Parag Milk Foods
Location: Pune, Maharashtra, India
Financial Performance
As of the first quarter of FY25, Parag Milk Foods reported a substantial 27% year-over-year increase in consolidated net profit, reaching Rs 27 crore. This reflects the company\'s strong performance and effective management strategies. Although specific revenue figures are not disclosed, the growth trajectory is commendable.
Important Events
- 2010: Launch of Gowardhan Ghee, which quickly gained popularity in the Indian market.
- 2014: Introduction of Pride of Cows, a premium farm-to-home milk concept aimed at high-end consumers.
- 2016: The company went public with its IPO, raising significant capital for expansion and development.
- 2023: Completion of the strategic acquisition of Danone\'s manufacturing facility in Haryana to enhance production capabilities.
Company Plans
Parag Milk Foods is focused on expanding its product portfolio and enhancing its distribution network both in India and internationally. The company plans to invest Rs 400 crore in innovative product lines and new-age businesses within the Indian dairy sector to capture changing consumer preferences and emerging trends. Additionally, the company is committed to implementing eco-friendly practices to reduce its carbon footprint.
Leadership and Governance
The company is led by Mr. Devendra Shah, the Chairman, and Mr. Akshali Shah, the Executive Director and Head of Strategy. Their leadership has been crucial in driving the company towards growth and success. Recently, the company appointed Amitabh Mukhopadhyay and Milind Anil Patil as independent directors, emphasizing strong governance and strategic agility as it scales sustainably and expands its presence in the global nutrition space.
A key player in the Indian dairy sector\'s GST appeal, Rahul Kumar from Parag Milk Foods is identified as one of the leading voices expected to weigh in on the GST Council meeting concerning dairy product taxation.
Modified: 2025/08/26