PROFILPELAJAR.COM

Nestlé India Limited
Company type	Public
Traded as	BSE: 500790; NSE: NESTLEIND; BSE SENSEX constituent; NSE NIFTY 50 constituent;
ISIN	INE239A01016
Industry	Food processing
Founded	28 March 1959 (65 years ago)
Headquarters	Nestle House, Jacaranda Marg, 'M' Block, DLF Phase II, Gurgaon, Haryana, India
Area served	India
Key people	Suresh Narayanan (CMD); David Steven McDaniel (CFO); Martin Roemkens (Executive Director);
Brands	Maggi; Nescafé; Cerelac; KitKat; Nestea; Polo; Milkybar; Milo; Gerber;
Revenue	₹19,247 crore (US$2.3 billion) (2023)
Operating income	₹4,044 crore (US$480 million) (2023)
Net income	₹2,998 crore (US$360 million) (2023)
Total assets	₹10,094 crore (US$1.2 billion) (2023)
Total equity	₹3,092 crore (US$370 million) (2023)
Number of employees	7,649
Parent	Nestlé (62.76%)
Website	nestle.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.^[6]^[2]^[3]

The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd.^[7]^[8] As of 2020, the parent company Nestlé owns 62.76% of Nestlé India.^[5] The company has 9 production facilities in various locations across India.^[9]

History

Nestlé India is one of the largest players in India's fast-moving consumer goods sector and has a long history in the country.^[10]

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, Bahamas.^[7]^[8]
The company built their first production facility in 1961 at Moga, in the Indian state of Punjab.^[6]^[11]
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.^[6]
In 1989, the company established a factory at Nanjangud in Karnataka.^[6]^[8]
The company entered the confectionery business in 1990 by introducing Nestlé premium chocolate.^[6]
In 1991, they started the production of soya based products through a joint venture with the BM Khaitan group.^[6]
In the year 1995 and 1997 Nestlé established two facilities in Goa at Ponda and Bicholim respectively.^[6]^[8]
In April 2000 they entered the liquid milk and iced tea markets.^[6]
2006 marked the year when the company set up its 7th factory at Pantnagar in Uttarakhand.^[6]
The company opened another plant in Karnataka in 2011 bringing up its total plants in India to eight.^[6]
In October 2020, Nestle India announced investment of ₹2,600 crore for a new plant at Sanand in Gujarat. Initial phase of production commenced from 1 October 2021.^[12]
In 2023, the company announced that it would set up a food processing unit at Mundamba in Odisha with an investment of ₹894 crore.^[13]

Production

Nestlé India currently has 9 manufacturing facilities across India. They are at:^[2]^[6]^[9]

Controversy

In June 2015, Nestlé India's instant noodles product Maggi 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.^[15]^[16]^[17] On 5 June 2015, Maggi noodles were banned nationwide by the Food Safety and Standards Authority of India.^[18] 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.^[19]^[18]^[20]^[21] Nestle was fined ₹45 lakh for the incident by the district administration.^[22] 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.^[23]^[24] Nestlé eventually cleared the Bombay High Court mandated lab tests and Maggi Noodles were allowed to be manufactured and sold again.^[25]