Tata Consumer Products (TCPL) has received approval from the NCLT (National Company Law Tribunal) for the merger of its wholly owned subsidiaries- Tata Consumer Soulfull, NourishCo Beverages and Tata SmartFoodz with TCPL. This is in line with the company’s focus on simplifying and streamlining the business. This consolidation of legal entity structure will unlock efficiencies and synergies.
There is no change in the operating structure for these business units and they will continue to stay focused on the following portfolios- Millet based products, Ready to Drink products and Ready to Cook/Ready to Eat products. These product portfolios are part of the growth businesses for Tata Consumer Products.
Sunil D’Souza, MD and CEO, Tata Consumer Products said, “We have been reorganizing our business in line with our strategic priorities- to unlock synergies and create a future ready organisation. This merger is one more step towards building a simplified and agile business. It will enable administrative and financial synergies. Retaining the existing business operating structure will provide continuity and ensure these businesses stay focused on the growth agenda.”
