Etienne André Marie Benet CEO Etienne André Marie Benet Managing Director Michael William Oliver Garrett Ind. Non-Executive Director Ravinder Narain Ind. Non-Executive Director Shobinder Duggal Director Swati Ajay Piramal Ind. Non-Executive Director COMPANY HISTORY - NESTLE INDIA LTD. 1959 - On 28th March, the Company was joined at New Delhi. The organization was advanced by Nestle Alimentana S.A. through an entirely claimed auxiliary, Nestle Holdings Ltd., Nassau, Bahama Islands. 1968 - 1,37,785 Bonus shares issued in extent 1:10 on 12.9.1968. - On November organization issued 3,00,000 shares at standard. 22,000 shares held for executives, and so on and 2,78,000 shares offered to the Public. 1970 - 34,251 shares issued against apparatus to associates. 1978 - During the period 4,00,114 value shares and 382,751 existing value shares held by Nestle 's Holdings, Ltd., Nassau, Bahama Islands (Nestle) were offered to the inhabitant Indian nationals at a premium of Rs. 2.50 for every offer. 1980 - 22,50,000 extra shares issued in extent 1:1 on 30.7.1980. 1983 - 27,00,000 extra shares value shares issued in prop. 3:5. 1985 - 18,00,000 Rights value shares issued (Prem. Rs 30 for every shares; prop. 1:4). 4,50,000 extra shares assigned to hold oversubscription. 90,000 No. of value shares designated (prem. Rs 30 for every offer) to workers of the Company on an evenhanded premise. 60,000 No. of value shares distributed (prem. Rs 30 for every offer)