Parag Milk Foods (PMFL), a leading manufacturer and distributor of dairy-FMCG products in India, has entered into a strategic partnership with the Boston Consulting Group (BCG). This collaboration is geared towards fostering sustainable growth and implementing cost-efficient practices across the organisation, according to a press release issued by the company.
The joint efforts of PMFL and BCG will focus on optimising existing business processes while identifying fresh avenues for enhancing growth and operational efficiency.
Devendra Shah, Chairman of Parag Milk Foods, expressed his enthusiasm for the partnership with BCG, saying, “We are pleased to join hands with BCG. Their global perspective and deep industry knowledge will undoubtedly aid us in unlocking new avenues for growth and streamlining our operations for long-term sustainability.”
As Parag Milk Foods Ltd. pursues ambitious expansion plans, the company views this collaboration as a valuable step in aligning with a forward-thinking partner. Following this announcement, PMFL’s shares experienced a 4.05 percent surge, reaching ₹228.40 at 2.02 pm on the BSE.
