Parag Dairy

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Parag, established in 1992, is one of India’s largest private dairy companies. It has a milk processing capacity of up to 2,000,000 litres per day (LPD) - 1,200,000 LPD at its facility in Manchar, and another 800,000 LPD at Palamner. Parag procures milk from 22 districts in 4 states – Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu. The Company collects raw milk from over 4,300 village level collection centres, 77 chilling centres (including 37 owned by the Company), and 37 Bulk Cooling units across the Manchar / Palamner districts. The Company has a diversified product portfolio ranging from liquid milk to value added products like UHT milk, cheese, butter, ghee (clarified butter), paneer (cottage cheese), yoghurt, curd, lassi, flavoured milk, dairy whitener and milk powder sold under the brands ‘GO’, ‘Gowardhan’ and ‘Top Up’, with value added products being > 60% of sales. It owns one of the largest integrated cheese plants in Asia with capacity of 40 tons per day.The Company also established backward integrated operations into dairy farming in 2005 when it established Bhagyalakshmi Dairy Farms (a fully owned subsidiary), a modern farm with ~2500 cows (of which ~1100 are milking cows) that serves as an R&D unit for improving the yield and quality of milk. The project under consideration is Parag’s further expansion into value added products, especially whey (de-mineralised whey powder) and UHT milk, strengthening its current operations through plant automation, refurbishing of old manufacturing areas and expanding its procurement and distribution networks. The expansion, automation and refurbishment activities will be carried out at Parag’s existing facilities in Manchar and Palamner.