Nestle was promoted by Nestle Alimentana, Switzerland, a wholly owned
subsidiary of Nestle Holdings Ltd., Nassau, Bahama Islands. Nestle is one of the
oldest food MNC operating in India, with a presence of over a century. For a long
time, Nestle India’s operations were restricted to importing and trading of
condensed milk and infant food. Over the years, the Company expanded its
product range with new products in instant coffee, noodles, sauces, pickles,
culinary aids, chocolates and confectionery, dairy products and mineral water.
Nestle was incorporated as a limited company in 1959. In 1978, the Company
issued shares to the Indian public to reduce its foreign holdings to 40%. Its name
was changed from Foods Specialties Ltd. to the current name in 1981.The parent
held 51% stake in the company as at 2000 end. It has FIPB approval to hike
stake by 10% and has been gradually acquiring shares from the open market.
Parent stake in the company as at 2001 end stood at 53.8%. The parent plans to
continue hiking stake through open market purchases.
Ltd, 51% subsidiary of Nestle SA, is among the leading branded
food player in the country. It has a broad based presence in the foods sector with
leading market shares in instant coffee, infant foods, milk products and noodles.
It has also strengthened its presence in chocolates, confectioneries and other
semi processed food products during the last few years. The company has
launched Dairy Products like UHT Milk, Butter and Curd and also ventured into
the mineral water segment in 2001. Nestle’s leading brands include
Nestum, Nescafe, Maggie, Kitkat, Munch
Submitted by SUHAS S DHAGE.