GIVING BACK TO SOCIETY IS WHAT KEEPS HAMDARD RELEVANT: HAMID AHMED
Outlook Business|August 2023
Hamdard, meaning a companion in pain, made a humble beginning in 1906 as a small affordable Unani clinic. Less than half a century later, it was converted into a trust, with a pledge to use profits for charitable purposes. Hamid Ahmed, who is the great-grandson of founder Hakeem Abdul Majeed, and CEO and trustee of Hamdard Laboratories India (Food Division), tells Rajat Mishra about the company's expansion plans, strategies and hopes for newly launched and upcoming products
Rajat Mishra
GIVING BACK TO SOCIETY IS WHAT KEEPS HAMDARD RELEVANT: HAMID AHMED

How has Brand Hamdard stayed relevant over the last 100 years?

It is because of our philosophy of providing quality products to the masses at an affordable price. We have always stayed true to that mission. That is one of our core focus areas, and we have been very successful. This has been proven with Rooh Afza, which is not only the highest selling, but also the most economical, sharbat in that category. It is also known for having the most number of ingredients in that category. Others use synthetic products. They use just sugar and colour. But we use ingredients such as mint, rose petals, orange juice, pineapple juice and cloves.

Our motive is also to earn profits, but how to use these profits is equally important. We provide the best quality of products at an affordable price. And, we use our profits differently. We give away 85% of the profits that we earn in charity. This is, again, a point of relevance.

We have been building institutions. We have built a university, a couple of schools, cultural institutes and skill development institutes from the profits that we have earned from selling Hamdard products all through these years. We have managed to stay relevant because of this model.

How has Hamdard's journey been so far?

Hamdard was started by my great-grandfather Hakeem Abdul Majeed in 1906 in old Delhi. It was a proprietorship company at that time. Unfortunately, he died in 1921. So, his wife, who was my great-grandmother, and her two sons (my grandfather and his younger brother) formed a partnership in the business.

Denne historien er fra August 2023-utgaven av Outlook Business.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra August 2023-utgaven av Outlook Business.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA OUTLOOK BUSINESSSe alt
Adani After Hindenburg 2.0
Outlook Business

Adani After Hindenburg 2.0

In the days following Hindenburg's second shot at Gautam Adani, this time with Sebi chief Madhabi Puri Buch in the mix, Adani stocks held steady. But the trust of institutional investors remains to be regained

time-read
4 mins  |
September 2024
Where Are The Jobs?
Outlook Business

Where Are The Jobs?

India is staring at a crisis: the cohort of unemployed is growing. But the problem is deeper than mere lack of jobs. So Sitharaman's solutions in Budget 2024 will not be the silver bullet for the crisis

time-read
10+ mins  |
September 2024
'STAINLESS STEEL SECTOR PROJECTED TO GROW AT 8-9%"
Outlook Business

'STAINLESS STEEL SECTOR PROJECTED TO GROW AT 8-9%"

Stainless steel, known for its resistance to corrosion, recyclability and strength, has found its applications across sectors-from kitchen utensils to towering skyscrapers. Abhyuday Jindal, MD, Jindal Stainless discusses five drivers of growth in the stainless-steel sector of India

time-read
1 min  |
September 2024
Harnessing Technology for India's Sporting Future: Insights from IITM
Outlook Business

Harnessing Technology for India's Sporting Future: Insights from IITM

We wanted to bring the rigour of IIT Madras to revolutionise the field of sports as well. We wanted to use the core strengths of IIT Madras - high quality research and development as well as teaching.

time-read
7 mins  |
September 2024
Dream11: Driving Fan Engagement and Innovation
Outlook Business

Dream11: Driving Fan Engagement and Innovation

Dream11, founded by sports enthusiasts Harsh Jain and Bhavit Sheth, has grown into the world's largest fantasy sports platform by focusing on personalisation, innovation, and a deep understanding of user needs. In an exclusive interview with Outlook Business, Rahul Mirchandani, Chief Product Officer at Dream11 & Dream Sports, speaks about the company's unique approach to product development and user engagement. With over 220 million users, Dream11 emphasises personalisation, user engagement, and cutting-edge technology.

time-read
4 mins  |
September 2024
Sports Science Holds The Key to Olympic Wins
Outlook Business

Sports Science Holds The Key to Olympic Wins

Director-in-charge and Head of National Centre for Sports Science and Research (NCSSR) Dr. Bibhu Kalyan Nayak speaks to Outlook on the importance of sports science in modern-day sports training.

time-read
5 mins  |
September 2024
Baller Athletik: Pioneering the Future of Sportswear Technology
Outlook Business

Baller Athletik: Pioneering the Future of Sportswear Technology

How Baller Athletik is enhancing athletic performance and recovery with simple, yet powerful wearable tech.

time-read
2 mins  |
September 2024
Integrating Technology and Hands-on Training: The Future of Sports Education in India
Outlook Business

Integrating Technology and Hands-on Training: The Future of Sports Education in India

The first-ever Sports Tech Conclave in India highlighted the importance of combining e-learning with practical experience to shape the future of sports education.

time-read
3 mins  |
September 2024
PASSING ON THE LEGACY
Outlook Business

PASSING ON THE LEGACY

It is hard to achieve worklife balance if you are running a family business. For George Alexander Muthoot, managing director of Muthoot Finance, board meetings are the way to spend time with family

time-read
3 mins  |
September 2024
Pioneering a Sports Revolution: A Deep Dive into SFA's Vision and Impact on Indian Youth
Outlook Business

Pioneering a Sports Revolution: A Deep Dive into SFA's Vision and Impact on Indian Youth

In an exclusive conversation, the founders of Sports For All (SFA) share their journey of transforming grassroots sports in India. Rishikesh Joshi, a national-level swimmer, and his co-founder Vishwas Choksi, driven by their shared passion for sports, launched SFA with the vision of making sports accessible and enjoyable for every child in the country. From leveraging cutting-edge technology to ensuring inclusivity, SFA is not just nurturing future champions but also revolutionizing the sports landscape in India. This discussion delves into their inspiration, the rapid growth of SFA, and their ambitious goals for the future, shedding light on how they are shaping the next generation of Indian athletes.

time-read
4 mins  |
September 2024