Avanti Feeds Ltd. is a significant player in the shrimp feed and shrimp processing industry in India. Key highlights of the company include:
- Market Position: Avanti Feeds Ltd. is the largest producer of shrimp feed in India, holding approximately 45% of the market share in the domestic feed business.
- Business Segments:
- Shrimp Feed: The primary business segment.
- Shrimp Processing: Constitutes 19% of the company’s revenues for the first nine months of FY24. The company has recently expanded its processing capabilities with a new plant in Krishnapuram, Kakinada District, with a capacity of 7,000 MT per annum.
- Manufacturing Plants: The company operates seven manufacturing plants, six located in Andhra Pradesh and one in Gujarat.
- Revenue Distribution:
- India accounts for 79% of the company’s revenues.
- USA contributes 18%.
- The rest of the world accounts for 3%.
- International Collaboration:
- Avanti Feeds Ltd. has a long-term technical and financial collaboration with Thai Union Group, a multinational corporation in the global seafood industry.
- Thai Union holds a 24.2% stake in Avanti Feeds Ltd.
- Thai Union also holds the remaining 40% stake in Avanti’s subsidiary, Avanti Frozen Foods Pvt. Ltd., which handles the shrimp processing business.
- Expansion into Pet Care:
- In July 2023, Avanti Feeds Ltd. incorporated a subsidiary, AVANTI PET CARE Pvt. Ltd., as a special purpose vehicle for manufacturing pet food (mainly for dogs and cats) and other pet care products for the domestic market.
- Technical know-how for this venture is provided by Bluefalo Pet Care Company Ltd., a reputed pet food and pet care products manufacturer from Thailand.
- Export Markets:
- The company is strengthening its exports to the US and Canadian markets.
- It is also exploring new markets in Japan and Korea.
Disclaimer-
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