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
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- Legal Name Parag Milk Foods Ltd.
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Annual Revenue
$391.42 M (USD)7.94as on Mar 31, 2025
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Net Profit
$13.93 M (USD)31.13as on Mar 31, 2025
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EBITDA
$22.24 M (USD)15.95as on Mar 31, 2025
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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.
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.
People of Parag Milk Foods
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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.
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.
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Venture capital fund investing in consumer-focused startups in India.
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Private equity investment firm focused on growth stage companies
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Commercial bank
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Investor details for Parag Milk Foods
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Investments & Acquisitions by Parag Milk Foods
Investment portfolio details for Parag Milk Foods
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Financial Statements - Parag Milk Foods
Detailed financials for Parag Milk Foods
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Parag Milk Foods Comparisons
Peer comparison for Parag Milk Foods
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Subscription-based dairy products are delivered via an internet-first brand.
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Multi-category dairy products are manufactured and branded.
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Plant-based dairy alternatives from oats are provided by Oatly.
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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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Multi-category dairy products are supplied to urban consumers.
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Heritage Foods is engaged in manufacturing and supplying dairy products.
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Detailed competitors of Parag Milk Foods
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Latest news on Parag Milk Foods
Complete news archive for Parag Milk Foods
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Frequently Asked Questions about Parag Milk Foods
Parag Milk Foods was founded in 1992 and raised its 1st funding round 16 years after it was founded.
Parag Milk Foods is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Parag Milk Foods is a funded company, having raised a total of $45.49M across 5 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Parag Milk Foods is 2,830.
Annual revenue of Parag Milk Foods is $391.42M as on Mar 31, 2025.
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.
Parag Milk Foods's top competitors include Sid's Farm, Dodla Dairy and Oatly.
Parag Milk Foods offers Milk, Cheese, Ghee, and Yogurts.
Yes, Parag Milk Foods is publicly traded on NSE under the ticker symbol PARAGMILK.
Parag Milk Foods has 3 investors. Key investors include IDFC First Bank, Motilal Oswal Private Equity, and Sixth Sense Ventures.
The ticker symbol of Parag Milk Foods is PARAGMILK on NSE.