Our Company is one of the integrated producer and exporter of shelf stable quality aquaculture products. We supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countriesOur output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium. We strategically focus on the market of USA, which is the largest importer of aquaculture products in the world (Source- Crisil Report). Our integrated operations comprise of hatchery, farming, pre-processing, processing and exporting of aquaculture products. Our products and processes comply with stringent quality standards set by the developed markets we serve.
Our Company operates out of Andhra Pradesh, which is the most favourable state in India for aquaculture business. Our integrated operations span across our hatchery and farming on 1,032 acres of land and currently processing of approximately over 9,240 MTPA of finished products at our facility located at Kakinada. Our facility is approved by the Export Inspection Council for export to all countries excluding Australia and Custom Union. Our facility is also certified with BRC Food Grade, Best Aqua Culture Practices, HACCP and ASC.
For over two decades, our promoters have been associated with aquaculture business in Andhra Pradesh. Our Company leased a shrimp processing facility and commenced operations in the year 1995 after which we set-up our own shrimp processing facility in the year 2004.
We commenced our export business since our inception as a partnership firm in the year 1995. We have grown at a CAGR of 33.53% over the last four years aided by rising demand for aquaculture products globally especially from USA and European Union, favourable state policies, and shifting of seafood processing activities by south-east Asian countries to India.
Our processing facility is located at Kakinada, Andhra Pradesh with a capacity to process approximately over 9,240 MTPA of finished products and an additional pre-processing and processing arrangement at a facility owned by Royale Marine Impex Private Limited located at Bapatla, Andhra Pradesh, for a capacity to process around 3,000 MTPA of finished products. The processing facilities are supplemented by cold storage facilities located at Kakinada and Bapatla. Along with this, to further assuage our operations, we have our own fleet of vehicles with freezing capabilities.
Our board of directors
Karuturi Satyanarayana Murthy, aged 61 years, is the Chairman and Managing Director of our Company. He has an experience of 20 years in aquaculture industry. He has setup partnership firm“Apex Exports”in 1997 to export shrimps which was later converted into Apex Frozen Foods Private Limited. He has been heading our company since then. He is responsible for making strategic decisions and decisions relating to business development and overall administration of the operations of our Company.
Karuturi Subrahmanya Chowdary, aged 37 years, is the Executive Director of our Company. He has been a director since the inception of our Company. He has an experience of 12 years in aquaculture industry. He has played a significant role in the development of our business. He is involved in the business operations and marketing activities of our Company.
Karuturi Neelima Devi, aged 32 years is the Whole Time Director of our Company. She holds a Bachelor Degree in Science from Andhra University and has over 5 years of experience in the aqua industry. She has experience in administration. She participates in the corporate social activities of our Company and is the Chairman of CSR Committee.
Datla Chandra Sekhar Raju aged 45 years is a Non-Executive Independent Director of our Company. He holds a Bachelor degree in Technology from Jawaharlal Nehru Technology University. He has 19 years experience in the field of information technology and worked for several reputed public sector & private sector undertakings.
Venkata Subba Raju Datla, aged 65 years is a Non-Executive Independent Director of our Company. He holds a Bachelors degree in law. He has a 36 years’ experience in the banking sector. He has held various positions during his association with Andhra Bank.
Mantena Lakshmipathi Raju, aged 63 years is a Non-Executive Independent Director of our Company. He holds a degree of Doctor of Philosophy. He has 37 years of teaching experience and has held prestigious positions in the Andhra University.