Prabhat Dairy Ltd.

Prabhat Dairy Limited is an integrated milk and dairy products company in India catering to institutional as well as retail customers. Prabhat Dairy produce fresh, dry, frozen, cultured and fermented dairy products, including pasteurized milk, flavoured milk, sweetened condensed milk, ultra-pasteurised or ultra-high temperature (UHT) milk, yoghurt, dairy whitener, clarified butter (ghee), milk powder, ingredients for baby foods, lassi and chaas.Highlights:1. As of March 15, 2015, Prabhat Dairy had an aggregate milk processing capacity of 1.5 million litres per day.2. Integrated business model enables the company to leverage the dairy industry value chain, ensure efficiency in costs and operating margins and exercise more control over the production process resulting in quality products.3. Sales of institutional products represented majority of its revenue.4. Prabhat Dairy procure a majority of its raw milk requirements directly from milk farmers and registered milk vendors in the State of Maharashtra.5. Company has established large, automated production facilities with advanced equipment at Shrirampur (Ahmednagar) and at Navi Mumbai.Products:1. Institutional Products:Prabhat Dairy produce a range of milk and dairy products including milk-based specialty ingredient products and co-manufactured products for a large number of Indian and multinational companies.The specialty ingredient products include nutrition supplements and formulations for baby food, sweetened condensed milk, partially skimmed milk, skimmed milk powder, skimmed milk preparations, full cream milk powder and specialty milk powderThe co-manufactured products include UHT milk, specialty milk powders, curd (dahi), clarified butter (ghee), flavoured milk, dairy whiteners, yogurts, processed and concentrated milk, and ice creams2. Retail Consumer Products:Prabhat Dairy's retail consumer products include pasteurized milk, UHT milk, flavoured milk, sweetened condensed milk, dairy whitener, milk powder, lassi, curd (dahi), chaas and clarified butter (ghee) sold under the Prabhat, Flava and Milk Magic brands.

Prabhat Dairy Ltd. proposes to utilise the net proceeds from the Issue for the following objects: