Milkfood Ltd, headquartered in Punjab and overseen by the Jaiswal family through L P Investments, a subsidiary of Jagatjit Industries, was established in March 1973. The company's primary offerings include milk powder, ghee, baby food, ice cream, and yogurt, with a current focus on dairy product manufacturing and sales. Operating from two manufacturing facilities located in Punjab's Patiala and Uttar Pradesh's Moradabad, the company issued convertible debentures in February 1991 to support various financial needs such as capital expenditure, loan repayment, and long-term working capital.
In February 1991, Brooke Bond Lipton India secured the marketing and distribution rights for Milkfood's ice cream range. The company boasts a network of over 2000 vending outlets, predominantly situated in Delhi and Punjab. In 2005, Milkfood initiated production in Moradabad, utilizing advanced technology to ensure superior product quality, with a strategic aim to leverage the milk-rich resources of Uttar Pradesh.
In 2007, Milkfood established a wholly-owned subsidiary, Ispace Developers Pvt. Ltd., on March 29th. However, due to disinvestments in Triplefast Investments Pvt. Ltd., this subsidiary status was discontinued. Further, in 2014-15, the company introduced a new product line, Dairy Whitener, to its portfolio.
In February 1991, Brooke Bond Lipton India secured the marketing and distribution rights for Milkfood's ice cream range. The company boasts a network of over 2000 vending outlets, predominantly situated in Delhi and Punjab. In 2005, Milkfood initiated production in Moradabad, utilizing advanced technology to ensure superior product quality, with a strategic aim to leverage the milk-rich resources of Uttar Pradesh.
In 2007, Milkfood established a wholly-owned subsidiary, Ispace Developers Pvt. Ltd., on March 29th. However, due to disinvestments in Triplefast Investments Pvt. Ltd., this subsidiary status was discontinued. Further, in 2014-15, the company introduced a new product line, Dairy Whitener, to its portfolio.
