Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods Company

with a heritage of over 75 years in India and touches the lives of two out of three Indians.

HUL works to create a better future every day and helps people feel good, look good and get
more out of life with brands and services that are good for them and good for others.

With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin
care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water
purifiers, the Company is a part of the everyday life of millions of consumers across India. Its
portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair
& Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe,
Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.

The Company has over 15,000 employees and has an annual turnover of Rs.17,523 crores
(financial year 2009 - 2010). HUL is a subsidiary of Unilever, one of the world’s leading
suppliers of fast moving consumer goods with strong local roots in more than 100 countries
across the globe with annual sales of about €40 billion in 2009. Unilever has about 52%
shareholding in HUL.

01161519809190 FORID:10 Search w w w .iloveindia.c

Hindustan Lever
Ltd
Hindustan Lever Ltd (HLL) is India's largest Fast Moving Consumer Goods (FMCG) company.
HLL's brands like Lifebuoy, Lux, Surf Excel, Rin, Wheel, Fair & Lovely, Pond's, Sunsilk,
Clinic, Pepsodent, Close-up, Lakme, Brooke Bond, Kissan, Knorr-Annapurna, Kwality Wall's
are household names across the country and span a host of categories, such as soaps, detergents,
personal products, tea, coffee, branded staples, ice cream and culinary products. These products
are manufactured over 40 factories across India and the associated operations involve over 2,000
suppliers and associates. Hindustan Lever Limited's distribution network comprises about 4,000
redistribution stockists, covering 6.3 million retail outlets reaching the entire urban population,
and about 250 million rural consumers. HLL is also one of India's largest exporters. It has been
recognised as a Golden Super Star Trading House by the Government of India. Presently, HLL
has over 16,000 employees including over 1,200 managers. Its mission is to "add vitality to life."
The Anglo-Dutch company Unilever owns a majority stake in Hindustan Lever Limited.

In the late 19th and early 20th century Unilever used to export its products to India. This process
began in 1888 with the export of Sunlight soap, which was followed by Lifebuoy in 1895 and
other famous brands like Pears, Lux and Vim soon after. In 1931, Unilever set up its first Indian
subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India
Limited (1933) and United Traders Limited (1935). The three companies were merged in
November 1956 and the new entity that came into existence after merger was called as
Hindustan Lever Limited. HLL offered 10% of its equity to the Indian public, and it was the first
among the foreign subsidiaries to do so. Currently, Unilever holds 51.55% equity in the company
while the rest of the shareholding is distributed among about 380,000 individual shareholders
and financial institutions.

Brooke Bond entered Indian market in 1900 and in 1903 it launched Red Label tea in the
country. In 1912, Brooke Bond & Co. India Limited was formed. Unilever acquired Brooke
Bond through an international acquisition. Similarly, Lipton's link with India date back to 1898.
Unilever acquired Lipton in 1972 and in 1977 Lipton Tea (India) Limited was incorporated.
Pond's (India) had been in Indian market since 1947. It joined the Unilever ranks through an
international acquisition of Chesebrough Pond's USA in 1986.

The liberalization of Indian economy in 1991 and subsequent removal of the regulatory
framework allowed HLL to explore every single product and opportunity segment, without any
constraints on production capacity. The 1990s witnessed a string of crucial mergers, acquisitions
and alliances. In 1992, the erstwhile Brooke Bond acquired Kothari General Foods, with
significant interests in Instant Coffee. In 1993, it acquired the Kissan business from the UB
Group and the Dollops Ice-cream business from Cadbury India. In one of the most talked about
events of India's corporate history, the erstwhile Tata Oil Mills Company (TOMCO) merged
with HLL, effective from April 1, 1993. In July 1993, Brooke Bond India and Lipton India
merged to form Brooke Bond Lipton India Limited (BBLIL). Brooke Bond Lipton India Limited
launched Wall's range of Frozen Desserts in 1994 and by the end of the year, HLL entered into a
strategic alliance with the Kwality Icecream Group families. BBLIL merged with HLL, with
effect from January 1, 1996. HLL has also set up a subsidiary in Nepal, Nepal Lever Limited
(NLL). The NLL factory manufactures HLL's products like Soaps, Detergents and Personal
Products both for the domestic market and exports to India. In January 2000, as part of its
divestment strategy, the government decided to award 74 per cent equity in Modern Foods to
HLL. In 2002, HLL acquired the government's remaining stake in Modern Foods. In February
2007, the company has been renamed to "Hindustan Unilever Limited" to strike the optimum
balance between maintaining the heritage of the Company and the future benefits and synergies
of global alignment with the corporate name of "Unilever".
 01161519809190 FORID:10 Search w w w .iloveindia.c

Hindustan Lever
Ltd
Hindustan Lever Ltd (HLL) is India's largest Fast Moving Consumer Goods (FMCG) company.
HLL's brands like Lifebuoy, Lux, Surf Excel, Rin, Wheel, Fair & Lovely, Pond's, Sunsilk,
Clinic, Pepsodent, Close-up, Lakme, Brooke Bond, Kissan, Knorr-Annapurna, Kwality Wall's
are household names across the country and span a host of categories, such as soaps, detergents,
personal products, tea, coffee, branded staples, ice cream and culinary products. These products
are manufactured over 40 factories across India and the associated operations involve over 2,000
suppliers and associates. Hindustan Lever Limited's distribution network comprises about 4,000
redistribution stockists, covering 6.3 million retail outlets reaching the entire urban population,
and about 250 million rural consumers. HLL is also one of India's largest exporters. It has been
recognised as a Golden Super Star Trading House by the Government of India. Presently, HLL
has over 16,000 employees including over 1,200 managers. Its mission is to "add vitality to life."
The Anglo-Dutch company Unilever owns a majority stake in Hindustan Lever Limited.

