About Prabhat Dairy
Prabhat Dairy is a Consumer company based in Ahmednagar (India) founded in 1998, and was acquired by Tirumala Milk in January 2019. Manufacturer of dairy ingredients and consumer dairy products for retail and institutional clients. Prabhat Dairy has raised $12.9 million across 2 funding rounds from investors including TVS Capital Funds, Thirumala Milk and Rabo Equity Advisors. The company has 807 employees. Its chief executive, as recorded, is Rajiv Mitra. Its Indian entity Sunfresh Agro Industries Private Limited reported revenue of ₹1,330 Cr. Its focus areas include Food and Agriculture, Food & Beverage Products, Dairy and Multi-category. Its competitors include Sid's Farm, Dodla Dairy and Desi Farms; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1998 in Ahmednagar, India, operations are focused on the dairy sector. Ingredients such as skimmed milk powder, whey powder, sweetened condensed milk, paneer, ghee, dairy whitener, and curd are produced. Consumer items including masala chaas, gold milk pouches, paneer thermo packs, butter, salted cheese, cheddar cheese slices, dahi, processed cheese, and shrikhand cups are also offered. Supplies are provided to retail customers, institutions, hotels, restaurants, and caterers.
- Headquarters Ahmednagar, India
- Employees 807
- Stage Acquired
- SectorsConsumer
- Phone•••• ••••
- Website prabhatdairy.in
- Social LinkedIn X Facebook
- Acquired by Tirumala Milk (Jan 2019)
- Legal Name Sunfresh Agro Industries Private Limited
- Date of Incorporation 22 Jan, 2007
- Jurisdiction Ahmednagar, Maharashtra, India
- Annual Revenue₹1,330 Cr
FY 2024 · -8% YoY
- Net Loss-₹22.49 Cr
FY 2024 · -2% margin
- EBITDA₹49.61 Cr
FY 2024 · 4% margin
- Total Equity Funding$12.9M (USD)
in 2 rounds
- Latest Funding Round$12.9M (USD), Private Equity Round
Sep 2015
- InvestorsTVS Capital Funds
& 2 more
- Employee Count807
- Acquired byTirumala Milk
(Jan 2019)
Associated legal entities of Prabhat Dairy
Prabhat Dairy is associated with 3 registered companies on The Company Check; the primary company is Sunfresh Agro Industries Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sunfresh Agro Industries Private Limited CIN U01122PN2007PTC129505 | Active | 22 Jan 2007 | Ahmednagar, Maharashtra | ₹1,330 Cr | 807 | 4 | View details |
| Madhyam Agrivet Industries Limited Listed CIN L01100PN1998PLC013068 | Active | 25 Nov 1998 | Shrirampur, Maharashtra | ₹76.6 Cr | 8 | 7 | View details |
| Tirumala Milk Products Private Limited CIN U15209TN1998PTC102741 | Active | 13 Nov 1998 | Chennai, Tamil Nadu | ₹2,692 Cr | 1,658 | 4 | View details |
Funding Insights of Prabhat Dairy
Prabhat Dairy has successfully raised a total of $12.9M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $12.9 million completed in September 2015. 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 $12.9M
- Total Rounds 2
- Last Round Private Equity Round — $12.9M
- Investors Count 2
All 2 funding rounds of Prabhat Dairy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2015 | $12.9M | Private Equity Round | – | TVS Capital Funds | – |
| Sep 2012 | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Prabhat Dairy
Prabhat Dairy has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include TVS Capital Funds, Thirumala Milk and Rabo Equity Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in growth equity and insurtech sectors in India. | 2007 | tvscapital.in | Chennai, India | |
Manages diversified investment funds and portfolios for clients. | 1972 | raboequity.com | Delhi, India | |
Thirumala Milk is recognized as a leading dairy company in South India. | 1996 | tirumalamilk.com | Chennai, India |
Investor details for Prabhat Dairy
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Board of directors of Sunfresh Agro Industries Private Limited (Prabhat Dairy)
Sunfresh Agro Industries Private Limited is the primary company behind Prabhat Dairy. The boards of the 3 registered companies of Prabhat Dairy currently have 9 directors; the longest-serving is Sarangdhar Ramchandra Nirmal, appointed in 1998. 72 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sarangdhar Ramchandra Nirmal DIN 00035234 | Managing Director | 25 Nov 1998 | 27 yrs 11 mo | Madhyam Agrivet Industries Limited |
| Vivek Sarangdhar Nirmal DIN 00820923 | Managing Director | 01 May 2012 | 14 yrs 6 mo | Madhyam Agrivet Industries Limited |
| Bhaskar Gaikwad DIN 08440915 | Director | 29 May 2019 | 7 yrs 5 mo | Madhyam Agrivet Industries Limited |
| Vaibhav Sopan Parjane DIN 08102059 | Director | 29 May 2019 | 7 yrs 5 mo | Madhyam Agrivet Industries Limited |
| Richa Gunjan Ahuja DIN 08863341 | Director | 24 Sep 2020 | 6 yrs 1 mo | Madhyam Agrivet Industries Limited |
| Odete Maria Guedes Ribeiro DIN 10242327 | Director | 18 Jul 2023 | 3 yrs 3 mo | Sunfresh Agro Industries Private Limited, Tirumala Milk Products Private Limited |
| Naresh Kumar Puritipati DIN 10418315 | Additional Director | 13 Dec 2023 | 2 yrs 10 mo | Sunfresh Agro Industries Private Limited, Tirumala Milk Products Private Limited |
| Alban Gabriel Louis Damour DIN 10418707 | Additional Director | 13 Dec 2023 | 2 yrs 10 mo | Sunfresh Agro Industries Private Limited, Tirumala Milk Products Private Limited |
| Anthony Alain Serandour DIN 11162143 | Additional Director | 20 Jun 2025 | 1 yr 4 mo | Sunfresh Agro Industries Private Limited, Tirumala Milk Products Private Limited |
People of Prabhat Dairy
5 people are tracked at Prabhat Dairy (4 in leadership, 1 in team); the tracked headcount is 807.
