Parag Milk Foods
 | |
| Company type | Public |
|---|---|
| BSE: 539889 NSE: PARAGMILK | |
| Industry | Dairy |
| Founded | 1992 |
| Headquarters | , |
Area served | India |
Key people | Devendra Shah (Chairman)[1] |
| Products | Milk, butter, cheese, ghee, cottage cheese, yogurt and whey protein |
| Revenue |  ₹1,923 crore (US$230 million) (2018)[2] |
| ₹1,865 crore (US$220 million) (2018)[2] | |
| Total assets | ₹1,367 crore (US$160 million) (2018)[2] |
Number of employees | 1,787 (as on 31 March 2018)[2] |
| Website | paragmilkfoods.com |
Parag Milk Foods is a Pune-based private dairy.
History
[edit]Parag Milk Foods started as a dairy in Manchar with a 20,000 litre capacity in 1992. It started with production of skimmed milk powder and by 2004 became India's largest exporter of the skimmed milk powder.[citation needed] However, the company faced a challenge when the Government of India banned export of milk powder on account of local milk shortage.[3][4][5]
Acquisitions
[edit]In 2018, Parag Milk Foods acquired Danone's facility in Sonipat, Haryana for ₹30 crore (US$3.6 million) after the latter decided to shut its dairy operations in India.[6][7]
References
[edit]- ^ Ananya Saha, Ananya (12 June 2018). "'Swimming is my favourite workout': Devendra Shah, Chairman, Parag Milk Foods". The Financial Express. Retrieved 5 May 2019.
- ^ a b c d "Parag Milk Foods Limited Annual Report 2017-18" (PDF). Retrieved 5 May 2019.
- ^ Mudgill, Amit (19 May 2016). "Modest debut: Parag Milk Foods lists at Rs 217.50, a premium of 1.2% over issue price". The Economic Times. Retrieved 5 May 2019.
- ^ "Parag Milk shares stage decent debut, surge 14% against issue price". Business Today. Retrieved 5 May 2019.
- ^ Kulshrestha, Ashish (17 May 2017). "Dairies, aerated drink companies eye high-margin milk-based beverages". The Economic Times. Retrieved 5 May 2019.
- ^ Mitra, Sounak (20 April 2018). "Parag Milk buys Danone dairy factory in Haryana". Live Mint. Retrieved 5 May 2019.
- ^ Pinto, Viveat Susan (23 April 2018). "Danone's loss is Parag's gain: Are dairy MNCs facing challenges in India?". Business Standard India. Retrieved 5 May 2019.