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40 Years Ago... And now: HUL - From 'intrepreneur' to subsidiary

While India's largest FMCG company remains a breeding ground for managerial talent, the aggression and independence that characterised its former chiefs can hardly be seen

"It's been 10 years since you have made any meaningful acquisition. Why?" Unilever chief executive Paul Polman was asked this question during his first trip to India after being appointed the conglomerate's global head. Polman was meeting the Indian media for the first time, at a brand new office of subsidiary Hindustan Unilever (HUL) in Andheri here. HUL had moved here after 47 years at Lever House, the company's iconic headquarters at Backbay Reclamation, Churchgate. It was a historic moment, celebrated with much aplomb. And, Polman was in high spirits, following ...