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Kwality

Kwality, the India-based dairy business, said today (17 October) it is the subject of a bankruptcy petition filed before the country's National Company Law Tribunal.

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US private-equity firm KKR has labelled reports it is to invest in Kwality, India's largest privately-owned dairy firm, as "speculation".

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India's largest private dairy company, Kwality Ltd, reported a jump in sales and earnings for fiscal 2016. 

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Indian dairy group Kwality is looking to become a business more focused on selling to consumers.

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Kwality Dairy, the Indian dairy processor, has posted rising sales and profits for the first nine months of its financial year.

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Indian bulk dairy producer Kwality, the owner of the Dairy Best brand, is expanding further in the country's consumer dairy sector with new products and expanded manufacturing facilities.

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Indian dairy Kwality is seeking an investment of US$80m to grow its milk procurement network in north India, just-food understands.

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Indian dairy group Kwality has attempted to cool claims it is in talks to sell a stake in the business - although the company has admitted it is looking to raise funds for expansion.