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Forest Essentials

From Wikipedia - Reading time: 6 min
Forest Essentials
Company typePrivate
IndustryWellness, Cosmetics
Founded2000; 24 years ago (2000)
FounderMira Kulkarni
Headquarters
New Delhi
,
India
Area served
Key people
Samrath Bedi, Managing Director
RevenueUS$4 million
Number of employees
135 (2018)
WebsiteOfficial website

Forest Essentials is an Indian cosmetics, skincare and perfume company that specialises in Ayurvedic preparations for its products. It was founded in 2000 by Mira Kulkarni in New Delhi, India.[1]

History

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Mira Kulkarni started the business in 2000 with an investment of Rs.2 lakhs, then only selling handmade soaps and candles.[2] The business expanded after the Delhi hotel Hyatt Regency ordered the soaps for their rooms.[3] In 2005–2006, the company posted sales of Rs.6 crore.

Business

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In 2008, the New York-based Estée Lauder Companies acquired a 20% stake in the company, and in October 2021, the brand announced entering the United Kingdom by opening 12 retail stores.[4] Kulkarni's son Samrath Bedi currently serves as the managing director of the company.[5][6]

The company has 130 Forest Essentials Stores in India, supplies to 190 hotels and export to 120 countries.[7] The factories are in Haridwar and Lodsi in Tehri Garhwal district, Uttarakhand.

Forest Essentials sells natural, organic and Ayurvedic cosmetics and has a policy of not testing their products on animals.[8][failed verification]

In November 2022, Forest Essentials opened its first standalone store in Covent Garden, London which would become the brand's first international store.[9]

References

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  1. ^ "Estée Lauder's dream girl". fortuneindia.com. 9 November 2014.
  2. ^ Nanditta Chibber (June 2006). "How Forest Essentials was born, and grew". Business Standard News. Retrieved 2019-03-21.
  3. ^ "Deep rooted beauty: Mira Kulkarni, MD, Forest Essentials". The Economic Times. 2010-08-22. Retrieved 2019-03-21.
  4. ^ Varuni Khosla (2021-10-26). "Forest Essentials to open 12 stores in UK". Livemint.com. Retrieved 2022-04-05.
  5. ^ ""Understand your brand and stay true to it"- Business News". Businesstoday.in. 2015-11-08. Retrieved 2019-03-21.
  6. ^ https://www.bloomberg.com/research/stocks/private/person.asp?personId=49594763&privcapId=46893746&previousCapId=46893746&previousTitle=Mountain%20Valley%20Springs%20India%20Private%20Limited [dead link]
  7. ^ "Meet The Fabulous Women Behind These Homegrown Brands We Absolutely Love". HuffPost India. 19 January 2017. Retrieved 2019-03-21.
  8. ^ "'No animal test' rule to apply to imported cosmetics too". Business Line. 2018-03-12. Retrieved 2019-03-21.
  9. ^ "Beauty brand Forest Essentials opens its first store in UK". FashionNetwork. Retrieved December 26, 2022.
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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Forest_Essentials
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