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According to the bank website, "The proposed investment will support Dodla to: (a) expand and upgrade its existing manufacturing infrastructure by purchasing new equipment for select processing plants; (b) fund its working capital needs; and (c) for general corporate purposes including marketing and brand building (the “Project”)."
According to IFC,Dodla Dairy was incorporated in 1995 and is one of the top three dairy companies in Southern Indian states of Telangana, Andhra Pradesh, and Tamil Nadu with a total capacity of approximately 1 million litres per day as of May 31, 2018. It also has a presence in Kenya and Uganda. It engages in the procurement, production, distribution and marketing of milk and milk products, comprising fresh milk, curd, butter, paneer (cottage cheese), flavoured milk, milk sweets among others.
The Company is promoted by Dodla Sesha Reddy and his son Dodla Sunil Reddy, who each have over 20 years of experience in the dairy industry. The family collectively owns approximately 70% of the Company.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Dodla Dairy Limited | Client | - |
Dodla Dairy Limited
Mr. Hemanth Kundavaram
Chief Financial Officer
+91 40 4546 7777
mail@dodladairy.com
# 8-2-293/82/A, 270/Q, Road No 10-C, Jubilee Hills, Hyderabad, Telangana – 500 033.
https://www.dodladairy.com/
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/