MUMBAI: Parag Milk Foods, the makers of the Gowardhan brand of milk, curd, ghee and cheese, plans to double its production capacity for milk and cheese in the next two years, a top company official has said.
"The combined processing capacity of the Manchar and Palamner plants is 20 lakh litres milk a day. The current capacity of cheese is about 40 tonnes a day.
"We are further going to enhance the capacities of both these plants as well as cheese manufacturing. We are planning to double our capacity by 2015," Parag Milk Foods Chairman and Managing Director Devendra Shah told PTI.
He, however, declined to give the investment for the capacity enhancement.
The Pune-based company is eyeing 40 per cent growth in its revenue this fiscal to Rs 1,400 crore.
"Last year, our turnover was Rs 1,000 crore and this year we are expecting to touch Rs 1,400 crore," Shah said.
The company also plans to expand its presence to the North this fiscal and is mulling the joint venture route for the same.
"For production facilities especially for the North, we are planning to enter JVs or partnerships with dairies in the North and it is only for fresh products like yogurt, flavoured milk, dahi, lassi, paneer. However, it would be too early to comment on JVs," he said.
He further said the company is also planning its own outlets in Mumbai and Pune.
"We are experimenting with this concept with a few outlets in Mumbai and Pune. It would be too early to comment more on this," he said, adding the company also plans to increase its product portfolio and will launch 'Srikhand' in the near future.
Parag Milk's product portfolio includes skimmed milk powder, whole milk powder, ghee, processed cheese, butter, curd, proprietary foods like dairy whitener and gulab jamun mix powder under the brand names 'Gowardhan' and 'Go'.