Dodla Dairy Acquires Osam Dairy, Strengthens Pan-India Presence

Osam Dairy, one of Eastern India’s leading premium dairy brands, has announced its 100% acquisition by Dodla Dairy, one of India’s foremost integrated dairy companies based in South India, for a consideration of INR 271 crore.

This acquisition marks a major milestone for Osam Dairy and its shareholders, including promoters Abhinav Shah and Harsh Thakkar, as well as its private equity investors. The transaction combines the strength of a high-growth regional brand with the scale and operational expertise of a national dairy leader. Notably, this is among the first large-scale acquisitions in Eastern India, reinforcing the region’s potential to attract institutional capital, deliver strong investor returns, and foster a vibrant entrepreneurial ecosystem.

Sharing his views on the acquisition, Mr. Dodla Sunil Reddy, Managing Director, Dodla Dairy, said, “We are thrilled to announce the proposed acquisition of Osam, marking a significant milestone in Dodla’s journey. This strategic move underscores our commitment to becoming a Pan-India dairy company. As a market, Eastern India is a very exciting market for the dairy industry with faster growth as compared to the national average. This market supports a large population, and milk consumption has immense headroom for growth driven by high urbanization potential and strong GDP growth. We see tremendous synergies with Osam, which, when combined with Dodla's strong operational experience, will enable us to take this to the next level.”

Abhinav Shah, Promoter and Outgoing CEO, Osam Dairy, said, “This acquisition marks the beginning of Osam’s next chapter. Over the past decade, we’ve built a strong foundation, and joining hands with Dodla will accelerate the company’s growth, leveraging their scale and operational excellence. We thank the InCred team for facilitating this transaction in a record time of just over four months.”

InCred Capital acted as the exclusive financial advisor to Osam Dairy and its shareholders on the acquisition. Ashish Ambwani, Managing Director, InCred Capital said, “This transaction represents a landmark moment for Osam Dairy, which has carved a distinct niche in the competitive dairy sector of Eastern India. We’re proud to have advised on this transformative deal and are excited about the future of the business under Dodla’s ownership.”