What Ifb Agro Industries does

IFB Agro Industries Limited is a publicly listed Indian company (BSE: IFBAGRO) headquartered in Kolkata, West Bengal, operating two integrated divisions — Marine and Alcohol & Bottling. The Marine division runs the full aquaculture value chain: formulated fish and shrimp feeds under the Nutrafeed and Nutrashakti brands; feed supplements under Nutrisigma; pond-health products under Nutra-Essentials; a network of 23+ Aquashop retail outlets serving West Bengal farmers; EU-certified shrimp processing at Kolkata and Kalinagar; export of Black Tiger, Vannamei, and Freshwater Scampi to 20+ countries; and a direct-to-consumer frozen seafood line, IFB Fresh Catch, sold via ifbfreshcatch.com to retail and HoReCa customers. The Alcohol & Bottling division operates a zero-liquid-discharge grain distillery producing Extra Neutral Alcohol (ENA), Asia's first low-temperature fluidised-bed DDGS plant, a 37 MT/day FSSC 22000-certified food-grade CO2 facility (approved supplier to Coca-Cola and Pepsico), Polarice dry-ice manufacturing, dry-ice blasting services, and seven ISO 9001:2015 / ISO 14001 IML bottling plants across West Bengal.

Revenue is generated through transactional B2B sales of feed, supplements, ENA, DDGS, CO2, dry ice, and bottling services, plus international seafood exports and DTC retail. Distribution combines direct enterprise field sales for CO2 and marine exports, a regional retail Aquashop footprint for aquaculture inputs, an owned e-commerce storefront for Fresh Catch, and wholesale bottling. The customer base spans global food distributors (Japan, EU, USA, Middle East), beverage majors (Coca-Cola, Pepsico), Indian aquaculture farmers, and HoReCa buyers. Recent strategic moves are anchored by the June 2025 acquisition of Cargill India's commercial shrimp and freshwater fish feed business (adding plants at Vijayawada and Rajahmundry) and a May 2026 senior-management redesignation across finance, operations, aquaculture, and HR.

Name

Ifb Agro Industries

Legal name

IFB Agro Industries Limited

Website

https://ifbagro.in

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

251–500 employees

Short description

IFB Agro Industries is a publicly listed Indian company operating an integrated aquaculture value chain — Nutrafeed feeds, Nutra-Essentials pond health, Aquashop retail, EU-certified shrimp exports, and IFB Fresh Catch DTC seafood — alongside an alcohol & bottling division producing ENA, DDGS, food-grade CO2 for Coca-Cola and Pepsico, dry ice, and IML bottling across West Bengal.

Ownership category

akta.pro rank

Product category

Aquaculture Products and Seafood Processing

NAICS

Seafood Product Preparation and Packaging (31171), Seafood Product Preparation and Packaging (311710), Aquaculture (1125), Aquaculture (11251)

SIC

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

akta.pro primary industry

Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)

akta.pro secondary industries

Sustainable & Alternative-Protein Aquafeed (Insect, Algae, Single-Cell, Byproduct-Based) (AFADADAM), Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM), Chilled/Refrigerated Prepared Meat & Seafood Meals (AFANAFAD), Ready-to-Eat Seafood (Cooked Shrimp, Crab, Lobster, Surimi) (AFANALAC)

Keywords

• Aquaculture feed manufacturing
• Frozen seafood exports
• Extra neutral alcohol
• Food grade carbon dioxide
• Dry ice production

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Marine Exports: Export of premium value-added shrimp products (Black Tiger, Vannamei, Freshwater Scampi) to international markets including Japan, Korea, Vietnam, China, EU, USA, Canada, and Middle East. Products include HL, PD, PDTO, HO, EZ, Block, IQF, Semi IQF formats. Processing capacity of 4,000+ MT per year.
2. Aqua Feed Products: Sale of Nutrafeed formulated fish and shrimp feeds through Aquashop retail network and direct distribution. Products include starter, pre-grower, grower, and finisher feeds for different growth stages.
3. Feed Supplements: Sale of Nutrisigma nutrition boosters for fish, cattle, pig, poultry, and ruminants. Also includes DDGS (Distillers Dried Grains with Solubles) as animal feed supplement.
4. Extra Neutral Alcohol (ENA): Production and sale of grain-based Extra Neutral Alcohol from state-of-the-art distillery with zero liquid discharge. ENA is a key input for alcoholic beverage production.
5. IML Bottling: Bottling operations for alcoholic and non-alcoholic beverages at ISO certified plants across West Bengal. Brands include Captain, Cap Nimboo, Cap Orange, Hero, Dilse, Joy, Dil Deewana.
6. Food Grade CO2: Production and supply of food grade carbon dioxide to beverage industry. Approved supplier for global giants Coca-Cola and Pepsico. Includes cylinder filling and bulk supply via cryogenic transport.
7. Dry Ice Products: Manufacturing and sale of 99% pure dry ice in pellet (3mm and 16mm) and block (15kg) forms. Largest manufacturer in Eastern India. Applications include transit refrigeration, industrial cleaning, and entertainment.
8. IFB Fresh Catch Retail: Direct-to-consumer retail of processed frozen seafood products including Ready to Fry (Fish Fingers, Breaded Fish Fillets, Prawn Pops) and Ready to Cook (Prawns, Basa Fillets) through e-commerce platform and HoReCa sector.
9. Aqua Healthcare Products: Sale of Nutra-Essentials pond care and aquaculture health products including disinfectants, probiotics, gas removers, minerals, and immune boosters for shrimp and fish farming.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

IFB Agro Industries manufactures and sells aquaculture inputs (formulated feeds, feed supplements, pond healthcare products), processes and exports premium shrimp products globally, and operates a grain-based distillery producing Extra Neutral Alcohol (ENA), food-grade CO2, DDGS animal feed, dry ice, and IML bottling services. The company also retails processed frozen seafood under the IFB Fresh Catch brand and runs the Aquashop retail network providing one-stop-shop aquaculture solutions to farmers.

