Wipro Consumer Care to Acquire 60% Stake in Dermatouch Brand for 387.5 Crore Rupees
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Wipro Consumer Care to Acquire 60% Stake in Dermatouch Brand for 387.5 Crore Rupees

Wipro Consumer Care and Lighting announced on Tuesday plans to acquire a sixty percent stake in the premium skincare brand Dermatouch for a corporate value of 387.5 crore rupees. The company also plans to acquire the remaining 40 percent over the next three years.

This acquisition is the eighteenth for Wipro Consumer Care and Lighting. Kumar Chander, CEO of Wipro Consumer Care & Lighting and MD of Wipro Enterprises, noted that Dermatouch presents an exciting opportunity for the company in its first step into digital brands. He emphasized that they were only considering digital brands with potential for offline expansion, which Dermatouch has already demonstrated.

Kumar Chander added that the company sees significant potential for further scaling the brand by combining its innovative approach with Wipro's capabilities. He also welcomed Anish and Amit to the Wipro family and expressed hope for a joint next stage of growth.

According to data, Dermatouch's revenue was 131 crore rupees in the fiscal year 2026 (FY26), showing a growth of 114 percent compared to FY25. During the three years while Wipro completes the acquisition, the business will continue to be run by Anish Nagpal, Amit Purswani, and the current management team of Dermatouch.

Anish Nagpal and Amit Purswani, co-founders of Dermatouch, stated that the partnership with Wipro is a monumental milestone in the brand's history. They noted that Dermatouch's mission since its inception has been to create a reliable, science-backed skincare brand focused on solving real consumer problems. They believe that Wipro's legacy of trust, consumer-centric philosophy, and long-standing experience in building and scaling successful global brands make it the ideal partner for Dermatouch's next phase of development.

According to the co-founders, Wipro's extensive distribution network and deep research capabilities will elevate Dermatouch to a new level and transform it into a truly global brand. This announcement also follows Wipro Consumer Care & Lighting's recent acquisitions of Good Home and Eva from TTK Healthcare, as well as S brands in the Philippines.

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Adani Infra acquired 1.03% of Adani Green Energy shares for 2380 crore rupees
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Adani Infra acquired 1.03% of Adani Green Energy shares for 2380 crore rupees

Adani Infra (India) Ltd, a subsidiary of the Adani Green Energy Ltd promoter group, purchased 1.03 percent of the company's shares for 2,380 crore rupees, according to block deal data on the NSE.

Adani Infra (India) Ltd acquired 1.7 crore shares, representing a 1.03 percent stake in Adani Green Energy Ltd (AGEL). These transactions took place on Monday at an average price of 1,400 rupees per share, totaling 2,380 crore rupees.

The seller was Ardour Investment Holding Ltd, another promoter entity of AGEL, which sold the same number of shares at the same price, according to available data.

Following the transaction, Adani Infra's stake in the renewable energy company increased from 1.31 percent to 2.34 percent. Meanwhile, Ardour Investment Holding Ltd's stake decreased from 5.04 percent to 4.01 percent.

After this transaction, Adani Green Energy Ltd (AGEL) shares rose by 1.48 percent and traded at 1,415.60 rupees on the National Stock Exchange (NSE).

Market participants noted that this deal did not change the total promoter holding of the company, as the stake was transferred between two entities of the same promoter group.

This recent acquisition occurred less than two months after Adani Infra bought 2.15 crore equity shares or a 1.31 percent stake in Adani Green Energy from Ardour Investment Holding Ltd for 3,246 crore rupees through open market operations in June.

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