Gujarat Co-operative Milk Marketing Federation (GCMMF), the owner and marketer of ‘Amul’ brand of milk and milk products, reports an annual turnover of ₹ 20735 crore during the financial year 2014-15. This figure is 14.28% higher than that of the previous financial year. Value added products contributed to 35-40% of the revenue and the liquid milk contributes the rest. Though the milk price dropped by 20-25% during 2014-15, the annual growth rate during the last five years is around 23%. GCMMF reports ₹ 378.18 million profit after tax in 2014-15.
GCMMF is rated as the fastest growing dairy organization in the world. According to International Farm Comparison Network (IFCN), GCMMF has risen to 15th rank among the top dairy organizations of the world in 2014 from its twentieth position in 2012.
It is aiming to achieve ₹ 50000 crore in five years from now and plans to invest ₹ 5000 crore to set up 10 new dairy
plants outside Gujarat. It has also plans to modernise the plants to achieve a capacity of 320 lakh litres per day from the present 150 lakh litres per day. GCCMMF procures 13.18 million litres of milk per day from 3.23 million farmers through 17025 village co-operative dairy societies. The Annual turnover in 2005-2006 was ₹ 3774 crores and reached ₹ 18143 crore in 2013-14 and ₹ 20735 crore in 2014-15. The rate of growth of in 2014-15 was only 14.28% while it was 32.1% in the previous financial year. The drop in price of milk may be a reason for the low rate of growth in 2014-15.
To prevent the rural dairy farmers from the exploitation by middlemen, the co-operative movement in 1948 by Sardar Vallbhai Patel, Morarji Desai and Tribhuvandas Patel. It all started with just two dairy co-operative societies and 240 litres of milk and started growing with Thribhuvandas Patel and Dr V Kurien. Amul’s success led to instituting a National Dairy Development Policy and that led to the establishment of National Dairy Development Board (NDDB). The Government of India chose Dr V Kurien as the Chairman of NDDB in 1965 and the ‘Amul’ model was replicated in all the states of India. Twenty two state federations with 84 milk unions and 162186 dairy co-operative societies collect milk from 15.45 million farmers. Dr Kurien relinquished office in 1998 and Dr Amrutha Patil headed NDDB from 1998 to 2014. Sri. T Nandakumar is the present Chairman.