Quick Facts / Company Snapshot
- Company Name: Avanti Feeds Limited
- Corporate Identification Number (CIN): L16001AP1993PLC095778
- Registered Office Location: Visakhapatnam, Andhra Pradesh, India
- Founding Year: 1993
- Founder: Sri Alluri Venkateswara Rao
- Chairman & Managing Director: Dr. A. Indra Kumar
- Total Consolidated Revenue (FY 2024-25): ₹5,777.73 Crores
- Net Profit After Tax (Consolidated FY 2024-25): ₹557.05 Crores
- Shrimp Feed Sales Volume (FY 2024-25): 5,55,247 Metric Tonnes
- Processed Shrimp Sales Volume (FY 2024-25): 14,149 Metric Tonnes
- Total Feed Production Capacity: 7,75,000 Metric Tonnes Per Annum
- Shrimp Processing Capacity: 36,000 Metric Tonnes Per Annum
- Hatchery Capacity: 600 Million Post Larvae Per Annum
- Wind Power Capacity: 3.2 Megawatts
- Key Global Partner: Thai Union Group Public Company Limited
- Primary Export Market: United States of America
- New Business Diversification: Pet Care and Fish Feed
- Number of Permanent Employees: 738
- Total Assets (Consolidated FY 2024-25): ₹3,68,270.21 Lakhs
- Earnings Per Share (Basic & Diluted – Consolidated): ₹38.81
Company Overview
Avanti Feeds Limited stands as a dominant force in the global aquaculture industry, transforming from a leader in shrimp nutrition into a diversified provider of protein and nutrition solutions. Established in 1993, the company has spent over three decades building a reputation for reliability, quality, and sustainability. Avanti Feeds has firmly positioned itself at the forefront of the “Blue Revolution” in India, contributing significantly to the country’s status as a leading global producer and exporter of shrimp.
The company operates a fully integrated business model that spans the entire aquaculture value chain. Its core competencies lie in the manufacturing of high-quality shrimp feed, the production of premium shrimp seeds, and the processing and export of world-class shrimp products. Beyond its aquaculture stronghold, Avanti Feeds has strategically diversified into renewable energy through wind power generation and, more recently, into the pet care and fish feed segments.
Avanti Feeds maintains a robust manufacturing footprint with multiple ISO and BAP-certified facilities located in the strategic aquaculture hubs of Andhra Pradesh and Gujarat. The company’s unwavering commitment to farmers is evident through its extensive field-level engagement, where it provides technical guidance, pond management advice, and disease mitigation support to over 20,000 farmers.
Backed by a long-standing technical and financial collaboration with Thai Union Group, a global seafood powerhouse, Avanti Feeds leverages world-class research and development to introduce advanced feed formulations and processing technologies. This partnership has been instrumental in enhancing the company’s credibility and acceptance in international markets, particularly in the United States, Europe, Japan, and the Middle East.
In the fiscal year 2024-25, the company demonstrated exceptional resilience amidst global headwinds such as tariff shocks and softening demand. With a consolidated turnover exceeding ₹5,777 Crores and a strong balance sheet, Avanti Feeds continues to redefine growth by expanding its horizons and embracing sustainable practices that enrich the aquaculture ecosystem.
Business Segments
Avanti Feeds Limited operates through four primary business segments: Shrimp Feed, Shrimp Processing, Hatchery, and Power. Each segment plays a critical role in the company’s integrated business model.
1. Shrimp Feed Division
Operational Scope: The Shrimp Feed Division is the cornerstone of Avanti Feeds’ operations, contributing the majority of the company’s revenue. This segment focuses on the research, development, manufacturing, and marketing of scientifically formulated shrimp feed. The feed is designed to meet the nutritional requirements of shrimp at various life stages, ensuring optimal growth, health, and feed conversion ratios (FCR).
The company operates five state-of-the-art feed manufacturing units with a combined installed capacity of 7,75,000 Metric Tonnes per annum. These facilities are located in Kovvur, Vemuluru, and Bandapuram in West Godavari District, Andhra Pradesh, and Pardi in Valsad District, Gujarat. The feed products are distributed through an extensive network of dealers and distributors, ensuring last-mile connectivity to farmers across India’s coastal belts.
