About Milk Mantra Dairy Private Limited
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Milk Mantra Dairy Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 04 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U15202OR2009PTC027213. Its GSTIN is 21AAGCM1112L1ZY (Odisha). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹4.78 Cr. It is led by directors including Sathyanarayanan Dorairaj and Shanmuga Priyan Jegathesan.
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Z Tower Nandankanan Road Plot No 437/1893 Patia, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2024, the company reported a revenue of ₹279.07 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹9.04 Cr (net margin 3.2%) and EBITDA of ₹16.53 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 6% over five years.
The company has about 449 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Milky Moo, DailyMoo and Milk Mantra. As per MCA filings, the company has open charges of ₹52.02 Cr and satisfied charges of ₹63.53 Cr on record. Court records list 84 cases involving the company, including 77 filed by the company and 7 filed against it; 60 cases are pending. The company has 21 deals on record (12 funding rounds, 3 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹135.55 Cr; the latest was in January 2025. Its 6 peer companies in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 2 smaller; the largest is Markandeshwar Food and Allied Product Ltd with revenue of ₹291.55 Cr. The company has 13 MSME Form 1 returns on record between 2018 and 2024, listing 283 overdue payments to 21 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milkmantra.com.
Company details
CIN history
Milk Mantra Dairy has one previous CIN (Corporate Identification Number): U15202WB2009PTC137467. The current CIN is U15202OR2009PTC027213, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15202OR2009PTC027213 | Current |
| U15202WB2009PTC137467 | Previous |
Contact details
Milk Mantra Dairy Private Limited's registered office is in Bhubaneswar, Odisha. Its website is milkmantra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7th Floor Z Tower Nandankanan Road Plot No 437/1893 Patia, Bhubaneswar, Odisha, India – 751024
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Milk Mantra Dairy Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Milk Mantra Dairy operates multiple associated brands including Milky Moo, DailyMoo, and Milk Mantra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A direct-to-consumer brand offering high-quality milk products. | milkymoo.com | |
| Offers a platform for subscription-based dairy products delivery. | dailymoo.in | |
| Multi-category dairy products are supplied to urban consumers. | milkmantra.com |
Business activity
The main business activities of Milk Mantra Dairy are manufacturing and trade. In detail, this covers food, beverages and tobacco products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Milk Mantra Dairy Private Limited, buy the company report.
Financials of Milk Mantra Dairy Private Limited
FY 2025 filings availableMilk Mantra Dairy Private Limited reported revenue of ₹279.07 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 1% growth in the latest year. EBITDA rose 352% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹16.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.04 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Milk Mantra Dairy Private Limited, buy the company report.
Board of directors of Milk Mantra Dairy Private Limited
Milk Mantra Dairy has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathyanarayanan Dorairaj | Additional Director | 27 Jan 2025 | 1 Years 9 Months | Current |
| Shanmuga Priyan Jegathesan Also directs: Hatsun Agro Product Limited | Additional Director | 27 Jan 2025 | 1 Years 9 Months | Current |
| Rajendran | Additional Director | 27 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Milk Mantra Dairy Private Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Markandeshwar Food and Allied Product Ltd | ₹291.55 Cr (FY 2025) | -7.0% | Haryana, India | |||
| Aneja Foods Private Limited | ₹289.72 Cr (FY 2025) | -1.0% | Barnala, Punjab, India | |||
| Umang Dairies Limited | ₹288.57 Cr (FY 2024) | -2.0% | Gajraula, Uttar Pradesh, India | |||
| Kute Sons Fresh Dairy Private Limited | ₹286.79 Cr (FY 2021) | 11.0% | Satara, Maharashtra, India | |||
| Milk Mantra Dairy Private Limitedthis company | ₹279.07 Cr (FY 2024) | ₹9.04 Cr | 3.2% | 1.0% | Bhubaneswar, Odisha, India | |
| Mann's Frozen Foods Private Limited | ₹274.37 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Continental Milkose (India) Limited | ₹272.88 Cr (FY 2025) | -2.0% | Guwahati, Assam, India |
To see the full peer comparison of Milk Mantra Dairy Private Limited, buy the company report.
