations 8. SHANKAR LALL AGRAWAL Director Trust that contributes to the health and education like Confederation of Indian Industries (CII) & (General shareholders’ representative) sector under CSR. Previously, Mr. Shrestha was Federation of Indian Chambers of Commerce & President of Federation of Nepalese Chamber of Industry (FICCI). He has also represented Industry Commerce & Industry (FNCCI). He is a Director before Parliamentary Committees. Mr. Bajpai 7 8 of M/S Soaltee Hotel Limited. Mr. Shrestha is also completed an Executive Program for Corporate a Promoter Director of Soaltee SIBKRIM Hotels Counsels at Harvard conducted by Harvard & Resorts Pvt. Ltd. and Chairman of Summit Law School. Before joining HUL, he was Senior Hotel Pvt. Ltd. Mr. Shrestha is a Graduate in Director, Legal & Compliance, ICICI Venture Business Administration. He has been decorated Funds Management Company Limited. with Prasiddha Prabal Gorkha Dakchhin Bahu ‘Second’ and Knight Officer of the Order of Merit of the Republic of Italy. Profile of Shakti Program and a distribution joint venture Ms. Priya Nair with Tata Docomo; and in his last role as General OUR PURPOSE Manager - Sales & Customer Development, South Ms. Priya Nair is the Executive Director & VP – UNILEVER NEPAL LIMITED HAS A CLEAR PURPOSE – TO MAKE SUSTAINABLE LIVING COMMONPLACE. India for HUL business with € 1.5 Bn annual Home Care which consists of Fabric cleaning & WE BELIEVE THIS IS THE BEST WAY TO CREATE LONG-TERM VALUE FOR ALL OUR STAKEHOLDERS, turnover he managed the largest branch (sales care, Household Cleaning and Water Purification ESPECIALLY IN A VOLATILE AND UNCERTAIN WORLD. unit) comprising of the states of Tamil Nadu, business. Priya is successfully leading and Karnataka, Seemandhara, Telangana, Kerala Our Purpose inspires our Vision – to accelerate innovation, drives down costs to improve returns delivering competitive and profitable growth & Union Territory of Puducherry. In addition to growth in our business, while reducing our and builds trust among consumers across our for HUL’s Homecare business which is an over his current role as Managing Director for UNL, environmental footprint and increasing our categories and operations. INR 10,000 Cr. business. She brings with her a he leads the technology initiatives for Unilever’s positive social impact. We want our business diverse and rich experience including Consumer Our success depends on the expertise and talent customer development function and is part of to grow, but we recognise that growth, at the Insights, Customer Development and Marketing. of our people. They are constantly challenged by Unilever’s South Asia Leadership team. expense of people or the environment, is both She has spearheaded some leading-edge unacceptable and commercially unsustainable. an environment that remains Volatile, Uncertain, Marketing programs that are widely acclaimed Profile of Sustainable growth is the only acceptable Complex and Ambiguous (VUCA). The market is both in India and globally, especially in the new Mr. Dinesh Thapar model for our business. As the pace of change fragmenting because of changes in consumer age media of Digital: the most notable recent accelerates, we are creating a stronger, simpler habits, sales channels and the media. Therefore, Mr. Dinesh Thapar is Vice President – Finance at example is creating of Kan Khajura Tesan: A and more agile business. the Company is also changing through the mobile radio service that has over 30 million HUL. He is the Finance leader for the Company’s business transformation programme. It is consumers and winner of three Cannes Gold largest Division, the INR 160 bn (US$ 2.5 bn) Our Purpose and Vision combine a commercial creating a business which is more consumer Lions. She has developed and built HUL’s Perfect Personal Care business and the Head of the imperative to succeed against competition, and customer-centric, faster, more efficient and Village and Rural Marketing program and has led Business Finance team in India. In this role, he with the changing attitudes and expectations of empowered so that our people can meet these HUL’s mobile strategy. In her earlier roles, she also partners and drives category strategy and consumers. This Annual Report and Accounts challenges with the necessary resources. has worked with various brands such as Dove, performance management for Unilever’s US$ explains how, in 2017-18, we have continued to Axe, Rexona, Close-up and Pepsodent. 3.4 bn Personal Care business in the South Asia pursue our Purpose and work towards making As part of this change, we are adopting new cluster. He was General Manager & Head of our Vision a reality. During the year, we continued ways of working to be more entrepreneurial to Priya has led Mobile and Rural Marketing Treasury, Mergers & Acquisitions and Investor to deliver growth that is consistent, competitive, complement our existing category strategies. In capability building for HUL and is also responsible Relations prior to taking over his current position. profitable and responsible. This track record of turn, these clearly-defined strategies across our for the HUL corporate brand including Project long-term success is underpinned by the Unilever four categories ensure that the Company has a Sunlight (Unilever Sustainable Living Plan). In a career spanning almost two decades Sustainable Living Plan (USLP), which helps well-balanced and resilient portfolio relevant to with Unilever in India and a stint in the United us manage risk, inspires brand purpose and meeting our Purpose and Vision. Profile of States, Dinesh has held a variety of leadership Mr. Ashish Rai roles covering the areas of Corporate Finance, Mr. Ashish Rai is Managing Director of UNL. He Business Finance and Supply Chain Operations. OUR CATEGORIES AND BRANDS has 16 years of industry experience spanning Each of our categories - Home Care, Personal Innovation, Winning in the Marketplace, Winning sales and marketing roles working in different Profile of Care, Foods and Refreshments, includes a through Continuous Improvement and Winning capacities in global teams, in South Asia and in Mr. Shankar Lall Agrawal portfolio of brands that aim to deliver consistent, with People. This is underpinned by the Unilever South East Asia. His educational qualification Mr. Shankar Lall Agrawal completed his B. competitive, profitable and responsible growth. Sustainable Living Plan (USLP) that sets our is bachelor’s in engineering (chemical) from Com from Mahendra Morang Aadarsh