Mumbai, 5 June 2025 – Parag Milk Foods Ltd., one of India’s leading dairy and nutrition-focused FMCG companies, has announced the appointment of Mr. Amitabh Mukhopadhyay and Mr. Milind Anil Patil as Independent Directors to its Board. This move reinforces the company’s focus on strong governance and strategic agility as it continues to scale sustainably and expand its footprint in the global nutrition space.
The appointments come at a time when Parag Milk Foods is scaling its innovation and sustainability efforts. Both Mr. Mukhopadhyay and Mr. Patil bring decades of cross-sectoral leadership and financial expertise, offering valuable perspective and oversight as the company enters its next phase of transformation.
Mr. Amitabh Mukhopadhyay is a seasoned corporate leader with over 35 years of experience across the Tata Group, Thermax, and other reputed institutions. A Chartered Accountant and Law graduate, he has held prominent leadership roles including President and Group CFO at Tata AutoComp Systems, Business Head and Group CFO at Thermax Limited, and Managing Director & CEO at IFB Agro Industries.
Currently, he serves on the boards of Quick Heal Technologies, Foseco India, Heubach Colorants India, and Sanghvi Movers. He also leads a strategic advisory firm specialising in global M&A, post-merger integration, and business transformation, and mentors several startups in India’s innovation ecosystem.
Mr. Mukhopadhyay commented on the appointment: “I have always admired Parag Milk Foods’ unique blend of legacy and innovation. In an industry that’s evolving rapidly, the company’s strategic focus on value-added nutrition and sustainable practices positions it for long-term impact. I look forward to contributing to strengthening financial stewardship and board governance as it scales new frontiers.”
Mr. Milind Anil Patil brings close to four decades of experience in the pharmaceutical and healthcare sectors. He retired in 2024 as Regional Finance Lead – Emerging Asia and CFO & Executive Director (India) at Pfizer. Prior to this, he held senior roles at Siemens, Novartis, Johnson & Johnson, Parke-Davis/Warner Lambert, and Ciba-Geigy.
An FCA and alumnus of executive programmes at Harvard Business School and the Tuck School of Business, Mr. Patil has been recognised with prestigious accolades, including FE CFO of the Year (2022) and CA CFO – Healthcare Sector Award (2015). He currently serves as an Independent Director at Rubicon Research and Advagen Pharma, and advises Themis Medicare Ltd.
Mr. Patil added: “I am excited to join Parag Milk Foods at a time of such dynamic opportunity. I look forward to supporting the leadership team in strengthening financial discipline, accelerating innovation, and driving long-term stakeholder value.”
Commenting on the appointments, Ms. Akshali Shah, Executive Director, Parag Milk Foods Ltd., said: “We are delighted to welcome Mr. Mukhopadhyay and Mr. Patil to our Board. Their combined experience in corporate finance, strategy, compliance, and governance will significantly strengthen our decision-making processes. As we evolve into a global nutrition powerhouse, their insights and leadership will help us navigate new opportunities, mitigate risks, and drive long-term stakeholder value.”
