Nestlé India
{{Short description|Indian subsidiary of Nestlé}}
{{Use Indian English|date=July 2020}}
{{Use dmy dates|date=September 2020}}
{{Infobox company
| name = Nestlé India Limited
| logo = Nestlé textlogo.svg
| logo_size = 200
| type = Public
| traded_as = {{ubl|{{BSE|500790}}
|{{NSE|NESTLEIND}}
|BSE SENSEX constituent
|NSE NIFTY 50 constituent}}
| ISIN = INE239A01016
| industry = Food processing
| founded = {{start date and years ago|1959|03|28|df=yes|p=yes}}
| hq_location = Nestle House, Jacaranda Marg, 'M' Block, DLF Phase II
| hq_location_city = Gurgaon, Haryana
| area_served = India
| key_people = {{ubl|Suresh Narayanan (CMD)|David Steven McDaniel (CFO)|Martin Roemkens (Executive Director)}}
| brands = {{hlist|Maggi|Nescafé|Cerelac|KitKat|Nestea|Polo|Milkybar|Milo|Gerber}}
| revenue = {{Increase}} {{INRConvert|20201|c}} (2025)
| operating_income = {{Increase}} {{INRConvert|4156|c}} (2025)
| net_income = {{Increase}} {{INRConvert|3207|c}} (2025)
| assets = {{Increase}} {{INRConvert|12193|c}} (2025)
| equity = {{Increase}} {{INRConvert|4010|c}} (2025)
| parent = Nestlé (62.76%)
| website = {{URL|https://www.nestle.in/|nestle.in}}
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.{{cite web |title=Consolidated Financial Results for the Quarter and Financial Year Ended 31st March 2025 |url=https://www.nestle.in/sites/g/files/pydnoa451/files/2025-04/Final-NSEBSEOutcomew.pdf |publisher=Nestle India |access-date=24 April 2025}}
}}
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.{{Cite web|last=MarketScreener|title=Nestlé India Limited: Shareholders Board Members Managers and Company Profile |url=https://www.marketscreener.com/NESTLE-INDIA-LIMITED-6493165/company/|access-date=23 July 2020|website=www.marketscreener.com|language=en}}{{Cite web|last=India|first=Nestle|date=|title=investors documents|url=https://www.nestle.in/sites/g/files/pydnoa451/files/investors/documents/analysts_meet_finance_nov_17_2014_upload_1.pdf|archive-url=|archive-date=|access-date=|website=}}
The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd.{{Cite web|last=Company profile|first=Bloomberg|date=|title=Nestle India Ltd|url=https://www.bloomberg.com/profile/company/NEST:IN|archive-url=|archive-date=|access-date=|website=Bloomberg News}}{{Cite web|title=Nestle India History {{!}} Nestle India Information |url=https://economictimes.indiatimes.com/nestle-india-ltd/infocompanyhistory/companyid-13330.cms|access-date=23 July 2020|website=economictimes.indiatimes.com}} As of 2020, the parent company Nestlé owns 62.76% of Nestlé India.{{Cite web|title=Nestle India Shareholding Pattern |url=https://economictimes.indiatimes.com/nestle-india-ltd/shareholding/companyid-13330.cms|access-date=23 July 2020|website=economictimes.indiatimes.com}} The company has 9 production facilities in various locations across India.
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.{{Cite news|title=Nestle India Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/nestle-india-175/information/company-history|access-date=24 July 2020}}
- 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.
- The company built their first production facility in 1961 at Moga, in the Indian state of Punjab.{{Cite web|title=About Nestle India Ltd {{!}} Company information {{!}} capitalmarket|url=https://www.capitalmarket.com/Company-Information/Information/About-Company/Nestle-India-Ltd/175|access-date=23 July 2020|website=www.capitalmarket.com}}{{Cite web|title=Presence Across India|url=https://www.nestle.in/aboutus/presenceacrossindia|access-date=24 July 2020|website=Nestlé|language=en}}
- 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.
- In 1989, the company established a factory at Nanjangud in Karnataka.
- The company entered the confectionery business in 1990 by introducing Nestlé premium chocolate.
- In 1991, they started the production of soya based products through a joint venture with the BM Khaitan group.
- In the year 1995 and 1997 Nestlé established two facilities in Goa at Ponda and Bicholim respectively.
- In April 2000 they entered the liquid milk and iced tea markets.
- 2006 marked the year when the company set up its 7th factory at Pantnagar in Uttarakhand.
- The company opened another plant in Karnataka in 2011 bringing up its total plants in India to eight.
