Nestle was promoted by Nestle Alimentana, Switzerland, a wholly ownedsubsidiary of Nestle Holdings Ltd., Nassau, Bahama Islands. Nestle is one of theoldest food MNC operating in India, with a presence of over a century. For a longtime, Nestle India’s operations were restricted to importing and trading of condensed milk and infant food. Over the years, the Company expanded itsproduct 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 Companyissued shares to the Indian public to reduce its foreign holdings to 40%. Its namewas changed from Foods Specialties Ltd. to the current name in 1981.The parentheld 51% stake in the company as at 2000 end. It has FIPB approval to hikestake 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 tocontinue hiking stake through open market purchases.
Ltd, 51% subsidiary of Nestle SA, is among the leading brandedfood player in the country. It has a broad based presence in the foods sector withleading 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 haslaunched Dairy Products like UHT Milk, Butter and Curd and also ventured intothe mineral water segment in 2001. Nestle’s leading brands include
Cerelac,Nestum, Nescafe, Maggie, Kitkat, Munch