ITV

Tag: Devendra Shah

  • Parag Milk Foods appoints Sumit Jain as president of finance

    Parag Milk Foods appoints Sumit Jain as president of finance

    Mumbai: Parag Milk Foods Ltd, a manufacturer and marketer of dairy-FMCG products, is delighted to announce the appointment of  Sumit Jain as president of finance. With an established presence as a key player in the dairy industry, this strategic move underscores Parag Milk Foods’  dedication to nurturing top-tier talent and fostering the next generation of leaders who will guide the company’s future success.

    With an extensive background in financial management and a track record of success, Jain brings a wealth of expertise to the organization. A chartered accountant, Jain achieved All India Rank 18 in 2012 and All India Rank 22 in Cost  Accountancy in 2013. He was twice recognized as one of India’s top 40 CA’s under the age of 40 by the Institute of Chartered Accountants of India.

    Jain’s previous role as head of finance at Reliance Luxury Lifestyles (Reliance  Brands) provided invaluable experience in leading financial strategies for over 30  luxury brands, including Armani, Jimmy Choo, Coach, Balenciaga, Michael Kors, and  Bottega Veneta. He has also worked with Parle Agro, Britannia, and Bauli India  Bakes.

    In his new role, Jain will play a key role in driving the company towards new heights of financial success. His strategic vision and proven leadership capabilities will be pivotal in shaping the company’s financial strategies and ensuring sustainable growth.

    Commenting on the appointment, Devendra Shah said, “We are pleased to welcome Sumit Jain to our team as President of Finance. His exceptional track record and expertise in financial management will be instrumental in guiding our company towards achieving our strategic goals. We look forward to working together  with Jain to accomplish new milestones and drive continued success for Parag  Milk Foods.”

    Jain expressed his enthusiasm for joining Parag Milk Foods, stating, “I am honoured to be part of the journey with Parag Milk Foods and excited to contribute to its financial success. I look forward to collaborating with the talented team at  Parag Milk Foods and leveraging our collective strengths to achieve our objectives. 
     

  • Pride of Cows donates Ghee for the Ayodhya Ram Mandir ceremony

    Pride of Cows donates Ghee for the Ayodhya Ram Mandir ceremony

    Mumbai: Pride of Cows- Single Origin Milk brand of  Parag Milk Foods renowned for its unwavering commitment to premium quality dairy products made a substantial donation of premium ghee to The Tirumala Tirupati Devasthanams (TTD). This noteworthy contribution supports TTD’s initiative to provide  ‘Srivari’ laddus, each weighing 25 grams, for the consecration ceremony of the Ayodhya Ram Mandir. With a heritage of 300 years, the ‘Srivari laddu’ prasadam will be distributed among participating devotees and esteemed guests on 22nd January, this year.

    “We are delighted to contribute our premium ghee to The Tirumala Tirupati Devasthanams for the consecration of the Ayodhya Ram Temple, which will enhance the preparation of Srivari’s laddus. This is a testament to our dedication towards heritage and a goodwill gesture to the devotees at the Ayodhya ‘Pran Pratishtha’ event”,” said Parag Milk Foods chairman Devendra Shah.

    The Ayodhya Ram Temple holds immense significance for millions of people, and Pride of Cows is honoured to contribute high-quality ghee for the preparation of these laddus. This contribution reflects Pride of Cows’ commitment to giving back to the community and being an integral part of cultural celebrations. 

  • Parag Milk Foods appoints Boston Consulting Group for a strategic transformation journey

    Parag Milk Foods appoints Boston Consulting Group for a strategic transformation journey

    Mumbai:  Parag Milk Foods Ltd (PMFL), a leading manufacturer and marketer of dairy-FMCG products in India is proud to announce a strategic association with Boston Consulting Group (BCG). This collaboration aims to drive sustainable growth and implement cost-effective practices throughout the organisation.

    In addition to continuously providing innovative and high-quality dairy products, PMFL has also continuously increased their market share and demonstrated a dedication to excellence. However, as the industry landscape evolves, Parag Milk Foods recognises the importance of enhancing its operational efficiency and growth strategies.

    BCG has been one of the corporate strategy pioneers for over five decades. It is an expert at understanding the industries and capitalising on opportunities. Together, PMFL and BCG will work towards optimizing existing business processes and identifying new opportunities for growth and efficiency.

    Parag Milk Foods chairman Devendra Shah said, “We are pleased to join hands with BCG. Their global perspective and deep industry knowledge will undoubtedly aid us unlock new avenues for growth, and streamline our operations for long-term sustainability. As we set our ambitious expansion plans into motion, we are happy to associate with a partner who shares our forward-thinking mindset “

    This will be a strategic partnership as PMFL is committed to transforming into a structured organisation, diversifying their product range, scaling up operations and expanding the reach. This collaboration marks a significant milestone for PMFL in its journey toward sustainable growth.

  • Parag Milk Foods appoints Rahul Kumar Srivastava as COO

    Parag Milk Foods appoints Rahul Kumar Srivastava as COO

    Mumbai: Parag Milk Foods Ltd, a leading manufacturer and marketer of dairy-FMCG products in India proudly announces the appointment of Rahul Kumar Srivastava as the chief operating officer of the organisation. He served as the managing director of Lactalis India, a division of the world’s largest dairy conglomerate, for over a decade. Additionally, he held the position of managing director at Amul for more than ten years. With over three decades of dairy experience, he is a well-known industry veteran who has made substantial contributions to the business.

    With extensive expertise in managing significant procurement operations and a deep understanding of innovative approaches to enhance yields through close collaboration with farmers, while ensuring sustained quality, Srivastava stands as an industry leader. His presence is poised to be instrumental in Parag Milk Foods’ journey toward a new era of leadership and growth. Having been a pioneering force in establishing and maintaining organised brands within a sector primarily dominated by regional and unorganized entities, he is well-positioned to unlock the vast potential of the organized Indian market demand for Parag Milk Foods.

    In his previous roles, Srivastava has left a prominent mark with his unwavering commitment, strategic acumen, and innovative thinking. His keen insight and vast knowledge have consistently driven efficiency improvements, fortified brand sustainability, and elevated the consumer experience.

    On this development, Parag Milk Foods Ltd chairman Devendra Shah said, “Mr. Rahul Kumar’s exceptional expertise and unparalleled proficiency in the Dairy realm align perfectly with Parag Milk Foods’s vision.  His ability for blending traditional strategies with contemporary innovations is exactly what we need in these ever-evolving times. He will help in leading our strategy for profitable growth and also pursue the market opportunities associated with the dairy- FMCG sector and growing global nutrition demand. We are confident that with his leadership, the company will continue to deliver sustainable higher business growth.”

    Srivastava’s educational background is equally impressive, having earned his engineering degree from the esteemed Indian Institute of Technology (IIT) in Roorkee. He continued his academic career after completing postgraduate studies at the Institute of Rural Management, Anand (IRMA).