Overview of Parag Milk Foods
Company Name: Parag Milk Foods
Location: Pune, Maharashtra, India
Facilities and Operations
Parag Milk Foods operates several state-of-the-art facilities across India, including manufacturing plants located in Manchar (Maharashtra), Palamaner (Andhra Pradesh), and Sonipat (Haryana). These plants are equipped with the latest technology to ensure the production of high-quality dairy products.
Financial Performance
As of the first quarter of FY25, Parag Milk Foods reported a remarkable 27% year-over-year increase in consolidated net profit, reaching Rs 27 crore. This growth reflects the company's robust performance and effective management strategies. Revenue also saw commendable growth during this period, although specific figures are not disclosed.
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 plans to expand its product portfolio and enhance its distribution network both in India and internationally. The company is focused on investing in advanced technology and innovation to maintain its competitive edge in the dairy market. Additionally, Parag Milk Foods is committed to sustainability and intends to implement 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.
Modified: 2025/05/18