Who owns Forest Essentials (a company based in India that manufactures, markets and sells Ayurvedic skin care and other products)

Forest Essentials (a company based in India that manufactures, markets and sells Ayurvedic skin care and other products) - Profile

Forest Essentials is an Indian beauty company founded in 2000 by Mira Kulkarni and headquartered in New Delhi. It formulates and manufactures skin care, hair care, bath and body products based on Ayurvedic preparations, running its own research, botanical sourcing and in-house manufacturing rather than outsourcing production. The company sells through nearly 200 freestanding stores, concentrated in India with outlets in markets including the United Kingdom and the Gulf, alongside its own e-commerce site and third party retail. Euromonitor data cited by its partner ranks it as the top brand in prestige skin care in India.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• The Estée Lauder Companies Inc. (Estee Lauder). FY2025 10-K (filed 20 Aug 2025), Business section: 'We have several minority investments including a company based in India that manufactures, markets and sells Ayurvedic skin care and other products under the Forest Essentials brand name, primarily in India.' This is one of several minority investments made 'From time to time... mainly in the beauty industry, including through our New Incubation Ventures, the strategic early-stage investment and incubation arm of our Company.' No ownership percentage, share count, or dollar value is disclosed for Forest Essentials specifically anywhere in the FY2025 10-K or the FY2026 Q3 10-Q. Note 1 (Summary of Significant Accounting Policies) states that equity securities without readily determinable fair values are carried at cost less impairment, and that 'Collectively, these investments were not material to the Company's consolidated financial statements as of June 30, 2025 and 2024 and are included in Other assets in the accompanying consolidated balance sheets': this is a combined balance covering multiple unnamed minority investments (Other assets totalled $1,805m at 30 Jun 2025 and $1,460m at 30 Jun 2024, covering operating lease ROU assets, non-current deferred tax assets, and other items alongside these investments), so no individual dollar figure can be attributed to Forest Essentials from that balance. Separately, the FY2026 Q3 10-Q (filed 1 May 2026) states that interest and investment income for the three and nine months ended 31 Mar 2026 was reduced by 'the impact of the impairment of a cost method minority investment' (no name or dollar amount given), which may or may not relate to this same holding. All numeric fields are left null per the brief's rule against inventing figures; the position itself (existence, target name, private status, minority/non-controlling nature) is filed and real. sourcesource 2