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In Feb 2003, Marico acquired a controlling equity interest in Sundari LLC, the owner of the SUNDARI line of luxury Ayurvedic skin care products. This entry in the Global Ayurvedics segment represents Marico's first acquisition in a developed country and its entry into the skin care products market. Marico now holds 100% of the equity of Sundari LLC which it bought from Shantih LLC, which is owned by the founders of SUNDARI and a group of private investors. Sundari LLC has its headquarters in the city of New York.

Laurels Achieved

 
  • Winner of Fashion Group International Award in 2001
  • Nominated for the Spa Products of the Year Award in 2005
  • Voted as one of the Favourite Spa Products in 2005
  • Profiled in the first edition of Klines' new study in 2003

Reach:
Sundari has widened its reach using newer channels of distribution like super-premium outlets, specialty stores, Spa channels and through the Internet.
SUNDARI products and treatments are available at some of the leading spas in the US and worldwide - Canyon Ranch, The Spa at The Broadmoor, The spa at Camelback Inn, Shambhala Retreat Parrot Cay, Vail Cascade Resort and Spa, JW Marriott StarrPass, The Spa at The Setai, Ritz Carlton Battery Park, Spatio Geneva, Chi Spa Madrid, among others.

Future Plans:
The immediate plan is to expand business in a focused, de-risked manner by using newer channels of distribution and launching new skin care treatments and products.
In the long run, Sundari will enable Marico to increase its value-added presence with an established and recognized consumer brand, which shares its philosophies and heritage. Marico will benefit from Sundari's knowledge of the luxury skin care consumer and the American market. In kind, Sundari will benefit from Marico's resources and support, including the extensive research and development efforts and management expertise.

For further details on Sundari please log on to www.sundari.com.

Sundari Products & Treatments
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