Parag Milk Foods: A Leader in the Indian Dairy Industry

Parag Milk Foods, located in Pune, Maharashtra, India, stands as a prominent entity in the Indian dairy sector. The company has consistently demonstrated strong financial performance, as evidenced by a remarkable 27% year-over-year increase in consolidated net profit, reaching Rs 27 crore in the first quarter of FY25.

Important Events

• 2010: The launch of Gowardhan Ghee marked the company's successful entry into the Indian market, with the product quickly gaining popularity.
• 2014: Introduction of Pride of Cows, a premium farm-to-home milk concept targeting high-end consumers.
• 2016: Parag Milk Foods went public with its IPO, raising significant capital for expansion and development.
• 2023: The strategic acquisition of Danone's manufacturing facility in Haryana was completed 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, aiming 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

Under the leadership of Mr. Devendra Shah, the Chairman, and Mr. Akshali Shah, the Executive Director and Head of Strategy, Parag Milk Foods has been steering towards growth and success. The recent appointments of Amitabh Mukhopadhyay and Milind Anil Patil as independent directors emphasize the company's commitment to strong governance and strategic agility.

In the broader industry context, Rahul Kumar from Parag Milk Foods is recognized as a leading voice in the GST Council meeting concerning dairy product taxation, with Devendra Shah highlighting the positive impact of GST reforms on rural income and farmer productivity.

Parag Milk Foods is shifting its strategic focus towards health and nutrition, emphasizing protein and clean-label products, with a strategic pivot towards premium nutrition offerings.

Modified: 2026/01/13

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