Lykis Limited, originally incorporated as Greenline Tea & Exports Ltd on October 15, 1984, is a diversified company primarily involved in the export of FMCG, cosmetics, and other products. Initially focused on tea cultivation and marketing, it underwent significant expansion and diversification in the mid-1990s. Despite facing challenges in the tea market during 1999-2000, the company maintained profitability. In 2012, the company rebranded as Lykis Limited and expanded its portfolio by acquiring significant stakes in Lykis Pharma Pvt Ltd and Jin-X Marketing Pvt Ltd, turning them into subsidiaries.
The company further diversified its operations in 2013 by entering the FMCG sector, including food, pharmaceuticals, and cosmetics, which led to a substantial increase in its turnover. However, in 2018, Lykis Limited divested its holdings in Lykis Confectioners Private Limited, Lyfresh Private Limited, and Lykis Soaps Private Limited, ceasing their association with these entities. This evolution highlights Lykis Limited's strategic focus on expanding and optimizing its business operations within the FMCG sector.
