The Crisis manager 
Wealth Insight|March 2017

Suresh Narayanan, Chairman and MD of Nestle, speaks about the company's strategy post the Maggi crisis.

Sounak Mitre

Equity analysts call him the "turn-around" MD. At Nestle India Ltd, he is known as an expert crisis manager. Suresh Narayanan, chairman and managing director of Nestle India, agrees that managing the Maggi noodles crisis was the toughest assignment of his career. The 56-year-old Nestle veteran says that he, along with his team, has been reconstructing the Swiss company's local unit in India for a safer future. In an interview, Narayanan spoke about how the commitment of the Swiss parent has increased post the Maggi fiasco. Edited excerpts. 

India contributes less than 2% to Nestle's global revenue. After the Maggl debacle, how important is India as a market for the Swiss parent?

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM WEALTH INSIGHTView All

Pledging tracker

Companies that have seen a rise or decline in promoter pledging in Q1 FY22

1 min read
Wealth Insight
September 2021

‘Investing for your future by investing in the future'

Thematic investing seeks to tap future trends and hence aids in wealth creation, says Swarup Mohanty of Mirae Asset Mutual Fund.

5 mins read
Wealth Insight
September 2021

Trait or theory?

Prof Kaushik Basu’s memoir ‘Policymaker’s Journal’ is full of wit and brilliance. Here are a few of his explanations about the basic traits of people, bureaucracies and societies.

4 mins read
Wealth Insight
September 2021

Play the gold rush through shovel suppliers

With vehicles steadily turning into ‘smartphones on wheels’, the pure-play software integrator seems to have a long runway for growth

2 mins read
Wealth Insight
September 2021

Does Stock Advisor give you a portfolio?

The answer is both a yes and a no, depending on what you do

3 mins read
Wealth Insight
September 2021

A zoo of stocks

“What kind of stocks do you recommend?”

4 mins read
Wealth Insight
August 2021

The attention economy

Keeping users glued to their digital devices is the primary goal of internet companies. This has had many unwelcome consequences.

4 mins read
Wealth Insight
August 2021

Stay Hungry. Stay Foolish.

Stay Hungry. Stay Foolish.

3 mins read
Wealth Insight
April 2017

Housing for all 

With the budget according infrastructure status to affordable housing, realtors with a strong financial standing and pan-India presence will benefit.

2 mins read
Wealth Insight
March 2017

The Crisis manager 

Suresh Narayanan, Chairman and MD of Nestle, speaks about the company's strategy post the Maggi crisis.

3 mins read
Wealth Insight
March 2017
RELATED STORIES

Apple Won't Let Fortnite Back Until Case Ends

Tim Sweeney, CEO of Fortnite maker Epic Games Inc., said Wednesday it’s been told by Apple that the game will be “blacklisted from the Apple ecosystem” until the companies’ legal case is resolved and all appeals are exhausted, which could take as long as five years.

1 min read
Techlife News
September 25, 2021

CALIFORNIA 1ST TO SET QUOTA LIMITS FOR RETAILERS LIKE AMAZON

California became the first state to bar megaretailers from firing warehouse workers for missing quotas that interfere with bathroom and rest breaks under a new law signed by Gov. Gavin Newsom that grew from Amazon’s drive to speed goods to consumers more quickly.

3 mins read
Techlife News
September 25, 2021

FACEBOOK OVERSIGHT BOARD REVIEWING ‘XCHECK' SYSTEM FOR VIPS

Facebook’s semi-independent oversight board says it will review the company’s “XCheck,” or cross check, system following an investigation by The Wall Street Journal into the use of this internal system that has exempted high-profile users from some or all of its rules.

1 min read
Techlife News
September 25, 2021

CHINA'S ANT GROUP TO SHARE CREDIT DATA WITH CENTRAL BANK

China’s central bank will soon have access to the private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector.

2 mins read
Techlife News
September 25, 2021

NETFLIX BUYS WONKA AUTHOR DAHL'S CATALOG

Netflix has acquired the works of Roald Dahl, the late British author of celebrated children’s books such as “Charlie and the Chocolate Factory.”

1 min read
Techlife News
September 25, 2021

APPLE, GOOGLE RAISE NEW CONCERNS BY YANKING RUSSIAN APP

Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business.

4 mins read
Techlife News
September 25, 2021

CHINA SETS UP PLATFORM TO POLICE GAMING FIRM VIOLATIONS

Chinese regulators have set up a platform that allows the public to report on gaming companies they believe are violating restrictions on online game times for children.

1 min read
Techlife News
September 25, 2021

ONE TO CHARGE THEM ALL: EU DEMANDS SINGLE PLUG FOR PHONES

The European Union unveiled plans Thursday to require smartphone makers to adopt a single charging method for mobile devices.

1 min read
Techlife News
September 25, 2021

DON'T LET SOCIAL SECURITY STEER YOU WRONG

Few retirement decisions are as critical, or as easy to get wrong, as when and how to take your Social Security benefits.

4 mins read
Techlife News
September 25, 2021

AT LONG LAST, BALLMER, CLIPPERS BREAK GROUND ON NEW HOME

The design meetings have been going on for years.

4 mins read
Techlife News
September 25, 2021