From- http://www.ibef.org/artdisplay.aspx?cat_id=444&art_id=6822
Nestlé India, a 61.85 per cent subsidiary of Nestle S.A. Switzerland, was incorporated as a limited company in 1959. It produces a wide range of products including beverages, prepared dishes and cooking aids, milk products and nutrition, chocolate and confectionery. With an employee-strength of over 3000 and turnover of US$ 497 million in 2003, Nestle India is one of the leading companies in the FMCG space in India. The company is acknowledged amongst India’s ‘Most Respected Companies’ and amongst the ‘Top Wealth Creators of India’. During the first half 2004, the company registered a total income of US$ 257.8 million and net profit of US$ 23.73 million.
Nestlé India, a 61.85 per cent subsidiary of Nestle S.A. Switzerland, was incorporated as a limited company in 1959. It produces a wide range of products including beverages, prepared dishes and cooking aids, milk products and nutrition, chocolate and confectionery. With an employee-strength of over 3000 and turnover of US$ 497 million in 2003, Nestle India is one of the leading companies in the FMCG space in India. The company is acknowledged amongst India’s ‘Most Respected Companies’ and amongst the ‘Top Wealth Creators of India’. During the first half 2004, the company registered a total income of US$ 257.8 million and net profit of US$ 23.73 million.