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Profile
Glaxosmithkline Consumer Healthcare Limited or GSKCONS
GCH or Glaxosmithkline Consumer Healthcare’s core business is the manufacturing of health drinks under the brand Horlicks. The history of the company went way back in the 1950s when bottled Horlicks was imported from England. But in the year 1955 due to a change in import policy, import of Horlicks was stopped. During 1956–57, a team of Horlicks visited India for exploring opportunities for setting up a plant in India. And then, they approached Maharaja of Nabha, Pratap Singh in Punjab. Later in October 1958, along with the support of Maharaja, Hindustan Milkfood Manufacturer or HMML was established to manufacture Horlicks. In 1969, Beecham plc. acquired Horlicks England that led the company to become a significant shareholder in HMML. In 1979, Beecham India was being merged with Hindustan Milkfood Manufacturer and later Beecham plc, the UK got merged with the SmithKline of USA. In January 2000, the company name was changed to GlaxoSmithKline Consumer Healthcare. Also, it exports products to countries such as Bangladesh, Myanmar, Sri Lanka, Fiji, Middle East, Mauritius, Nepal, Bhutan, and many more. The Company has several manufacturing plants located at Andhra Pradesh, Haryana, Punjab, Hyderabad, Chennai, Guwahati, Ghaziabad, Bangalore, and Gurgaon. GlaxoSmithKline Consumer Healthcare has agreed with Laclede to purchase its dry mouth brand Biotene for $170 million. In 2011, the company launched Sensodyne for entering in the Indian toothpaste market.Some of the Products:
- Nutritional drinks– Under this segment, the company manufactures and markets a broad spectrum of health drinks. Additionally, it has also created brands such as Boost, Maltova, and Viva. It also caters to other consumers such as mothers with Mother’s Horlicks and Horlicks Lite for diabetic consumers.
- OTC Products– Under this segment, the company promotes and distributes over the counter drugs such as pain relief balm - Iodex, pain relief tablet, and syrup – Crocin and drug for several acidity problems – Eno.
Some of the Achievements:
- The Company's manufacturing plants have received various certifications for its quality and health and safety systems such as OHSAS 18001, ISO 9001:2000 and ISO 14001:2004 by DNV and SA8000.
- Also, the Sonepat factory of the company won the prestigious “National Energy Conservation Award – 2007” from the President of India in the Sector of Food Processing.
Trading and Investment Terminology