Parag Milk Foods Ltd. strengthens Board with appointment of Independent Directors

Parag Milk Foods Ltd., one of India's leading dairy and nutrition companies, is pleased to announce the appointment of two distinguished professionals, Mr. Amitabha Mukhopadhyay and Mr. Milind Patil, as Independent Directors on its Board. Their inclusion underscores the company's continued commitment to strong corporate governance, strategic foresight, and operational excellence.

Mr. Amitabh Mukhopadhyay brings over 35 years of diverse experience in leadership roles across the Tata Group, Thermax, and other reputed organizations. A Chartered Accountant and Law graduate, he has served as the President and Group CFO of Tata AutoComp Systems, as Business Head and Group CFO of Thermax Limited, and as Managing Director & CEO of IFB Agro Industries.

Currently serving on the boards of Quick Heal Technologies, Foseco India, Heubach Colorants India, and Sanghvi Movers, Mr. Mukhopadhyay is a well-respected voice in corporate finance, M&A, strategy, and governance. His advisory firm focuses on global M&A, post-merger integration, and strategic transformation. He is also actively involved in the start-up ecosystem and serves on the Advisory Board of Biofuel Circle.

Mr. Milind Patil, a veteran in the pharmaceutical and healthcare sectors, retired in 2024 as Regional Finance Lead - Emerging Asia and CFO & Executive Director (India) at Pfizer. Over a career spanning nearly four decades, he has held leadership positions in companies such as Siemens, Novartis, Johnson & Johnson, Parke-Davis/Warner Lambert, and Ciba-Geigy.

An FCA and alumnus of executive programs from Harvard Business School and Tuck School of Business, Mr. Patil is renowned for his expertise in business transformation, risk and compliance, M&A, and financial strategy. He has been recognized with numerous accolades, including the FE CFO of the Year (2022) and the CA CFO Healthcare Sector Award (2015). Mr. Patil currently serves as an Independent Director at Rubicon Research and Advagen Pharma and advises Themis Medicare Ltd.

Commenting on the appointments, Ms. Akshali Shah, Executive Director, Parag Milk Foods Ltd., said, "We are delighted to welcome Mr. Mukhopadhyay and Mr. Patil to our Board. Their vast experience and strategic acumen will add immense value to Parag Milk Foods as we continue our journey of innovation, governance, and sustainable growth. Their insights will be instrumental as we scale new heights across our dairy, nutrition, and value-added segments."

With these appointments, Parag Milk Foods further strengthens its governance framework and reaffirms its commitment to creating long-term value for all stakeholders.

Shares of Parag Milk Foods Limited was last trading in BSE at Rs. 212.75 as compared to the previous close of Rs. 213.75. The total number of shares traded during the day was 69065 in over 1106 trades.

The stock hit an intraday high of Rs. 215.00 and intraday low of 211.00. The net turnover during the day was Rs. 14722120.00.

Source : Equity Bulls

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ParagMilkFoods INE883N01014 PackagedFoods Appointment IndependentDirectors