 | |
| Company type | Public |
|---|---|
|
| |
| ISIN | INE239A01016 |
| Industry | Food processing |
| Founded | 28 March 1959 (65 years ago) (1959-03-28) |
| Headquarters | Nestle House, Jacaranda Marg, 'M' Block, DLF Phase II,
,
India[1]
|
Area served | India |
Key people |
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| Brands |
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| 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]
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 currently has 9 manufacturing facilities across India. They are at:[2][6][9]
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]
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