Companies need to win trust of society: HUL's Harish Manwani

HUL's outgoing chairman Harish Manwani today said there is a need for companies to win trust of the society not only by running a business that delivers a great performance but also by doing good for the people.

Addressing shareholders at the company's annual general meeting, Manwani -- who will be hanging up his boots after 42-year-long career with HUL -- said serving communities, consumers, developing talent and embracing change helped the company to become successful in India.

"In the current context, to win back the trust of society, companies need to move to a new paradigm of 'great to good' running a business that delivers great performance and is also good for society," he said.

Recounting his journey with HUL, Manwani said, "We have always kept communities first", adding, "we are in business to serve all consumers from every income strata".

For HUL, Manwani said, "It has never been about selling soap or soup, it's about making sure that in the process of doing so, we can change people's lives. Small actions, big difference."