Nestlé India
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]
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Type | Public |
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ISIN | INE239A01016 |
Industry | Food processing |
Founded | 28 March 1959 |
Headquarters | Nestle House, Jacaranda Marg, 'M' Block, DLF City, Phase II, , |
Area served | India |
Key people |
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Products | [3] |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 7,649 [2] |
Parent | Nestlé (62.76%) [2][6] |
Website | https://www.nestle.in/ |
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 8 production facilities in various locations across India.[10]
History
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]
Production
Nestlé India currently has 8 manufacturing facilities across India. They are at:[2][12][10]
- Moga, Punjab
- Samalkha, Haryana
- Nanjangud, Karnataka
- Choladi, Tamil Nadu
- Ponda, Goa
- Bicholim, Goa
- Pantnagar, Uttarakhand
- Tahliwal, Himachal Pradesh
Controversy
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
- "Nestle India > Location Details > Food Processing > Location Details of Nestle India - BSE: 500790, NSE: NESTLEIND". www.moneycontrol.com. Retrieved 24 July 2020.
- MarketScreener. "NESTLÉ INDIA LIMITED : Shareholders Board Members Managers and Company Profile | INE239A01016 | MarketScreener". www.marketscreener.com. Retrieved 23 July 2020.
- India, Nestle. "investors documents" (PDF).
- "Nestle India Profit & Loss account, Nestle India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 24 July 2020.
- "Nestle India Balance Sheet, Nestle India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 24 July 2020.
- "Nestle India Shareholding Pattern - The Economic Times". economictimes.indiatimes.com. Retrieved 23 July 2020.
- "About Nestle India Ltd | Company information | capitalmarket". www.capitalmarket.com. Retrieved 23 July 2020.
- Company profile, Bloomberg. "Nestle India Ltd".
- "Nestle India History | Nestle India Information - The Economic Times". economictimes.indiatimes.com. Retrieved 23 July 2020.
- "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.
- "About Nestle India Ltd | Company information | capitalmarket". www.capitalmarket.com. Retrieved 23 July 2020.
- "Presence Across India". Nestlé. Retrieved 24 July 2020.
- DelhiJune 3, IndiaToday in New; June 3, 2015UPDATED:; Ist, 2015 17:20. "Maggi Controversy: Why it is being banned in India?". India Today. Retrieved 26 July 2020.CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
- N, Durgesh; Jun 4, an Jha / TNN / Updated:; 2015; Ist, 14:10. "Trouble mounts for Maggi: Delhi govt bans sale for 15 days | India News - Times of India". The Times of India. Retrieved 26 July 2020.CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
- Guest, Forbes. "When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice". Forbes. Retrieved 26 July 2020.
- "Subscribe to read | Financial Times". www.ft.com. Retrieved 26 July 2020. Cite uses generic title (help)
- "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.
- 13 Aug, Shibu Thomas / TNN / Updated:; 2015; Ist, 13:39. "Relief for Nestle, Bombay HC sets aside food regulator's ban on Maggi | India News - Times of India". The Times of India. Retrieved 26 July 2020.CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link)
- "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.