Financial Contribution:
- Segment Revenue (External Sales): ₹4,40,960.93 Lakhs
- Percentage of Total Revenue: 78.57%
2. Shrimp Processing Division
Operational Scope: Operated primarily through its subsidiary, Avanti Frozen Foods Private Limited (AFFPL), this segment is responsible for the processing and export of value-added shrimp products. The division focuses on transforming India’s aquaculture bounty into premium seafood for discerning global markets.
The company operates three modern processing facilities with a total annual capacity of 36,000 Metric Tonnes. This includes a newly commissioned plant at Krishnapuram, Andhra Pradesh, with a capacity of 7,000 Metric Tonnes. The product portfolio includes raw, cooked, and value-added shrimp products such as marinated products, breaded products, skewers, and shrimp rings. The division adheres to stringent global food safety certifications, including BAP, BRC, and ASC, to serve markets in the USA, Europe, Japan, South Korea, China, and the Middle East.
Financial Contribution:
- Segment Revenue (External Sales): ₹1,18,027.19 Lakhs
- Percentage of Total Revenue: 21.03%
3. Hatchery Division
Operational Scope: The Hatchery Division serves as the foundation of the aquaculture value chain by supplying high-quality, disease-free shrimp seeds (post-larvae). Located in Gudiwada village, Visakhapatnam district, Andhra Pradesh, the hatchery has an annual production capacity of 600 million post-larvae.
This facility utilizes cutting-edge seawater filtration systems and precision rearing tanks to replicate ideal growth conditions. The hatchery follows best-in-class management and biosecurity protocols to ensure consistent seed health and survivability. By providing reliable seeds, Avanti Feeds helps farmers reduce crop failures and improve farm productivity.
Financial Contribution:
- Segment Revenue (External Sales): ₹2,168.17 Lakhs
- Percentage of Total Revenue: 0.39%
4. Power Division
Operational Scope: Avanti Feeds has invested in the renewable energy sector to support sustainability and reduce its carbon footprint. The company owns and operates four windmills with a total capacity of 3.2 Megawatts located in Chitradurga, Karnataka.
The power generated from these windmills is sold to the Karnataka Power Transmission Corporation Limited (KPTCL) under a long-term Power Purchase Agreement (PPA). During the fiscal year 2024-25, these windmills generated 47.95 lakh units of power. Additionally, the company holds investments in gas-based (17.2 MW) and hydel (16 MW) power projects through its subsidiaries and associates.
Financial Contribution:
- Segment Revenue (External Sales): ₹162.90 Lakhs
- Percentage of Total Revenue: 0.03%
History and Evolution
Avanti Feeds Limited traces its origins back to 1993, founded by the visionary Sri Alluri Venkateswara Rao. Established with a deep-rooted belief in inclusive prosperity and excellence, the company began its journey to aid sustainability and reliability in aquaculture.
Founding and Early Years: The company was incorporated with the mission to support the “Blue Revolution” in India. Sri Alluri Venkateswara Rao laid a strong foundation built on principles of truth, resilience, and responsibility. His vision was to empower the farming community by providing high-quality inputs that would enhance productivity and livelihoods.
Strategic Partnership with Thai Union: A pivotal moment in Avanti’s history was the forging of a long-standing collaboration with Thai Union Group Public Company Limited, a global seafood leader. This partnership provided Avanti with access to world-class research, advanced feed formulation technologies, and global market insights. The collaboration has been a catalyst for the company’s internationalization efforts, enhancing its credibility and operational excellence.
Expansion and Modernization: Over the decades, Avanti Feeds aggressively expanded its manufacturing capabilities. From a modest beginning, the company scaled up to a massive feed production capacity of 7,75,000 MT and a processing capacity of 36,000 MT. The company continuously upgraded its facilities to meet international standards such as ISO, HACCP, and BAP certification.
Diversification and Recent Milestones: In recent years, Avanti Feeds has evolved from a pure-play shrimp feed manufacturer into a diversified protein and nutrition enterprise.
- 2015: Establishment of Avanti Frozen Foods Private Limited (AFFPL) to focus on shrimp processing and exports.
