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 Limited, established in 1992, is the largest private dairy FMCG Company with a Pan India presence. We have our manufacturing facilities with in-house technology which are strategically located at Manchar in Maharashtra, Palamaner in Andhra Pradesh, and Sonipat in Haryana. We sell 100% cow’s milk products that are healthy and nutritious. Our integrated business model and strong R&D capabilities have helped us emerge as the leader in innovation. Our dairy farm, Bhagyalaxmi Dairy Farm Limited house more than 5000 cows, with a mechanized milking process. We are a house of four brand- Gowardhan, Go, Pride of Cows and Avvatar. Under brand “Gowardhan”, we offer traditional products like Ghee, Dahi, Paneer, etc. Under the brand name “Go” we offer products like Cheese, UHT Milk, Buttermilk, Lassi, Yoghurt etc. “Pride of Cows”, the flagship brand of Parag Milk Foods was introduced with a proposition of Farm to Home concept targeted towards customers seeking premium quality dairy products. Our brand Avvatar is India’s 1st 100% vegetarian whey protein; first of its kind manufactured in India. Our goal is to become the largest dairy FMCG Company that emphasizes health and nutrition to consumers through innovation.
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]
Gowardhan: Gowardhan is a brand tailored to Indian households across urban and rural regions. Its product range comprises daily dairy essentials familiar to consumers, including Ghee, Milk, Paneer, Dahi, Curd, Butter, Dairy Whitener, and Gulab Jamun Mix. During FY24, the Company has entered the traditional sweets category under the brand Gowardhan. This forward integration features a range of seven delectable sweets, including Kaju Katli, Malai Pedha, Kesar Pedha, Kaju Pista Roll, Mawa Gujiya, Mysore Pak, and Malai Modak. The Gowardhan brand experienced a 25% growth in FY 2023-24.
Go: The Go brand is designed for modernised and westernised families leading busy, active lives. Its target audience includes young working couples and urban-centric families with well-travelled backgrounds, often with active children. Its product range comprises, Cheese and beverages like lassi and chaas.
Pride of Cows: Pride of Cows, a brand within Parag’s portfolio, provides a unique farm-to-home milk experience that truly sets it apart from other products. It is marketed as a premium dairy brand with a single origin, sourced from India’s most advanced dairy farm. Its product range comprises, Milk, Fat Free Milk, Ghee, Curd and Paneer.
Avvatar: Avvatar is Parag’s sports nutrition brand, distinguished as the first Company in India to introduce fresh vegetarian whey protein. Since its launch in 2017, the Avvatar brand has received enthusiastic feedback from consumers and gained widespread acceptance in the Indian market. Their protein skus are, whey, iso, creatine, nitro iso, alpha, muscle gainer, mass gainer and 100% performance whey
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]
Dairy products or milk products, also known as lacticinia, are food products made from milk. The most common dairy animals are cow, water buffalo, nanny goat, and ewe. Dairy products include common grocery store food around the world such as yogurt, cheese, milk and butter. A facility that produces dairy products is a dairy. Dairy products are consumed worldwide to varying degrees. Some people avoid some or all dairy products because of lactose intolerance, veganism, environmental concerns, other health reasons or beliefs.
Yogurt is a food produced by bacterial fermentation of milk. Fermentation of sugars in the milk by these bacteria produces lactic acid, which acts on milk protein to give yogurt its texture and characteristic tart flavor. Cow's milk is most commonly used to make yogurt. Milk from water buffalo, goats, ewes, mares, camels, and yaks is also used to produce yogurt. The milk used may be homogenized or not. It may be pasteurized or raw. Each type of milk produces substantially different results.
Punjabi cuisine is a culinary style originating in the Punjab, a region in the northern part of South Asia, which is now divided in an Indian part to the east and a Pakistani part to the west. This cuisine has a rich tradition of many distinct and local ways of cooking.
Paneer, also known as ponir, is a fresh acid-set cheese common in cuisine of the Indian subcontinent made from full-fat buffalo milk or cow milk. It is a non-aged, non-melting soft cheese made by curdling milk with a fruit- or vegetable-derived acid, such as lemon juice.
A dhaba is a roadside restaurant in the Indian subcontinent. They are on highways, generally serve local cuisine, and also serve as truck stops. They are most commonly found next to petrol stations, and most are open 24 hours a day.
Nutricia is a Danone brand that specialises in therapeutic food and infant formula, including medical nutrition for babies with specific needs.