In the late 19th and early 20th century Unilever used to export its products to India. This process
began in 1888 with the export of Sunlight soap, which was followed by Lifebuoy in 1895 and
other famous brands like Pears, Lux and Vim soon after. In 1931, Unilever set up its first Indian
subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India
Limited (1933) and United Traders Limited (1935). The three companies were merged in
November 1956 and the new entity that came into existence after merger was called as
Hindustan Lever Limited. HLL offered 10% of its equity to the Indian public, and it was the first
among the foreign subsidiaries to do so. Currently, Unilever holds 51.55% equity in the company
while the rest of the shareholding is distributed among about 380,000 individual shareholders
and financial institutions.

Brooke Bond entered Indian market in 1900 and in 1903 it launched Red Label tea in the
country. In 1912, Brooke Bond & Co. India Limited was formed. Unilever acquired Brooke
Bond through an international acquisition. Similarly, Lipton's link with India date back to 1898.
Unilever acquired Lipton in 1972 and in 1977 Lipton Tea (India) Limited was incorporated.
Pond's (India) had been in Indian market since 1947. It joined the Unilever ranks through an
international acquisition of Chesebrough Pond's USA in 1986.

The liberalization of Indian economy in 1991 and subsequent removal of the regulatory
framework allowed HLL to explore every single product and opportunity segment, without any
constraints on production capacity. The 1990s witnessed a string of crucial mergers, acquisitions
and alliances. In 1992, the erstwhile Brooke Bond acquired Kothari General Foods, with
significant interests in Instant Coffee. In 1993, it acquired the Kissan business from the UB
Group and the Dollops Ice-cream business from Cadbury India. In one of the most talked about
events of India's corporate history, the erstwhile Tata Oil Mills Company (TOMCO) merged
with HLL, effective from April 1, 1993. In July 1993, Brooke Bond India and Lipton India
merged to form Brooke Bond Lipton India Limited (BBLIL). Brooke Bond Lipton India Limited
launched Wall's range of Frozen Desserts in 1994 and by the end of the year, HLL entered into a
strategic alliance with the Kwality Icecream Group families. BBLIL merged with HLL, with
effect from January 1, 1996. HLL has also set up a subsidiary in Nepal, Nepal Lever Limited
(NLL). The NLL factory manufactures HLL's products like Soaps, Detergents and Personal
Products both for the domestic market and exports to India. In January 2000, as part of its
divestment strategy, the government decided to award 74 per cent equity in Modern Foods to
HLL. In 2002, HLL acquired the government's remaining stake in Modern Foods. In February
2007, the company has been renamed to "Hindustan Unilever Limited" to strike the optimum
balance between maintaining the heritage of the Company and the future benefits and synergies
of global alignment with the corporate name of "Unilever".

Dividend

Bonus

Share holding

Capital structures

Ratio

(Rs crore)

Balance sheet
Mar ' 10 Mar ' 09 Dec ' 07 Dec ' 06 Dec ' 05

Sources of funds
Owner's fund

Equity share capital 218.17 217.99 217.75 220.68 220.12

Share application money - - - - -

Preference share capital - - - - -

Reserves & surplus 2,364.68 1,842.85 1,220.82 2,502.14 2,084.84

Loan funds
Secured loans - 144.65 25.52 37.13 24.50
 Mar ' 10 Mar ' 09 Dec ' 07 Dec ' 06 Dec ' 05

Unsecured loans - 277.30 63.01 35.47 32.44

Total 2,582.85 2,482.79 1,527.10 2,795.42 2,361.90

Uses of funds
Fixed assets

Gross block 3,581.96 2,881.73 2,669.08 2,462.69 2,375.11

Less : revaluation reserve 0.67 0.67 0.67 0.67 0.67

Less : accumulated depreciation 1,419.85 1,274.95 1,146.57 1,061.94 989.61

Net block 2,161.44 1,606.11 1,521.84 1,400.08 1,384.83

Capital work-in-progress 273.96 472.07 185.64 110.26 98.03

Investments 1,264.08 332.62 1,440.81 2,522.22 2,148.72

Net current assets

Current assets, loans & advances 5,818.89 6,040.04 3,681.12 3,555.08 3,101.67

Less : current liabilities & provisions 6,935.52 5,968.06 5,302.30 4,792.23 4,371.36

Total net current assets -1,116.63 71.98 -1,621.18 -1,237.15 -1,269.69

Miscellaneous expenses not written - - - - -

Total 2,582.85 2,482.79 1,527.10 2,795.42 2,361.90

Notes:
Book value of unquoted investments 466.46 317.30 1,364.36 2,346.08 1,896.19

Market value of quoted investments 953.58 71.09 287.83 170.29 364.81

Contingent liabilities 468.49 417.26 494.46 476.40 468.33

Number of equity sharesoutstanding (Lacs) 21816.87 21798.76 21774.63 22067.76 22012.44

Board of Directors
The Board of Directors as repositories of the corporate powers act as a guardian to the Company
as also the protectors of shareholder’s interest.