- 2024-25: The company marked a significant strategic leap by entering the pet care market with the launch of “AVANT FURST” cat food and expanding into fish feed for inland aquaculture.
- 2024: Commissioning of a new state-of-the-art shrimp processing plant in Krishnapuram, Andhra Pradesh.
The company’s journey is defined by its ability to weather industry headwinds, such as global trade uncertainties and tariff shocks, while consistently delivering value to its stakeholders. Today, Avanti Feeds is recognized as one of India’s most dependable and quality-driven seafood enterprises.
Products and Services
Avanti Feeds offers a comprehensive range of products and services tailored to the needs of the aquaculture and pet care industries.
1. Shrimp Feed and Processed Shrimp
This is the primary product category, encompassing both the domestic sale of shrimp feed and the export of processed shrimp.
- Shrimp Feed: Scientifically formulated feeds designed for the Vanannamei and Black Tiger shrimp species. These feeds are tailored with optimal protein and nutrient profiles for different life stages of shrimp.
- Processed Shrimp: A diverse portfolio including raw, cooked, and value-added products. Offerings include Head-on, Headless, Easy Peel, Peeled & Deveined (Tail-on/Tail-off), Butterfly Cut, Marinated products, Breaded products, Skewers, and Shrimp Rings.
Revenue Breakdown:
- Domestic Sales (Feed & Processing): ₹4,41,718.96 Lakhs
- Export Sales (Feed & Processing): ₹1,09,816.70 Lakhs
- Combined Revenue: ₹5,51,535.66 Lakhs
- Percentage of Total Revenue: 98.27%
2. Shrimp Seed
Produced by the Hatchery Division, shrimp seeds (post-larvae) are the starting point for successful shrimp farming. The hatchery produces high-quality, Specific Pathogen Free (SPF) seeds that ensure high survival rates and faster growth for farmers.
Financial Performance:
- Revenue: ₹2,168.17 Lakhs
- Percentage of Total Revenue: 0.39%
3. Power
The company generates and sells wind power to the state grid. This service supports the region’s energy demands with clean, renewable energy.
Financial Performance:
- Revenue: ₹162.90 Lakhs
- Percentage of Total Revenue: 0.03%
4. Pet Feed
A newly launched category under the subsidiary Avanti Pet Care Private Limited. The company has introduced premium cat food products and plans to launch dog food. The initial products are imported and marketed under the brand “AVANT FURST”.
Financial Performance:
- Revenue: ₹25.79 Lakhs
- Percentage of Total Revenue: 0.005%
5. Fish Feed
Another diversification initiative targeting India’s inland aquaculture market. The company produces feed for freshwater species such as Sea Bass, Murrel, and Rainbow Trout.
Financial Performance:
- Revenue: ₹3.70 Lakhs
- Percentage of Total Revenue: 0.001%
6. Other Sales
This category includes miscellaneous sales not classified under the primary business verticals.
Financial Performance:
- Revenue: ₹3.20 Lakhs
- Percentage of Total Revenue: 0.001%
Brand Portfolio
Avanti Feeds has developed a strong portfolio of brands that command trust and loyalty among farmers and consumers alike.
1. Manamei
A flagship shrimp feed brand known for its high-performance formulation. It is designed to maximize growth rates and feed conversion efficiency for Vannamei shrimp farming.
- Category: Shrimp Feed
- Revenue Contribution: Included in the ₹4,41,718.96 Lakhs domestic feed revenue.
2. Titan
A premium feed brand catering to intensive farming practices. Titan is recognized for its superior nutritional balance that supports high stocking densities.
- Category: Shrimp Feed
- Revenue Contribution: Included in domestic feed revenue.
3. Profeed
A widely used feed brand that offers a cost-effective solution for farmers while maintaining essential nutritional standards for healthy shrimp development.
- Category: Shrimp Feed
- Revenue Contribution: Included in domestic feed revenue.
4. High Boost
A specialized feed formulation aimed at delivering rapid weight gain and boosting the immunity of shrimp, particularly useful in challenging environmental conditions.
- Category: Shrimp Feed
- Revenue Contribution: Included in domestic feed revenue.
