Parag Milk Foods

Location: Pune, Maharashtra, India

Facilities and Factories: Parag Milk Foods operates several state-of-the-art facilities nationwide, including manufacturing plants in Manchar (Maharashtra), Palamaner (Andhra Pradesh), and Sonipat (Haryana). These facilities are equipped with modern technology to ensure the highest quality dairy products.

Financial Indicators: As of the first quarter of FY25, Parag Milk Foods reported a significant 27% year-over-year increase in consolidated net profit, reaching Rs 27 crore. This growth indicates robust performance and effective management strategies. The company’s revenue during the same period also saw commendable growth, although precise figures are not disclosed.

Important Events:

• 2010: Parag Milk Foods launched Gowardhan Ghee, which quickly became a popular brand in the Indian market.
• 2014: The introduction of Pride of Cows, a premium farm-to-home milk concept, catered to the niche market of high-end consumers.
• 2016: The company went public with its IPO, raising significant capital for expansion and development.
• 2023: Parag Milk Foods completed strategic acquisition of 'Danone’s manufacturing facility in Haryana to enhance production capabilities.

Company Plans:

Looking ahead, Parag Milk Foods aims to expand its product portfolio and enhance its distribution network across India and internationally. The company plans to invest in advanced technology and innovation to maintain its competitive edge in the dairy market. Additionally, Parag Milk Foods is committed to sustainability and plans to implement eco-friendly practices and reduce its carbon footprint.

Management: 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 instrumental in steering the company towards growth and success.

Modified: 2025/02/25

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