Latest news with #ManishTiwary
Time of India
06-06-2025
- Business
- Time of India
Nestle India's permanent employee count down 3.8% in FY25
The number of permanent employees in Nestle India fell 3.8 per cent in FY25, though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India . Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan , while addressing the shareholders. The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year term effective August 1, 2025. Tiwary has been appointed as Managing Director (Designate) from February 1, 2025 and as Key Managerial Personnel from April 24, 2025. For the two months of service, Tiwary was paid a remuneration of nearly Rs 3 crore. "During financial year 2024-25, Manish Tiwary was paid a remuneration of Rs 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of Rs 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss...," said Nestle India. In FY25, total remuneration of CMD Suresh Narayanan was at Rs 23.47 crore.
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Business Standard
03-06-2025
- Business
- Business Standard
Nestle India's permanent employee count down sharply 3.8% in FY25
The number of permanent employees in Nestle India fell 3.8 per cent in FY25, though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India. Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan, while addressing the shareholders. The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year term effective August 1, 2025. Tiwary has been appointed as Managing Director (Designate) from February 1, 2025 and as Key Managerial Personnel from April 24, 2025. For the two months of service, Tiwary was paid a remuneration of nearly Rs 3 crore. "During financial year 2024-25, Manish Tiwary was paid a remuneration of Rs 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of Rs 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss...," said Nestle India. In FY25, total remuneration of CMD Suresh Narayanan was at Rs 23.47 crore.
Mint
03-06-2025
- Business
- Mint
Nestle India's on-roll employee count down 3.8% to 8,419 in FY2025 amid capex investment plans
Nestle India's total number of permanent employees dropped by 3.8 per cent as of the financial year ended 2024-25 amid the company's increased capital expenditure (capex) plans to invest money into new capabilities and capacities, reported the news agency PTI on Tuesday, 3 June 2025. The agency report highlighted that Nestle India's on-roll employees were at 8,419 in the 2024-25 fiscal year, compared to 8,736 employees in the same period a year ago. One of the biggest fast-moving consumer goods (FMCG) brands' increase in the median remuneration of employees was at 4.9 per cent in the 2024-25 fiscal, as per the news report. 'The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent,' said Nestle India, cited by the news agency. The company appointed Manish Tiwary as the managing director for a five-year period effective 1 August 2025. Tiwary was paid a salary of nearly ₹ 3 crore for two months of service after his appointment as a key managerial personnel on 24 April 2025. 'During financial year 2024-25, Manish Tiwary was paid a remuneration of ₹ 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of ₹ 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss,' said the company, cited in the news report. Nestle India is one of the largest FMCG brands in India. Its popular daily consumable products include Maggi, Nescafe coffee, Everyday milk powder, and KitKat. The company reported more than ₹ 20,00 crore in sales for the financial year ended 2025, with an increased capex level from 1.8 per cent of the sales in FY2015, to 10 per cent of the sales in FY2025, according to the outgoing Chairman Suresh Narayanan, cited in the agency report from his shareholder's address. The company's total income was at ₹ 20,260.42 crore for the financial year ended 2024-25. 'As a consequence of robust growth, your company is investing in new capabilities and capacities, by increasing product lines in existing factories and setting up the Sanand factory in Gujarat, for confectionery, prepared dishes and cooking aids,' said Narayanan, according to a Mint report. In the financial year 2024-25, the company's CMD, Suresh Narayanan, was paid ₹ 23.47 crore, according to the agency report. Nestle India shares closed 0.73 per cent lower at ₹ 2,390.65 after Tuesday's stock market session, compared with ₹ 2,408.20 at the previous market close.
Time of India
03-06-2025
- Business
- Time of India
Nestle India's permanent employee count down 3.8% in FY25
The number of permanent employees in Nestle India fell 3.8 per cent in FY25 , though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India. Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan, while addressing the shareholders. Live Events The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year term effective August 1, 2025. Tiwary has been appointed as Managing Director (Designate) from February 1, 2025 and as Key Managerial Personnel from April 24, 2025. For the two months of service, Tiwary was paid a remuneration of nearly Rs 3 crore. "During financial year 2024-25, Manish Tiwary was paid a remuneration of Rs 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of Rs 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss...," said Nestle India. In FY25, total remuneration of CMD Suresh Narayanan was at Rs 23.47 crore.
Time of India
27-05-2025
- Business
- Time of India
Nestlé India's outgoing CEO Narayanan weathered the Maggi storm; Tiwary must tackle slowing growth
Nestlé India's outgoing CEO Narayanan weathered the Maggi storm; Tiwary must tackle slowing growth Manish Tiwary (left) will be the MD of Nestle India on 1st of August 2025, Suresh Narayanan (right) current Chairman and MD of Nestle India; Collage by Mohommad Arshad Synopsis Come June 23, Nestlé India will be moved out of the Sensex 30 to Sensex Next 30. The company has remained flat for the last one year. It has even underperformed the Nifty FMCG Index in the past 5 years. The shift captures the woes faced by the company and the sector. An overall revival seems like a long-term story. PRAVIN PALANDE By VARSHA SANTOSH 8 Mins Read, May 28, 2025, 04:55 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close When the world's biggest food and beverages maker brings in a new chief executive to its Indian operations, some challenges come along. Nestlé, which successfully battled the Maggi image problem with Suresh Narayanan a decade ago, is now bringing in Manish Tiwary and he not only needs to fix the multi-year growth slowdown, but also convince index managers that the makers of KitKat chocolates deserve to be a part of the elite index. Nestlé India
