Topic
cooperative
Manufacturing Milma Receives Spice Coast Excellence Award, Reports ₹4,344 Crore Turnover
Kerala Co-operative Milk Marketing Federation (Milma) has been awarded the Spice Coast Excellence Award by The Cochin Chamber of Commerce & Industry and Altacit Global. Milma Chairman K S Mani received the award at the 2026 ceremony. The cooperative reported a turnover of ₹4,344 crore for 2025-26 and has partnered with LuLu Group for global expansion, with plans to enter major e-commerce platforms.
Manufacturing Milma targets ₹10,000 crore turnover by 2030-31, eyes global expansion via Lulu Group partnership
Milma (Kerala Cooperative Milk Marketing Federation) aims to achieve a turnover of ₹10,000 crore by 2030-31, expanding domestic and international market presence through a partnership with Lulu Group. Chairman KS Mani highlighted investment opportunities in Kerala's dairy sector, which imports nearly 50% of its milk requirement. Milma recorded a turnover of ₹4,344 crore in 2025-26 and passes 83% of selling price to farmers.
Business As More US Business Owners Retire, Many Are Selling Up to Their Staff in Employee Ownership Deals
A wave of baby boomer retirements is prompting US business owners to sell their companies to employees, rather than to outside buyers. The trend is supported by rising investment funds and research showing employee-owned firms are more productive and pay higher wages. Examples include Softstar Shoes in Oregon and Stockwell Elastomerics in Philadelphia.