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 9 production facilities in various locations across
India.[10]
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.[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.[7][12]
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.[7]
The company entered the
confectionery business in 1990 by introducing Nestlé premium chocolate.[7]
In 1991, they started the production of
soya based products through a
joint venture with the BM Khaitan group.[7]
In the year 1995 and 1997 Nestlé established two facilities in
Goa at
Ponda and
Bicholim respectively.[7][9]
In April 2000 they entered the liquid
milk and
iced tea markets.[7]
2006 marked the year when the company set up its 7th factory at
Pantnagar in
Uttarakhand.[7]
The company opened another plant in
Karnataka in 2011 bringing up its total plants in India to eight.[7]
In October 2020, Nestle India announced investment of Rs. 2,600 crores for a new plant at
Sanand in
Gujarat. Initial phase of production commenced from 1 October 2021.[13]
Nestlé India Limited's market cap as of December 2022 stood at Rs. 1,93,666.87 crore.[14]
Production
Nestlé India currently has 9 manufacturing facilities across
India. They are at:[2][7][10]
In June 2015, Nestlé India's instant noodles product '
MaggiNoodles' 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.[16][17][18] On 5 June 2015 Maggi noodles were banned nationwide by the
Food Safety and Standards Authority of India.[19] 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.[20][19][21][22] Nestle was fined ₹45 lakh for the incident by the district administration.[23] 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.[24][25] Nestlé eventually cleared the
Bombay High Court mandated lab tests and Maggi Noodles were allowed to be manufactured and sold again.[26]
1 Currently manufactured by
General Mills in the U.S. and Canada. Produced by
Cereal Partners under the Nestlé brand elsewhere. 2 Brand owned by
General Mills; U.S. and Canadian production rights controlled by Nestlé under license. 3 U.S. production rights owned by
The Hershey Company. 4 U.S. rights and production owned by the
Smarties Candy Company with a different product. 5 U.S. rights and specific trade dress owned by Nestlé; rights elsewhere owned by
Associated British Foods. 6 Produced by Cereal Partners, branded as Nestlé. 7 Produced by Cereal Partners and branded as Nestlé in the U.K. and Ireland. Produced by
Post Foods elsewhere. 8 Philippine production rights owned by
Alaska Milk Corporation. 9 Singaporean, Malaysian and Thai production rights owned by
Fraser and Neave. 10 Used only in Indonesia, Thailand, and Cambodia. 11 Used only in the Philippines. 12 U.S. production rights owned by the
Ferrara Candy Company. 13NA rights and specific trade dress to all packaged coffee and other products under the Starbucks brand owned by Nestlé since 2019. 14 Brand owned by
Mars, sold by Nestlé in Canada. 15 Produced by
Froneri in the U.S. since 2020.