5. Prostar
Another key brand in the feed portfolio, Prostar is tailored for specific growth stages and farming conditions, ensuring consistent performance.
- Category: Shrimp Feed
- Revenue Contribution: Included in domestic feed revenue.
6. Avant Furst
The company’s entry into the B2C consumer market. Avant Furst is a premium pet food brand, initially launching with cat food products. It positions itself on the platform of science-backed nutrition and high-quality ingredients.
- Category: Pet Care
- Revenue Contribution: ₹25.79 Lakhs (Initial Launch Phase).
7. Mermaid, Tiger, Champaign, Titanium, Achiever, Commando, Slurp, Dazzle
These brands represent the breadth of Avanti’s feed offerings, catering to various niche requirements, species (like Black Tiger shrimp), and market segments within the aquaculture industry.
- Category: Shrimp Feed
- Revenue Contribution: Aggregated within the Shrimp Feed segment.
Geographical Presence
Avanti Feeds has a significant footprint both domestically in India and internationally, serving customers across key global markets.
1. India
India is the company’s largest market and operational base. All manufacturing units for feed and processing are located here. The domestic market consumes the vast majority of the shrimp feed produced.
- Operational Footprint: 6 Feed Plants, 1 Hatchery, 3 Processing Plants, 4 Windmills. Offices in Hyderabad (Corporate) and Visakhapatnam (Registered).
- Region Revenue: ₹4,51,239.53 Lakhs
- Percentage of Total Revenue: 80.40%
2. United States of America (USA)
The USA is the primary export destination for Avanti’s processed shrimp products. Despite tariff challenges, it remains a critical market for the company’s value-added seafood exports.
- Operational Footprint: Key export market served through distribution channels.
- Region Revenue: ₹73,808.12 Lakhs
- Percentage of Total Revenue: 13.15%
3. Rest of the World
This segment includes exports to Europe, Japan, South Korea, China, Canada, and the Middle East. Avanti is actively diversifying into these regions to reduce dependence on the US market. The company has also expanded operations into Bangladesh.
- Operational Footprint: Export markets; strategic expansion in Bangladesh and Middle East (Saudi Arabia, Qatar, Oman).
- Region Revenue: ₹36,178.42 Lakhs
- Percentage of Total Revenue: 6.45%
Financial Performance Analysis
Avanti Feeds Limited delivered a resilient financial performance in FY 2024-25, navigating a complex global environment marked by trade disruptions and input cost volatility.
Consolidated Performance
- Total Income: The company reported a Total Income of ₹5,77,773.69 Lakhs (₹5,778 Crores), representing a growth of 4.95% over the previous year’s income of ₹5,50,516.21 Lakhs.
- Profit Before Tax (PBT): PBT rose significantly to ₹73,749.38 Lakhs, an increase from ₹53,685.59 Lakhs in FY24.
- Profit After Tax (PAT): The consolidated PAT stood at ₹55,705.23 Lakhs (₹557 Crores), up from ₹39,380.93 Lakhs in the previous year.
- Earnings Per Share (EPS): The Basic and Diluted EPS increased to ₹38.81 from ₹26.21, reflecting robust shareholder value creation.
Standalone Performance
- Total Income: Standalone Total Income reached ₹4,56,321.02 Lakhs, compared to ₹4,39,566.20 Lakhs in the prior year.
- Profit After Tax: Standalone PAT was ₹49,229.98 Lakhs, showing strong growth from ₹30,805.65 Lakhs in FY24.
Trend Analysis
The company has shown a consistent upward trajectory in revenue and profitability. The increase in gross income and margins highlights the effectiveness of the management’s focus on cost control, operational efficiency, and higher-margin value-added products. Despite external pressures, the company maintained its leadership position and financial stability.
Profit and Loss Analysis
A detailed breakdown of the Consolidated Statement of Profit and Loss for the year ended 31st March 2025 reveals the following critical metrics:
- Revenue from Operations: ₹5,61,226.07 Lakhs. This figure forms the core of the company’s income, derived from feed sales and shrimp exports.
- Other Income: ₹16,547.62 Lakhs. This includes interest income, dividend income, and gains from investments.
