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$2.4 billion) (2023) [4] |
₹4,044 crore (US$510 million) (2023) [4] | |
₹2,998 crore (US$380 million) (2023) [4] | |
Total assets | ₹10,094 crore (US$1.3 billion) (2023) [4] |
Total equity | ₹3,092 crore (US$390 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]
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$2.4 billion) (2023) [4] |
₹4,044 crore (US$510 million) (2023) [4] | |
₹2,998 crore (US$380 million) (2023) [4] | |
Total assets | ₹10,094 crore (US$1.3 billion) (2023) [4] |
Total equity | ₹3,092 crore (US$390 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]