Harsh Mariwala on family business
From Mr Harsh Mariwala · · Fifa India
“I didn't ask for anything more because if I had asked for anything more because of the fact that I had created this the most important business in the family it would never have got approved.”
On , Harsh Mariwala, Chairman at Marico, spoke about family business during Mr Harsh Mariwala on Fifa India.
About Harsh Mariwala
Harsh Mariwala, chairman of Marico, said in a podcast that he was certain he would not work for anyone else and wanted to be in his own business. He discussed his approach to succession, stating that he appointed a professional as managing director because it was in the interest of the organization, not the family, and that the decision has paid dividends. Mariwala also said that once a company goes public, it is no longer the founder's company, as it is owned by many other shareholders. He described his relationship with his son as having been strained, and said he used "green balls"—people his wife respects who agree with his views—to influence her in family disputes. Speaking at the Citi India Conference 2026, Mariwala said that direct-to-consumer (D2C) brands pose both a threat and an opportunity to traditional FMCG companies. He noted that India's demographics are "so bad" due to rising rates of heart disease, pre-diabetes, and fatty liver disease among young adults, and said that preventive healthcare will account for 30% of Marico's capital allocation. Mariwala emphasized the importance of innovation and differentiation for creating new brands, and said the biggest deterrent to innovation is the fear of failure, particularly among management graduates who are risk-averse. He added that he spends 25% of his time on philanthropic activities, including mental health and entrepreneurship.