GCMMF (Amul) first Indian entity to be in global top 20

August 29, 2020

Prashant Rupera | TNN

VADODARA — For the first time an Indian dairy has found a place in the global top 20 list released by Rabobank.

The Gujarat Cooperative Milk Marketing Federation (GCMMF) that markets brand Amul is ranked 16th in Rabobank’s Global Top 20 dairy companies list by the Dutch financial services company.

Robobank Top Companies 2020.png

So far, despite being the world’s largest milk producer, no Indian firm was featured in the global ranking.

For this ranking, GCMMF’s annual turnover of US $5.5 billion (4.9 billion euros) which the home grown dairy giant had achieved in 2019 has been considered.

“Going by the brand value of Amul our turnover comes to US$ 7 billion. Considering this, we could have been ranked 11th,” said R S Sodhi, managing director of GCMMF, the apex body of all the milk unions of Gujarat.

The survey names Swiss major Nestle as the top dairy firm in the world with a turnover of US $ 22.1 billion, followed by France’s Lactalis with US$ 21 billion turnover.

US’ Dairy Farmers of America which was ranked 6th in the 2019 list has been ranked third with US$ 20.1 billion turnover.

“All other dairy companies that have been featured are either multinationals, privately owned or have nation-wide operations. We are the only co-operative brand, having operations largely based in a single state – Gujarat – and owned by 36 lakh farmers to be featured in this list,” said Sodhi.

Amul has already emerged as top ten milk processors in the world after it was ranked as ninth largest milk processor globally in 2018 by the International Farm Comparison Network (IFCN), a global dairy research network. 

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