Apex Frozen Foods

What Apex Frozen Foods does

Apex Frozen Foods Limited is a publicly listed Indian company (NSE: APEX) that operates an integrated aquaculture value chain spanning hatchery, farming, pre-processing, processing, and export of processed shrimp. The company was founded in 1995 in Kakinada, Andhra Pradesh, and listed on the NSE in 2012. Its products — primarily processed Whiteleg shrimp (Litopenaeus vannamei) and Black Tiger shrimp (Penaeus monodon) — are sold in multiple ready-to-cook formats (Head On, Headless Shell-on, Easy Peel, Peeled Deveined, Butterfly, Skewered) under customer-owned brands as well as three proprietary brands (Bay Fresh, Bay Harvest, BayPremium).

The company's operations are anchored by a 9,240 MTPA processing facility at Kakinada on the Andhra Pradesh coast, supplemented by a 3,000 MTPA fee-for-processing arrangement with Royale Marine Impex at Bapatla. It cultivates 1,032 acres of shrimp ponds (105.78 acres owned, 926.22 acres leased) within 10–200 km of the Kakinada plant, supplying 15–20% of its own raw material needs. Quality control is supported by on-site labs at hatchery and farms and a battery of international certifications: BRC Food Grade, HACCP, ASC, Best Aquaculture Practices, Global Standard for Food Safety (SGS UK), US FDA compliance, and Export Inspection Council approval covering EU markets.

Apex runs a B2B export-only model: 100% of production is shipped to developed markets, with 53% of exports directed to the US and the remainder to the UK and EU. Named enterprise customers include Chicken of the Sea Frozen Foods, Ocean World Ventures LLC, and Pacific Sea Food Group. Pricing is negotiated contract by contract. For FY26, Apex reported revenue of Rs 931.14 crore (+14.45% YoY) and net profit of Rs 38.85 crore (+901.29% YoY), implying approximately $110M of revenue and confirming the company's positioning as a mid-scale, promoter-controlled (72.62% promoter holding) exporter leveraging Andhra Pradesh's coastal aquaculture ecosystem.

Name

Apex Frozen Foods

Legal name

Apex Frozen Foods Limited

Website

https://apexfrozenfoods.in

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Apex Frozen Foods is an integrated Indian producer and exporter of processed Vannamei and Black Tiger shrimp, selling B2B to food companies, retail chains, restaurants, and distributors across the US, UK, and EU from its Kakinada processing facility and Andhra Pradesh farms.

Ownership category

akta.pro rank

Product category

Frozen Shrimp and Aquaculture Products

NAICS

Seafood Product Preparation and Packaging (31171), Other Aquaculture (112519)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Frozen Meat, Poultry & Seafood Manufacturing (AFAKACAG)

Keywords

• Shrimp processing
• Aquaculture products
• Frozen seafood export
• Shrimp farming
• Ready-to-cook shrimp

Headquarters

HQ city

East Godavari

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Processed Seafood Export: The company processes and exports shrimp products (Vannamei and Black Tiger) to international markets. Revenue is generated through the sale of ready-to-cook processed aquaculture products sold under customer-owned brands as well as own brands (Bay fresh, Bay Harvest, BayPremium). The company exports 100% of its products to USA, UK and European countries.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Apex Frozen Foods is an integrated producer and exporter of shelf-stable quality aquaculture products, primarily frozen shrimp. The company cultivates Whiteleg (Vannamei) and Black Tiger shrimp in own and leased farms, processes them at facilities in Kakinada and Bapatla, Andhra Pradesh, and exports raw, ready-to-cook, and cooked frozen shrimp under owned brands Bay Fresh, Bay Harvest, and BayPremium to customers in the United States, United Kingdom, and continental Europe.

Product overview

Apex Frozen Foods is an integrated producer and exporter of shelf-stable quality aquaculture products, primarily processed Vannamei shrimp (White shrimp) and Black Tiger Shrimp. The company operates an integrated business model comprising hatchery, farming (1,032 acres of land in Andhra Pradesh), pre-processing, and processing (over 9,240 MTPA capacity at Kakinada facility plus 3,000 MTPA through Royale Marine Impex arrangement at Bapatla). Products are sold under customer-owned brands as well as proprietary brands Bay Fresh, Bay Harvest, and BayPremium to diversified customers including food companies, retail chains, restaurants, club stores and distributors across USA, UK and European countries. The company's own farming meets approximately 15-20% of raw material requirements, with the remainder sourced from associate farmers.

Differentiator

Problem solved

Functional benefit

Brands

• Bay Fresh: Brand under which the company sells its shrimp products
• Bay Harvest
• BayPremium

Products and services

• Whiteleg Shrimp (Vannamei) A range of frozen, ready-to-cook, and cooked Whiteleg (Vannamei) shrimp products processed at the Kakinada and Bapatla facilities in Andhra Pradesh for export to the United States, United Kingdom, and Continental Europe, supplied to importers, retail chains, and food service distributors.
• Black Tiger Shrimp Frozen, ready-to-cook, and cooked Black Tiger shrimp products cultivated in company-controlled aquaculture farms and processed for international export buyers.
• Bay Fresh Owned consumer brand under which Apex Frozen Foods markets its range of frozen, ready-to-cook, and cooked shrimp products for export markets.
• Bay Harvest Owned consumer brand under which Apex Frozen Foods markets its range of frozen, ready-to-cook, and cooked shrimp products for export markets.
• BayPremium Owned consumer brand under which Apex Frozen Foods markets its range of frozen, ready-to-cook, and cooked shrimp products for export markets.

Quantifiable outcome

• CAGR of 33.53% over last four years

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Royale Marine Impex Private LimitedcoreStrategic or Co-development PartnerBusiness arrangement for processing of shrimp at Bapatla facility. Royale Marine owns the processing plant while Apex Frozen Foods provides raw materials and pays for processing services. Currently allows pre-processing and processing capacity of 3,000 MTPA, supplementing the company's own 9,240 MTPA facility in Kakinada.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Devi Sea Foods: Indian integrated shrimp aquaculture and exporter with similar value chain (farming through to processed exports), competing head-to-head for US, EU and Japanese customers and serving comparable food-company and retail customers.
• Sandhya Marines: Listed Indian shrimp processor and exporter focused on Vannamei and Black Tiger shrimp for developed markets, with overlapping customer base in US/EU and similar reliance on Andhra Pradesh aquaculture.
• Avanti Feeds: Largest Indian shrimp feed manufacturer with backward integration into shrimp processing and exports; competes directly with Apex in aquaculture value chain and shares many of the same Indian shrimp-farming suppliers.
• Waterbase Limited: Indian aquaculture company producing shrimp feed and processed shrimp, with similar customer exposure to US/EU food companies and overlapping Andhra Pradesh operating base.

Broad incumbents

• Thai Union Group: Global seafood giant (owner of Chicken of the Sea) with massive shrimp processing capacity across Thailand and globally; a key Apex customer but also a competitor in supplying US retail and foodservice brands.
• Charoen Pokphand Foods (CPF): One of the world's largest aquaculture and processed seafood producers with vertically integrated shrimp operations, competing with Apex in US/EU private-label supply chains and global shrimp markets.
• Maruha Nichiro: Japanese diversified seafood major with significant shrimp sourcing and processing in South and South-East Asia, comparable to Apex as a global buyer and processor competing for the same US/EU retail shelf space.
• Nippon Suisan Kaisha (Nissui): Japanese global seafood company with shrimp processing and trading operations in Asia, overlapping with Apex in customer base and processed shrimp value proposition to US/EU/Japan markets.
• Trident Seafoods: US-based vertically integrated seafood company with retail and foodservice shrimp offerings, comparable as a competitor for the same US shelf and foodservice customers that Apex supplies.
• High Liner Foods: North American value-added frozen seafood processor and brand owner that sources from Asian aquaculture producers, including India; competes with Apex for retail/foodservice shrimp contracts and private-label supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/apex-frozen-foods

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors3 records

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 Apex Frozen Foods