Avanti Feeds, one of the largest shrimp and fish feed producers in India, is preparing to put its new 85,000 tonnes a year feed mill in Andhra Pradesh into operation.
"Improving industry dynamics and growing Indian consumption have given confidence to Indian farmers, which has also boosted our feeds business," said Managing Director Indra Kumar.
Avanti Feeds has been operating two feed mills in Gujarat and Andhra Pradesh with a total production capacity of 140,000 tonnes/year which is close to 60% of India's total capacity.
The company's sales graph has been on an upward trajectory, which hit . 640 crore in 2012-13 from the earlier . 90 crore in 2009-10 . In the first nine months of FY14, the company has registered a growth clip of 74% in its revenues and 134% in profit after tax.
Incorporated in Jan.'93 as a private limited company, Avanti Feeds Ltd (AFL) was converted into a public limited company in Oct.'93 and the name of the company was changed to AFL. The company was promoted by A V Rao and others. AFL went public in May '94 to part-finance the project of setting up a 100% EOU to manufacture 10,000 tpa of shrimp feed at Kovvur (West Godavari Dist), Andhra Pradesh.
AFL entered into a technical collaboration with one of the leading shrimp feed manufacturers, Pingtai Enterprises Co, Taiwan. The plant was set up to produce scientifically formulated and nutritionally balanced water-stable international-quality shrimp feed in India.
The company imported one complete set of shrimp feed processing equipment from IDAH Machinery, a Taiwanese aquafeed machinery manufacturer. The project has been successfully implemented almost in time and commercial production commenced from Nov.'94. In 1998-99, it increased the installed capacity of feed plant to 20,000 MT and shrimp shell meal manufacturing unit and pre-processing unit at Eathakota, East Godavari Dist has also been completed.
In 1999-2000, the backward integration projects of wheat flour plant and shrimp shell manufacturing plant have been successfully completed and started commercial production. The company had set up a Shrimp Feed Manufacturing Plant with a production capacity of 10,000 MT P.A and the commercial production started from Mid of June,2001.
Modernisation and Upgrade of Shrimp Processing was taken up at Ravulapalem. The company has entered into a technical and marketing collaboration agreement with M/s Thai Union Feed Mill Co. Limited, Thailand.