Amway

Direct seller Amway India Enterprises has reported widening of net loss to Rs 52.78 crore, while revenue from operations, stood at Rs 1,283.75 crore in FY'24. Its total income, which includes other income, was marginally up 0.7 per cent to Rs 1,293.97 crore for the financial year ended March 31, 2024, according to the RoC filing by the company. Amway India had reported a net loss of Rs 21.72 crore and revenue from operations was at Rs 1,278.69 crore a year before, for the financial year ended March 31, 2023, according to financial data accessed through the business intelligence platform Tofler. The 'advertising promotional expenses' in FY'24 were down 25.5 per cent to Rs 61.03 crore, as against Rs 81.93 crore a year ago. However, the royalty paid to its US-based parent firm was up 4.06 per cent to Rs 65.74 crore in FY'24. This 'cost royalty' was at Rs 63.17 for the financial year ended on March 31, 2023. Amway India Enterprises is a wholly-owned subsidiary of Ada, Michigan, US-bas

Direct selling major Amway expects India to be among its top three global markets in the next five years, the company's country Managing Director Rajneesh Chopra said on Monday. The company, which has invested USD 4 million (around Rs 35 crore) to set up four new research and development centres in India, is also looking to develop products to cater to Southeast Asian countries. Amway has globally started looking at the overall landscape and the lens of business in a very different way. Instead of setting financial goals only, it is moving to transformation of lives, Chopra told PTI. "We have five and a half lakh active distributors on our base right now. We have more than 2 million customers. Our goal is that 2 million moves up to 5 million over the course of the next five years," he said when asked how the company is looking ahead in India. He further said, "We aspire that India becomes one of the top three (markets for Amway globally). We have some more work to do from that ...

The company maintains the action was related to a case in 2011 and it has been cooperating with the investigative agency

On Monday, the Enforcement Directorate attached Amway's assets worth Rs 758 crore in connection with an alleged money laundering probe

The company's online business which was at 33% in February hit 90% during the lockdown

Amway is investing in its online platform, which the company believes will get up to 40 to 50 per cent of sales in the coming years

Amazon moved SC after HC division bench refused to stay interim injunction against co-selling Amway, others products

The launch of Attitude Be Bright Herbals is our latest innovation in the beauty segment that is set to revolutionise the market," company CEO, Anshu Budhraja said

Amway India had posted Rs 17.85 billion turnover in calendar 2017

Amway is kicking off its herbal skincare range with three products - a day cream, a night cream and a face wash - with all the locally-sourced ingredients

The overall management and leadership of the business will be assumed by Pant

The Rs 60-billion target will also take the local unit of the direct-seller into the top three after the US and China, said Anshu Budhraja, chief executive officer of Amway India

Eyeing the magic India revenue figure of Rs 20 billion by the end of 2018, Amway is planning a consumer durables push with an entry into products like air and water purifiers

The American marketing giant made China a multi-billion dollar market, but it is now under fire from local regulators

Firm has started R&D with Indian ingredients for ayurvedic products

Amway India sells over 130 products across nutrition, beauty, home care and personal care categories

The direct selling company has invested Rs 550 cr in the unit, taking its total investment in India to Rs 800 cr

With new products and stores, the direct seller is reaffirming its commitment to the customer, but can it survive the onslaught of online retail?