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Dec, 18 2015

Milk Mantra gets Suresh C Senapaty on Board as an Independent Director

Milk Mantra is India’s 1st VC funded agro food start-up which has raised 3 series funding from Fidelity Growth Partners and Aavishkar VC.

RI Bureau

Milk Mantra, with its vision of creating truly pure functional dairy products has brought Suresh C Senapaty on board as an Independent Director.

Senapaty recently superannuated as CFO and Executive Director at Wipro where he spent 35 years working closely with Mr. Premji in managing growth and transitions to take Wipro to the position it is today.

Talking about his decision to join Milk Mantra, Senapaty said, “Milk Mantra's outlier and inclusive growth is an idea that excites me apart from the company being based in my home state. I am happy to join the Board and look forward to a meaningful engagement with Sri and his team to rapidly scale up the venture whilst building a strong governance framework."

Following his superannuation, this is one of Senapaty’s selective board appointments.

Milk Mantra is India’s 1st VC funded agro food start-up which has raised 3 series funding from Fidelity Growth Partners and Aavishkar VC and is fast evolving as an exciting functional dairy food brand in the country. Its 2 flagship brands Milky Moo and MooShake have a strong consumer connect based on the quality of the product and the challenger brand marketing approach.

With a 100% CAGR over past years and on track to reach Rs.125crs revenue this year, Milk Mantra has expanded its portfolio of products beyond Odisha to Kolkata, Bangalore, Hyderabad and Ranchi. It's unique Ethical Milk Sourcing network has grown to 35,000 farmers.

Shedding more light on this decision, Srikumar Misra, Founder & CEO, Milk Mantra, said, “I am very pleased to welcome Suresh Senapaty to our Board. There is a strong alignment in our conscious capitalist philosophy of building a scalable brand and venture and Senapaty's mindset of bringing his deep experience to an organisation which can be fast growing and yet create significant meaningful impact across the value chain both on the consumer and farmer side."  

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