Mukka Proteins

What Mukka Proteins does

Mukka Proteins Limited (NSE: MUKKA, BSE: 544135) is India's largest fish meal and fish oil producer, manufacturing and exporting high-protein marine ingredients for the global aquaculture, animal feed, and pet food industries. Founded in 1977 by K. Abdul Razak and incorporated in its current form in 2003, the company operates a vertically integrated production footprint spanning Karnataka, Gujarat, Maharashtra, and Odisha in India, plus manufacturing and distribution entities in Oman. Its core portfolio comprises Fish Meal (60-65% protein in Prime/Standard/FAQ grades), Crude Fish Oil (EPA 14-18%, DHA 6-9%), and Fish Soluble Paste (40% protein minimum), produced via India's first steam-sterilised fishmeal plant and supported by advanced centrifugation and evaporation systems. The company has expanded into Black Soldier Fly (BSF) insect protein—BSF Meal, BSF Oil, BSF Frass, and Humic Acid—through the Ento Proteins acquisition, making it the operator of India's largest BSF facility at any municipal solid waste management site.

Mukka operates a direct B2B enterprise sales model, exporting to international aquaculture feed companies and animal nutrition firms under globally recognised certifications (EU, AQSIQ, GMP+, Halal, HACCP, ISO 9001:2015, ISO 22000:2018, IFFO, MarinTrust Improver Programme). Revenue mechanics are primarily transactional product sales with recurring customer relationships; pricing is quote-based and not publicly disclosed. Distribution channels include direct field sales for export customers, government/municipal contracts for waste management (notably the Rs 474.89 crore BSWML legacy leachate contract and wet waste processing at Rs 1.60/kg), and frozen seafood distribution through the Ocean Proteins subsidiary. The company also participates in industry events (IFFO Conference, Vietstock) and maintains dedicated investor relations functions as a publicly listed entity since its February 2024 IPO.

In FY2025-26, Mukka reported consolidated revenue of Rs 1,403.52 crore (up 43.21% YoY) and consolidated net profit of Rs 52.06 crore, with Q4 operating margin expanding to 9.20% from 7.81% year-ago. The company has pursued aggressive inorganic growth since IPO, completing multiple acquisitions (GSM Marine Export, FABBCO Bio Cycle, Mukka Frozen Impex, Haris Marine Products, United Gulf Fishery Products LLC, and Ento Proteins) to consolidate the marine protein, frozen seafood, and alternative protein verticals. Founding family members K. Mohammed Haris (MD & CEO), K. Mohammed Althaf (CFO), and K. Mohammad Arif (COO) lead operations, with non-executive independent directors providing banking and finance oversight. The business is now diversifying beyond commodity fishmeal into B2B urban waste management services and Verra-registered carbon credit projects, signalling a broader circular economy strategy.

Name

Mukka Proteins

Legal name

Mukka Proteins Limited

Website

https://mukkaproteins.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Mukka Proteins Limited is India's largest fish meal and fish oil producer, manufacturing marine protein ingredients, Black Soldier Fly insect protein, and frozen seafood for global aquaculture feed, animal nutrition, and municipal waste management customers.

Ownership category

akta.pro rank

Product category

Marine Protein Ingredients

NAICS

Seafood Product Preparation and Packaging (3117), Animal Food Manufacturing (31111), Other Animal Food Manufacturing (311119), Animal Food Manufacturing (3111)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Food And Kindred Products (2000), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Marine & Aquatic Protein Ingredients (Fish Protein, Shellfish Protein, Fish Collagen) (AFAJAHAD)

akta.pro secondary industries

Insect Protein Ingredients (Cricket, Black Soldier Fly, Mealworm) (AFAJAHAG), Proteins & Functional Nutrition Ingredients (Plant/Animal Proteins, Collagen, Amino Acids) (CRADAOAJ), Insect-Based Protein Foods Manufacturing (AFAKAGAJ), Alternative Protein & Sustainable Pet Food (insect/plant/cell-based) (CRADAFAI), Animal-Derived Protein Ingredients (Egg, Collagen/Gelatin, Blood/Plasma Proteins) (AFAJAHAB)

Keywords

• Fish meal production
• Marine protein ingredients
• Aquaculture feed supply
• Insect protein solutions
• Frozen seafood export

Headquarters

HQ city

Mangalore

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Fish Meal, Fish Oil, and Fish Soluble Paste Sales: Core revenue from manufacturing and exporting Fish Meal (Super Grade, Prime Grade, Standard Grade, FAQ Grade), Crude Fish Oil, and Fish Soluble Paste to global aquaculture, animal feed, and pet food industries. Revenue streams are transactional/product-based with recurring customer relationships.
2. Urban Waste Management Services: Revenue from animal waste collection and processing under partnership with Bengaluru Solid Waste Management Ltd (BSWML), converting waste into manure, energy, and industrial products at Rs 1.60 per kg. Includes scientific treatment of legacy leachate contracts.
3. Frozen Surimi and Seafood: Revenue from frozen seafood products through Ocean Proteins and related subsidiaries, serving domestic and export markets.
4. BSF Insect Protein Products: Sales of Black Soldier Fly derived products including insect meal, insect oil, frass, and humic acid for animal feed, agriculture, and soil enhancement applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Mukka Proteins Limited manufactures and exports marine protein ingredients — Fish Meal (60–65% protein), Crude Fish Oil (omega-3 EPA 14–18%, DHA 6–9%), and Fish Soluble Paste (40% protein minimum) — produced from Indian Oil Sardine and Indian Mackerel using steam-sterilised processing technology. The company also produces alternative insect protein products (BSF Meal, BSF Oil, BSF Frass, Humic Acid) using Black Soldier Fly technology, and frozen surimi and seafood through its Ocean Proteins subsidiary.

Product overview

Mukka Proteins Limited is a B2B manufacturer and exporter of marine protein products and alternative protein solutions. The portfolio includes three core fish protein products (Fish Meal, Fish Oil, Fish Soluble Paste) derived from sardines and mackerel sourced from Arabian Sea waters, four insect protein and agricultural products (BSF Meal, BSF Oil, BSF Frass, Humic Acid) produced through Black Soldier Fly technology for sustainable alternative protein and waste-to-value operations, and frozen seafood through the Ocean Proteins subsidiary. The company operates as a unified product portfolio serving animal nutrition, aquaculture feed, agriculture, and frozen seafood markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Fish Meal High-quality brown powder produced by cooking, pressing, and drying whole fish (primarily Indian Oil Sardine and Indian Mackerel). Available in Prime Grade (65% protein min), Standard Grade (62–63% protein min), and FAQ Grade (60% protein min). Used as a protein feed ingredient in aquaculture and animal feed.
• Fish Oil Crude fish oil extracted as a by-product during fishmeal production, rich in omega-3 fatty acids (EPA 14–18%, DHA 6–9%). Used in aquaculture, poultry feed, pharmaceuticals, paint and lubricant manufacturing.
• Fish Soluble Paste Semi-viscous brown by-product from fishmeal production, rich in dissolved proteins (40% protein minimum), amino acids, and water-soluble vitamins. Used as a partial fishmeal substitute in aquaculture feed and as a nutrient-rich agricultural fertilizer.
• BSF Meal (Black Soldier Fly Meal) Premium sustainable insect protein derived from Black Soldier Fly larvae (Hermetia illucens), containing 55.57% protein, rich in amino acids and lauric acid. Alternative to conventional fishmeal and soy protein in animal feed.
• BSF Oil (Black Soldier Fly Oil) High-quality insect oil from Black Soldier Fly larvae, rich in lauric acid (~40%), providing antimicrobial properties. Sustainable alternative to fish oil in aquaculture and animal feed with lower environmental footprint.
• BSF Frass Nutrient-rich soil enhancer derived from Black Soldier Fly larvae frass, composed of larvae waste, shed exoskeletons, and decomposed feed ingredients. Used for agriculture, horticulture, and home gardening to improve soil fertility.
• Humic Acid Naturally derived soil conditioner from Ento Proteins, containing 12–14% humic acid and 3–5% fulvic acid. Improves soil structure, increases microbial activity, enhances nutrient uptake, and serves as a chelating agent for plant nutrients.
• Frozen Surimi and Seafood Frozen seafood products manufactured and exported through the Ocean Proteins subsidiary, serving domestic Indian and international markets.

