Nestlé India is a subsidiary of Swiss company Nestlé S.A. that operates factories across India. It insists on honesty, integrity and fairness in business. The company has a long history in India dating back over 100 years and today operates 8 factories and 4 branch offices across the country. Nestlé has a global structure with local country operations organized under three zones and strategic business units. The company is led by a Board of Directors chaired by Suresh Narayanan and also includes the CFO and directors overseeing technical, finance, and legal areas.

1. NESTLÉ India is a subsidiary of NESTLÉ S.A. of Switzerland. With eight factories and a large number of
co-packers, Nestlé India is a vibrant Company that provides consumers in India with products of
global standards and is committed to long-term sustainable growth and shareholder satisfaction.
The Company insists on honesty, integrity and fairness in all aspects of its business and expects the
same in its relationships. This has earned it the trust and respect of every strata of society that it
comes in contact with and is acknowledged amongst India's 'Most Respected Companies' and
amongst the 'Top Wealth Creators of India'.
The NESTLÉ Corporate Business Principles are at the basis of our Company’s culture, developed over
140 years, which reflects the ideas of fairness, honesty and long-term thinking.
Presence Across India

2. After more than a century-old association with the country, today, NESTLÉ India has presence across
India with 8 manufacturing facilities and 4 branch offices.
NESTLÉ India set up its first manufacturing facility at Moga (Punjab) in 1961 followed by its
manufacturing facilities at Choladi (Tamil Nadu), in 1967; Nanjangud (Karnataka), in 1989; Samalkha
(Haryana), in 1993; Ponda and Bicholim (Goa), in 1995 and 1997, respectively; and Pantnagar
(Uttarakhand), in 2006. In 2012, Nestlé India set up its 8th manufacturing facility at Tahliwal
(Himachal Pradesh).
The 4 Branch Offices located at Delhi, Mumbai, Chennai and Kolkata help facilitate the sales and
marketing activities. The NESTLÉ India’s Head Office is located in Gurgaon, Haryana.
How our business is organised
Nestlé has its own local companies in most countries. The Head Office in Switzerland
works very closely with them, and sets overall strategy which is directed via Zone Management and
the Strategic Business Units (SBUs). Geographically, Nestlé’s three Zones (Europe; the Americas;
Asia, Oceania, Africa and the Middle East) work closely with the local markets and the SBUs.
Their primary role is that of enablers, acting as the voice of the centre to the markets, and the voice
of the markets to the centre. They share Nestlé’s vision so that everyone around the world
understands the direction to take – and how to get there with common tools, common strategies
and common values. This ensures that our people around the world know how to act, and have a
very strong framework of values and a clear reference point for fast decision-making.

3. The SBUs specialise in a particular category, for example Coffee and Beverages, or PetCare, or
Chocolate and Confectionery. They work with Research and Development (R&D) to ensure that
everything the company produces is led by consumer insights and relevant innovation; and they help
the markets to achieve their business and brand objectives. To make it all happen, there are just
under 500 factories in 80 countries, and 17 Research Centres.
Other Nestlé Group companies
There are a number of separate companies within the Group such
as Nestlé Waters and Nestlé Nutrition. Nestlé also owns Alcon, a pharmaceutical company that is the
world leader in eye care, preventing vision loss from glaucoma, treating eye infections and restoring
vision through cataract surgery. Nestlé also has a significant share of L’Oréal, the world leader in
cosmetics.
Heads Of Nestle
Board of Directors:
1)Mr. Suresh Narayanan Chairman and Managing Director
Mr. Suresh Narayanan joined the Board of Directors of Nestlé India
Limited as Managing Director from 1st August, 2015. Mr. Narayanan has been designated as the
Chairman and Managing Director of the Company with effect from 29th October, 2015. He is also

