Carlyle Group to invest Rs 110 Crore in Tirumala Milk Products

The Carlyle Group a global private equity investment firm, based in Washington, D.C., with more than US$ 85 billion of equity capital under management will be investing 110 Crore in Tirumala Milk Products through the Carlyle Asia Growth Partners IV (CAGP IV), a $1.04-billion fund, sources familiar with the transaction have reported. Carlyle will be taking a minority stake in the Rs 600-crore company started by four rural entrepreneurs nearly 10 years back.Tirumala Milk Producsts –

Headquartered in Guntur district of Andhra Pradesh, Tirumala Milk Products Private Limited is among the top three three private dairy operations in south India growing at a CAGR of nearly 30% which makes it perhaps one of the fastest growing dairy enterprises.It clocked a turnover of Rs 470 crore for the financial year of 2008-09.

Tirumala Milk

Tirumala Milk Packets

The firm handles 7 Lakh liters of milk per day in its packing stations and dairy plant which also happens to be the single largest plant  in Andhra Pradesh.

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