Before Indian economy opened up in 1992, Srikrishna Group opened the doors of the first private sector dairy in the state of Karnataka called Srikrishna Milks Private Limited, in 1989 at the remote village of Kirwatti, North Kanara District. This dairy initially engaged in procurement, processing and distribution of milk in North & South Kanara Districts of Karnataka. At the time when Srikrishna Milks Private Limited commenced its activities, the Dairy sector was dominated by Co-operative milk unions having substantial support from the State and Central Government with agencies engaged in promoting the said industry. It was not an easy task indeed to compete with mighty Co-operative sector and sustain in the industry without any support. However, there has been no looking back ever since. Srikrishna Groups’ constant search for pioneering activities made them promote many companies engaged in various innovative products as always first time in the region. Srikrishna Milks Private Limited Situated at : Kirwatti, Yellapur Taluk, Karnataka Established : 1989 Own Funds : Rs. 18.80 millions (as on 31.03.2004) Gross Block : Rs. 56.03 millions (as on 31.03.2004) Turnover : Rs. 211.27 millions (during the year 2003-04) Products : Branded sachet milk, Ghee, Flavoured milk, Butter, Lassi, Curds, Butter Milk Market : North Kanara, Hubli-Dharwad, Belgaum, Bagalkot, Hospet, Davanagere and Goa This plant handles about 50000 litres milk per day. This company has helped almost 1000 families to earn their living besides creating direct employment to locals in the plant. This company has been awarded the Best Small Scale Industry Award in the year 1992-93. This mother dairy is the nail stone of the Groups’ success. Srikrishna Dairy Private Limited Situated at : Heroor, Udupi, Karnataka Established : 1995 Own Funds : Rs. 24.16 millions (as on 31.03.2004) Gross Block : Rs. 62.71 millions (as on 31.03.2004) Turnover : Rs. 212.94 millions (during the year 2003-04) Products : Branded sachet milk, Flavoured milk, Butter, Lassi, Curds, Butter Milk Market : South Kanara, Udupi, North Kanara, Madikkeri, North Kerala The said market of the company was so far neglected in terms of milk distribution and had tremendous demand for quality milk. The customer-friendly approach of the company along with proper motivation of its agents without considering the actual realisation of earnings in terms of profits had fetched a good demand for its products within a short span of time. This company has helped almost 1000 families to earn their living besides creating direct employment to locals in the plant. The company was successful in its first year of operations and attained daily distribution of almost 25,000 litres of milk and within four years achieved a sale of 50000 LPD. This may be the only one company in dairy industry having a wide network of direct marketing called Hangyo Power Club with 1120 members. The concept of milk based softy ice cream was brought first to the region by this company and its Hangyo brand softee ice cream is very popular in the Coastal Karnataka, Goa and North Kerala. During the year 2003, Srikrishna Dairy got ISO 9001:2000 certificates for quality management systems. This company acts as the flagship company of the group. Hangyo Ice Creams Private Limited Situated at : Heroor, Udupi, Karnataka Established : 2002 Own Funds : Rs. 9.88 millions (as on 31.03.2004) Gross Block : Rs. 17.41 millions (as on 31.03.2004) Turnover : Rs. 10.88 millions (During the year 2003-04) Products : Ice Creams, Candies, Frozen Desserts Market : Coastal Karnataka, North Kerala The growth and proseperity of the dairy division and also the success of Srikrishna Dairy’s experiments in softee business inspired the group to form a new company dedicated to ice cream and frozen desserts manufacturing. Founded in February, 2002, Hangyo ice cream has established itself as one of Coastal Karnataka’s favorite ice creams! This plant has got a handling capacity of about 3000 litres. of ice cream per day. This company has helped almost 500 families to earn their living besides creating direct employment to locals in the plant. Its wide range of products under the brand Hangyo are vastly accepted and are the leading ice cream manufacturers in the region at present. Earlier this company was in the form of a partnership organisation under the name & style of Srikrishna Products and was converted into a private limited company. Earlier this company was handling a wide range of milk products like ghee, butter, paneer, milk peda, butter milk, flavoured milk, lassi etc. The company is at present making the groundwork to launch its products at national level within a period of seven years. Hangyo Hospitalities Private Limited Situated at : Manipal & Mangalore, Karnataka Established : 2001 Own Funds : Rs. 0.42 millions (as on 31.03.2004) Gross Block : Rs. 2.63 millions (as on 31.03.2004) Turnover : Rs. 14.72 millions (during the year 2003-04) Products : Food and Beverages Parlours/Restaurent : 1. Hangyo Saiba Multi-Cusine restaurent Basement, Saibaba hospital Main road, Manipal Ph:0820 - 2575677 2. Hangyo C.T.F Near Syndicate House Manipal Ph:0820 - 2572777 3. Hangyo Ice Cream Parlour Saibeen Complex Lalbaugh, Mangalore Ph: 0824 - 2454953 A company incorporated in 1996 and engaged in hospitality business and having its own dedicated food joint in Manipal, Mangalore and having multi cuisine restaurant at Manipal. Also catering to BPO outfit International Hostel. Other Group Companies Soft-ed Solutions (India) Private Limited This company was set up in the year 2000 to harvest the good trends of IT market and is a leading franchisee of SSI Ltd., in Bhatkal and Karwar. It is also operating as channel partner of Bharati Mobile Limited @ Airtel Connect, Belgaum and Hubli territory. Benchem India Pivate Limited This company is operating as channel partner of Bharati Mobile Limited @ Airtel Connect, Mangalore and Manipal territory. It is also acting as the Sales Promoters of Madras Cements Ltd. Srikrishna Corporate Services Private Limited With a view to cater to small and middle enterprises and upcoming entrepreneurs the group has established a one stop shop solutions for all Management and Legal issues faced by them. The company has been established in Hubli, Karnataka, which has targeted higher growth in the coming years. The intention of this venture of Srikrishna is for their commitment towards business fraternity of the area.