Parag Milk Foods is a

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

-based private dairy.

History

Parag Milk Foods started as a dairy in

Manchar Manchar is a census town and Nagar panchayat in Ambegaon taluka of Pune district in the Indian state of Maharashtra. Nearby villages are Kalamb, Pimpalgoan, and Landewadi. It is governed by Manchar Nagar Panchayat which is second Nagar panchaya ...

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. However, the company faced a challenge when the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

banned export of milk powder on account of local milk shortage.

Acquisitions

In 2018, Parag Milk Foods acquired

Danone Danone S.A. () is a French multinational corporation, multinational food-products corporation based in Paris. It was founded in 1919 in Barcelona, Barcelona, Spain. It is listed on Euronext Paris, where it is a component of the CAC 40 stock mark ...

's facility in

Sonipat Sonipat is a planned industrial city and administrative headquarter in Sonipat district of Haryana state of India. It comes under the National Capital Region and is around from New Delhi. It lies 214 km (128 miles) southwest of Chandigar ...

Haryana Haryana () is a States and union territories of India, state located in the northern part of India. It was carved out after the linguistic reorganisation of Punjab, India, Punjab on 1 November 1966. It is ranked 21st in terms of area, with les ...

for after the latter decided to shut its dairy operations in India.

References

{{Reflist

External links

Official website
Dairy products companies of India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange