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Avanti FeedsBSE 0.70 % is neither a flamboyant startup nor a finance company. But the valuation of the little known Andhra company making shrimp feeds has surged from $2 million to $2 billion in the less than a decade.
In the 90s when aqua farming picked up in India, many big farmers and leading corporate groups including HULBSE -0.14 %, Tatas and Thapars were drawn to the business.
Till then the family of Alluri Indra Kumar, the promoter and man behind AvantiBSE 0.70 %, was making protein supplements. The idea of making protein feeds for shrimps captured the imagination of Kumar who was then in his twenties.
Avanti’s fortunes are tied with the export of shrimps from India which has emerged as the largest supplier to the US and Europe. Since 2009, shrimp exports have grown 2,530 per cent -India’s export grew from 75,000 tonnes to over 4 lakh tonnes now.
AMONG MANY ACTIVITIES BRSI CONDUCT ANNUAL CONFERENCE ON THE RECENT HOT AND EMERGING TOPICS OF BIOTECHNOLOGY THUS FACILITATE DIRECT FLOW OF INFORMATION BETWEEN GLOBAL ACADEMIES AND INDUSTRIES.
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