Parag Milk Foods

Parag Milk Foods is a Pune-based private dairy.

Parag Milk Foods Limited

Company type	Public
Traded as	BSE: 539889 NSE: PARAGMILK
Industry	Dairy
Founded	1992; 33 years ago (1992)
Headquarters	Mumbai and Pune, Maharashtra , India
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$220 million) (2018)[2]
Operating income	₹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

History

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

In 2018, Parag Milk Foods acquired Danone's facility in Sonipat, Haryana for ₹30 crore (US$3.5 million) after the latter decided to shut its dairy operations in India.^[6][7]