Quantifiable outcome

• Full year FY 2025-26 revenue of Rs 1,403.52 crore, up 43.21% year-over-year
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Bengaluru Solid Waste Management Limited (BSWML)coreStrategic or Co-development Partner · 30 April 2026Bengaluru Solid Waste Management Ltd (BSWML), a municipal waste management company under Bruhat Bengaluru Mahanagara Palike (BBMP), partnered with Mukka Proteins to launch a formal end-to-end animal waste collection system in Bengaluru. The system collects over 250 tonnes of daily animal waste from meat and fish shops across the city, processing it at rendering or biogas plants and converting it into manure, energy, and industrial products at Rs 1.60 per kg to vendors. Initially operating under Bengaluru North City Corporation with plans to expand citywide.
• MarinTrust (formerly IFFO RS)coreStrategic or Co-development Partner · 23 February 2026Mukka Proteins Limited was accepted into the MarinTrust Improver Programme, a globally recognised certification programme for responsible marine ingredient sourcing. This acceptance reflects the company's commitment to sustainable marine protein production and provides market differentiation for global customers seeking responsibly sourced ingredients.
• Ento Proteins Private LimitedcoreOthers · 23 February 2026Mukka Proteins Limited completed the acquisition of Ento Proteins Private Limited on February 23, 2026. Ento Proteins is a BSF (Black Soldier Fly) insect protein company focused on converting organic waste into high-value insect meal and oil for animal feed. The Mangaluru BSF facility is the largest at any municipal solid waste management site in India.
• FABBCO Bio Cycle and Bio Protein Technology Private LimitedcoreOthers · 1 January 2025Mukka Proteins acquired FABBCO Bio Cycle and Bio Protein Technology Private Limited to strengthen its alternative protein portfolio and expand into new cities with BSF technology operations.
• GSM Marine ExportcoreOthers · 1 January 2025Mukka Proteins acquired GSM Marine Export to strengthen its core fish meal and marine protein business through strategic vertical integration.
• Haris Marine Products Private LimitedcoreOthers · 1 January 2025Mukka Proteins acquired Haris Marine Products Private Limited as part of its consolidation and expansion strategy in the marine protein sector.
• United Gulf Fishery Products LLCcoreOthers · 1 January 2025Mukka Proteins acquired United Gulf Fishery Products LLC, an overseas subsidiary in the Gulf region, expanding its geographic footprint in the Middle East market.
• Ocean Proteins Private LimitedcoreOthers · 1 January 2025Mukka Proteins invested in and consolidated its stake in Ocean Proteins Private Limited, entering the frozen seafood segment. The company increased its holding from 40% to 51% in December 2025.
• Mukka Frozen ImpexcoreOthers · 1 January 2025Mukka Proteins acquired Mukka Frozen Impex to expand its presence in the frozen seafood processing and export market.
• MPL HRC Jathin Ecosolutions LLPminorOthers · 1 January 2025Mukka Proteins established MPL HRC Jathin Ecosolutions LLP as a joint venture entity for ecosystem solutions and waste management operations.
• Mukka Proteins Vietnam Co., LtdminorOthers · 1 January 2025Mukka Proteins pursued acquisition of Mukka Proteins Vietnam Co., Ltd to establish a manufacturing and market presence in Vietnam.
• IFFO – The Marine Ingredients OrganisationcoreStrategic or Co-development Partner · 21 October 2024Mukka Proteins is an IFFO member and actively participates in IFFO conferences and events, including the IFFO Conference 2024 held in Lisbon, Portugal (October 2024). As a producer member of IFFO, the company aligns with global standards for responsible marine ingredient production.
• Karnataka State Fisheries Improvement Project (FIP) – Small Pelagic Purse Seine FisheriesminorStrategic or Co-development Partner · 1 January 2024Mukka Proteins is a member company of the Karnataka State Fisheries Improvement Project (FIP) – Small Pelagic Purse Seine Fisheries, participating alongside Yashaswi Fish Meal and Oil Company, Akash Fish Meal and Fish Oil Company, Raj Fish Meal and Oil Company, Janatha Fish Meal and Oil Company, and Blue Lines Foods (India). The project focuses on sustainable fisheries, responsible fishing practices, seafood traceability, and strengthening India's seafood supply chain through awareness programmes on conservation and ethical fishing.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sarma Fish Meal and Oil Company: Direct domestic competitor producing fish meal and fish oil in India. Member of the same Karnataka State Fisheries Improvement Project, addressing identical aquaculture feed customers with overlapping marine protein products.
• Avanti Feeds Limited: India's largest shrimp feed manufacturer and a key customer of Mukka's fish meal. Operates in adjacent aquaculture feed value chain with vertical integration potential, making it both a major buyer and a natural comparable for end-market exposure.
• Biomega Group: Norwegian marine protein ingredients producer specializing in fish protein hydrolysates and soluble fish paste. Highly comparable to Mukka's Fish Soluble Paste and protein concentrate product lines for aquaculture feed applications.

Broad incumbents

• Pioneer Group (TripleNine): One of the world's largest fish meal and fish oil producers based in Denmark. A broad incumbent with similar product portfolio serving global aquaculture feed markets at materially larger scale than Mukka.
• Pelagia (Pelagia AS): Major Norwegian fish meal, fish oil, and marine protein producer serving European aquaculture markets. Comparable in product mix and customer base (aquaculture feed manufacturers) at significantly larger scale.
• TASA (Tecnológica de Alimentos S.A.): Peruvian fishing and fish meal conglomerate and one of the world's largest fish meal producers. Direct comparable in core product categories though geographically concentrated in South America.
• Aker BioMarine: Norwegian krill meal and oil producer with focus on premium omega-3 (EPA/DHA) ingredients. Comparable in marine protein ingredient production for aquafeed and nutraceutical markets, though targeting a higher-value niche.

Emerging players

• InnovaFeed: French insect protein producer using Black Soldier Fly technology for aquafeed and pet food applications. Directly comparable to Mukka's BSF (Ento Proteins) business in alternative protein ingredients, with established commercial scale in Europe.
• Protix: Dutch Black Soldier Fly protein producer for animal feed and pet food. Comparable to Mukka's BSF Meal, BSF Oil, and frass products, focused on circular economy and waste-to-value model.
• Ÿnsect: French insect protein company producing mealworm-based ingredients for animal feed, pet food, and aquaculture. Comparable alternative protein technology stack with Mukka's BSF products, though using a different insect species.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mukka_proteins
• Facebookfacebook.com/mukkaproteinsltd
• LinkedInlinkedin.com/company/mukka-proteins-limited
• Instagraminstagram.com/mukka_proteins

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mukka Proteins