- Total Expenses:₹5,04,049.48 Lakhs.
- Cost of Materials Consumed: ₹4,42,926.42 Lakhs. This is the largest expense component, primarily comprising raw materials like fish meal, soybean meal, and wheat flour.
- Employee Benefits Expense: ₹25,078.70 Lakhs.
- Finance Costs: ₹225.00 Lakhs.
- Depreciation and Amortization: ₹5,902.18 Lakhs.
- Other Expenses: ₹46,445.20 Lakhs (includes power, fuel, rent, and manufacturing expenses).
- Profit Before Tax: ₹73,749.38 Lakhs.
- Tax Expenses: ₹18,044.15 Lakhs (Current Tax: ₹17,756.07 Lakhs; Deferred Tax: ₹288.08 Lakhs).
- Net Profit for the Year: ₹55,705.23 Lakhs.
- Total Comprehensive Income: ₹55,555.60 Lakhs.
Balance Sheet Analysis
The Consolidated Balance Sheet as at 31st March 2025 showcases a strong financial position with substantial asset backing and high liquidity.
Assets
- Total Assets: ₹3,68,270.21 Lakhs.
- Non-Current Assets:₹69,116.72 Lakhs.
- Property, Plant and Equipment: ₹55,470.79 Lakhs. This reflects significant investment in manufacturing facilities.
- Capital Work-in-Progress: ₹2,990.82 Lakhs, indicating ongoing capacity expansion.
- Current Assets:₹2,99,153.49 Lakhs.
- Inventories: ₹88,073.24 Lakhs.
- Financial Assets – Investments: ₹1,04,030.32 Lakhs.
- Cash and Cash Equivalents: ₹2,613.36 Lakhs.
- Other Bank Balances: ₹87,252.35 Lakhs.
Liabilities and Equity
- Total Equity:₹3,17,484.11 Lakhs.
- Equity Share Capital: ₹1,362.46 Lakhs.
- Other Equity: ₹2,78,733.83 Lakhs (Includes Retained Earnings and General Reserves).
- Non-Controlling Interests: ₹37,387.82 Lakhs.
- Total Liabilities:₹50,786.12 Lakhs.
- Non-Current Liabilities: ₹5,493.03 Lakhs. Includes deferred tax liabilities and long-term provisions.
- Current Liabilities:₹45,293.07 Lakhs.
- Trade Payables: ₹40,048.01 Lakhs.
- Borrowings: ₹278.94 Lakhs.
Liquidity Position: The company maintains a very healthy liquidity position with a Current Ratio of approximately 6.60, indicating a strong ability to meet short-term obligations. The Debt-to-Equity ratio remains negligible at 0.01, highlighting a virtually debt-free status.
Cash Flow Analysis
The Consolidated Statement of Cash Flows for FY 2024-25 provides insights into the company’s liquidity generation and utilization.
- Cash Flow from Operating Activities: ₹58,436.14 Lakhs. This strong positive cash flow demonstrates the core business’s ability to generate cash efficiently.
- Cash Flow from Investing Activities: (₹48,511.63) Lakhs. The negative figure indicates significant outflow towards capital expenditure (₹15,253.09 Lakhs) and purchase of investments (₹1,18,465.09 Lakhs), offset by redemptions. This reflects the company’s strategy of reinvesting in growth and managing treasury surplus.
- Cash Flow from Financing Activities: (₹8,563.11) Lakhs. Outflows were primarily for dividend payments (₹9,750.89 Lakhs) and finance costs.
- Net Increase/Decrease in Cash: There was a net decrease in cash and cash equivalents of ₹1,361.40 Lakhs, resulting in a closing balance of ₹2,613.36 Lakhs.
Board of Directors and Leadership Team
Avanti Feeds is guided by a distinguished Board of Directors comprising visionary leaders with deep industry expertise.
- Dr. A. Indra Kumar: Chairman & Managing Director. A visionary leader steering the company’s strategic direction and growth.
- Sri C. Ramachandra Rao: Joint Managing Director, Company Secretary & CFO. Responsible for financial stewardship, compliance, and corporate governance.
