BSE:539351 | NSE:PRABHATEQ | 58888: | IND:FMCG Dairy Products | ISIN code:INE302M01033 | SECT:FMCG
The Company History page lists out the major events in chronological order for Prabhat Dairy Ltd.
|Company History - Prabhat Dairy Ltd.|
|The Company was incorporated as Prabhat Dairy Private Limited on November 25, 1998 as a private limited company under the Companies Act, 1956. the Company was converted into a public limited company and consequently, the name of the Company was changed to Prabhat Dairy Limited. A fresh certificate of incorporation pursuant to the change of name was issued by the RoC on March 19, 2015. As of the date of this Red Herring Prospectus, the Company has eight Shareholders. |
Major events and milestones of the Company :
-Incorporation of the Company on November 25, 1998
-Commencement of commercial production and sale of pasteurized and homogenized cow’s milk in plastic pouches
-Started supply of ingredients to Mondelez India Foods Private Limited
-Commencement of production of milk powder with a capacity of 30 metric tonnes per day
-Investment in the Company by IABF (a private equity fund managed by the Rabobank Group, Netherlands)
-Investment in the Company by Proparco (a subsidiary of Agence Française de Développement)
-Commencement of the manufacturing plant at with a capacity of processing of 300,000 litres of milk per day at Turbhe, Navi Mumbai, Maharashtra
-Entered into brand building tie-up with one of the leading marketing agencies
-Inauguration of the facility for manufacturing cheese with a capacity of 20,000 kilograms per day at the manufacturing facility situated at Shrirampur
Certifications, Awards and Recognitions :
-The Company received ISO 22000:2005 certificate for establishment of food safety management systems for packing of pasteurized milk and processing flavoured milk and ghee manufacturing milk and milk products
-The Company received most trusted partner Award for 2012 by Abbott Healthcare Private Limited
-SAIPL received a certificate from Mondelez for quality assurance in December, 2012
-SAIPL received ISO 22000:2005 certificate for establishment of food safety management systems for manufacturing, storage and dispatch of skimmed milk powder, sweetened condensed milk and dairy whitener.
-SAIPL received ISO 22000:2005 certificate for establishment of food safety management systems for manufacturing of milk powder, skimmed milk powder, low protein skim milk powder, dairy whitener, sweetened condensed milk in drums and cans, partially skimmed milk sugar concentrate in bulk pack, UHT milk in retail pack and pasteurized milk in bulk and retail pack.
-The Company received the CII National Award for Food Safety, 2014 by the Confederation of Indian Industry
-The Company received OHSAS 18001:2007 certificate for manufacture and dispatch of dairy & ultra high temperature products
-The Company received ISO 14001:2004 certificate for the Company for manufacture and dispatch of dairy & ultra high temperature products
2015 -Prabhat Dairy gets Sebi approval for IPO
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