| Kaya Limited | |
| Former Name: | Marico Kaya Enterprises[1] |
| Traded As: | |
| Founder: | Harsh Mariwala |
| Key People: | Harsh Mariwala (Chairman and MD) Rajiv Suri (Global CEO)[2] Rajiv Nair (CEO) Saurabh Shah (CFO) |
| Revenue: | 410.3 crore[3] |
| Revenue Year: | 2017 |
| Area Served: | India Middle East |
| Industry: | Skincare[4] |
| Services: | Skincare Haircare Personal care Beauty services |
| Website: | |
| Location: | Mumbai, Maharashtra, India |
Kaya Clinic (also known as Kaya Skin Clinic) is an Indian multinational skincare, haircare, and bodycare treatment provider. It was founded in 2003 by Harsh Mariwala, the chairman of Marico.[5] [6]
There are more than 70 Kaya Clinics across 26 cities in India. Kaya also has 23 clinics across 3 countries in the Middle East and e-commerce portals in India & Middle East.[7] [8]
Harsh Mariwala conceptualized the prototype of Kaya Skin Clinic at Marico's corporate office in 2002.[9] The company was incorporated on 27 March 2003 as part of Marico Limited.[10]
In 2010, Kaya Limited acquired Singapore-based company Derma Rx, which they later divested to KV Asia Capital in December 2013.[11]
It was demerged from Marico in September 2013 to become an independent entity called Marico Kaya Enterprises and its shares began trading on NSE and BSE in July 2014.[12] [13] In May 2015, as a result of a scheme of arrangement, Marico Kaya shares were suspended from trading, and shareholders were allotted equal number of Kaya Limited shares, which got listed on the exchanges in August 2015.[14]
In 2016, Kaya rebranded itself as Kaya Clinic.[15]
There are 73 clinics spread across 26 cities in India and 23 clinics, spread across 3 countries and 9 cities, in the Middle East. It is the largest international chain of skincare clinics in the Middle East with presence across UAE, Saudi Arabia, & Oman. Kaya offers laser hair removal, anti-ageing, acne, pigmentation, scars, hair, body contouring, for both women and men.[16]
In 2013, Kaya introduced Kaya Skin Bar in India to tap the large skin and hair concern market. Kaya Skin Bars are shop-in-shop outlets across Shoppers Stop, Lifestyle, Health & Glow and other such chains.[17] [18]
Kaya also launched its own e-commerce platform both in India & Middle East.[19] Kaya's products are also available at other online portals like Nykaa, Amazon, Jabong, Myntra, Flipkart, and Big Basket in India, and Amazon and Noon in the Middle East.[20]
The majority of the Kaya Limited's shares (60.70%) are held by the promoters group. The rest is divided between the individual public (20.93%), foreign institutions (6.30%), Mutual Funds (3.63%), Body Corporate (5.65%) and others as on 7 August 2015.[21]
Indian investor and fund manager Porinju Veliyath, on behalf of his portfolio management firm Equity Intelligence India Ltd, bought a 5% stake in Kaya Limited on 8 June 2017.[22]