- Sri A. Venkata Sanjeev: Executive Director. Oversees operational aspects and strategic initiatives.
- Sri J. V. Ramudu: Chairman of the Board, Non-Executive Independent Director.
- Sri N. Ram Prasad: Non-Executive Director.
- Mr. Yongyut Setthawiwat: Non-Executive Director. Represents the collaboration with Thai Union Group.
- Mr. Peerasak Boonmechote: Non-Executive Director.
- Sri A. Nikhilesh Chowdary: Non-Executive Director.
- Sri V. Narsi Reddy: Non-Executive Independent Director.
- Dr. S. V. S. S. Prasad: Non-Executive Independent Director.
- Smt. Y. Prameela Rani: Non-Executive Independent Woman Director.
- Sri V. Raghunath: Nominee Director (APIDC).
Committee Composition: The Board has established several committees including the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee to ensure robust governance and oversight.
Subsidiaries, Associates, Joint Ventures
Avanti Feeds has expanded its operational footprint through strategic subsidiaries and associates.
1. Avanti Frozen Foods Private Limited (AFFPL)
- Relationship: Subsidiary
- Ownership: 60%
- Revenue: ₹1,18,027.19 Lakhs
- Percentage of Total Group Revenue: 21.03%
- Contribution: Engaged in the processing and export of shrimp. It operates modern processing plants and handles the company’s export operations to markets like the USA and Europe.
2. Patikari Power Private Limited
- Relationship: Associate
- Ownership: 25.88%
- Revenue: ₹872.70 Lakhs
- Percentage of Total Group Revenue: 0.16%
- Contribution: Holds a 16 MW Hydel Power Project in Himachal Pradesh. Generated 38.79 Million saleable energy units in FY25.
3. Avanti Pet Care Private Limited (APCPL)
- Relationship: Subsidiary (Joint Venture with Bluefalo Petcare Co. Ltd., Thailand)
- Ownership: 60%
- Revenue: ₹25.79 Lakhs
- Percentage of Total Group Revenue: 0.005%
- Contribution: Established to enter the pet food market. Currently trading in pet food under the brand “Avant Furst” and setting up a manufacturing facility.
4. Srivathsa Power Projects Private Limited (SPPPL)
- Relationship: Subsidiary
- Ownership: 100%
- Revenue: ₹0 (Other Income ₹14.83 Lakhs)
- Contribution: A 17.2 MW gas-based independent power project in Andhra Pradesh. Currently non-operational due to fuel supply issues.
Physical Properties
Avanti Feeds operates a comprehensive network of physical assets to support its integrated business model.
Feed Manufacturing Units:
- Shrimp Feed Plant – I: Kovvur, West Godavari District, Andhra Pradesh.
- Shrimp Feed Plant – II: Vemuluru, Kovvur, Andhra Pradesh.
- Shrimp Feed Plant – III: Kovvur, West Godavari District, Andhra Pradesh.
- Shrimp Feed Plant – IV: Pardi, Valsad District, Gujarat.
- Shrimp Feed Plant – V: Bandapuram, West Godavari District, Andhra Pradesh.
- Shrimp Feed Plant – VI: Bandapuram, West Godavari District, Andhra Pradesh.
- Wheat Flour Plant: Kovvur, West Godavari District, Andhra Pradesh.
Hatchery:
- Shrimp Hatchery: Gudiwada Village, Visakhapatnam District, Andhra Pradesh.
Processing Plants:
- Plant 1: Yerravaram, Andhra Pradesh.
- Plant 2: Gopalapuram, Andhra Pradesh.
- Plant 3: Krishnapuram, Andhra Pradesh (New 7,000 MT capacity plant).
Wind Energy:
- Wind Mills: Lakkihalli Village, Chitradurga District, Karnataka (4 units, 3.2 MW total capacity).
Offices:
- Registered Office: Visakhapatnam, Andhra Pradesh.
- Corporate Office: Hyderabad, Telangana.
Segment-wise Performance
Shrimp Feed
- Operational Performance: Sales volume grew to 5,55,247 MT from 5,31,967 MT in the previous year. The segment maintained its market leadership with a share of nearly 50%.