- In October 2020, Nestle India announced investment of {{INR}}2,600 crore for a new plant at Sanand in Gujarat. Initial phase of production commenced from 1 October 2021.{{Cite news|title=Nestle India Ltd.|url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/56b9eae1-21a2-4a02-abb9-a75b46b00796.pdf|access-date=7 October 2021}}
- In 2023, the company announced that it would set up a food processing unit at Mundamba in Odisha with an investment of {{INR}}894 crore.{{cite news |title=Nestle India to set up Rs 894-crore Odisha food processing unit |url=https://www.cnbctv18.com/business/companies/nestle-india-to-set-up-rs-894-crore-food-processing-unit-in-odisha-17224871.htm |access-date=18 April 2024 |work=CNBC TV18 |date=14 July 2023 |language=en}}
Production
Nestlé India currently has 9 manufacturing facilities across India. They are at:{{Cite web|date=8 June 2015|title=All 8 Nestle plants under FSSAI scanner|url=https://indianexpress.com/article/business/business-others/all-8-nestle-plants-under-fssai-scanner/|access-date=24 July 2020|website=The Indian Express|language=en}}
- Moga, Punjab
- Samalkha, Haryana
- Nanjangud, Karnataka
- Choladi, Tamil Nadu
- Ponda, Goa
- Bicholim, Goa
- Pantnagar, Uttarakhand
- Tahliwal, Himachal Pradesh
- Sanand, Gujarat{{Cite news|title=Nestle India Ltd.|url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/56b9eae1-21a2-4a02-abb9-a75b46b00796.pdf|access-date=7 October 2021}}
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.{{Cite web|date=June 3, 2015|title=Maggi Controversy: Why it is being banned in India?|url=https://www.indiatoday.in/education-today/gk-current-affairs/story/maggi-controversy-why-it-is-being-banned-in-india-255448-2015-06-03|access-date=26 July 2020|website=India Today|language=en}}{{Cite web|last=Jha|first=Durgesh Nandan|date=June 4, 2015|title=Trouble mounts for Maggi: Delhi govt bans sale for 15 days|url=https://timesofindia.indiatimes.com/india/Trouble-mounts-for-Maggi-Delhi-govt-bans-sale-for-15-days/articleshow/47525207.cms|access-date=26 July 2020|website=The Times of India|language=en}}{{Cite web|last=Guest|first=Forbes|title=When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice|url=https://www.forbes.com/sites/forbesasia/2018/01/17/when-it-comes-to-putting-out-fires-nestle-indias-suresh-narayanan-is-no-novice/|access-date=26 July 2020|website=Forbes|language=en}} On 5 June 2015, Maggi noodles were banned nationwide by the Food Safety and Standards Authority of India.{{Cite web |last1=Kazmin |first1=Amy |last2=Brundsen |first2=Jim |date=August 13, 2015 |title=India court overturns Nestlé Maggi noodles ban |url=https://www.ft.com/content/b705b444-418b-11e5-9abe-5b335da3a90e |access-date=26 July 2020 |website=Financial Times}} 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.{{Cite web|title=Nestlé's Half-Billion-Dollar Noodle Debacle in India|url=https://fortune.com/longform/nestle-maggi-noodle-crisis/|access-date=26 July 2020|website=Fortune|language=en}}{{Cite web|date=14 August 2015|title=Ban on Maggi: High Court lifts ban, orders fresh tests within 6 weeks|url=https://indianexpress.com/article/india/india-others/ban-on-maggi-lifted-bombay-hc-orders-fresh-test-of-noodle-samples/|access-date=26 July 2020|website=The Indian Express|language=en}}{{Cite web|date=13 August 2015|first=Shibu |last=Thomas|title=Relief for Nestle, Bombay HC sets aside food regulator's ban on Maggi|url=https://timesofindia.indiatimes.com/india/Relief-for-Nestle-Bombay-HC-sets-aside-food-regulators-ban-on-Maggi/articleshow/48463583.cms|access-date=26 July 2020|website=The Times of India|language=en}} Nestle was fined ₹45 lakh for the incident by the district administration.{{Cite web|date=29 November 2017|title=Maggi controversy: Between 2015 and now|url=https://indianexpress.com/article/india/maggi-lab-test-fail-ban-uttar-pradesh-nestle-india-4960056/|access-date=26 July 2020|website=The Indian Express|language=en}} 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.{{Cite web|last=Mitra|first=Sounak|date=15 February 2017|title=The Maggi ban: How India's favourite two-minute noodles lost 80% market share|url=https://www.livemint.com/Companies/1JKHsutTXLWtTcVwdIDg0H/The-Maggi-ban-How-Indias-favourite-twominute-noodles-lost.html|access-date=26 July 2020|website=Livemint|language=en}}{{Cite web|last=Comcowich|first=William|date=4 October 2018|title=PR Crisis Management Lessons from the Nestlé Maggi Noodle Controversy|url=https://glean.info/pr-crisis-management-lessons-from-the-nestle-maggi-noodle-controversy/|access-date=26 July 2020|website=glean.info|language=en-US}} Nestlé eventually cleared the Bombay High Court mandated lab tests and Maggi Noodles were allowed to be manufactured and sold again.{{Cite web|date=17 October 2015|title=Maggi clears Bombay HC mandated lab tests: Nestle India|url=https://indianexpress.com/article/india/india-news-india/maggi-clears-bombay-hc-mandated-lab-tests-nestle-india/|access-date=26 July 2020|website=The Indian Express|language=en}} In March 2025, SEBI warned Nestle India over breach of insider trading regulations.{{Cite news |date=March 7, 2025 |title=Sebi warns Nestle India over breach of insider trading regulations |url=https://www.business-standard.com/markets/news/sebi-warns-nestle-india-over-breach-of-insider-trading-regulations-125030700772_1.html |url-status=live}}
References
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External links
- {{official website}}
{{Nifty 200 companies}}
{{Nestlé}}
{{S&P CNX Nifty companies}}
{{BSE Sensex}}
{{DEFAULTSORT:Nestle India}}
Category:Indian companies established in 1959
Category:Indian subsidiaries of foreign companies
Category:1959 establishments in East Punjab
Category:Companies listed on the National Stock Exchange of India