4. the Chairman of Corporate Governance and Social Responsibility Committee of the Board of
Directors of the Company. Mr. Suresh Narayanan holds a Master’s Degree in Economics from the
Delhi School of Economics.
He has a Diploma from the IMD Program for Executive Development and
has participated in the Nestlé Leadership Program of the London Business School. He has over 30
years of rich and exhaustive experience in the FMCG Industry and has held senior management and
top leadership roles in leading global companies. Mr. Narayanan was Chairman and CEO of Nestlé
Philippines prior to joining Nestlé India as Managing Director.
Mr. Narayanan joined Nestlé in 1999 as Executive Vice President for Sales in
India, where he spearheaded major structural and strategic changes in Sales and Customer
Management and set up the chilled dairy business. He moved to Nestlé Indochina in 2003, as
Executive Director for Sales, Marketing and Food-Services, covering the countries of Thailand,
Cambodia, Myanmar, Laos and Vietnam. Two years later in 2005, he returned to India as Head of
Sales for India, Sri Lanka, Bangladesh and Nepal. In 2008, Mr. Narayanan was appointed as Managing
Director of Nestlé Singapore Pte. Ltd., and remained there until 2010.
During his time the overall business in Singapore witnessed sustained
growth amidst the economic downturn. He was awarded the Medal of Commendation by the
Government of Singapore in 2010, for excellence in employee relations during this challenging
period. He moved to Nestlé Egypt as Chairman and CEO and Head of NEAR, where his initiatives
resulted in significant business growth and investments despite the turbulence and volatility faced
by the region at this time. Mr. Narayanan began his career as a management trainee with Hindustan
Unilever, where he held numerous positions of increasing responsibility in Sales, Marketing and
General Management. He has also worked with Colgate Palmolive in India.

5. 2)Mr. Shobinder Duggal is the Director - Finance &
Control and CFO
Mr. Shobinder Duggal is the Director - Finance & Control and CFO of
Nestlé India Limited. He is an Economics (Hons.) Graduate from St. Stephens College, Delhi
University and a Chartered Accountant. He has attended the Executive Development Program at
IMD, Lausanne. He has 29 years of work experience with Nestlé.
Before becoming the CFO and member of the Nestlé India Board in
2004, he handled various responsibilities in Nestlé India Limited, including Vice President Corporate
Control, Head of Internal Audit and some important assignments at the Nestlé group Headquarters
in Switzerland. He is also on the Board of Nestlé Lanka PLC since January 2014. He is the Chairman of
the Risk Management Committee and member of the Stakeholders Relationship Committee of
Nestlé India Limited.

6. 3)Mr. Aristides Protonotarios Director – Technical
Mr. Aristides Protonotarios joined the Board of Directors of Nestlé
India Limited as a Whole-time Director, designated as “Director-Technical” on 1 st April, 2013. Mr.
Protonotarios is also a member of Risk Management Committee of the Directors of the Company.
Mr. Protonotarios holds Bachelor’s degree of Engineering in Nature
and Agriculture from Newcastle Upon Tyne University, United Kingdom and Master’s Degree of
Engineering in Foods from Reading University, United Kingdom. Before this assignment he served as
R&D Manager for the Beverages Strategic Business Unit (SBU) at Nestec S.A., Switzerland. He joined
Nestle United Kingdom in 1991 and was appointed as Manufacturing Specialist at Hayes. In 1996, he
moved to Estcourt Factory, South Africa, as Manufacturing Specialist and progressed through a
number of positions until he became Production Manager in 1999.
He joined PTC Orbe as Manufacturing Specialist Coffee and later as
Technical Advisor in 2003. In 2004 he was appointed as Factory Manager in Hayes and in 2007 he
became Head of Manufacturing Services for Beverages in the UK. In 2009, he was appointed as Head
of Technical and Production for Indonesia. In 2011 he moved to Nestec S.A., Switzerland, where he

