In India, livestock and dairy sector is considered as an engine of agricultural growth in the country. The operation flood programme (1970) owes its genesis to cooperative dairying and the beginning of cooperative dairying in India can be linked with the establishment of Kaira Cooperative at Anand, Gujarat. However, the status of cooperative dairying in Assam is far from its potential performance in terms of production and coverage. The present study is an attempt to analyse the performance of formal dairy value chain in Assam that follows the Anand pattern cooperative dairying model. The important findings from the study indicate that there exists two main underlying dimensions in the performance of cooperative dairying in Assam, i.e., financial and physical indicators and attention should be given considering the results of overall weightage average of these indicators to improve the performance of the formal dairy value chain.