Nestle India Ltd (NESTLEIND) Share Price

NESTLÉ India Limited is a leading food and beverage company that is headquartered in Gurugram, Haryana.  It is a subsidiary of NESTLÉ, a Swiss multinational food and beverage firm. NESTLÉ first came to India over a century ago in 1912. That year, the Swiss firm started NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited in India. The company was set up in order to import and sell finished NESTLÉ products in the domestic market. The government of India in 1959 came out with policy changes that emphasized the need for production locally in India. Thus, NESTLÉ India was formed. In 1961, the company opened its initial production facility in Moga, Punjab. The Indian government wanted NESTLÉ India to develop the region's milk economy. Six years later, NESTLÉ India Limited started operations at its second plant located in Choladi, Tamil Nadu. 1982 was a monumental year for NESTLÉ India as it launched Maggi noodles in India which would find incredible success in the country. NESTLÉ India inaugurated a production factory at Nanjangud, Karnataka in 1989. A year later, NESTLÉ India further expanded its portfolio and entered into the chocolate business with the launch of Nestle Premium Chocolate. NESTLÉ India Limited started manufacturing soya products after forming a joint venture with BM Khaitan group in 1991. NESTLÉ India introduced KitKat chocolate in India in 1995. In April of 2000, the company ventured into the Ultra Heat Treated (UHT) liquid milk business. A year later, NESTLÉ India introduced Nestle Pure Life bottled water. The firm opened the door of its seventh production factory in Patnanagar, Uttarakhand in 2006. In June 2015, NESTLÉ India faced a major challenge when it was forced to recall its Maggi instant noodles from the market after they were found to contain excessive levels of lead. The ban on Maggi noodles was revoked in September 2015. As of March 2023, NESTLÉ India employs over 8,000 individuals and operates manufacturing plants in locations across the country.

Products and Services 

NESTLÉ India sells a wide range of food and beverage products. NESTLÉ India operates a range of coffee products under the Nescafe brand. These include instant coffee, ready-to-drink coffee and coffee mixes. NESTLÉ India's Maggi brand is the most popular instant noodle brand in India. NESTLÉ India sells dairy products such as milk, condensed milk and milk-based products. NESTLÉ India's confectionery products include Kit Kat, Munch, Milkybar, Bar One and NESTLÉ Crunch chocolate bars. Baby products offered by NESTLÉ India come under Cerelac and Nestum brands. The company's beverage portfolio includes Nestea iced tea, Milo chocolate malt drink and NESTLÉ juices. 

Listing 

NESTLÉ India is listed in a number of stock exchanges like BSE, NSE, Calcutta Stock Exchange, Delhi Stock Exchange etc. The company is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex 50 etc.