Parag Milk Foods Ltd announces new independent board directors

INDIA – Parag Milk Foods, renowned for its Gowardhan brand, has appointed Amitabh Mukhopadhyay and Milind Anil Patil as Independent Directors to its Board.

The move underscores the company’s commitment to strong corporate governance and strategic agility as it pursues sustainable growth and global expansion in the nutrition space.

Mukhopadhyay is a veteran corporate leader with over 35 years of experience spanning renowned organizations such as the Tata Group and Thermax.

Currently, he serves on the boards of several companies, including Quick Heal Technologies, Foseco India, Heubach Colourants India and Sanghvi Movers.

Additionally, he heads a strategic advisory firm specialising in global M&A, post-merger integration, and business transformation, and actively mentors startups within India’s innovation ecosystem.

“I have always admired Parag Milk Foods’ unique blend of legacy and innovation. In an industry that’s evolving rapidly, the company’s strategic focus on value-added nutrition and sustainable practices positions it for long-term impact. I look forward to contributing to strengthening financial stewardship and board governance as it scales new frontiers,” he said.

Patil brings nearly four decades of expertise in the pharmaceutical and healthcare industries. He retired in 2024 as Regional Finance Lead – Emerging Asia and CFO & Executive Director (India) at Pfizer.

Before that, he held senior leadership roles at Siemens, Novartis, Johnson & Johnson, Parke-Davis/Warner Lambert and Ciba-Geigy.

Patil said, “I am excited to join Parag Milk Foods at a time of such dynamic opportunity. I look forward to supporting the leadership team in strengthening financial discipline, accelerating innovation, and driving long-term stakeholder value.”

Parag Milk shares rise 1.9% as Q3 profit, revenue grow

Earlier this year, the company reported a 1.90% rise in its shares to Rs 168.95, following a solid performance in the third quarter of the 2025 financial year.

The company reported a 6% increase in consolidated net profit, reaching Rs 36 crore, alongside a 10% growth in revenue to Rs 885 crore compared to the same period last year.

EBITDA improved by 13% to Rs 79 crore in the third quarter, up from Rs 70 crore in Q3 FY24. 

Profit before tax stood at Rs 38 crore, marking a 15% increase from Rs 33 crore in the previous year. 

The company attributed this growth to strong performance in its core categories, which include ghee, cheese, and paneer. 

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