Zydus Wellness
Zydus Wellness (previously Carnation Nutra-Analogue Foods) is an Indian consumer goods company headquartered in Ahmedabad, which produces nutrition and skincare products. It is a subsidiary of the pharmaceutical company Zydus Lifesciences (formerly known as Cadila Healthcare). Its brands include Glucon-D, Sugar Free, EverYuth, Complan and Nycil. The company operates three manufacturing plants, one in Gujarat and 2 in Sikkim. History Carnation Nutra-Analogue Foods was founded in 1994 as a producer of dairy substitutes. Over the next decade, its margarine product Nutralite became the largest selling margarine brand in India. In 2006, Cadila Healthcare acquired a 14.96% stake in the company. Cadila's stake in the company increased to over 70% in 2008, after the merger of Cadila's consumer goods business, which included sugar substitute brand Sugar Free and EverYuth range of skincare products, into Carnation. The merged entity was then named as Zydus Wellness Limited in January 2009. In 2009, the company began manufacturing men's grooming and skincare products. In 2011, Zydus Wellness launched its milk additive brand Actilife. In 2017, Zydus Wellness developed stevia products as part of its sugar substitute business. In 2018, it launched its second sugar substitute brand called Sugarlite. In January 2019, Zydus Wellness acquired a part of Heinz India's business for , which included the health drink brand Complan, glucose-based energy drink additive Glucon D, talcum powder brand Nycil and Sampriti Ghee. It also took over Heinz India's manufacturing facilities in Aligarh and Sitarganj. In 2020, Zydus Wellness began making hand sanitisers and chocolate products. References Pharmaceutical industry of Gujarat Pharmaceutical companies of Gujarat Food and drink companies of India Cosmetics companies of India Manufacturing companies established in 1994 Health care companies of India Manufacturing companies based in Ahmedabad 1994 establishments in Gujarat Indian companies established in 1994 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange