Amul is an Indian dairy cooperative, based at Anand in the state of Gujarat, India. The word amul (अमूल) is derived from the Sanskrit word amulya (अमूल्य), meaning rare, valuable . The co-operative was initially referred to as Anand Milk Federation Union Limited hence the name AMUL.Formed in 1946, it is a brand managed by a cooperative body, the Gujarat Co-operative Milk Marketing Federation Ltd.