Nestle India

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India Company Latest News And Updates

Bombay High Court allows Nestle to export Maggi noodles
June 30, 2015 02:04 PM
In a partial breather for Nestle, the Bombay High Court on Tuesday allowed the company's Indian branch to export all varieties of its popular two-minute Maggi noodles. The domestic restrictions, however, would continue to apply. The matter will now come up for further hearing on July 14. Maggi was banned by the Food Safety & Standards Authority of India (FSSAI) on June 5 after several samples were found having lead and MSG contents beyond permissible limits. Nestle India had challenged the ban on grounds that it was 'unauthorised, arbitrary, unconstitutional for violating right to equality and trade', and violative of principles of natural justice since the company was not given a proper hearing. Source: IANS
Karnataka testing Maggi noodles for safety
June 03, 2015 10:38 AM
The Karnataka government on Tuesday sent random samples of Nestle's Maggi noodles to a state-run lab in Mysuru for testing its contents in the wake of the product allegedly failing to conform to food safety norms. "I have directed my officials to randomly lift packets of Maggi noodles from retail shops, supermarkets, malls and its manufacturing units across the state for testing at CFTRI (Central Food Technological Research Institute) to verify if food safety norms are violated," state Health Minister U.T. Khader told reporters in Mangaluru, about 350 km from in Bengaluru. Nestle has four manufacturing units in the state. The health department has also sent a few samples of Maggi to a private lab in Bengaluru to test if lead content in the noodles was in excess or within the safety limits. Source: IANS
Maggi samples found unsafe: Delhi government
June 03, 2015 10:36 AM
Samples of Maggi noodles tested in the national capital were found unsafe, the Delhi government announced on Tuesday and said that it may take action against the company manufacturing the popular snack. Health Minister Satyendra Jain said that 10 in 13 samples of Maggi noodles sent for testing were found to have excess amount of lead. "Out of 13 samples taken last week, 10 have been found to be containing lead more than the permissible limit. Eighty percent of the samples failed. The officials (of Nestle India which manufactures Maggi noodles) will be called tomorrow (on Wednesday) and further action will be taken," Jain said. Source: IANS

Nestle India Limited; a subsidiary of Nestle; was founded by Henri Nestle in Switzerland in the year 1867. The company was established in India in 1961, in an effort to upgrade the existing standards of the Indian milk industry at that period. The first production unit was launched in Punjab.

Facts about Nestle India:

Nestle India Limited has grown over the years into the most desired brand in the food and beverage sector in India. The company has succeeded in meeting the expectations of the Indian government in bringing a marked change in the milk industry through its suggestion on latest dairy farming techniques and upkeep of cows to improve the milk yield.

Nestle India Limited gave directions to the farmers in incorporating the advanced technological methods with regard to crop maintenance and irrigation. The company proposed the set up of centers that not only catered to the storing and selling of milk, but also maintained contacts with the farmers.

Manufacturing Units of Nestle India:

Nestle India Limited initiated its workings in India with the Moga unit in Punjab in 1961; succeeded by the Choladi unit located in the state of Tamil Nadu. The Moga unit dealt entirely with the proper management of dairy products whereas the Choladi unit diverted its interests to the tea industry. The main purpose behind the set up of Choladi unit was to treat the tea crop to produce soluble tea. Nestle India Limited is also the proud of owner of Nanjangud unit in Karnataka; Samalkha unit in Haryana; Ponda and Bicholim units in Goa; and Pant Nagar unit in Uttarakhand.

Latest Financial Figures(Figures in Rs. Crores)
ET 500 Rank(2011)106
IndustryFood Processing - Dairy/Fruits/Others
Profit after Tax(PAT)891.5
MCAP (Market Capitalization)40630.8

Products of Nestle India:

Nestle India Limited has spread its wings to significant areas within the food and beverage industry. It has various products like chocolates, infant food, confectionery, prepared dishes and so on. The company produces delicious chocolates of varied tastes, quality, make, and ingredients to allure the taste buds to the level of indulgence with such widely known chocolates as Milky Bar and Kit Kat, which differ in their hues. The beverage section offers refreshing Nescafe, and health drinks such as Milo, Nestle Milk and the mouth-watering condensed milk, known as Milkmaid. Maggi noodles, Nestle Jeera Raita fall under the category of prepared dishes, whereas the latest additions of Nestle India like Nestle Fresh "n" Natural Dahi and Nestle Slim Milk have won million hearts with their exquisite flavors.

Performance of Nestle India:

Nestle India's popularity is visible in its financial figures published for the second quarter starting from April and ending in June 2007. The net profit for this quarter records a growth of 18.1%, amounting to ` 95.7crores, and the net sales figure marks a rise of 23.2%; whereas the exports delineate improvement by 15.6 %, which is calculated as ` 82crores. The net domestic sales have also grown at a very fast pace to ` 756.9 crores, showing a jump of approximately 24 %, when compared with the financial figures of the same period, that is, from April to June in the previous year.

Last Updated on 1/4/2012

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