A Decade of Growth and Innovation

Suresh Narayanan, the visionary leader who navigated Nestlé India through its most challenging period, is set to retire on July 31. Under his leadership, the company saw a remarkable turnaround, with revenue growing at a 10% CAGR, profit after tax increasing nearly six times, and market capitalization almost quadrupling over the past decade.

Reviving the Maggi Brand

Appointed as CMD in 2015, Narayanan is credited with the resurrection of Maggi, Nestlé's flagship brand, after it faced a regulatory ban. His strategic leadership not only brought Maggi back to kitchen shelves but also expanded its market share, making India its largest global market.

Expanding the Portfolio

During his tenure, Narayanan launched over 150 new products, contributing to 7% of sales, and diversified the company's portfolio. He also spearheaded the entry into new businesses like breakfast cereals, pet care, and Nespresso, setting the stage for future growth.

Legacy of Leadership

Narayanan leaves behind a culture of respect and trust, emphasizing the importance of teamwork and innovation. His efforts have positioned Nestlé India not just in its core markets but also in emerging opportunities, ensuring sustained growth.

Looking Ahead

As Narayanan passes the baton to Manish Tiwary, the FMCG sector shows signs of recovery, with urban and rurban markets demonstrating resilience. Nestlé India, under new leadership, is poised to continue its trajectory of growth and innovation.