- Financial Performance: Segment revenue increased to ₹4,40,960.93 Lakhs. Profit Before Tax for the segment stood at ₹658.74 Crores.
- YoY Movement: Achieved stable volume growth of 4.38% despite market challenges.
Shrimp Processing
- Operational Performance: Sales volume increased to 14,149 MT from 13,467 MT. The division focused on expanding value-added exports.
- Financial Performance: Segment revenue stood at ₹1,18,027.19 Lakhs. Profit Before Tax was ₹86 Crores.
- YoY Movement: Revenue grew modestly, but margins faced pressure due to higher ocean freight and duties.
Power
- Operational Performance: Generated 47.95 lakh units of power.
- Financial Performance: Revenue of ₹162.90 Lakhs with a Segment Result of ₹23.19 Lakhs.
- YoY Movement: Stable generation with consistent revenue.
Founders
Sri Alluri Venkateswara Rao (1933-2002) Sri Alluri Venkateswara Rao was the Founder-Chairman of the Avanti Group. He was a visionary leader whose principles of truth, resilience, and responsibility laid the foundation for the company’s culture. His deep-rooted belief in inclusive prosperity continues to inspire the company’s operations. His legacy drives Avanti’s commitment to excellence and its focus on empowering the farming community.
Shareholding Pattern
As of 31st March 2025, the shareholding pattern of Avanti Feeds Limited reflects strong promoter confidence and significant institutional interest.
- Promoters:
- Srinivasa Cystine Private Limited: 26.64%
- Thai Union Group Public Company Limited: 24.21%
- Dr. A. Indra Kumar: 6.11%
- Alluri Indra Kumar (HUF): 6.01%
- Total Promoter Holding: 43.22%
- Public Shareholding:
- Includes Mutual Funds, Foreign Portfolio Investors, Financial Institutions, and Retail Investors holding the remaining shares. Notable public shareholder includes Thai Union Asia Investment Holding Limited (formerly held 8.77%, shares transferred to Thai Union Group).
Parent
Avanti Feeds Limited does not have a formal “Parent Company” in the traditional sense of a holding company structure where one entity owns the majority. However, Thai Union Group Public Company Limited acts as a significant strategic partner and promoter, holding 24.21% of the equity. Thai Union is a global seafood leader based in Thailand, and this collaboration is integral to Avanti’s technology, research, and global market access.
Investments and Capital Expenditure Plans
Avanti Feeds is actively investing in expanding its capabilities and diversifying its business.
- Capital Expenditure (Capex):
- In FY 2024-25, the company incurred a Capex of ₹15,253.09 Lakhs.
- Key investments included the commissioning of the new processing plant at Krishnapuram and the installation of rooftop solar power modules (3.44 MW capacity with ₹13.64 Crores investment).
- Future Plans: Planning to install another 0.644 MW solar capacity with an investment of ₹1.8 Crores. Land acquisition is underway for setting up a pet food manufacturing plant in Hyderabad.
- R&D Spending:
- The company continues to invest in Research and Development to improve feed conversion ratios, disease resistance, and sustainable farming practices.
- R&D initiatives include converting diesel boilers to biomass boilers and installing bio-filters.
- Strategic Investments:
- Invested ₹4,990 Lakhs in the subsidiary Avanti Pet Care Private Limited to fund the entry into the pet food segment.
Future Strategy
The management of Avanti Feeds has outlined a clear strategic roadmap for future growth, termed “Expanding Possibilities, Redefining Growth.”
- Market Diversification:
- Reduce reliance on the US market by expanding into Europe, Japan, South Korea, and the Middle East.
- Target emerging aquaculture hubs like Bangladesh and Middle Eastern countries (Saudi Arabia, Qatar, Oman) for feed and processed shrimp.
- Product Diversification:
- Pet Care: aggressive expansion into the pet food market with the “Avant Furst” brand. Plans to launch dog food in August 2025 and commence commercial production at a new facility by early 2027.
- Fish Feed: Scale up the production and sale of fish feed for inland aquaculture species to tap into the growing domestic market.
- Value Addition:
- Shift focus towards high-margin, value-added processed shrimp products (cooked, breaded, marinated) to command premium pricing and ensure margin stability.