This Apex body comprises of a Non- Executive Chairman, four whole time Directors and five
Independent Non – Executive Directors. The Board of the Company represents the optimum mix
of professionalism, knowledge and experience.

Mr. Harish Manwani - Chairman

Mr. Harish Manwani (55), assumed charge as the Non-Executive Chairman of the Company with
effect from 1st July, 2005.

Mr. Nitin Paranjpe - CEO and Managing Director

Mr. Nitin Paranjpe (46), after obtaining a degree in BE (Mechanical) and MBA in Marketing
(JBIMS) from Mumbai, joined the Company as a management trainee in 1987.

Mr. R. Sridhar - Chief Financial Officer

Mr. Sridhar Ramamurthy (45) is a Chartered Accountant (Gold Medallist) as well as a Cost
Accountant and Company Secretary.
Mr. Gopal Vittal - Executive Director, Home & Personal Care

Mr. Gopal Vittal (42), an alumnus of Madras Christian College, completed his MBA from IIM,
Calcutta. Mr. Vittal has 18 years experience in Marketing & Sales in FMCG market including
Skin Care, Soaps and Laundry.

Mr Pradeep Banerjee - Executive Director, Supply Chain

Mr Pradeep Banerjee (51) joined HUL as a Management Trainee in 1980.

Mr. D. S. Parekh - Independent Director

Mr. D. S. Parekh (64), is a B.Com graduate and holds a FCA degree from England and Wales.
Mr. Parekh has held senior positions in Grindlays and Chase Manhattan.
Mr. A. Narayan - Independent Director

Mr. A. Narayan (57), joined ICI India as a Management Trainee in 1973 and grew through
diverse functions and businesses before being appointed as the Managing Director of ICI India in
1996.

Mr. S. Ramadorai - Independent Director

Mr. S. Ramadorai (64), is the Chief Executive Officer and Managing Director of Tata
Consultancy Services Limited; Chairman of Tata Technologies Limited and Chairman of CMC
Limited.

Dr. R. A. Mashelkar - Independent Director

Dr. R. A. Mashelkar (66), is presently the President of Global Research Alliance, a network of
publicly funded R&D institutes from Asia-Pacific Europe and USA.

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Corporate Governance
I believe that nothing can be greater than a business, however small it may be, that is governed
by conscience; and that nothing can be meaner or more petty than a business, however large,
governed without honesty and without brotherhood.”
-William Hesketh Lever

Transparency and accountability are the two basic tenets of Corporate Governance. We, at
Hindustan Unilever, feel proud to belong to a Company whose visionary founders had laid the
foundation stone for good governance long back and made it an integral principle of the
business, demonstrated in the words above.

Our approach to Corporate Governance

To succeed, we believe, requires the highest standards of corporate behaviour towards everyone
we work with, the communities we touch, and the environment on which we have an impact.
This is our road to sustainable, profitable growth and creating long-term value for our
shareholders, our people, and our business partners.

Corporate Information
Hindustan Unilever Limited,
165/166, Backbay Reclamation
Registered Office Mumbai – 400 020
Tel : +91 – 22 – 39830000
Fax no. : +91 – 22 - 22026712

Hindustan Unilever Limited,

Unilever House,
B. D. Sawant Marg,
Corporate Office & Research Centre
Chakala, Andheri (E),
Mumbai - 400 099.

Dev Bajpai,
Email : hllshare.cmpt@unilever.com
Executive Director (Legal) and Company Secretary
Tel nos. : +91-22-398 32557 / 32358 / 32532 /
32312

Lovelock & Lewes,

Chartered Accountants
Statutory Auditors
252, Veer Savarkar Marg
Dadar, Mumbai- 400 028

Crawford Bayley & Co.

State Bank Building
Solicitors
N.G.N. Vaidya Marg
Mumbai – 400 023

Registrar and Share Transfer Agents Karvy Computershare Private Limited

Unit : HINDUSTAN UNILEVER LIMITED
 Plot No. 17 to 24, Vittalrao Nagar,
Madhapur, Hyderabad – 500 081.
Phone : +91- 40 23420818-823
Fax : +91- 40 23420814
Email : igkcpl@karvy.com
Website : www.karvy.com

Unilever India Exports Limited

Unilever Nepal Limited
Pond’s Exports Limited
Lakme Lever Private Limited
Daverashola Estates Private Limited
Subsidiary Companies Jamnagar Properties Private Limited
Brooke Bond Real Estates Private Limited
Hindustan Field Services Private Limited
Levers Associated Trust Limited
Levindra Trust Limited
Hindlever Trust Limited