Nestlé India

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Nestlé India Limited
Traded as
ISININE239A01016
IndustryFood processing
Founded28 March 1959 (64 years ago) (1959-03-28)
HeadquartersNestle House, Jacaranda Marg, 'M' Block, DLF City, Phase II,
Gurgaon, Haryana
,
India[1]
Area served
India
Key people
[2]
Products
[3]
RevenueIncrease ₹12,615.78 crore (US$1.8 billion)[4] (2019)
Increase ₹2,674.99 crore (US$380 million) [4] (2019)
Increase ₹1,969.55 crore (US$280 million) [4] (2019)
Total assetsDecrease ₹7,058.20 crore (US$990 million)[5] (2019)
Total equityDecrease ₹1,932.26 crore (US$270 million) [5] (2019)
Number of employees
7,649 [2]
ParentNestlé (62.76%) [2][6]
Websitenestle.in

Nestlé India Limited is the Indian subsidiary of Nestlé which is a Swiss multinational company. The company is headquartered in Gurgaon, Haryana. The company's products include food, beverages, chocolate, and confectioneries.[7][2][3]

The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd.[8][9] As of 2020, the parent company Nestlé owns 62.76% of Nestlé India.[6] The company has 9 production facilities in various locations across India.[10]

History[edit]

Nestlé India is one of the largest players in India's Fast-moving consumer goods segment and has a long history in the country.[11]

  • Nestlé India Limited was incorporated at New Delhi on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a wholly owned subsidiary, Nestle Holdings Ltd., Nassau, Bahama Islands.[8][9]
  • The company built their first production facility in 1961 at Moga, in the Indian state of Punjab.[12][13]
  • Nestlé's second plant was set up at Choladi in Tamil Nadu, the plant was built primarily to process the tea grown in the area.[12]
  • In 1989, the company established a factory at Nanjangud in Karnataka.[12][9]
  • The company entered the confectionery business in 1990 by introducing Nestlé premium chocolate.[12]
  • In 1991, they started the production of soya based products through a joint venture with the BM Khaitan group.[12]
  • In the year 1995 and 1997 Nestlé established two facilities in Goa at Ponda and Bicholim respectively.[12][9]
  • In April 2000 they entered the liquid milk and iced tea markets.[12]
  • 2006 marked the year when the company set up its 7th factory at Pantnagar in Uttarakhand.[12]
  • The company opened another plant in Karnataka in 2011 bringing up its total plants in India to eight.[12]
  • In October 2020, Nestle India announced investment of Rs. 2,600 crores for a new plant at Sanand in Gujarat

Production[edit]

Nestlé India currently has 8 manufacturing facilities across India and 1 under construction. They are at:[2][12][10]

  1. Moga, Punjab
  2. Samalkha, Haryana
  3. Nanjangud, Karnataka
  4. Choladi, Tamil Nadu
  5. Ponda, Goa
  6. Bicholim, Goa
  7. Pantnagar, Uttarakhand
  8. Tahliwal, Himachal Pradesh
  9. Sanand, Gujarat (under construction)

Controversy[edit]

In June 2015, Nestlé India's instant noodles product 'Maggi Noodles' was banned by the Government of Delhi for a 15 day period after lead and monosodium glutamate in samples of the product were found to be beyond permissible limits.[14][15][16] On 5 June 2015 Maggi noodles were banned nationwide by the Food Safety and Standards Authority of India.[17] The ban was overturned on 13 August 2015 following the Bombay High Court's order and samples of Maggi Noodles were ordered to be retested within 6 weeks by three labs authorized by the National Accreditation Board for Testing and Calibration Laboratories.[18][17][19][20] Nestle was fined ₹45 lakh for the incident by the district administration.[21] Between 5 June 2015 when the noodles were first banned and 1 September 2015, Nestlé recalled 38,000 tonnes of Maggi Noodles from stores and incinerated them at 11 cement plants across India.[22][23] Nestlé eventually cleared the Bombay High Court mandated lab tests and Maggi Noodles were allowed to be manufactured and sold again.[24]

