Parag Milk Foods

Parag Milk Foods began operations in 1992 with a dairy in Manchar, Maharashtra. The facility had an initial capacity of 20,000 litres and produced skimmed milk powder. This initial specialization placed the company in the milk-powder segment, where dairy processors transform liquid milk into a storable ingredient suitable for distribution, industrial use, and export. The company developed an export business around skimmed milk powder. By 2004, it was described as India's largest exporter of the product. This achievement reflected the importance of export channels to its early development, but also exposed the company to changes in domestic supply conditions and public policy. When the Government of India banned exports of milk powder because of a shortage of milk in the local market, Parag Milk Foods encountered a significant constraint on its export-oriented activity. The episode illustrates how Indian dairy processors can be affected by the balance between domestic food security and international trade. Parag Milk Foods subsequently expanded its manufacturing presence through acquisition. In 2018, it bought Danone's dairy facility in Sonipat, Haryana, for a reported ₹30 crore. Danone had decided to close its dairy operations in India, making the site available to another dairy operator. For Parag Milk Foods, the transaction added a northern Indian facility to a business that had originated at Manchar and supported geographic expansion of its production network. The supplied reference material does not provide a detailed account of the company's founders, senior executives, consumer brands, current product range, ownership structure, revenue, or later corporate developments. Accordingly, the documented history is best understood as the story of an Indian dairy processor that moved from a small-capacity Manchar operation into skimmed-milk-powder exports and later expanded its manufacturing footprint through the Sonipat acquisition.

• 2018

  Acquisition of Danone's Sonipat facility

  [1]Parag Milk Foodsen.wikipedia.org

  Parag Milk Foods acquired Danone's dairy facility in Sonipat, Haryana, following Danone's decision to shut its dairy operations in India.

• 2004

  Becomes a leading skimmed-milk-powder exporter

  [1]Parag Milk Foodsen.wikipedia.org

  The company was described as India's largest exporter of skimmed milk powder.

• 1992

  Operations begin at Manchar

  [1]Parag Milk Foodsen.wikipedia.org

  Parag Milk Foods started as a dairy in Manchar with an initial processing capacity of 20,000 litres.

• Milk-powder export restriction affects the business

  [1]Parag Milk Foodsen.wikipedia.org

  The Government of India banned milk-powder exports because of a domestic milk shortage, creating a challenge for the company's export activity.

An Indian dairy-processing company with roots in milk-powder manufacturing, export activity, and expansion through production facilities.

• Dairy ingredient · 1992

  Skimmed milk powder

  Skimmed milk powder was the company's initial documented product and became the basis of its early export business. It is produced by removing much of the milk fat and drying the remaining milk solids into a shelf-stable powder. Parag Milk Foods' activity in this segment was substantial enough for the company to be described as India's largest exporter of skimmed milk powder in 2004.

• Dairy

  Dairy products

  Parag Milk Foods is documented as a dairy company with manufacturing operations beyond its original Manchar milk-powder facility. The supplied sources do not identify a complete current list of consumer products or individual product brands, so this entry records the broader dairy category without attributing unverified offerings.

• 2018

  Purchase of Danone's Sonipat dairy facilityM&A

  Background

  Danone decided to shut its dairy operations in India, making its Sonipat, Haryana, facility available for acquisition.

  Action taken

  Parag Milk Foods acquired the facility for a reported ₹30 crore.

  Aftermath

  The transaction expanded Parag Milk Foods' manufacturing footprint beyond its original Manchar operation. The supplied sources do not provide further details about subsequent capacity, employment, or financial effects.

  Acquisition price. ₹30 crore transaction value (2018)

  Source

• Response to the milk-powder export banOther

  Background

  The Government of India banned milk-powder exports because of a shortage of milk in the domestic market.

  Action taken

  The company had to contend with the loss or restriction of export opportunities for milk powder.

  Aftermath

  The export ban was identified as a challenge to the company's business, but the supplied sources do not document a specific strategic response or quantified financial impact.

  Source

• 2018

  Parag Milk Foods acquires Danone's Sonipat dairy facility[1]Parag Milk Foodsen.wikipedia.org

  M&A

  Parag Milk Foods acquired Danone's dairy facility in Sonipat, Haryana, after Danone decided to close its dairy operations in India. The reported transaction value was ₹30 crore.

• Government milk-powder export ban challenges Parag Milk Foods[1]Parag Milk Foodsen.wikipedia.org

  Regulation

  The company faced a business challenge after the Government of India banned milk-powder exports because of a domestic milk shortage.

1. 1Parag Milk Foodsen.wikipedia.org
2. 2Parag Milk CFO resignsbusiness-standard.com
3. 3Parag Milk Foods collaborates with Kareena Kapoor for brand 'Pride of Cows'business-standard.com