About Parag Milk Foods
Parag Milk Foods is a company based in Pune (India) founded in 1992 by Devendra Shah.. Parag Milk Foods has raised $45.49 million across 5 funding rounds from investors including IDFC First Bank, Motilal Oswal Private Equity and Sixth Sense Ventures. The company has 2,830 employees as of March 31, 2024. Parag Milk Foods offers products and services including Milk, Cheese, Ghee, and Yogurts. Parag Milk Foods operates in a competitive market with competitors including Sid's Farm, Dodla Dairy, Oatly, Desi Farms and Milk Mantra, among others.
- Headquarter Pune, India
- Employees 2830 as on 31 Mar, 2024
- Founders Devendra Shah
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Parag Milk Foods Ltd.
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Annual Revenue
$390.65 M (USD)7.94as on Mar 31, 2024
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Net Profit
$13.9 M (USD)31.13as on Mar 31, 2024
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EBITDA
$22.2 M (USD)15.95as on Mar 31, 2024
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Total Equity Funding
$45.49 M (USD)
in 5 rounds
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Latest Funding Round
$16.4 M (USD), Post-IPO
Aug 24, 2022
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Investors
IDFC First Bank
& 2 more
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Employee Count
2830
as on Mar 31, 2024
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IPO & Listings of Parag Milk Foods
Parag Milk Foods is a publicly listed company on the NSE with ticker symbol PARAGMILK in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Parag Milk Foods
Parag Milk Foods offers a comprehensive portfolio of products and services, including Milk, Cheese, Ghee, and Yogurts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fresh milk delivered from farms to consumers for daily nutrition.
Packaged cheese varieties for convenient everyday use.
Traditional ghee made from milk for cooking and health benefits.
Fruit-based yogurts providing healthy and tasty options.
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Funding Insights of Parag Milk Foods
Parag Milk Foods has successfully raised a total of $45.49M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $16.4 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $16.4M
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First Round
First Round
(01 May 2008)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Post-IPO - Parag Milk Foods | Valuation |
investors |
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| May, 2021 | Amount | Post-IPO - Parag Milk Foods | Valuation |
investors |
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| Oct, 2015 | Amount | Private Equity Round - Parag Milk Foods | Valuation | IDFC First Bank |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parag Milk Foods
Parag Milk Foods has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include IDFC First Bank, Motilal Oswal Private Equity and Sixth Sense Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in consumer-focused startups in India.
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Founded Year | Domain | Location | |
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Private equity investment firm focused on growth stage companies
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parag Milk Foods
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parag Milk Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parag Milk Foods Comparisons
Competitors of Parag Milk Foods
Parag Milk Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sid's Farm, Dodla Dairy, Oatly, Desi Farms and Milk Mantra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription-based dairy products are delivered via an internet-first brand.
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| domain | founded_year | HQ Location |
Multi-category dairy products are manufactured and branded.
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| domain | founded_year | HQ Location |
Plant-based dairy alternatives from oats are provided by Oatly.
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| domain | founded_year | HQ Location |
Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products
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| domain | founded_year | HQ Location |
Multi-category dairy products are supplied to urban consumers.
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| domain | founded_year | HQ Location |
Heritage Foods is engaged in manufacturing and supplying dairy products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parag Milk Foods
Frequently Asked Questions about Parag Milk Foods
When was Parag Milk Foods founded?
Parag Milk Foods was founded in 1992 and raised its 1st funding round 16 years after it was founded.
Where is Parag Milk Foods located?
Parag Milk Foods is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Parag Milk Foods a funded company?
Parag Milk Foods is a funded company, having raised a total of $45.49M across 5 funding rounds to date. The company's 1st funding round was a Private Equity Round of $9M, raised on May 01, 2008.
How many employees does Parag Milk Foods have?
As of Mar 31, 2024, the latest employee count at Parag Milk Foods is 2,830.
What is the annual revenue of Parag Milk Foods?
Annual revenue of Parag Milk Foods is $390.65M as on Mar 31, 2024.
What does Parag Milk Foods do?
Founded in 1992 and headquartered in Pune, India, the company operates in the dairy sector. Manufacturing and supply of various milk products are handled, including fresh milk, UHT milk, cheese, yogurt, curd, lassi, butter, ghee, paneer, cream, whey proteins, milk powders, and proprietary items like dairy whitener. Operations serve both domestic and international markets through a diverse product range.
Who are the top competitors of Parag Milk Foods?
Parag Milk Foods's top competitors include Sid's Farm, Dodla Dairy and Oatly.
What products or services does Parag Milk Foods offer?
Parag Milk Foods offers Milk, Cheese, Ghee, and Yogurts.
Is Parag Milk Foods publicly traded?
Yes, Parag Milk Foods is publicly traded on NSE under the ticker symbol PARAGMILK.
Who are Parag Milk Foods's investors?
Parag Milk Foods has 3 investors. Key investors include IDFC First Bank, Motilal Oswal Private Equity, and Sixth Sense Ventures.
What is Parag Milk Foods's ticker symbol?
The ticker symbol of Parag Milk Foods is PARAGMILK on NSE.
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