- Capacity Expansion:
- Leverage the new processing plant to handle increased export volumes and meet international quality standards.
- Expand hatchery networks and broodstock development to ensure seed security.
- Sustainability:
- Commitment to reduce grid electricity dependence by 10% by 2030 through renewable energy integration.
- Continued support for farmers through digital advisory services and precision aquaculture.
Key Strengths
- Market Leadership: Holds nearly 50% market share in the Indian shrimp feed sector.
- Integrated Business Model: Full control over the value chain from hatchery to feed to processing and export.
- Strategic Partnership: Strong collaboration with Thai Union Group provides access to technical expertise and global markets.
- Financial Strength: A virtually debt-free balance sheet with strong cash reserves and consistent profitability.
- Farmer Relationships: Deep-rooted trust and network with over 20,000 farmers, supported by a robust distribution network.
- Quality Certifications: Manufacturing units are ISO, BAP, and HACCP certified, ensuring global quality standards.
- Cost Efficiency: Disciplined cost management and efficient raw material procurement (fish meal, soybean meal).
Key Challenges and Risks
- Market Concentration Risk: High dependence on the US market for shrimp exports makes the company vulnerable to tariff changes and regulatory shifts (e.g., anti-dumping duties, countervailing duties).
- Raw Material Price Volatility: Fluctuations in the prices of key inputs like fish meal and soybean meal can impact margins.
- Disease Outbreaks: The aquaculture sector is susceptible to disease outbreaks in shrimp farms, which can disrupt production and demand.
- Geopolitical and Trade Barriers: Global trade uncertainties, increasing ocean freight costs, and non-tariff barriers in importing countries pose operational risks.
- Climate Risks: Adverse climatic conditions can impact shrimp farming cycles and raw material availability.
- Currency Fluctuations: As a significant exporter, volatility in foreign exchange rates (USD/INR) impacts profitability.
Conclusion and Strategic Outlook
Avanti Feeds Limited has demonstrated remarkable resilience and strategic foresight in a challenging global environment. By maintaining its leadership in the shrimp feed market and aggressively expanding its processing capabilities, the company has solidified its foundation. The strategic pivot towards diversification into pet care and fish feed marks a significant evolution, reducing concentration risk and opening new revenue streams.
With a strong balance sheet, a debt-free status, and the backing of a global giant like Thai Union, Avanti Feeds is well-equipped to navigate future challenges. The company’s focus on sustainability, value addition, and market expansion positions it to capitalize on the long-term growth potential of the global protein and nutrition sector. As India aims for higher seafood exports, Avanti Feeds stands ready to play a pivotal role in this growth story, delivering enduring value to all its stakeholders.
Official Site: https://avantifeeds.com/
FAQ Section:
- What is the total revenue of Avanti Feeds Limited for FY 2024-25? Avanti Feeds reported a total consolidated revenue of ₹5,777.73 Crores for the fiscal year 2024-25.
- What is Avanti Feeds’ market share in the Indian shrimp feed sector? The company holds a dominant market position with nearly 50% market share in the Indian shrimp feed sector.
- Does Avanti Feeds have any international collaborations? Yes, Avanti Feeds has a long-standing technical and financial collaboration with Thai Union Group Public Company Limited, a global seafood leader.
- What are the new business segments Avanti Feeds has entered? The company has diversified into the pet care segment with the launch of “Avant Furst” brand and has also expanded into fish feed production for inland aquaculture.
- Who is the Chairman and Managing Director of Avanti Feeds? Dr. A. Indra Kumar serves as the Chairman and Managing Director of Avanti Feeds Limited.
- What is the production capacity of Avanti Feeds’ manufacturing units? The company has a total feed production capacity of 7,75,000 Metric Tonnes per annum and a shrimp processing capacity of 36,000 Metric Tonnes per annum.
- Which is the primary export market for Avanti Feeds? The United States of America (USA) is the primary export market for Avanti Feeds’ processed shrimp products.
- What are the key brands owned by Avanti Feeds? Key brands include Manamei, Titan, Profeed, Prostar, High Boost for shrimp feed, and Avant Furst for pet care.
Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.
