Nestle was founded in 1867 in Geneva, Switzerland by Henri Nestle. Nestles first product was "Farine Lactee Nestle", an infant cereal. In 1905, Nestle acquired theHenri o nestle Anglo-Swiss Condensed Milk Company. Nestles relationship with India started in 1912. It began trading as The Nestlé Anglo- Swiss Condensed Milk Company (After Indias independence in 1947, the economic policies of the Indian Government emphasised the need for local production. Nestlé responded to Indias aspirations by forming a company in India and set up its first factory in 1961 at Moga, Punjab.
Nestlé India’s first production facility, set up in 1961 atMoga (Punjab), was followed soon after by its secondplant, set up at Choladi (Tamil Nadu), in 1967.Consequently, Nestlé India set up factories inNanjangud (Karnataka), in 1989, and Samalkha(Haryana), in 1993. This was succeeded by thecommissioning of two more factories - at Ponda andBicholim, Goa, in 1995 and 1997 respectively. Theseventh factory was set up at Pantnagar,Uttarakhand, in 2006.The 8th Factory was set up at Tahliwal, HimachalPradesh, in 2012.
Nestle India is a subsidiary of Nestle S.A. of Switzerland.Nestle India manufactures a variety of food products suchas infant food, milk products, beverages, prepared dishes &cooking aids, and chocolates & confectionary. Some of thefamous brands of Nestle are NESCAFE, MAGGI, MILKYBAR,MILO, KIT KAT, BAR-ONE, MILKMAID, NESTEA, NESTLEMilk, NESTLE SLIM Milk, NESTLE Fresh n Natural Dahi andNESTLE Jeera Raita.
• For the twelfth consecutive year, Fortune Magazine included in 2011Nestlé in their list of The 10 Most Admired Companies in the World• Nestlé won in 2011 the Stockholm Industry Water Award for itsleadership and performance to improve water management in itsinternal operations and throughout its supply chain• The International Union of Food Science and Technology (IUFoST)honoured Nestlé in 2010 with the Global Food Industry Award•In May 2011, Nestlé won the 27th World Environment Center (WEC) GoldMedal award for its commitment to environmental sustainability.
Name DesignationAntonio Helio Waszyk CEOAntonio Helio Waszyk Chairman and Managing directorAshok Kumar Mahindra DirectorB Murli Sr.V.P.Legal mattersB Murli SecretaryChristian Schmid Director (Technical)Michael W O Garrett Non Executive DirectorRakesh Mohan Non Executive DirectorRavinder Narain Non Executive DirectorRichard Sykes Alternate DirectorShobinder Duggal DirectorSwati A Piramal Non Executive DirectorNestlé is the biggest food company in theworld, with a market capitalisation ofroughly 191 billion Swiss francs, which ismore than 200 billion U.S. dollars.In 2011, consolidated sales were 107.6billion and net profit was 10.43 billion. PAUL BULCKE CEO NESTLE
•Sales by activity breakdown: - 27% from drinks - 26% from dairy and food products - 18% from ready-prepared dishes and ready-cooked dishes - 12% from chocolate - 11% from pet products - 6% from pharmaceutical products -2% from baby milks •Sales by geographic area breakdown: - 32% from Europe - 31% from Americas - 16% from Asia - 21% from rest of the world Today, Nestle is the worlds largest and most diversified food company. It has around 2,50,000 employees worldwide, operated 500 factories in approximately 100 countries and offers over 8,000 products to millions of consumersNestlés largest international competitors are Kraft Foods,and Unilever
•Cereal Partners Worldwide with General Mills•Beverage Partners Worldwide with The Coca-Cola Company•Nestlé Colgate-Palmolive with Colgate-Palmolive (50%/50%)As of year end 2011, Nestlé held 29.7% of the shares of LOréal, theworlds largest company in cosmetics and beauty. Its brandsincluding Garnier, Maybelline, and Lancôme as well as The BodyShop stores. L’Oréal holds 10.41% of the shares of Sanofi-Aventis,the worlds number 3 and Europes number 1 pharmaceuticalcompany. Pharmaceutical products and active cosmetics (controlled by joint ventures with LOréal)