Prabhat Dairy Limited (PDL) is a public Company domiciled and headquartered in India. The Company was incorporated on 25 November 1998 as a Private Limited Company and converted to a Public Limited Company on 19 March 2015. Consequent to completion of its Initial Public Offering (‘IPO’), the equity shares of the Company were listed on the National Stock Exchange of India Limited and BSE Ltd. on 21st September 2015. The Company is engaged in the business of procurement and processing of milk and sale of milk and milk products like Ghee, Flavoured Milk, Skimmed Milk Powder, Whole Milk Powder and Condensed Milk etc. It caters to the needs of retail as well as the industrial trade sector. Total market capital is ~₹490 cr. PDL has presence in western, north and northeast region of India.
Sunfresh Agro Industries Private Ltd. (SAIPL) is wholly owned step-down subsidiary of PDL incorporated in 2007. Engaged in the business of processing of milk, manufacturing and sale of various milk products including skimmed milk powder.
Cheese Land Agro (India) Private Limited (CLAPL) is engaged in the business of trading of milk products. CLAPL is a Wholly Owned Subsidiary (WoS) of PDL. Further, CLAPL also holds 70.71% stake in SAIPL.
Lactalis, a French conglomerate, is one of the world’s largest in dairy industry catering to Asia, Africa, Middle East and in the French Overseas Territories. It entered Indian in 2013 by acquiring 100% stake in Tirumala for around Rs 1895 crores with plants located in southern states cities of Hyderabad, Vijayawada, Ganagavaram (AP), Bengaluru and Chennai.
In 2016, the company acquired dairy business of the Anik Industries Limited being run at its plants situated at Dewas, Bhopal in the state of Madhya Pradesh and at Etah in the state of Uttar Pradesh as a going concern on Slump Sale basis lump sum consideration in cash of approximately Rs. 470 Crore
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