Additionally, the ED has confirmed that the Metropolitan Sessions Judge cum Special Court (PMLA) in Hyderabad has acknowledged the Prosecution Complaint on November 20, marking the initiation of legal action.
Amway India CHRO Shantanu Das talks about the company’s hiring plans, work models, attrition level, and his take on moonlighting.
The Enforcement Directorate (ED) on April 19 accused Amway India of running a “multi-level marketing (MLM) scam” and attached its assets worth Rs 757.77 crore. This is not the first time that Amway India has been accused of running a ‘pyramid scheme’. Read on to understand how direct selling is different from pyramid schemes and why has the ED attached Amway India’s assets?
Amway has been running a "multi-level marketing scam", offering products whose rates are "exorbitant" as compared to the alternative popular products available in the open market, the federal agency said.
After associating with Domino's, the athlete has now been brought on board by Amway, an FMCG direct selling company, as its brand ambassador for its Nutrilite range.
Direct seller firm witnesses increase in online sales from 33.6 percent in February 2020 to over 70 percent in September 2020. Before lockdown in March, the company had executed 1 lakh deliveries, accounting for 40 percent of total sales count.
Apart from the air-purifier category, Amway India is also present in the cookware space in India.
Rajat Banerji, Vice President, Corporate Affairs, Amway India and James A Raphael, Executive Head, RASCI signed the MoU in presence of Union Skill Develoment and Enterpreneurship Minister Dharmendra Pradhan at a function on the occasion of the 3rd anniversary of 'Skill India' here.
The company is targeting to capture a sizeable pie of the fast-growing kids' oral care market in India which is pegged at Rs 290 crore, growing at a CAGR of 19 percent over last five years
The library, opened at Bhima Bhoi School for the Blind here today, will offer braille versions of a variety of books, journals and CDs ranging from academic books, fiction, self-help, general knowledge to benefit of over 85 visually impaired students who have limited access to books.
G S Cheema, Sr. Vice President, North & East, Amway India, said, the company has plans to open 50 such stores across the country by 2018 and have already launched 32 stores including one here.
The largest direct marketing company Amway India today announced its entry into the consumer durables space with a premium cookware range under the label of Amway Queen.
Direct selling firm Amway India has forayed into premium cookware range with the launch of its 'Amway Queen' brand, targeting Rs 100 crore revenue from the new category this year.
Amway India launched its Brand Experience Centre in Patna, the first of its kind in the twin states of Bihar and Jharkhand on July 9
Amway India's Vice President - East Diptarag Bhattacharjee expressed confidence that the new beauty store would help the company expand its business interests in the state.
"The cabinet has approved the Consumer Protection Bill 2015. The new Bill provides for establishment of a Central Consumer Protection Authority with power to investigate recall goods found to be unsafe," Nadda said.
The facility is expected to be more stringent in adopting environmental and quality standards following sustainable and energy efficiency practices, it said. "We are planning to invest Rs 550 crore in this key facility (Nillakottai) which will add to the manufacturing capability of Amway in India.
Direct selling FMCG major Amway India today said it will set up its first manufacturing facility in the country in Tamil Nadu at an estimated investment of Rs 550 crore.
Direct selling FMCG company Amway India today said it will set up a manufacturing facility in India at an investment of Rs 400 crore to produce nutrition and beauty brands.
Direct selling major Amway India today said it is eyeing total turnover of Rs 2,500 crore in 2012, up by 17% over last year's sales as it will continue to focus on health and beauty segment to propel its sales.
Targetting Rs 2,500 crore turnover in the current fiscal (2012), Amway India, wholly owned subsidiary of USA-based Amway Corporation, was performing well with the eastern region registering fastest growth during the current year.
Leading direct selling FMCG company Amway India said it is aiming a turnover of Rs 2,500 crore in the current fiscal.
Targeting to achieve the Rs 2500 crore mark next year, Amway India, the country’s largest direct selling Fast Moving Consumer Goods (FMCG) company, is planning to set up its own manufacturing facility in India.
Direct selling FMCG company, Amway India, plans to add new products to further strengthen its cosmetics and nutrition & wellness portfolios to maintain dominance in the direct selling FMCG market, reports The Economic Times.
Amway India, one of the leading direct selling FMCG companies in the country, is looking at a possibility to export to neighbouring countries from India in the long run, reports Business Standard quoting source close to company.