K Rathnam resigns from Amul Dairy

2 April, 2018


K Rathnam, Managing Director of Amul Dairy has resigned from his post and his resignation was accepted in a board meeting by the union. According to Amul Dairy sources Jayen Mehta, Senior general manager (planning and marketing), has been agrees as in-charge of Kaira Milk Union.

While K Rathnam’s resignation comes among allegations of Rs 450 crore corruptions in allocation of tenders and recruitment at the dairy. However, milk cooperatives Chairman Ramsinh Parmar disclaimed the charges, “he stepped down because of family reasons not over these allegations”, said he.

The KDCMPUL is one of the 18 District Co-operative Milk Producers’ Unions federated to the Gujarat Co-operative Milk Marketing Federation Limited, Anand, which markets milk and milk products under the “Amul” and “Sagar” brand.
Rathnam said that he resigned as he wanted to spend time with family living in Tamil Nadu and the United States. “I have been thinking of resigning for some time now.” 

“I have worked for Amul for 22 years, and want to do something for myself in the next 10-15 years. I want to spend time with family members residing in the US and Tamil Nadu,” he said.

Parmar said that Ratnam served as the MD for four years and had been speaking about wanting to spend time with his wife and daughter who live in the US.

“Considering all this, I told him I have no objection if he wants to quit,” said Parmar.

The Amul Dairy statement also said Parmar refuted allegations of corruption as “perpetuated by rumour-mongers.”

“Parmar has informed that this (reports in a section of the media that Rathnam resigned as he has been found guilty of fraud) is far from truth and has been perpetuated by rumour-mongers,” the statement said.

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