| Name | Role | Group |
|---|---|---|
| Co-Owner | Leadership | |
| Co-Owner | Leadership | |
| Co-Owner | Leadership | |
Rajiv Mitra | CEO | Leadership |
Mukund Dudhale | Manager CSR | Team |
Complete people profiles for Prabhat Dairy
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Financials of Prabhat Dairy
Figures of Sunfresh Agro Industries Private Limited, the primary company behind Prabhat Dairy, for FY 2024. Revenue was ₹1,330 Cr (-8% year on year). Net loss was -₹22.49 Cr (-2% margin). EBITDA was ₹49.61 Cr (4% margin). Revenue has grown at a compounded annual rate of +10% over three years and +4% over five years.
- ₹1,330 CrRevenue · FY 2024 · -8% YoY
- -₹22.49 CrNet loss · -2% margin
- ₹49.61 CrEBITDA · 4% margin
- ₹107 CrPaid-up capital
- 807Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sunfresh Agro Industries Private Limited are on its company page.
Detailed financial statements for Prabhat Dairy
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Timeline of Prabhat Dairy
5 dated milestones of Prabhat Dairy across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Prabhat Dairy is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Private Equity Round, of $12.9M.
- Exit Acquired by Tirumala Milk.
Competitors of Prabhat Dairy
Prabhat Dairy has 3 listed competitors in our database, 3 of them funded. They include Sid's Farm, Dodla Dairy and Desi Farms.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sidsfarm.com | 2013 | Hyderabad, India | $12.18M | 466 | Subscription-based dairy products are delivered via an internet-first brand. | |
| dodladairy.com | 1995 | Hyderabad, India | $84.05M | 6,259 | Multi-category dairy products are manufactured and branded. | |
| desifarmsindia.in | 2016 | Pune, India | $6M | 79 | Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products |
Detailed competitors of Prabhat Dairy
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Web traffic of Prabhat Dairy
The website of Prabhat Dairy (prabhatdairy.in) receives about 4.1K visits a month.
- Monthly visits4.1K
▼ 69.9% vs previous month
Websites whose visitors overlap most with Prabhat Dairy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| desifarmsindia.in | 100% | 18.1K | #752,808 | View details | |
| pravarshaindustries.com | 28% | 3.5K | #5,212,887 | View details |
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Prabhat Dairy (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Related news about Prabhat Dairy
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Frequently Asked Questions about Prabhat Dairy
Prabhat Dairy was founded in 1998 and raised its 1st funding round 14 years after it was founded.
Prabhat Dairy is headquartered in Ahmednagar, India. It is registered at Ahmednagar, Maharashtra, India.
Rajiv Mitra is the CEO of Prabhat Dairy, as recorded in our data.
Prabhat Dairy is a funded company, having raised a total of $12.9M across 2 funding rounds to date.
Prabhat Dairy has 807 employees.
The primary company behind Prabhat Dairy, Sunfresh Agro Industries Private Limited, reported revenue of ₹1,330 Cr for FY 2024, down 8% year on year.
Founded in 1998 in Ahmednagar, India, operations are focused on the dairy sector. Ingredients such as skimmed milk powder, whey powder, sweetened condensed milk, paneer, ghee, dairy whitener, and curd are produced. Consumer items including masala chaas, gold milk pouches, paneer thermo packs, butter, salted cheese, cheddar cheese slices, dahi, processed cheese, and shrikhand cups are also offered. Supplies are provided to retail customers, institutions, hotels, restaurants, and caterers.
Prabhat Dairy's top competitors include Sid's Farm, Dodla Dairy and Desi Farms.
Prabhat Dairy has 3 investors. Key investors include TVS Capital Funds, Thirumala Milk, and Rabo Equity Advisors.
Prabhat Dairy is associated with 3 legal entities: Sunfresh Agro Industries Private Limited, Madhyam Agrivet Industries Limited, Tirumala Milk Products Private Limited.
Yes. Prabhat Dairy was acquired by Tirumala Milk in January 2019.
The legal entities of Prabhat Dairy currently have 11 directors, including Vivek Sarangdhar Nirmal, Sarangdhar Ramchandra Nirmal, Bhaskar Gaikwad and others.