Dr. Kurien ushered in ‘White Revolution’ in India with ‘Operation Flood’, the
largest project for dairy development in the world. As a direct result, India became self sufficient and
global leader in milk production and dairy farmers the architects in their own development.
This revolution led to an increase in milk production many fold which led to the co-operatives declaring
milk holidays around Pune. This adversity was circumvented by Mr. Devendra Shah (our Founder & Chairman) by
helping farmers by collecting their milk on such milk holidays. And thus was born Parag Milk Foods Ltd.
Parag Milk Foods Ltd, founded in 1992, is one of India's elite private sector dairy company, with a diverse
portfolio in over 15 consumer centric product categories. We pride ourselves for providing the best global
source of expertise and scientific knowledge in support of the development and promotion of quality cow’s
milk and milk products, to offer consumers nutrition, health and well-being.
We aim to identify, elaborate and disseminate best practices at all our infrastructures, a dairy farms set
on global standards, a modern fully automated cheese plant with state of the art technology, a ghee plant
with traditional way of making ghee like made at home and an UHT milk processing plant using the best
equipment from one of the leading plant equipment manufacture.
We manufacture products of truly international quality under internationally famous brand names such as
Gowardhan, Go, Topp Up & Pride of Cows. Our Its product portfolio includes ghee,fresh milk, skim milk
powder, whole milk powder, paneer, an array of processed and natural cheese, cheese spreads, butter, dahi,
dairy whitener and gulab jamun mix under the brand names of 'Gowardhan' and 'Go' ,all made from 100% fresh
cow milk. Pride of Cows is a brand of fresh farm- to -home milk and Topp Up, a flavoured milk in many a
variants.
We
strive to optimize the potential of milk across a host of exciting dairy products to fill each day with
imaginative and healthy options for our consumers. We believe that milk in all its wonderful forms is one of
nature’s most nutritious foods and anyone who consumes milk products daily, benefits from vital nutrients
that the body needs. Fulfilling dietary nutritional requirements is a source of great joy and creativity for
us.
A bigger company also has larger responsibilities. While India is the largest producer of milk in the
world, and the commodity has become an important source of income for 70m rural households, the output per
animal is dismal. A key area of focus for us is to help farmers and milk producers to boost animal
productivity. The enhanced participation and involvement of the private sector is key to further
agricultural marketing practices and to make milk and its derivatives more accessible and affordable to
India. In this regard, we deploy state- of- the- art technology to enhance productivity.
We also seek to drive innovation in milk and milk products through our well-diversified portfolio of
brands that deliver dairy products to international standards of quality. To add value to people’s lives
every day. We at Parag live and breathe our corporate slogan of ’Ideas for a new day’.
Our Consumers
Should be able to trust our brands. This is why food quality is a fundamental requirement for
Parag. We make every effort to ensure that our processes are safe, and that high quality standards
are maintained throughout the supply chain.
Dairy innovation
Focus on dairy innovation, enables us to produce an array of products that make milk moments
nutritious, healthy, and enjoyable and we market them under well targeted portfolio of brands.
Partnership with the dairy farmers
We are working with dairy farmers to enrich their lives, and set new standards for sustainable
dairy production. We want to use our resources in a sustainable manner. By having a long term
environmental strategy we can help make this happen.
Good citizenship
We want to influence the development of society and set an example through our best
practices. To make quality milk and world class dairy products accessible to the masses. As a large
private sector dairy player, we have the opportunity to do so.
Building long-term relationship with local communities
We strive to uphold respectful and constructive community relations, and contribute to the
development of communities by building long-term relationships with people, businesses and
organisations.
"We pride ourselves for providing the best global source of expertise and scientific knowledge." |
1992: Founded by Mr. Devendra Shah and his family in 1992, Parag
is strategically located in the milk belts at Manchar, Maharashtra and Palamner, Andhra Pradesh. An initial
milk procurement of 20 thousand litres per day
1994: Product Introduction- Cow Milk
1998: Manchar VAP plant commissioned; production of ghee and butter under
'Gowardhan' brand
1998: Product Introduction- Toned Milk
1999: Product Introduction- Skim Milk Powder and Ghee
2000: Cheese production on a small scale
2000: Product Introduction- Gulab Jamun Mix and Double Toned Milk
2000: In the same year, exports to Southeast Asia, the Middle East and Africa
2001: Product Introduction- Dairy Whitener
2002: Product Introduction- Cheese Powder
2004: Product Introduction- Whole Milk Powder and Butter
2005: Product Introduction- Chaas
2005: Became the largest exporters of dairy commodities from India with around 95% of
products manufactured and exported
2005: Launch of own dairy farm, Bhagyalakshmi, over 35 acres and housing 3000 cows making
the average yield 25 litres per day
2008: Established as the leading brand of Cheese in Food service business
2008: Investment by Motilal Oswal PE; plan for new cheese plant
2010: Plan launched for Palamaner plant; launch of yoghurt and cheese products
2011: Launch of UHT milk and paneer, "Pride of Cows" brand
2012: Investment by IDFC Alternatives
2013: Investment by IFC Launch of RTD brand "Topp Up"
2014: Launch of Whey Products
"We manufacture products of truly international quality under globally famous brand names." |
He has taken Parag Milk Foods to new heights and under his leadership, the Group's revenues have grown manifold. Apart from promoting India’s largest cow farm called Bhagyalaxmi Dairy farm, he also holds reputed positions in various ventures like Director- Bhimashankar Sahakari Sakhar Karkhana, Pargaon, Secretary of National centre for Rural Development, Chairman, Sharad Sahakari Bank and Director, NDRI.
