Amul is one of the most inspiring success stories in the business history of India. What began as a small dairy cooperative in 1946 has expanded to be the largest food and dairy brand in India, and is one of the most respected cooperatives in the world. People are not only aware of Amul for milk and milk products but also for empowering millions of farmers and changing India as the biggest milk producer in the world. In this article, you will learn about Amul’s net worth and its owners, leadership, and market presence.
Company Overview
| Category | Details |
| Name | Amul / Gujarat Cooperative Milk Marketing Federation (GCMMF) |
| Established | 1946 (cooperative movement), GCMMF formed in 1973 |
| Headquarters | Anand, Gujarat, India |
| Owner | Cooperative owned by 3.6 million farmers |
| Chairman | Ashok Chaudhary |
| Managing Director | Jayen Mehta |
| Revenue (2023-24) | ₹59,545 crore (US$7.3 Billion) |
| Estimated Brand Revenue (2024-25) | ₹90,000 crore (US$11 Billion) |
| Market Capitalization | Not applicable (Amul is not publicly traded) |
| Milk Procurement | 35 million liters per day |
| Cooperative Members | 18,600 village societies and 18 district unions |
Who Owns Amul?
Amul does not have a single owner. It is a cooperative that is owned by over 3.6 million dairy farmers in the state of Gujarat. These farmers control the procurement, processing and marketing of milk and dairy products through Gujarat Cooperative Milk Marketing Federation Limited (GCMMF). Because Amul is not listed on the stock exchange, its market capitalization and valuation on the basis of equity are nil.
Who Leads Amul?
Jayen Mehta is the Managing Director of GCMMF and Ashok Chaudhary is the Chairman. They are pioneering one of the most powerful cooperative movements in India in terms of the focus on farmer welfare, transparent pricing and innovation in dairy production and marketing.
Amul Net Worth and Financial Strength
Like public companies, Amul does not report a traditional net worth. Instead, the power of Amul is in its revenue and collective assets of member unions. Amul achieved ₹59,545 crore (US$7.3 billion) sales in FY 2023-24. The estimated unduplicated brand revenue in FY 2024-25 is close to ₹90,000 crore (US$11 billion) portraying powerful growth and customer trust.
Why Amul Stands Out
Amul is an economic freedom for farmers and continues to grow internationally. The brand exports dairy products including the USA, the UAE, Singapore, Japan, and Australia. Over the decades Amul has won many national and international awards for quality, innovations and marketing excellence.
With its cooperative power, ethical leadership and farmer first model, Amul continues to be the symbol of unity, strength and progress truly “The Taste of India.”