Auditor
Milk Mantra Dairy Private Limited is audited by S.R. BATLIBOI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO LLP | FY 2023 | 301003E |
Shareholding
The shareholding of Milk Mantra Dairy Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Milk Mantra Dairy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2023 | 100719420 | Others | ₹10 Cr | Satisfied | |
| 23 Jun 2021 | 100459911 | Others | ₹6.67 Cr | Satisfied | |
| 03 May 2021 | 100443637 | Others | ₹41.57 Cr | Satisfied | |
| 30 May 2016 | 100035354 | Idbi Bank Limited | ₹4.85 Cr | Satisfied | |
| 07 Feb 2011 | 10275972 | Idbi Bank Limited | ₹45 Lakh | Satisfied |
To see the full charge records of Milk Mantra Dairy Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Milk Mantra Dairy Private Limited has 21 deals on record (12 funding rounds, 3 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹135.55 Cr; the latest was in January 2025.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Acquisition | ₹233 Cr | Buyer: Hatsun Agro Product Limited Seller: Aavishkaar Capital, Eight Roads Ventures, State Bank of India’s Neev Fund |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Eight Roads Ventures Seller: an individual |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Eight Roads Ventures, Aavishkaar Capital Seller: Aavishkaar Capital, Odisha Television Limited. , 2 individuals |
| Mar 2014 | Funding round | ₹30.2 Lakh | Investors: Odisha Television Limited. |
| Dec 2013 | Funding round | ₹28.9 Lakh | Investors: Odisha Television Limited. |
To see the full deal history of Milk Mantra Dairy Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Milk Mantra Dairy Private Limited has 84 court cases on record: 77 filed by Milk Mantra Dairy, 7 filed against it. 60 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 4 | 58 |
| High courts | 5 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Puri, Odisha | Court case (Exn) | Filed by the company against Swatinananda Reddy, Managing Director RMC Packing Systems Private Limited | Pending |
| District court, Virudhunagar, Tamil Nadu | Court case (COS) | Filed against the company by Prompt Barrier Films Private Limited, Through Its Managing Director, Virudhunagar | Pending |
| District court, Virudhunagar, Tamil Nadu | Civil suit | Filed against the company by Prompt Barrier Films Private Limited. | Disposed |
| High Court, ORISSA | Writ petition | Filed against the company by an individual | Pending |
| District court, Ganjam, Odisha | Court case (I.c.c) | Filed against the company by an individual | Pending |
To see the full case history of Milk Mantra Dairy Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Milk Mantra Dairy Private Limited was last rated by Crisil on 13 Feb 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Feb 2018 |
To see the full credit ratings and regulatory alerts of Milk Mantra Dairy Private Limited, buy the company report.
MSME payment delays
Milk Mantra Dairy Private Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 283 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Multivac Laraon India Private Limited | |||
| Lorven Flex and Sack India Private Limited | |||
| Omm Scientific | |||
| B & A Packaging India Limited | |||
| an individual supplier |
To see the full MSME payment records of Milk Mantra Dairy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Milk Mantra Dairy has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAGCM1112L1ZY | Odisha | Active | 01 Jul 2017 |
| 19AAGCM1112L1ZJ | West Bengal | Active | 01 Jul 2017 |
| 20AAGCM1112L1Z0 | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milk Mantra Dairy Private Limited, buy the company report.
Recent activity
Milk Mantra Dairy Private Limited has 22 board changes on record since 2014: 4 appointments and 18 cessations. The latest: Aditya Gurunath Systla ceased to be Nominee Director on 27 Jan 2025.
26 earlier events are in the company report.
News
Frequently asked questions
Milk Mantra Dairy is an active private limited company based in Bhubaneswar, Odisha, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 04 August 2009 (17+ years old) and is registered under CIN U15202OR2009PTC027213.
Milk Mantra Dairy has 3 current directors:
- Sathyanarayanan Dorairaj - Additional Director
- Shanmuga Priyan Jegathesan - Additional Director
- Rajendran - Additional Director
The latest financial statements of Milk Mantra Dairy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Milk Mantra Dairy is 21AAGCM1112L1ZY, registered in Odisha. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 19AAGCM1112L1ZJ (West Bengal), 20AAGCM1112L1Z0 (Jharkhand).
The CIN (Corporate Identification Number) of Milk Mantra Dairy is U15202OR2009PTC027213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milk Mantra Dairy has 84 court cases on record: 77 filed by the company and 7 filed against it. 60 are pending. Most are in the district courts.
Milk Mantra Dairy was incorporated on 04 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Cuttack.
Milk Mantra Dairy has 21 deals on record (12 funding rounds, 3 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹135.55 Cr; the latest was in January 2025.
The peers of Milk Mantra Dairy by revenue are Markandeshwar Food and Allied Product Ltd, Aneja Foods Private Limited, Umang Dairies Limited, Kute Sons Fresh Dairy Private Limited, Mann's Frozen Foods Private Limited and 1 more, all in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Aditya Gurunath Systla ceased to be Nominee Director on 27 Jan 2025. Kailash Chandra Gahir ceased to be Additional Director on 27 Jan 2025. Rajendran was appointed as Additional Director on 27 Jan 2025. Milk Mantra Dairy has 22 board changes on record in total.
Milk Mantra Dairy has 13 MSME Form 1 returns on record between 2018 and 2024, listing 283 overdue payments to 21 micro and small suppliers. The latest return was filed on 01 May 2024.
Milk Mantra Dairy can be reached through the website milkmantra.com. Its registered office is in Bhubaneswar, Odisha, India.
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