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Issue Date:Oct 16 2017 12:00AM     Price in Rs. R 6500    Price in USD. $ 100

Satara, Maharashtra based Govind Milk And Milk Products Pvt Ltd is a midsize dairy. The company is engaged in the processing of milk and milk products, viz, skimmed milk powder (SMP), flavored milk, paneer, butter, ghee, curd, lassi and ice cream amongst others. B2B sales accounted for around around 15% of total sales while rest is sold in retail under the brand ‘Govind’. The company has appointed a team of around 617 distributors and 11 C&F agents spread across Maharashtra, Goa, Gujarat, Karnataka, Tamil Nadu, Haryana, Punjab and Himachal Pradesh. Maharashtra remains the major contributor towards the total sales of the company contributing to around 60% of the total sales.


Having been a family run firm for its first 20 years, the company has now got an external professional as MD and is looking to grow aggressively. Its revenues have grown at a CAGR of 21% over FY12-16. Reported profits remain constrained, however.


The limited company was incorporated in Aug’96 by the erstwhile princely family of Naik Nimbalkars of Phaltan, in Satara.  The company has 7 directors – Rajiv Mitra (managing director), Sanjeev V Naiknimbalkar, Shivanjali S Naiknimbalkar, Chandrashekhar V Jagtap, Ganpatrao M Dhumal, Chandrakant Y Ranavare, Vinod Marwaha.


During FY16, the company reported revenues of Rs 5.65B (USD 88m) and profit after tax of Rs 40 m (USD 0.67 m).

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


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