Nestlé India Explained

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.^{[3] [4]}

The company was incorporated on 28 March 1959 and was promoted by Nestle Alimentana S.A. via a subsidiary, Nestle Holdings Ltd.^{[5] [6]} As of 2020, the parent company Nestlé owns 62.76% of Nestlé India.^[7] 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.^[8]

• 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.^{[9] [10]}
• 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 2,600 crore for a new plant at Sanand in Gujarat. Initial phase of production commenced from 1 October 2021.^[11]
• In 2023, the company announced that it would set up a food processing unit at Mundamba in Odisha with an investment of 894 crore.^[12]

Production

Nestlé India currently has 9 manufacturing facilities across India. They are at:^[13]

1. Moga, Punjab
2. Samalkha, Haryana
3. Nanjangud, Karnataka
4. Choladi, Tamil Nadu
   1. Ponda, Goa Bicholim, Goa
5. Pantnagar, Uttarakhand
6. Tahliwal, Himachal Pradesh
7. Sanand, Gujarat^[14]

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.^{[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] [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]

Notes and References

1. Web site: Nestle India > Location Details > Food Processing > Location Details of Nestle India - BSE: 500790, NSE: NESTLEIND. 24 July 2020. www.moneycontrol.com. en.
2. Web site: Unaudited Financial Results for the fourth quarter and twelve months ended 31st December 2023 . Nestle India . 18 April 2024.
3. Web site: MarketScreener. Nestlé India Limited: Shareholders Board Members Managers and Company Profile . 23 July 2020. www.marketscreener.com. en.
4. Web site: India. Nestle. investors documents.
5. Web site: Company profile. Bloomberg. Nestle India Ltd. Bloomberg News.
6. Web site: Nestle India History Nestle India Information . 23 July 2020. economictimes.indiatimes.com.
7. Web site: Nestle India Shareholding Pattern . 23 July 2020. economictimes.indiatimes.com.
8. News: Nestle India Ltd.. Business Standard India. 24 July 2020.
9. Web site: About Nestle India Ltd Company information capitalmarket. 23 July 2020. www.capitalmarket.com.
10. Web site: Presence Across India. 24 July 2020. Nestlé. en.
11. News: Nestle India Ltd.. 7 October 2021.
12. News: Nestle India to set up Rs 894-crore Odisha food processing unit . 18 April 2024 . CNBC TV18 . 14 July 2023 . en.
13. Web site: 8 June 2015. All 8 Nestle plants under FSSAI scanner. 24 July 2020. The Indian Express. en.
14. News: Nestle India Ltd.. 7 October 2021.
15. Web site: June 3, 2015. Maggi Controversy: Why it is being banned in India?. 26 July 2020. India Today. en.
16. Web site: Jha. Durgesh Nandan. June 4, 2015. Trouble mounts for Maggi: Delhi govt bans sale for 15 days. 26 July 2020. The Times of India. en.
17. Web site: Guest. Forbes. When It Comes to Putting Out Fires, Nestlé India's Suresh Narayanan Is No Novice. 26 July 2020. Forbes. en.
18. Web site: Kazmin . Amy . Brundsen . Jim . August 13, 2015 . India court overturns Nestlé Maggi noodles ban . 26 July 2020 . Financial Times.
19. Web site: Nestlé's Half-Billion-Dollar Noodle Debacle in India. 26 July 2020. Fortune. en.
20. Web site: 14 August 2015. Ban on Maggi: High Court lifts ban, orders fresh tests within 6 weeks. 26 July 2020. The Indian Express. en.
21. Web site: 13 August 2015. Shibu . Thomas. Relief for Nestle, Bombay HC sets aside food regulator's ban on Maggi. 26 July 2020. The Times of India. en.
22. Web site: 29 November 2017. Maggi controversy: Between 2015 and now. 26 July 2020. The Indian Express. en.
23. Web site: Mitra. Sounak. 15 February 2017. The Maggi ban: How India's favourite two-minute noodles lost 80% market share. 26 July 2020. Livemint. en.
24. Web site: Comcowich. William. 4 October 2018. PR Crisis Management Lessons from the Nestlé Maggi Noodle Controversy. 26 July 2020. glean.info. en-US.
25. Web site: 17 October 2015. Maggi clears Bombay HC mandated lab tests: Nestle India. 26 July 2020. The Indian Express. en.