TVS Capital Funds for a consideration of Rs 85 Crore acquired a 7.57% stake in Prabhat Dairy. The investment made compatible with industrial players is expected to yield great returns .The investment is routed through the TVS Shriram Fund Scheme 1B (TSGF 1B).
Promoted by Nirmal family the company started its operation in 1988, Prabhat diary is into procuring, distributing and processing of milk products within the Western areas of Maharashtra. Sun fresh Agro Industries, Frozen Food Industries and Prabhat Nutritious forms the subsidiaries of Prabhat Dairy.
Packaging and processing pasteurized milk is done through poly pouches. Cow Ghee, Dairy whitener, Flavored milk, Sweetened condensed milk, Skimmed and Whole milk powder, Milk Cream UHT Milk and butter are the products under the brand ‘Prabhat’ .Products are also sold under the name tagFlava and the Milk Magic. It has Production unit at Srirampur (Maharashtra) with milk processing capacity of about 6 lakh litres on a day to day basis. Prabhat’s dairy products ranges from milk powder, curd, condensed milk to products like ghee, liquid milk, flavored milk and UHT milk to be catered to retailers.
Currently the company procures nine lakh liters of milk a day providing services to both institutional as well as the retail segments.
The company stands with an aggregate processing capacity of about 1.5 million liters of milk per day. And has 350 distributors throughout the country with high focus towards North East and west of India.
As with statistics on February 28, 2015, the company has 450 milk accumulation centers, 80 bulk milk coolers and 15 chilling plants. It has got automatic testing equipment provided with specialized storage facilities that collects, tests and stores the raw milk before transiting it to the production facilities.
