Kaya Limited

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Kaya Limited
FormerlyKaya Skin Clinic
NSE: KAYA
IndustrySkin Care
Founded2003; 19 years ago (2003)
FounderHarsh Mariwala
HeadquartersMumbai, India
Area served
India
Middle East
Key people
Rajiv Nair (Group CEO)
Bhairavie Puri (COO)
Nivedita Nanda(CHRO)
Saurabh Shah (CFO)
Pooja Sahgal (CMO)
Dr. Sangeeta Velaskar
Vikas Agarwal (CEO Middle East)
ProductsSkin care
Hair care
Personal care
Beauty services
RevenueIncrease ₹410.3 crore[1] (2017)
ParentMarico

Kaya Clinic (also known as Kaya Skin Clinic) is a provider of skincare, haircare, and bodycare treatments. It was founded in 2003 by Harsh Mariwala.[2]

Harsh Mariwala, the chairman of Marico Limited, conceptualized the prototype of Kaya Skin Clinic at Marico's corporate office in 2002.

History[]

The company was incorporated on 27 March 2003 as part of Marico Limited.[3] It was demerged from Marico in September 2013 to become an independent entity and is currently traded on the National Stock Exchange as KAYA.[4][5]

There are more than 70 Kaya Clinics across 26 cities in India.[6] Kaya also has 23 clinics across 3 countries in the Middle East and e-commerce portals in India & Middle East.[7][8]

In 2010, Kaya Limited acquired Singapore-based company Derma Rx, which they later divested to KV Asia Capital in December 2013.[9][10] In the same year, Marico demerged its specialty chain Kaya into a separate company, Kaya Limited.[11]

In 2016, Kaya rebranded itself as Kaya Clinic.[12]

Business[]

Kaya Skin Clinic[]

There are 73 clinics spread across 26 cities in India and 23 clinics, spread across 3 countries and 9 cities, in the Middle East. It is the largest international chain of skincare clinics in the Middle East with presence across UAE, Saudi Arabia, & Oman. Kaya offers laser hair removal, anti-ageing, acne, pigmentation, scars, hair, body contouring, for both women and men.[13]

Kaya Skin Bar[]

In 2013, Kaya introduced Kaya Skin Bar in India to tap the large skin and hair concern market. Kaya Skin Bars are shop-in-shop outlets across Shoppers Stop, Lifestyle, Health & Glow and other such chains.[14][15]

Kaya E-Commerce[]

Kaya also launched its own e-commerce platform both in India & Middle East.[16] Kaya's products are also available at other online portals like Nykaa, Amazon, Jabong, Myntra, Flipkart, Big Basket and Groffers in India, and Amazon, Noon in the Middle East.[17][18]

Corporate affairs[]

The majority of the Kaya Limited's shares (60.70%) are held by the promoters group. The rest is divided between the individual public (20.93%), foreign institutions (6.30%), Mutual Funds (3.63%), Body Corporate (5.65%) and others as on August 7, 2015.[19]

Porinju Veliyath – the noted Indian Value Investor and Fund Manager on behalf of his portfolio management firm Equity Intelligence India Ltd bought 5 percent of Kaya Limited on June 8, 2017.[20]

References[]

  1. ^ "Annual report" (PDF). www.kaya.in. 2017. Retrieved 2021-04-14.
  2. ^ "S. Subramanian, CEO, Marico Kaya Enterprise Limited". IndiaInfoline. Retrieved 20 December 2014.
  3. ^ "Information Memorandum" (PDF). Kaya.in.
  4. ^ "Marico to demerge Kaya into a separate listed company". IN. Reuters.
  5. ^ "Kaya Share Price Live, Kaya Stock Price Today". The Economic Times.
  6. ^ "About Us | kaya". www.kaya.in. Retrieved 2016-03-18.
  7. ^ "We have elaborate yearly expansion plans in India & Middle East: Kaya CEO". www.wellnessindia.com. Retrieved 2016-03-18.
  8. ^ "Company info" (PDF). www.bseindia.com. Retrieved 2021-04-14.
  9. ^ "Marico's skincare unit buys Singapore's Derma Rx". Live Mint.
  10. ^ "Marico's skincare unit buys Singapore's Derma Rx". mint. May 25, 2010.
  11. ^ "Marico to demerge Kaya into a separate listed company". January 8, 2013 – via www.reuters.com.
  12. ^ "Kaya Chairman Speech | Latest speech by Chairman of Kaya - The Economic Times". economictimes.indiatimes.com.
  13. ^ "Kaya Skin Bar Launches 17th Outlet In India". Silicon City News.
  14. ^ "Kaya Skin Clinic has launched Kaya skin bar, a new retail format and 18 new specialized products. -- - Times of India". The Times of India.
  15. ^ Chhabria, Vishal (September 7, 2014). "Kaya: First cure, then care" – via Business Standard.
  16. ^ Products, Kaya Skin. "Buy Skin, Hair and Body Care Products Online". Kaya Skin Products. Retrieved 2020-10-20.
  17. ^ "Kaya to tie up with online player Ebay". The Hindu Business Line.
  18. ^ "Kaya". www.kaya.in. Retrieved 2016-04-01.
  19. ^ "Marico Kaya Stock Details". Money Control.
  20. ^ "Staking it high in the stock markets". New Indian Express. New Indian Express. Retrieved 11 July 2017.
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