7. established the R&D function in the Beverages SBU. He is responsible for, amongst others, the
management and conduct of the with respect to the technical areas of the Company including all
existing and future factory locations.
4)Mr. R. V. Kanoria Non-Executive and Independent
Director
Mr. Rajya Vardhan Kanoria joined the Board of Directors of Nestlé India
Limited as an Independent Non-Executive Director on 13th May, 2014 to hold office for five
consecutive years for a term up to 12th May, 2019. Mr. Kanoria is Chairman of Nomination and
Remuneration Committee and also member of Audit Committee; and Stakeholders Relationship
Committee of the Board of Directors of the Company.
Mr. Kanoria is one of India’s leading Industrialists. He is Promoter and
CMD of Kanoria Chemicals. He is an MBA (Hons.) from IMD, Switzerland. He has been instrumental
in influencing trade policy both at the national and global level and has over four decades of
experience in the chemicals, textiles and jute industries. He has contributed to Industry and Society
immensely. He has occupied various offices in Industry Associations including the office of President
of Federation of Indian Chambers of Commerce and Industry (FICCI) in 2012-13. He has also Chaired,
Commission on Trade and Investment Policy of the International Chamber of Commerce, Paris
during 2008 – 2011.
He has been Chairman of Confederation of Indian Textile Industry and
Chairman of Indian Jute Mills’ Association. He has served on various Government Committees
particularly on trade and investment. He has been awarded with “Swiss Ambassador’s Award for
Leadership and Business Ethics, 2013” and bestowed with the Distinction of Commander of the
Order of Leopold II by the King of Belgium for his contribution to the development of business ties
between India and Belgium.
5)Mr. Ashok Kumar Mahindra Non-Executive and
Independent Director
Mr. Ashok Kumar Mahindra has been a Non-Executive &
Independent Director of Nestle India Ltd, since April 21, 2011. Mr. Mahindra served as a Director of
Hero Honda Finlease Ltd until July 26, 2005. Mr. Mahindra retired as the Managing Partner of M/s A.
F. Ferguson & Co., a leading Audit Firm and as the Co-Chairman of Deloitte, Haskins and Sells in
March, 2008.
Mr. Mahindra holds Bachelor’s degree in Arts and Master’s degree in
Philosophy, Politics and Economics from the University of Oxford. He is a fellow member of Institute
of Chartered Accountants of India and Institute of Chartered Accountants in England and Wales and
also an associate member of Institute of Taxation in England.

8. 5)Mr. Ravinder Narain Non-Executive and Independent
Director
Mr. Ravinder Narain serves as a Senior Partner of the law firm at
M/s. Ravinder Narain & Co. Mr. Narain has over 40 years of experience as a lawyer. He is an
active practitioner and Advocate in the Supreme Court and High Court of India. He has been
actively associated with constitutional, taxation and commercial matters.
He has been a Non-Executive & Independent Director of Nestle
India Ltd, since March 1978; DCM Shriram Industries Limited since January 2008; and
Shree Rajasthan Syntex Ltd. since September 6, 1980. He serves as an Independent Non-
Executive Director of Shriram Pistons & Rings Limited and Amber Tours Private Ltd. He served
as an Independent Director of DLF Limited. (DLF Group) from September 29, 2006 to August 4,
2011.
He served as a Director at Fomento Resorts & Hotels Limited until
February 28, 2009. He was appointed by the Ministry of Finance, GoI as a Member of the High
Level Committee set up to review of India’s central excise and customs law. Mr. Narain holds a
Bachelor's Degree in science and a degree in law.
6)Dr. Swati A. Piramal Non-Executive and Independent
Director
Dr. Swati Ajay Piramal, Ph.D., served as the Director of Strategic
Alliances & Communications at Piramal Enterprises Ltd., Piramal Healthcare Limited and SRL
Diagnostics Private Limited. Dr. Piramal served as the Chief Scientific Officer of Piramal Healthcare
Limited. She serves as the Vice Chairperson of Piramal Enterprises Limited and Piramal Healthcare
Limited. Dr. Piramal served as Vice Chairman at Piramal Life Sciences Limited until February 2, 2012.
She serves as Executive Director of Nicholas Piramal India Ltd. Dr. Piramal has been a Non-
Executive Director of Piramal Glass Limited since March 12, 1998.
Dr. Piramal has been Non-Executive & Independent Director at Nestle
India Ltd, since August 2, 2010. Dr. Piramal serves as a Director of ICICI Prudential Asset
Management Company Limited of ICICI Prudential Mutual Fund - ICICI Prudential Infrastructure Fund
and ICICI Prudential Mutual Fund - ICICI Prudential Tax Plan. She serves as an Executive Director at
Piramal Enterprises Limited. She serves as a Director of Piramal Healthcare Limited, NPIL Life
Sciences Limited (UK), Alpex Holdings Pvt. Limited, Cavaal Fininvest Pvt. Limited, Propiedades
Realties Pvt. Ltd., PGL Holdings Pvt. Limited, PHL Holdings Pvt. Limited, Akshar Fincom Pvt. Limited,
Adelwise Investments Pvt. Limited, Gopikisan Piramal Pvt. Limited, Piramal Management Services
Pvt. Ltd., PEL Management Services Pvt. Ltd., Piramal Capital Private Limited, Nicholas Piramal
Pharma Pvt. Ltd., Piramal Texturising Pvt. Ltd., Vulcan Investments Pvt. Ltd., Alpex International
Limited, Glass Engineers Pvt. Ltd., IndiaVenture Advisors Pvt. Ltd., Piramal Diagnostic Services
Private Limited, Piramal Healthcare (Canada) Ltd., Allergan India Pvt. Ltd., NPIL Fininvest Pvt. Ltd.,
and of Aalpex Ltd. She has been an Additional Director of SBI Capital Markets Limited since July 20,
2005 and serves as its Non-Executive Independent Director. She served as a Director of Life
Insurance Corporation of India. She served as a Non Executive Director of ICICI Bank Ltd. from June
25, 2012 to February 26, 2014. She served as a Director at Piramal Life Sciences Limited since June
8, 2005 until February 2012. She has been President of the Confederation of Indian Industries (CII) of
the State of Maharashtra since 2006.

