Gillette India Live Stock/Share Price/Charts
Gillette India (GILLETTE) was incorporated on Feb. 09 1984 in Rajasthan. Formerly known as Indian Shaving Products, the company is a 41.02% subsidiary of the Gillette Company, USA. In the year 2000, Wilkinson Sword India and Duracell India were merged with Indian Shaving Products, the listed entity. The company was renamed as Gillette India. Post merger, business portfolio involves shaving products (sold under Gillette, 7`0 Clock and Wilkinson brands), battery and flashlights business (Duracell and Geep), and oral care products (Oral B). The company also entered into the ladies personal care segment with the launch of Gillette Sensor Excel for women. GILLETTE tied up with Rediff-on-the-Net e-commerce to market its products and increase its customer base.Sabre Pens, Sheen Dental Products, Klosershav Products, and Vanity Cosmetic are wholly-owned subsidiaries of the company. In the year 2005, Gillette Company, USA was acquired worldwide through merger by Procter & Gamble Company, USA. The companies will remain as separate legal entities. The Indian subsidiary will move over to P&G`s distribution structure and gradually discontinue services of the 700+ distributors engaged in mass trade of Gillette products. The company will also follow P&G`s fiscal year (July-June), subject to necessary approvals. As part of the transition, P&G will begin buyback of stocks from the Gillette India dealers.
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