Nestlé India
Company type | Public |
---|---|
| |
ISIN | INE239A01016 |
Industry | Food processing |
Founded | 28 March 1959 |
Headquarters | Nestle House, Jacaranda Marg, 'M' Block, DLF Phase II, , India[1] |
Area served | India |
Key people |
|
Brands | |
Revenue | ₹19,247 crore (US$2.3 billion) (2023)[4] |
₹4,044 crore (US$480 million) (2023)[4] | |
₹2,998 crore (US$360 million) (2023)[4] | |
Total assets | ₹10,094 crore (US$1.2 billion) (2023)[4] |
Total equity | ₹3,092 crore (US$370 million) (2023)[4] |
Number of employees | 7,649[2] |
Parent | Nestlé (62.76%)[2][5] |
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
[edit]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
[edit]Nestlé India currently has 9 manufacturing facilities across India. They are at:[2][6][9]
- Moga, Punjab
- Samalkha, Haryana
- Nanjangud, Karnataka
- Choladi, Tamil Nadu
- Ponda, Goa
- Bicholim, Goa
- Pantnagar, Uttarakhand
- Tahliwal, Himachal Pradesh
- Sanand, Gujarat[14]
Controversy
[edit]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
[edit]- ^ "Nestle India > Location Details > Food Processing > Location Details of Nestle India - BSE: 500790, NSE: NESTLEIND". www.moneycontrol.com. Retrieved 24 July 2020.
- ^ a b c d e MarketScreener. "Nestlé India Limited: Shareholders Board Members Managers and Company Profile". www.marketscreener.com. Retrieved 23 July 2020.
- ^ a b India, Nestle. "investors documents" (PDF).
- ^ 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.
- ^ a b "Nestle India Shareholding Pattern". economictimes.indiatimes.com. Retrieved 23 July 2020.
- ^ 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.
- ^ a b Company profile, Bloomberg. "Nestle India Ltd". Bloomberg News.
- ^ a b c d "Nestle India History | Nestle India Information". economictimes.indiatimes.com. Retrieved 23 July 2020.
- ^ a b "All 8 Nestle plants under FSSAI scanner". The Indian Express. 8 June 2015. Retrieved 24 July 2020.
- ^ "Nestle India Ltd". Business Standard India. Retrieved 24 July 2020.
- ^ "Presence Across India". Nestlé. Retrieved 24 July 2020.
- ^ "Nestle India Ltd" (PDF). Retrieved 7 October 2021.
- ^ "Nestle India to set up Rs 894-crore Odisha food processing unit". CNBC TV18. 14 July 2023. Retrieved 18 April 2024.
- ^ "Nestle India Ltd" (PDF). Retrieved 7 October 2021.
- ^ "Maggi Controversy: Why it is being banned in India?". India Today. 3 June 2015. Retrieved 26 July 2020.
- ^ 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.
- ^ Guest, Forbes. "When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice". Forbes. Retrieved 26 July 2020.
- ^ a b Kazmin, Amy; Brundsen, Jim (13 August 2015). "India court overturns Nestlé Maggi noodles ban". Financial Times. Retrieved 26 July 2020.
- ^ "Nestlé's Half-Billion-Dollar Noodle Debacle in India". Fortune. Retrieved 26 July 2020.
- ^ "Ban on Maggi: High Court lifts ban, orders fresh tests within 6 weeks". The Indian Express. 14 August 2015. Retrieved 26 July 2020.
- ^ 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.
- ^ "Maggi controversy: Between 2015 and now". The Indian Express. 29 November 2017. Retrieved 26 July 2020.
- ^ Mitra, Sounak (15 February 2017). "The Maggi ban: How India's favourite two-minute noodles lost 80% market share". Livemint. Retrieved 26 July 2020.
- ^ Comcowich, William (4 October 2018). "PR Crisis Management Lessons from the Nestlé Maggi Noodle Controversy". glean.info. Retrieved 26 July 2020.
- ^ "Maggi clears Bombay HC mandated lab tests: Nestle India". The Indian Express. 17 October 2015. Retrieved 26 July 2020.