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Last 6,775 INR
Change Today +424.45 / 6.68%
Volume 356.0K
NEST On Other Exchanges
Natl India
As of 5:33 AM 08/5/15 All times are local (Market data is delayed by at least 15 minutes).

nestle india ltd (NEST) Snapshot

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03/10/15 - 7,505
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08/6/14 - 5,162
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Current Stock Chart for NESTLE INDIA LTD (NEST)

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nestle india ltd (NEST) Details

Nestlé India Limited manufactures and sells food products in India and internationally. The company provides various prepared dishes and cooking aids; chocolates and confectionery products; milk and nutrition products; and coffee and beverages. It also offers vending and food services, such as beverage systems, beverage solution products, food service products, and touch points. The company was incorporated in 1959 and is headquartered in Gurgaon, India. Nestlé India Limited is a subsidiary of Nestlé S.A.

7,228 Employees
Last Reported Date: 02/13/15
Founded in 1959

nestle india ltd (NEST) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 36.1M
Chief Financial Officer, Director of Finance ...
Total Annual Compensation: 12.5M
Director of Technical, Executive Director and...
Total Annual Compensation: 22.6M
Compensation as of Fiscal Year 2014.

nestle india ltd (NEST) Key Developments

Nestle India Moves High Court to Contest Maggi Noodles Orders

Nestle India moved the Bombay High Court on to contest the orders of the Food and Drug Administration (FDA) in Maharashtra and the Food Safety and Standards Authority of India (FSSAI) banning its instant noodles brand Maggi. Consequently, in its 51-page petition in the Bombay HC, Nestle claimed that the order passed by the FSSAI on June 5 suffers from 'grave infirmities as the FSSAI have admittedly failed to follow the three-prong analysis process'. According to the petition 'In fact, the order is based solely on the test report and not on any risk assessment, communication or risk management'. The FSSAI ordered Nestle India to withdraw all nine variants of Maggi instant noodles from the market, terming them 'unsafe and hazardous' for human consumption. The company has been given 15 days to reply to a show-cause notice asking why approval for all these products should not be withdrawn. However, Nestle in its petition strongly contested the order, saying, that there is no question of a health risk or violation of law. The company disputed test results of the FSSAI, saying there are several results for the same product, making it a strong case for doubting the 'credibility' of the test results. 'One report finds lead to be 17 ppm, being at so much variation with other reports for the same product, it needs to be isolated for assessment of health risk.' The company claimed that the sample tested by the food authority had passed its expiry date could not have the basis an order having 'drastic effects'.

Watchdog Foundation Files Criminal Case Against Nestle India and its Officials

Bringing fresh trouble to harrowed Nestle India over its Maggi Noodles, an NGO, Watchdog Foundation, has filed a criminal case against Nestle India, and its nine directors. The NGO filed the case in Metropolitan Magistrate Court, Andheri in Mumbai, also naming Maggi brand ambassadors like Amitabh Bachchan, Madhuri Dixit and Preity Zinta in the lawsuit. Nestle is already facing the National Consumer Disputes Redressal Commission (NCDRC) for ''unfair trade practices and misleading advertisements'' and may face financial penalties among other actions. Clamping down further on Nestle, the government has pulled out millions of packets of Maggie two-minute noodles from stores across the country after the government issued a 15-day ban on the product. And criminal cases have been filed against Nestle India in Uttar Pradesh and in Bihar where three Bollywood stars featured in advertising have been named in the complaint.

FSSAI Orders Nestle India Ltd to Withdraw and Recall All the Variants of its MAGGI Noodles from the Market

Nestle India Ltd. announced that the company has just received Order of Food Standards Safety Authority Of India (FSSAI) to withdraw and recall all the variants of its MAGGI Noodles from the market.


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