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Devi Sea Foods Limited (India)

Main Activities: Seafood Product Preparation and Packaging
Full name: Devi Sea Foods Limited Profile Updated: March 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Devi Sea Foods Ltd. is a leading supplier of shrimp from India to large reputed customers in the food service and retail industries. With over 25 years of experience in shrimp processing and export, the company has established itself as a key player in the market. Devi Sea Foods is based in the state of Andhra Pradesh, specifically located around major shrimp farming centers. The company specializes in farm-raised Black Tiger and White shrimp. Devi Sea Foods has developed a fully integrated supply chain network, which includes shrimp processing plants, farms, feed mills, and a hatchery. In addition, the company has set up a Marketing and Distribution subsidiary in the USA to bring them closer to their customers. The company's operations are divided into three core verticals. The primary vertical is shrimp processing and export, which forms the backbone of its supply chain. The second core activity is the shrimp feed division, which produces and supplies quality feed, giving the company better control over its supply chain. The third core vertical is its wholly owned subsidiary, Devi Sea Foods Inc., which has been instrumental in the company's growth. Devi Sea Foods Ltd. is led by Mr. Brahmanandanam Portu, the Chairman and Managing Director, who is a first-generation entrepreneur and a recognized figure in the industry. The company has a strong management team with significant industry experience, positioning them well for future growth opportunities. Devi Sea Foods Limited was incorporated on March 26, 1992, and is classified as a non-government company. It is registered at the Registrar of Companies in Vijayawada. The company's authorized share capital is Rs. 180,000,000, and its paid-up capital is Rs. 120,000,000. Devi Sea Foods Limited is involved in the production, processing, and preservation of meat, fish, fruits, vegetables, oils, and fats. The company's Annual General Meeting (AGM) was last held on an unspecified date, and its balance sheet was last filed on March 31, 2021, according to records from the Ministry of Corporate Affairs (MCA). The directors of Devi Sea Foods Limited include Mallikarjunudu Jasti, Anthony John Kuttikat, Brahmanandam Potru, Rama Devi Potru, Pramod Ranjan, Sambasiva Rao Gadde, Suryavathi Potru, Naveena Nekkanti, and Trinath Gampa. Devi Sea Foods Limited's Corporate Identification Number is U15122AP1992PLC094924, and its registration number is 94924. The company's email address is secretarial@deviseafoods.com, and its registered address is 50-1-51/1, A.S.R. Nagar Seethammadhara Vishakhapatnam, Andhra Pradesh 530013, India. The current status of Devi Sea Foods Limited is active.

Headquarters
50-1-51/1 A.S.R.Nagar Seethammadhara Visakhapatnam In-Ap In 530013
Visakhapatnam; Andhra Pradesh; Postal Code: 530013

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 26, 1992
Key Executives
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Independent Director
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Independent Director
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Independent Director
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Whole Time Director
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Whole Time Director
Ownership Details
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46.01%
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23.2%
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23.16%
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4.53%
Subsidiaries
Devi Sea Foods Inc
100%
Maximus Arc Limited
24.41%
Company Performance
Financial values in the chart are available after Devi Sea Foods Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
1.6%
Total operating revenue
1.55%
Operating profit (EBIT)
2.02%
EBITDA
4.5%
Net Profit (Loss) for the Period
3.48%
Total assets
10.25%
Total equity
21.05%
Operating Profit Margin (ROS)
0.05%
Net Profit Margin
0.18%
Return on Equity (ROE)
-2.71%
Debt to Equity Ratio
-9.11%
Quick Ratio
2.31%
Cash Ratio
0.16%

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