Isha Ambani’s firm desires to seize the market acquired by Tata Starbucks Limited (File)
Last few months have been actually eventful for the Tata Group. The group’s espresso enterprise, Tata Starbucks, earned a income of Rs 1087 crore in 2022-23. This got here a yr after the group launched an Indianised menu. The firm has 333 shops in India. Meanwhile, the father or mother group of the corporate, Tata Consumer Products scored a revenue of Rs 268 crore. The income rose to Rs 3619 crore final fiscal. This has been achieved below the management of Sunil D’Souza, the CEO and MD of Tata Consumer Products Limited. He is among the highest paid CEOs of FMCG corporations in India.
He is among the most profitable leaders of the Tata Group as of now. He is dealing with the problem of Isha Ambani-led Reliance Retail that’s aggressively venturing into the FMCG enterprise. Last month, Reliance Brand Limited, Mukesh Ambani’s firm, launched Pret A Manger in India, a British sandwich and occasional chain. The Darshan Mehta-led firm desires to seize the market share dominated by Tata Starbucks, which launched over 50 shops in 2022 alone. It is the market chief. This aggressive push pits Sunil D’Souza in opposition to Isha Ambani and Darshan Mehta.
Sunil D’Souza grew to become the CEO and MD of the corporate on April 4, 2020. This was after Ajoy Misra resigned.
He was the managing director of Whirlpool India when he joined the Tata Group. He additionally labored at Pepsico for 15 years.
He started his profession in 1993 with Brooke Bond Lipton India Ltd. He has an expertise of round 30 years within the meals and drinks sector.
He did engineering from the University of Madras. He later did MBA from IIM.
His wage in FY 2021 was Rs 10.49 crore. Last yr, he earned Rs 7.62 crore.
Earlier this yr, he was in talks with Ramesh Chauhan over Bisleri’s acquisition. The talks, nevertheless, had been referred to as off resulting from disagreements over the valuation provided. He stated the acquisition would have superior the corporate’s plans by three years. However, now they wish to focus on their current manufacturers.