9. Dr. Piramal was the first woman to be elected Vice President of
Assocham in 2008. She is also an Expert Member of the Planning Commission, Government of India.
Dr. Piramal is a Member of the Confederation of Indian Industries and Knowledge Industries Council.
She has received various awards for her contributions viz. “Chevalier de l’Ordre National du Merite ‘
(Knight of the Order of Merit) in 2006, from the French President Jacques Chirac, the BMA
Management Woman Achiever of the Year Award from 2004 to 2005, nominated one of the 25 most
powerful women in India, thrice in succession from 2002 to 2005, “Lakshmipat Singhania-IIM,
Lucknow National Leadership Award,” in the category of Young Leader in the field of Science and
Technology for the year 2006, the Chemtech Pharma Award : for “Outstanding Contributions” in
PHARMA & Biotech Industries, and the Rajiv Gandhi Award for Outstanding Woman Achiever by
Rajiv Gandhi Foundation in 2007. She holds her M.B.B.S. Medical Degree from the University of
Bombay, and Master of Public Health Degree from Harvard School of Public Health,
Boston USA. She has D.I.M. nes.
Audit Committee
Mr. Ashok Kumar Mahindra Chairman
Mr. R.V. Kanoria Member
Mr. Ravinder Narain Member
Stakeholders Relationship Committee
Mr. Ravinder Narain Chairman
Mr. R.V. Kanoria Member
Mr. Shobinder Duggal Member
Corporate Governance and Social Responsibility Committee
Mr. Suresh Narayanan Chairman
Mr. Ravinder Narain Member
Dr. Swati A. Piramal Member
Nomination and Remuneration Committee
Mr. R.V. Kanoria Chairman
Mr. Ashok Kumar Mahindra Member
Mr. Ravinder Narain Member
Risk Management Committee
Mr. Shobinder Duggal Chairman
Mr. Aristides Protonotarios Member
Mr. Anurag Dikshit Member
Company Secretary
Mr. B. Murli Senior Vice President - Legal &
Company Secretary

10. The ten principles of business operations :
Consumers
1 Nutrition, Health and Wellness.
2 Quality assurance and product safety.
3 Consumer Communication.
Human rights The environment and labour practices
4 Human rights in our business activities.
Our people
5 Leadership and personal responsibility.
6 Safety and health at work
Suppliers and customers
7 Supplier and customer Relations.
8 Agriculture and rural Development.
The environment
9 Environmental sustainability.
10 Water.