Milma
- Company typePrivate
- Founded1980
- HeadquartersThiruvananthapuram, India
- Headcount1,001–5,000
- GTM typeB2C
- OfferingHardware or Manufacturing
Milma firmographics
Firmographics- Name
- Milma
- Legal name
- Kerala Co-operative Milk Marketing Federation Ltd.
- Website
- https://milma.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Where Milma is headquartered
LocationHeadquarters
- HQ city
- Thiruvananthapuram
- HQ country
- India
- HQ region
- Asia
Offices22 records
Markets served
Milma business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Fresh Milk Sales: Core revenue from sale of pasteurized and homogenized milk packets across Kerala through three regional unions. Turnover of ₹4,624.21 crore in FY26 with 6.44% growth. Daily milk sales of 17,06,350 litres. 12.89% growth in daily milk procurement (12,56,892 litres).
- Value-Added Dairy Products: Revenue from fat-rich dairy products (ghee), fermented products, frozen dairy, sweets, confectionery, refreshing beverages, milk powder, chocolates, and heat acid coagulated products. Value-added product sales grew 15.94% to ₹1,097.36 crore in FY26. New premium launches include Nutrilevel protein drink, Café Mocha, Cold Coffee, ghee, flavoured milk, ghee halwa, buttermilk, and banana burfi.
- International Export: Export revenue from dairy products to GCC countries (Saudi Arabia, UAE, Bahrain, Oman), Australia, and New Zealand through partnerships with Food Links and RG Foods/Midnightsun Global. Food Links purchasing 20 tonnes of ghee monthly with minimum Rs 5 lakh per country.
- Cattle Feed Sales: Sale of balanced cattle feed to dairy farmers from two feed plants (Malampuzha and Pattanakkad). Cattle feed subsidy increased from Rs 100 to Rs 200 per bag (Feb 2026). Combined with regional union subsidies, farmers receive Rs 300 total benefit per bag.
- Franchise Revenue: Revenue from ChilMil franchisee model including exclusive ice cream parlours (Milma Delights) and scoop & sip parlours (Milky Way) across Kerala.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Fresh Milk - Homogenised Toned Milk 500ml |
| Unit Pricing | Pay-as-you-go | Milk Procurement Price to Farmers |
| Unit Pricing | Monthly | Cattle Feed Subsidy |
| Other | Multi-year contract | ChilMil Franchisee - Milma Delights (Exclusive Ice Cream Parlour) |
| Other | Multi-year contract | ChilMil Franchisee - Milky Way (Scoop & Sip Parlour) |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Milma product offering
Product offeringCore offering
Milma (Kerala Co-operative Milk Marketing Federation) procures, processes, and markets pasteurized and homogenized milk along with a broad portfolio of value-added dairy products including ghee, butter, curd, paneer, ice cream, sweets, flavored milk, milk powder, and the Nutrilevel protein drink. It sells balanced cattle feed to farmer members and operates a franchisee retail network of exclusive ice cream and scoop-and-sip parlours under the ChilMil brand.
Product overview
Milma (Kerala Co-operative Milk Marketing Federation) operates as a three-tiered dairy cooperative structure with a unified product portfolio across its regional unions. The core offering includes fresh milk (pasteurized and homogenized in various fat variants), fermented products (curd, yogurt), fat-rich products (ghee, butter), frozen dairy (ice creams via Milma Delights and Milky Way franchises), milk-based sweets (halwa, burfi, gulab jamun), refreshing beverages (milkshakes including Café Mocha and Cold Coffee), paneer, chocolates, and milk powder. Milma has expanded into health supplements with Nutrilevel protein drink. The company distributes through a three-tier system of 3,100 Anand model primary milk co-operative societies grouped under three regional unions (TRCMPU, ERCMPU, MRCMPU), with products manufactured at Central Products Dairy (Alappuzha) and two Cattle Feed Plants.
Differentiator
Problem solved
Functional benefit
Brands
- ChilMil: Milma's ice cream parlour franchise brand offering exclusive ice cream outlets and scoop & sip parlours.
- Nutrilevel
Products and services
- Milk Packets Fresh pasteurized and homogenized milk available in Standard, Buffalo, Double Toned, and Rich variants for daily household consumption across Kerala.
- Fermented Dairy Products
Quantifiable outcome
- 6.44% turnover growth to ₹4,624.21 crore in FY26
- +6 more outcomes
Companies that use Milma
Customer profileNamed customers3 records
Segments6 records
Ideal customer profiles6 records
Milma technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Milma partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Food Links Food and Beverage SolutionscoreMoU signed for export of dairy products to four GCC countries — Saudi Arabia, UAE, Bahrain, and Oman. Food Links purchases 20 tonnes of ghee monthly from Milma along with other products worth minimum Rs five lakh per country. Products supplied from Central Products Unit at Punnapra, Alappuzha. Food Links handles clearances, logistics, and legal formalities in destination markets. One-year agreement.
- National Dairy Development Board (NDDB)coreJoint initiative to establish NDDB CALF Food Testing Laboratory in Kerala. The NABL-accredited facility, funded under National Programme for Dairy Development with central government funding, provides comprehensive testing services for milk and milk products. NDDB CALF Limited, a subsidiary of NDDB, manages the laboratory. Facility aims to strengthen India's food quality and safety ecosystem supporting 'second White Revolution'.
