Akshayakalpa Organic CEO and co-founder Shashi Kumar explains concerning the new providing at his mannequin farm and R&D facility at Chengalpattu.
Bengaluru-based natural dairy firm Akshayakalpa Organic is probably going to achieve breakeven by March 2024, stated its CEO and co-founder Shashi Kumar.
“We have been posting losses for the past 13 years as it takes time to establish our credentials. With the commissioning of new ₹10 crore plant at Chengalpattu, we hope to process one lakh litres per day and that would enable us to achieve the breakeven by the end of FY24,” he informed visiting newsmen.
According to him, the natural milk dairy processing unit shall be commissioned by November. It could have a processing capability of 40,000 litres per day alongside the Tiptur unit in Karnataka with 2 lakh litres per day. Initially, the brand new plant will procure and provide 4,000 litres of milk per day from 65 licensed farmers from Tamil Nadu.
“The Tiptur unit procures and distributes 85,000 litres of milk per day from 1,000 certified farmers to its consumers in Bengaluru and Chennai. With the commissioning of Chengalpattu unit, Chennai market daily needs of 4,000 litres would be taken care of,” he stated.
“It will be the first organic milk dairy processing unit in Tamil Nadu and second in the south,” he stated.
“We are also planning to increase the milk procurement in Karnataka from certified farmers to achieve one lakh litres per day,” he stated.
Mr. Kumar stated that they’re eyeing a 25% progress in income to ₹300-350 crore during the last fiscal.
The dairy firm sells 45,000 litres of milk to its customers in Bengaluru, Chennai and Hyderabad straight and 30,000 litres on-line. Mumbai and Pune account for the steadiness. Currently, Akashayakalpa milk is on the market in 42 cites and plans are on to prolong it to extra tier-2 cities and introduce extra milk-based merchandise, he stated.
