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August 03, 2015 4:23 PM ET

Food Products

Company Overview of Tirumala Milk Products (P) Ltd

Company Overview

Tirumala Milk Products (P) Ltd produces and supplies dairy products in India. Its products include milk in sachets; sweets; flavored milk; curd in cups and sachets; milk powder; butter; and ghee and butter oil in bulk and consumer packs. The company distributes its products in Andhra Pradesh, Karnataka, and Tamil Nadu. The company was founded in 1998 and is based in Hyderabad, India. As of January 7, 2014, Tirumala Milk Products (P) Ltd operates as a subsidiary of Groupe Lactalis S.A.

204, 7-1-201/2, Food World Building

Dharam Karam Road

Ameerpet

Hyderabad,  500016

India

Founded in 1998

Phone:

91 97 0333 0864

Fax:

91 40 4021 2408

Key Executives for Tirumala Milk Products (P) Ltd

Managing Director and Director
Joint Managing Director and Director
Head of Finance
Assistant General Manager - Finance & Accounts
Senior General Manager of Gudur Plant
Compensation as of Fiscal Year 2015.

Tirumala Milk Products (P) Ltd Key Developments

TPG, Danone Reportedly In Talks To Acquire Tirumala

TPG Capital, L.P., Danone (ENXTPA:BN) are in advanced talks to acquire Tirumala Milk Products (P) Ltd, backed by The Carlyle Group LP (NasdaqGS:CG). Two people close to the matter stated that the firms are in talks with promoters and investors of Tirumala to acquire the later, valued at INR 2 billion. A person stated, “The buyers are looking at 75%-80% stake for INR 1.8 billion. The company will soon enter into exclusive talks with Danone.” The news report stated that Puneet Bhatia, Head of TPG India and M Shankar Narayanan, Managing Director of Carlyle did not elicit response. Danda Brahmanandam, Bolla Bramha Naidu, B Nageswara Rao and N Venkata Rao, the four promoters of Tirumala Milk, currently own 80% stake in the Tirumala. According to the report, B Nageswara Rao, Director and Founder said though Carlyle was also looking at selling their 20% stake by mandating investment bankers, there was no significant progress for want of better valuations. Tirumala’s MD Danda Brahmanandam said, “We have provided all the details on the company’s performance including financial data to the prospective buyers to enable them to take a call on valuations.”

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To contact Tirumala Milk Products (P) Ltd, please visit www.tirumalamilkproducts.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

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