Pune based - 
Parag Milk Foods Private Limited is planning to raise $50 Mn PE funding and is in talks with TPG Capital India and Bain Capital Advisors, according to Mint.
The company plans to increase its distribution across India.
In 2008, Motilal Oswal Venture Capital invested R60Cr in the company for 11% stake.
Founded in 1992, Parag Milk Foods engages in the manufacture, distribution, and export of dairy products in India. It exports milk products to 27 countries in West Asia, south-east Asia and Africa.
It sells it products under ‘Gowardhan' and 'Go' brand. The company’s plant in Pune churns out 1 Mn litres of milk per day, has an output capacity upto 10 MT of butter, 25 MT of ghee and 10 MT of yoghurt and 65 MT of milk powder.
Parag Milk Foods has a pan-India network. It operates with more than 300,000 retail outlets and have more than 2,000 distributors.
In this space, Creamline Dairy Products which sells 'Jersey' brand of dairy products, was planning to raise R100Cr through private equity.
In 2010, Carlyle invested R110Cr for a minority stake in Andhra Pradesh based - Tirumala Milk Products.
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24632
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 08/02/12 |
Parag Milk Foods - Fund Raising |
Private Equity |
|
50.00 |
| 03/06/08 |
Parag Milk - India Business Excellence |
Private Equity |
India Business Excellence Fund |
14.00 |
| 01/01/08 |
Parag Milk Foods - Ladderup |
Venture Capital |
Ladderup Finance Limited (VC) |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 21/05/12 |
M&A |
Vilmorin & Cie |
Bisco Bio Sciences Private Limited |
- |
Completed |
| 14/05/12 |
Venture Capital |
Acumen Fund Advisory Services India Private Limited |
BASIX Krishi Samruddhi Limited |
2.00 |
Completed |
| 30/04/12 |
M&A |
Roquettee Freres |
Riddhi Siddhi Corn Processing Private Limited |
180.92 |
Completed |
| 23/04/12 |
M&A |
Rossell India Limited (Formerly Rossell Tea Ltd) |
Namsang Tea Estate |
5.44 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Parag Milk Foods Private Limited |
Devendra Prakash Shah |
Flat No.1, Plot No.19,Nav Rajasthan Soc., behind Ratna Memorial Hospital, S.B.Road, Shivaji Nagar |
|
www.gowardhanindia.com |
