July 2, 2018
Noida-based Ananda Dairy firm Ananda wants is searching 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.
This is part of the dairy firm’s commitment to invest Rs. 500 crore in the state which was made during an investor’s summit held this year,
Ananda has 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 take also taken on lease two plants at Kanpur and Moradabad with 6 lakh litres capacity.
The plans would be of 4-5 lakh litre processing capacity, and 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.
Ananda plans to have 1,500 outlets in Delhi by 2020 from the current 400 stores. In Delhi, they have opened 105 stores on a single day in February and another 200 stores on a single day in June.
The company is targeting to reach Rs. 3,200 crore turnover by 2020-21and has also started exporting dairy products. It shipped cheese and some other products to the US.