Chairman - Marico Limited | Investor | Philanthropist | Author | Keynote Speaker
I once lived at distributor’s home in a small town because I had no choice... When Marico Limited was nascent, Bombay Oil Industries was still the family’s backbone. In those early days, I wanted our business to transform from a commodity trade into a branded consumer company. To do that, I had to understand the ground truth. There were no fancy hotels in the towns we visited. I stayed in dusty and small guest rooms. I sat with distributors over chai and samosas. I watched how coconut oil was stored, how shopkeepers priced it, how packaging changed hands. One day, a retailer told me matter-of-factly: “You always sell big tins. When people come back to buy, they carry a few kilos. If your packet is small, they will pick your brand at convenience.” That simple insight was a turning point. It nudged us to expand SKU ranges, introduce smaller packs, and think about how to become a “grab-and-go” brand, rather than just a bulk commodity supplier. If you ask me where innovation begins, it begins in the least glamorous places. In the musty shelves of neighbourhood stores, in conversations that feel insignificant, in paying attention to what people don’t say aloud. Takeaway for entrepreneurs: Your real research lab isn’t spreadsheets or agencies. It’s the ground. If you go build empathy for your customer at the shelf level, the brand strategy almost builds itself. #entrepreneurship #business #resilience #mindset #growth