HR Food Processing Private Limited is a food & agriculture company domiciled in India that focuses on dairy collection and processing. The company sources milk from smallholder farmers and will use the investment to expand direct procurement from an additional 40,000 smallholders across 1,000 new villages in Bihar and West Bengal over the next five years. The expansion aims to increase market access for small-scale farmers in a sector that contributes about a third of rural households' gross income in India. The investment is positioned to support economic growth and poverty alleviation for the rural communities it sources from. The project is recorded as active under project number D3756 in BII's database. BII (formerly CDC Group) committed capital to the company in June 2019 and the record was last updated in June 2024. HR Food Processing, founded by Abhinav Shah, Rakesh Sharma, Abhishek Rajan and Harsh Thakkar, started operations in May 2015 with a single processing plant in Jharkhand. The company sells two varieties of milk and value-added products such as paneer, curd, sweet curd, mango lassi, lassi, buttermilk and pedha under the Osam brand. It sources milk from over 10,000 farmers across more than 250 villages and operates in all 18 districts of Jharkhand through a network of 105 distributors and over 3,000 retailers. Currently 85% of the company’s revenue comes from packaged milk and the remainder from value-added products, with curd representing about 4–5% of overall sales. HR Food Processing plans to increase the contribution of value-added products to about 25% by the end of the 2017–18 financial year and to expand distribution into neighbouring Bihar either via greenfield projects or acquisitions. The company is refurbishing an acquired plant in Jharkhand expected to reach 120,000 litres per day, which together with its existing plant would bring capacity to about 200,000 litres per day.

Total raised

$14M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2019