- Lulu GroupcoreStrategic partnership with Lulu Group for international market expansion. Milma plans to leverage Lulu Group's retail presence to strengthen access to international markets, aligning with the target of ₹10,000 crore turnover by 2030-31. Collaboration also involves plans to expand through major e-commerce platforms across India.
- RG Foods and Midnightsun GlobalminorMoU signed for export of dairy products (paneer, payasam mix, and dairy whitener) to Australia and New Zealand. Agreement covers logistics, customs, and compliance. Marks Milma's expansion into overseas markets beyond Gulf countries.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Milma competitors and assessment
Company assessmentBroad incumbents
- Britannia Industries: Large Indian FMCG major with significant dairy-adjacent portfolio (cheese, milk beverages, dairy whitener, bread with milk) that competes with Milma's dairy whitener, beverages and cheese/paneer offerings in South Indian retail.
- Mother Dairy: National-level dairy major (subsidiary of NDDB) operating across Delhi-NCR and North India with broad portfolio including fluid milk, ghee, paneer, ice cream and edible oils. Comparable cooperative-aligned model (NDDB affiliation) and overlapping products, though geographically distinct from Milma's Kerala base.
Direct peers
- Heritage Foods: South India-focused dairy and foods company with significant presence in fluid milk, curd, ghee, paneer and ice cream across Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and Kerala. Directly comparable to Milma in product mix and South Indian regional competition.
- Amul (GCMMF): India's apex dairy cooperative federation operating under the same three-tiered Anand model as Milma. Amul is the most direct peer — same cooperative structure, same farmer ownership model, same fluid milk plus value-added product mix — but at a vastly larger national scale spanning all of India and global exports.
- Dodla Dairy: Hyderabad-headquartered integrated dairy company with strong South Indian operations across fluid milk, value-added products and dairy ingredients. Comparable product portfolio and regional market overlap with Milma's Kerala stronghold.
- Hatsun Agro Product: India's largest private-sector dairy company, headquartered in Chennai with strong South Indian footprint overlapping Milma's geography. Competes directly with Milma on fluid milk, ice cream (Arun brand), curd and value-added dairy, and represents the primary private-sector competitive threat in Kerala.
- Parag Milk Foods: Listed Indian dairy company with brands including Gowardhan, Go and Pride of Cows, spanning fluid milk, ghee, paneer, cheese, curd and whey products. Comparable multi-product dairy portfolio with growing pan-India and premium positioning.
- Aavin (Tamil Nadu Cooperative Milk Producers' Federation): Tamil Nadu's state dairy cooperative federation operating the same Anand-pattern three-tiered cooperative structure. Directly comparable to Milma in governance, product portfolio (fluid milk, ghee, butter, ice cream), and South Indian regional market positioning.
- Nandini (Karnataka Milk Federation): Karnataka state dairy cooperative federation, structurally identical to Milma — three-tiered Anand model, farmer-owned, multi-product portfolio spanning fluid milk, ghee, paneer, curds, sweets and ice cream. Directly comparable state-level federation operating in the neighbouring South Indian market.
Regional players
- Kwality (Unilever/Quality Walls India): Unilever's ice cream business in India, directly competing with Milma's ChilMil franchise ice cream parlour format. Comparable frozen dairy / ice cream category, with strong South and pan-India distribution overlap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Milma social profiles
Digital presenceMilma financial estimates
Financial estimateRevenue estimate
Valuation estimate
Milma leadership team
Management profileNumber of profiles
Profiles13 records
Milma subsidiaries and ownership
Company hierarchySubsidiaries3 records
Milma funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Milma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Milma
What does Milma do?
Milma (Kerala Co-operative Milk Marketing Federation) procures, processes, and markets pasteurized and homogenized milk along with a broad portfolio of value-added dairy products including ghee, butter, curd, paneer, ice cream, sweets, flavored milk, milk powder, and the Nutrilevel protein drink. It sells balanced cattle feed to farmer members and operates a franchisee retail network of exclusive ice cream and scoop-and-sip parlours under the ChilMil brand.
Is Milma a public or private company?
Milma is a private company. It is classified as management employee owned and is currently operating.
When was Milma founded?
Milma was founded in 1980. It employs 1,001 to 5,000 people.
Where is Milma based?
Milma is headquartered in Thiruvananthapuram, India, in the Asia region.
How does Milma make money?
Five revenue lines are on record. Fresh Milk Sales are the primary driver. The others are value-Added Dairy Products, international Export, cattle Feed Sales and franchise Revenue.
Who are Milma's main competitors?
Broad incumbents on record are Britannia Industries and Mother Dairy. Direct peers are Heritage Foods, Amul (GCMMF), Dodla Dairy, Hatsun Agro Product, Parag Milk Foods, Aavin (Tamil Nadu Cooperative Milk Producers' Federation) and Nandini (Karnataka Milk Federation). Kwality (Unilever/Quality Walls India) is listed as a regional player.
Does Milma have an API?
No public API is recorded for Milma.