Nestle India Limited has received a re-assessment order from the Superintendent of Taxes Charge-IV, Agartala, Tripura, demanding a total of Rs 6.67 Cr. The order, dated July 14, 2026, was issued under Section 36(1) of the Tripura Value Added Tax Act, 2004, and Section 9(2) of the CST Act, 1956. The company stated that the order does not have a material impact on its financials, operations, or other activities and intends to explore options to challenge the demand.

The re-assessment order specifies a breakdown of the total demand, which includes the principal tax amount, applicable interest, and a penalty. The authority has levied a penalty calculated at 10% of the tax demand.

Breakdown of Demand

The communication was submitted to the exchanges pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that it will contest the order through available legal avenues.

Nestlé is set to establish a Global Capability Centre (GCC) in Hyderabad, in collaboration with Genpact, according to a newspaper report. The move signals the food and beverage giant's intent to leverage India's talent pool and strategic advantages for its global operations.

Nestlé Joins Wave of Multinationals Expanding GCC Presence in India

Nestlé's planned GCC in Hyderabad will be set up in partnership with Genpact, a professional services firm with a strong presence in India. The collaboration highlights a growing trend of multinational corporations choosing Indian cities as hubs for capability centres that support global business functions.

Hyderabad has emerged as a preferred destination for such centres, given its robust infrastructure, skilled workforce, and supportive business environment. Nestlé's decision to establish its GCC in the city aligns with the broader momentum seen across industries.

Major Corporations Setting Up GCCs in India

Nestlé is not alone in this endeavour. Several prominent global corporations are reportedly establishing similar Global Capability Centres in India. The following companies are among those setting up such centres:

The participation of companies spanning consumer goods, food and beverage, and retail sectors reflects the broad-based appeal of India as a GCC destination.

India's Rising Profile as a Global Capability Hub

The collective interest from multinationals such as L'Oreal, McDonald's, Carlsberg, and Nestlé underscores India's strengthening position as a global hub for capability and shared services centres. These centres typically support a range of functions including technology, analytics, finance, and operations for parent companies worldwide. The trend points to sustained corporate confidence in India's ability to deliver high-quality services at scale.