References[edit]

  1. ↑ "Nestle India > Location Details > Food Processing > Location Details of Nestle India - BSE: 500790, NSE: NESTLEIND". www.moneycontrol.com. Retrieved 24 July 2020.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 MarketScreener. "Nestlé India Limited: Shareholders Board Members Managers and Company Profile". www.marketscreener.com. Retrieved 23 July 2020.
  3. ↑ 3.0 3.1 India, Nestle. "investors documents" (PDF).{{cite web}}: CS1 maint: url-status (link)
  4. ↑ 4.0 4.1 4.2 "Nestle India Profit & Loss account, Nestle India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 24 July 2020.
  5. ↑ 5.0 5.1 "Nestle India Balance Sheet, Nestle India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 24 July 2020.
  6. ↑ 6.0 6.1 "Nestle India Shareholding Pattern". economictimes.indiatimes.com. Retrieved 23 July 2020.
  7. ↑ "About Nestle India Ltd | Company information | capitalmarket". www.capitalmarket.com. Retrieved 23 July 2020.
  8. ↑ 8.0 8.1 Company profile, Bloomberg. "Nestle India Ltd".{{cite web}}: CS1 maint: url-status (link)
  9. ↑ 9.0 9.1 9.2 9.3 "Nestle India History | Nestle India Information". economictimes.indiatimes.com. Retrieved 23 July 2020.
  10. ↑ 10.0 10.1 "All 8 Nestle plants under FSSAI scanner". The Indian Express. 8 June 2015. Retrieved 24 July 2020.
  11. ↑ "Nestle India Ltd". Business Standard India. Retrieved 24 July 2020.
  12. ↑ 12.0 12.1 12.2 12.3 12.4 12.5 12.6 12.7 12.8 12.9 "About Nestle India Ltd | Company information | capitalmarket". www.capitalmarket.com. Retrieved 23 July 2020.
  13. ↑ "Presence Across India". Nestlé. Retrieved 24 July 2020.
  14. ↑ "Maggi Controversy: Why it is being banned in India?". India Today. 3 June 2015. Retrieved 26 July 2020.
  15. ↑ Jha, Durgesh Nandan (4 June 2015). "Trouble mounts for Maggi: Delhi govt bans sale for 15 days". The Times of India. Retrieved 26 July 2020.
  16. ↑ Guest, Forbes. "When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice". Forbes. Retrieved 26 July 2020.
  17. ↑ 17.0 17.1 "Subscribe to read | Financial Times". www.ft.com. Retrieved 26 July 2020. {{cite web}}: Cite uses generic title (help)
  18. ↑ "Nestlé's Half-Billion-Dollar Noodle Debacle in India". Fortune. Retrieved 26 July 2020.
  19. ↑ "Ban on Maggi: High Court lifts ban, orders fresh tests within 6 weeks". The Indian Express. 14 August 2015. Retrieved 26 July 2020.
  20. ↑ Thomas, Shibu (13 August 2015). "Relief for Nestle, Bombay HC sets aside food regulator's ban on Maggi". The Times of India. Retrieved 26 July 2020.
  21. ↑ "Maggi controversy: Between 2015 and now". The Indian Express. 29 November 2017. Retrieved 26 July 2020.
  22. ↑ Mitra, Sounak (15 February 2017). "The Maggi ban: How India's favourite two-minute noodles lost 80% market share". Livemint. Retrieved 26 July 2020.
  23. ↑ Comcowich, William (4 October 2018). "PR Crisis Management Lessons from the Nestlé Maggi Noodle Controversy". glean.info. Retrieved 26 July 2020.
  24. ↑ "Maggi clears Bombay HC mandated lab tests: Nestle India". The Indian Express. 17 October 2015. Retrieved 26 July 2020.

External links[edit]

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