Nestle has a business philosophy focused on sustainability and shared value creation. It aims for happiness and prosperity. Nestle in India has strong credit ratings of CRISIL AAA/Stable for long term loans and CRISIL A1+ for short term debt. However, Nestle faced a major scandal in 2015 when its Maggi noodles were found to contain excessive lead, over the claimed amount. This led to a 500 million dollar loss for the company and the collection and destruction of 38,000 tonnes of Maggi packets. Nestle has also received several awards and recognitions for brands like KitKat and Maggi in recent years.
Nestle has a business philosophy focused on sustainability and shared value creation. It aims for happiness and prosperity. Nestle in India has strong credit ratings of CRISIL AAA/Stable for long term loans and CRISIL A1+ for short term debt. However, Nestle faced a major scandal in 2015 when its Maggi noodles were found to contain excessive lead, over the claimed amount. This led to a 500 million dollar loss for the company and the collection and destruction of 38,000 tonnes of Maggi packets. Nestle has also received several awards and recognitions for brands like KitKat and Maggi in recent years.
Nestle has a business philosophy focused on sustainability and shared value creation. It aims for happiness and prosperity. Nestle in India has strong credit ratings of CRISIL AAA/Stable for long term loans and CRISIL A1+ for short term debt. However, Nestle faced a major scandal in 2015 when its Maggi noodles were found to contain excessive lead, over the claimed amount. This led to a 500 million dollar loss for the company and the collection and destruction of 38,000 tonnes of Maggi packets. Nestle has also received several awards and recognitions for brands like KitKat and Maggi in recent years.
REG NO. - 2032 PHILOSOPHY Nestlé's business philosophy demands ‘May all the people in this universe live with happiness and prosperity’.
preservation of the environment
for sustainable growth.
‘Creating Shared Value’,
CRISIL RATING (CREDIT RATING INFORMATION SERVICES OF INDIA LIMITED) CRISIL AAA/Stable Rs.1800 Crore Long Term Loan (Reaffirmed) Rs.700 Crore Short Term Debt CRISIL A1+ (Reaffirmed)
Total Bank Loan Facilities Rated Rs.790 Crore*
Long Term Rating CRISIL AAA/Stable (Reaffirmed)
Short Term Rating CRISIL A1+ (Reaffirmed)
NESTLE SCAMS THE MAGGI BAN THE RESULT CAME UP ON APRIL 2015 “MSG: Present and Lead: 17.2ppm (parts per million)". The amount of lead found was over 1,000 times more than what Nestle India Ltd had claimed.” FURTHER, THERE WAS SPREAD OF MOUTH AND A SMALL NEWS IN U.P’s HINDI NEWAPAPER. THIS CAUSED THEM HALF A BILLION DOLLAR TO THE CO. DURING THE PERIOD OF JUNE 2015 – SEPTEMBER 2015 THERE WERE SEVERAL ACTIVITIES AND ALLEGATION S TOOK PLACE AGAINST NESTLE AND 38000 TONNES OF MAGGIE PACKETS WERE COLLECTED AND WERE DESTROYED. SCAM EMAILS AND FAKE NESTLÉ CAMPAIGNS THERE WERE SOME HOAX MAILS FROM SOME PEOPLE PRENTENDING TO BE NESTLE. AWARDS AND RECOGNITIONS
2016 Recognized as ‘The Most Valuable Food Brand’ in
India.
2016 KITKAT India won the first edition of the Twitter
Aviator Awards in 2016
2014 MAGGI amongst the Top 5 in Brand Equity’s ‘Most
Trusted Brands’
2014 Nanjangud factory receives Karnataka State Export
Excellence Award for the FY 2013-14
2014 NESTLÉ KITKAT and NESTLÉ EVERYDAY win Gold and
Bronze at Goa Fest 2014
2013 Maggi ranked amongst Top 10 Most Trusted Brands