In his current role, Mr. Shah is responsible for the overall growth strategy of the company and consolidating the market presence. He brought in the best manufacturing technology for the company so as to compete globally and his strong understanding in procurement and distribution channels has helped Parag Milk Foods enhance their overall sales figures.
Ms. Shah has more than a decade experience with Parag Milk Foods as SR. VP Strategy –Sales & Marketing. She has been instrumental for growth of the high value product business like launch of Farm to Home business-Pride of Cows, Sports Nutrition brand-Avvatar (whey protein), and growth of beverages business. She has hands-on experience in sales, marketing, finance and in various other gamuts including identifying, building and implementing business strategies.
In his current role, he is essentially responsible for rendering financial advisory to the organization. He also advices the company on audits, corporate finance, management issues and provides an effective business advisory to the company. He brings in over 20 years’ experience in overall business and corporate finance advisory across the sectors and has worked for the biggest names in the industry.
Mr. Darshane is an innovative & multifaceted Executive Leader with more than 35 years of experience demonstrating visionary leadership & outstanding performance in the Ready to Drink Beverages, Food and Drug Manufacturing industry. He is working as Managing Director at FOBE Solutions LLC, USA, and supports the F&B and Nutraceutical industry including startups promoting. Dr. Darshane has business experience and exposure to international markets as he has worked and lived across Asia, Europe, and the USA.
Ms. Garud, aged 44 years, is an Independent Advocate & Solicitor practicing in the Supreme Court of India, the Bombay High Court, the Family Court and District Courts. Her area of practice includes services in various fields of civil laws, matrimonial cases, wills and trusts and drafting and vetting of various agreements and documents. She has done specialisation in family law which includes divorce & child custody. Ms. Garud has previously worked with M/s. Jayakars, Advocates & Solicitors, M/s. Khaitan & Jayakar and M/s. Gagrat & Co.
Mr. Patil, aged 61 years, a veteran in the pharmaceutical and healthcare sectors, retired in 2024 as Regional Finance Lead - Emerging Asia and CFO & Executive Director (India) at Pfizer. An FCA and alumnus of executive programs from Harvard Business School and Tuck School of Business, Mr. Patil is renowned for his expertise in business transformation, risk and compliance, M&A, and financial strategy. He has been recognized with numerous accolades, including the FE CFO of the Year (2022) and the CA CFO Healthcare Sector Award (2015).
Mr. Amitabha Mukhopadhyay, aged 60 years, brings over 35 years of diverse
experience in leadership roles across the Tata Group, Thermax, and other
reputed organizations. A Chartered Accountant and Law graduate, he has
served as the President and Group CFO of Tata AutoComp Systems, as
Business Head and Group CFO of Thermax Limited, and as Managing
Director & CEO of IFB Agro Industries.
Mr. Mukhopadhyay is a well-respected voice in corporate finance, M&A,
strategy, and governance. His advisory firm focuses on global M&A, post-
merger integration, and strategic transformation. He is also actively involved
in the start-up ecosystem and serves on the Advisory Board of Biofuel Circle.
Nikhil Vora is the Founder and CEO of Sixth Sense Ventures with 28 years of experience in financial markets and the consumer domain. Nikhil was earlier the Managing Director and Head of Research at IDFC Securities and has been regarded as one of the strongest analytical minds in the country. He has evolved a strategic roadmap for Hindustan Unilever, Aditya Birla Group, Marico, Godrej, etc. His research has been accredited by some of the largest global funds like Capital, Fidelity, Alliance Bernstein, Putnam, Schroder’s, etc. Mr. Vora has been rated by Asia Money / Institutional Investors consistently for being amongst the best analytical minds in the country. A post-graduate in Management, Mr. Nikhil has also completed the Future Leaders Program at the Saïd Business School, University of Oxford. He was voted India’s No.1 Analyst in the Asia Money Polls 2021 and also voted Asia’s Best Analyst by the Wall Street Journal and also bestowed with the ‘Thought Leadership’ award by IDFC Ltd.
He is a science graduate with over two decades of professional experience and is responsible for carrying out operations in Palamner. He has traveled across the world to study and implement the best practices in the field of dairy industry.
Sanjay has over two decades of experience and is a Specialist in Process Cheese Recipes. He has a deep understanding of the evolving Indian palate and can develop various products to suit the Indian Taste. He also heads the Liquid Milk Procurement in the company. In his career, he has worked with the renowned dairy firms like Vadilal Dairy International Ltd. and Gokul Dairy. His academic accomplishment includes a bachelor’s degree in Science, followed by a Diploma in Dairy.
Sanjay is a Dairy Technologist with experience of over 25 years in Dairy Plant level Manufacturing. His lustrous career includes stints across key companies like Glaxo Smith Kline, Himachal Milk Product, Foremost Industries and Modern Dairies. Sanjay travels across the world, to track global practices and advancements in the dairy sector.
"We manufacture dairy farm products of truly international quality under globally famous brand names." |