Khoa, khoya, khowa or mawa is a dairy food widely used in the cuisines of the Indian subcontinent, encompassing India, Nepal, Bangladesh and Pakistan. It is made of either dried whole milk or milk thickened by heating in an open iron pan. It is lower in moisture than typical fresh cheeses such as ricotta. It is made up of whole milk instead of whey.
Mother Dairy is a wholly owned subsidiary of the National Dairy Development Board which is a statutory body under the ownership of the Ministry of Fisheries, Animal Husbandry and Dairying of the Government of India that manufactures, markets and sells milk and dairy products. Mother Dairy was founded in 1974, as a subsidiary of the National Dairy Development Board (NDDB).
Bhojpuri cuisine is a style of food preparation common among the Bhojpuri people of Bihar, Jharkhand and eastern Uttar Pradesh in India, and also the Terai region of Nepal. Bhojpuri foods are mostly mild and tend to be less hot in terms of spices used. The cuisine consists of both vegetable and meat dishes.
Aashirvaad is a brand of staple food and kitchen ingredients owned by ITC Ltd. The Aashirvaad brand was launched in 2002 and its range of products include atta flour, salt, spices, instant food mixes, dairy products and superfoods.
Chhena or chhana is a kind of acid-set cheese originating in the Indian subcontinent that is made from water buffalo or cow milk by adding food acids such as lemon juice and calcium lactate instead of rennet and straining out the whey.
The Mehsana District Cooperative Milk Producers' Union Limited, popularly known as Dudhsagar Dairy, is a division of Gujarat Cooperative Milk Marketing Federation which is under the ownership of Ministry of Cooperation of the Government of Gujarat.
Central Institute for Research on Buffaloes, Hisar, a publicly funded, institute for water buffalo research. It is located 170 kilometres (110 mi) from Delhi, at Hisar in the north Indian state of Haryana. It has a sub-campus, Bir Dosanjh, at Nabha. CIRB operates a nationwide network of 10 research centres working on breed improvement of the 7 main native breeds. CIRB, with over 20 laboratories for buffalo research, is the world's largest buffalo research institute with the widest range of breeds under study. With the aim of improving breeds and dissemination of information, CIRB has sold over 1,000 bulls, conducted ~200,000 artificial insemination in the field for the farmers' buffaloes with a 41% conception rate, distributed ~520,000 progeny tested frozen semen kits to 45,000 farmers and over 250 institutes, imparted training to several thousand farmers on advanced buffalo husbandry, and created the world's first online Buffalopedia in several languages. It has a large research partner network across India and the globe. It is the second institute to successfully clone a buffalo in 2016, after the first successful cloning was achieved by the National Dairy Research Institute, Karnal in 2010. In July 2017, the Indian Council of Agricultural Research ranked CIRB Hisar as India's number one Buffalo research institute for the year 2016–17.
Ananda Dairy is a privately owned Indian dairy product manufacturer, based at Bulandshahr, in the state of Uttar Pradesh. Ananda dairy's tagline is "Anand Karo!".
Kwality Ltd. is a processor and handler of dairy products in India listed on Bombay Stock exchange as public Limited Company. The company produces various types of dairy products, which include milk, ghee, butter, milk powder, curd, yogurt, cheese etc. The company has established procurement network which comprise 350,000 farmer families across 4,700 villages in North India. Kwality Ltd. has six plants in Haryana, Uttar Pradesh and Rajasthan with processing capacity of 3.4 million liters milk per day.
Dahi or curd, also mosaru, dahi, thayir and perugu, is a traditional yogurt or fermented milk product originating from and popular throughout the Indian subcontinent. It is usually prepared from cows' milk, and sometimes buffalo milk or goat milk. The word curd is used in Indian English to refer to homemade yogurt, while the term yogurt refers to the pasteurized commercial variety known as "heat-treated fermented milk".
Milky Mist Dairy, Milky Mist Dairy Food Private Limited (MMD), one of India's largest manufacturers of dairy products. It is located at Perundurai, Tamil Nadu. Formed in 1997 by T. Sathish Kumar, Milky Mist is engaged in milk procurement, processing, and manufacturing of other dairy products. K Rathnam is the CEO of Milky Mist and dairy industry expert.
Perfect Day, Inc. is a food technology startup company based in Berkeley, California, that has developed processes of creating dairy proteins, including casein and whey, by fermentation in microbiota, specifically from fungi in bioreactors, instead of extraction from bovine milk.
Dairy plays a significant part in numerous aspects of Indian society, including cuisine, religion, culture, and the economy.