HYDERABAD: The private dairy operator in south India Tirumala Dairy, is planning to develop the country's largest integrated dairy with the earmarked investment of Rs 5,000 crore in the upcoming three to four years.
The Carlyle Group, the global asset management company, had acquired 20 per cent stake in the company for Rs 110 crore earlier this year and is now planning to infuse fresh capital in Tirumala Dairy, as the company is looking forward for the expansion. In addition, Carlyle will also help the company to raise funds through other overseas sources.
Presently, Tirumala Dairy is an Rs 1,200-crore company in terms of sales and is targeting to achieve a turnover of Rs 2,000 crore in the next three years. The company markets nearly 12 lakh litres of milk per day through its various packing stations and dairy plants in Andhra Pradesh, Tamil Nadu and Karnataka and accounts for a 10 per cent market share in this region.
Mr B Brahma Naidu, Managing Director of Tirumala Dairy, said, “The integrated dairy project will have over 20,000 buffalos and cows, milk processing centre and a milk products unit, along with a captive power project. We have already acquired 2,900 acres of land for the project near Vinukonda in Guntur district.”
Recently, the actor Sneha has launched the Thirumala skimmed and toned milk in Tetra Pak packages.
The company is engaged in the marketing of a wide range of branded dairy products, including pasteurised milk, Indian style yogurt, butter, ice cream and other dairy derivative products.