Marico is an Indian consumer goods company founded in 1987 and headquartered in Mumbai. It produces beauty and wellness products including hair oils, edible oils, and personal care items. Marico owns several leading brands in India such as Parachute coconut oil, Saffola edible oil, and Hair & Care hair oil. Parachute has over 50% market share in India's coconut oil category and is the top-selling brand. Marico focuses on marketing its products affordably to mass consumers through retail stores and television, print, and digital advertising.