Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 02 2018

Ananda to set up dairy plant in UP, Plans to open 1,100 Delhi Stores

The branded and packaged cheese attracts 5 per cent GST, while there is no GST on loose cheese, he said and sought that the government should address this anomaly.

Dairy firm Ananda is looking for a land to set up a new processing plant in eastern Uttar Pradesh and plans to invest about Rs 50 crore to open 1,100 retail outlets in the national capital by 2020, a top company official said.

Noida-based Ananda Dairy, which achieved a turnover of Rs 1,500 crore in the last fiscal, has three manufacturing plants at Bulandshahr, Gajraula and Pilkhuwa in Uttar Pradesh (UP) with a processing capacity of 12 lakh litre milk per day. The company has also taken on lease two plants at Kanpur and Moradabad with 6 lakh litres capacity.

"We are identifying land in eastern UP to set up a new processing plant. This is part of our commitment to invest Rs 500 crore in the state which was made during an investor's summit held this year," Ananda group CMD R S Dixit told PTI.

The plans would be of 4-5 lakh litre processing capacity, he added.

Dixit said the company is also strengthening its retail presence and has already opened 400 company-owned outlets, of which 400 stores are in the national capital and the rest are in UP and Uttarakhand.

"We plan to have 1,500 outlets in Delhi by 2020 from the current 400 stores. In Delhi, we opened 105 stores on a single day in February and another 200 stores on a single day in June," Dixit said, adding that the company was opening many stores at metro stations.

Asked about investment plans, he said retail stores are taken on lease and it costs anywhere between 3-5 lakh per store depending on the size and location of the outlet.

The rental of each store is below Rs 15,000 per month.

Dixit said the company sells pouched milk and other dairy products except for cheese and ice cream.

On the turnover, he said the company achieved a revenue of Rs 1,500 crore in 2017-18 and is growing at 25-30 per cent annually.

"We are targeting to reach Rs 3,200 crore turnover by 2020-21," Dixit said in a statement.

Ananda Dairy has also started exporting dairy products. It shipped cheese and some other products to the US.

Talking about issues faced by the dairy sector, Ananda's CMD said the government should consider reducing GST on ghee from 12 per cent as it is high.

The branded and packaged cheese attracts 5 per cent GST, while there is no GST on loose cheese, he said and sought that the government should address this anomaly.

Comment
image
Related opportunities
  • Others Food Service
    About Us: Juice Fresco is a leading chain of Specialty juice..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore Karnataka
  • Others Food Service
    About Us: “FISH TODISH” brand is our own brand, brought into..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Courier & Delivery
    About US. World Health Care Mart Is a Leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • School Tutoring
    About Us: Nava Vision is a company based at Bengaluru, India. Nava Vision..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BENGALURU Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities