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Nestlé India

From Wikipedia, the free encyclopedia

Nestlé India Limited
Company typePublic
ISININE239A01016
IndustryFood processing
Founded28 March 1959 (65 years ago) (1959-03-28)
HeadquartersNestle House, Jacaranda Marg, 'M' Block, DLF Phase II,
Gurgaon, Haryana
,
India[1]
Area served
India
Key people
Brands
RevenueIncrease ₹19,247 crore (US$2.3 billion) (2023)[4]
Increase ₹4,044 crore (US$480 million) (2023)[4]
Increase ₹2,998 crore (US$360 million) (2023)[4]
Total assetsIncrease ₹10,094 crore (US$1.2 billion) (2023)[4]
Total equityIncrease ₹3,092 crore (US$370 million) (2023)[4]
Number of employees
7,649[2]
ParentNestlé (62.76%)[2][5]
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.[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

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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

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

  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[14]

Controversy

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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]

References

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  1. ^ "Nestle India > Location Details > Food Processing > Location Details of Nestle India - BSE: 500790, NSE: NESTLEIND". www.moneycontrol.com. Retrieved 24 July 2020.
  2. ^ a b c d e MarketScreener. "Nestlé India Limited: Shareholders Board Members Managers and Company Profile". www.marketscreener.com. Retrieved 23 July 2020.
  3. ^ a b India, Nestle. "investors documents" (PDF).
  4. ^ a b c d e "Unaudited Financial Results for the fourth quarter and twelve months ended 31st December 2023" (PDF). Nestle India. Retrieved 18 April 2024.
  5. ^ a b "Nestle India Shareholding Pattern". economictimes.indiatimes.com. Retrieved 23 July 2020.
  6. ^ a b c d e f g h i j k "About Nestle India Ltd | Company information | capitalmarket". www.capitalmarket.com. Retrieved 23 July 2020.
  7. ^ a b Company profile, Bloomberg. "Nestle India Ltd". Bloomberg News.
  8. ^ a b c d "Nestle India History | Nestle India Information". economictimes.indiatimes.com. Retrieved 23 July 2020.
  9. ^ a b "All 8 Nestle plants under FSSAI scanner". The Indian Express. 8 June 2015. Retrieved 24 July 2020.
  10. ^ "Nestle India Ltd". Business Standard India. Retrieved 24 July 2020.
  11. ^ "Presence Across India". Nestlé. Retrieved 24 July 2020.
  12. ^ "Nestle India Ltd" (PDF). Retrieved 7 October 2021.
  13. ^ "Nestle India to set up Rs 894-crore Odisha food processing unit". CNBC TV18. 14 July 2023. Retrieved 18 April 2024.
  14. ^ "Nestle India Ltd" (PDF). Retrieved 7 October 2021.
  15. ^ "Maggi Controversy: Why it is being banned in India?". India Today. 3 June 2015. Retrieved 26 July 2020.
  16. ^ 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.
  17. ^ Guest, Forbes. "When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice". Forbes. Retrieved 26 July 2020.
  18. ^ a b Kazmin, Amy; Brundsen, Jim (13 August 2015). "India court overturns Nestlé Maggi noodles ban". Financial Times. Retrieved 26 July 2020.
  19. ^ "Nestlé's Half-Billion-Dollar Noodle Debacle in India". Fortune. Retrieved 26 July 2020.
  20. ^ "Ban on Maggi: High Court lifts ban, orders fresh tests within 6 weeks". The Indian Express. 14 August 2015. Retrieved 26 July 2020.
  21. ^ 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.
  22. ^ "Maggi controversy: Between 2015 and now". The Indian Express. 29 November 2017. Retrieved 26 July 2020.
  23. ^ Mitra, Sounak (15 February 2017). "The Maggi ban: How India's favourite two-minute noodles lost 80% market share". Livemint. Retrieved 26 July 2020.
  24. ^ Comcowich, William (4 October 2018). "PR Crisis Management Lessons from the Nestlé Maggi Noodle Controversy". glean.info. Retrieved 26 July 2020.
  25. ^ "Maggi clears Bombay HC mandated lab tests: Nestle India". The Indian Express. 17 October 2015. Retrieved 26 July 2020.
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