Product overview

IFB Agro Industries is a diversified Indian company operating two main divisions: Marine (aquaculture, exports, and retail) and Alcohol & Bottling. The Marine division encompasses the entire aquaculture value chain through Aquashop retail outlets offering seeds, Nutrafeed/Nutrashakti formulated feeds, Nutrisigma feed supplements, and Nutra-Essentials health care products; plus IFB Fresh Catch branded frozen seafood for retail and HoReCa. The Alcohol & Bottling division produces Extra Neutral Alcohol (ENA), DDGS animal feed, food grade Carbon Dioxide, Polarice Dry Ice and Dry Ice Blasting services, and operates ISO-certified bottling plants under the IML brand. The company completed acquisition of Cargill India's shrimp and fish feed business in June 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Nutrafeed: Advanced formulated feed brand for fish and shrimp with high quality protein and balanced amino acids
• Nutrisigma
• Nutrashakti
• IFB Fresh Catch
• IFB Newgen DDGS
• IFB Feedstar
• Nutra-Essentials
• Polarice
• Polarice Dry Ice

Products and services

• Marine Exports Premium value-added shrimp products including Black Tiger, Vannamei, and Freshwater Scampi exported to markets in Japan, Korea, Vietnam, China, EU, USA, Canada, Middle East, and over 20 countries. Products available in HL, PD, PDTO, HO, EZ, Block, IQF, and Semi IQF formats. Processing capacity of 4,000+ MT per year at the Kolkata plant.
• IFB Fresh Catch Retail brand for processed frozen seafood products including Ready to Fry items (Fish Fingers, Breaded Fish Fillets, Butterfly Shrimps, Prawn Pops) and Ready to Cook items (Prawns in various size grades, Basa Fillets). Sold through ifbfreshcatch.com e-commerce platform with home delivery and to HoReCa sector. Uses IQF technology at -18°C. FSSAI compliant.
• Nutrafeed (Aquaculture Feed) Advanced formulated aquaculture feed brand for fish and shrimp with high quality protein, balanced digestible amino acids, and modified fat for better nutrition and improved FCR. Range covers Nutrafeed Fish (multiple product lines P42+, P22+, F638S through S426J for different fish sizes), Nutrafeed Shrimp (Starter 1 through Finisher 7 for vannamei), and Nutrashakti (premium feed for carps with chelated minerals and added amino acids).
• Nutra-Essentials (Aqua Healthcare Products) Aquaculture healthcare product line including Water & Soil Probiotic, Noxious Gas Remover, Toxic Gas Remover, Zeolite + Probiotic, Pond Freshener, Special Combined Minerals, Gut Probiotic, Immunity Booster, Water Softener & Moult Inducer, Binder Gel, Yeast, BKC 80%, Iodine, Fish Pond Sanitizer, Fish Parasite Care, Cramp Care, and Oxygen Booster for shrimp and fish farming operations.
• Nutrisigma (Feed Supplements) pH balanced animal feed nutrition booster formulated with Bypass Protein, Bypass Fat, Chelated Minerals, Micro & Macro Elements, Enzymes, Prebiotics, and Probiotics. Range includes Nutrisigma Fish, Nutrisigma Cattle, Nutrisigma Pigs, Nutrisigma Poultry, and Nutrisigma Ruminants for improved milk yield, meat quality, FCR, fertility, and animal health.
• Extra Neutral Alcohol (ENA) Grain-based Extra Neutral Alcohol produced at state-of-the-art distillery with zero liquid discharge compliance and captive power plant generating 95% of electricity in-house. ENA is a key input for alcoholic beverage production.
• IFB Newgen DDGS Distillers Dried Grains with Solubles (DDGS) — protein-rich animal feed supplement for aquatic, poultry, and cattle applications. Asia's first DDGS plant with unique fluidised bed drying system. Low temperature drying (below 70°C) preserves nutritional values with Acid Detergent Insoluble Nitrogen (ADIN) of 0.7%.
• Food Grade Carbon Dioxide Food grade CO2 produced at FSSC 22000 certified facility (supplied by Wittemann, USA) with installed production capacity of 37 MT per day. Approved supplier for global beverage giants Coca-Cola and Pepsico. Includes cylinder filling and bulk supply via cryogenic transport.
• Polarice Dry Ice Largest manufacturer of 99% pure dry ice in Eastern India producing PolarIce pellets (3mm and 16mm) and PolarIce blocks (15kg). Applications include transit refrigeration of vaccines, medicines, food processing, and industrial uses. Sold to hotels, air caterers, pharmaceutical industry, couriers, and ice-cream parlours.
• Dry Ice Blasting Service Industrial dry ice and dustless blasting service for cleaning equipment in automotive, aeronautical, fire damage, petrochemical, power generation, and health & hygiene sectors.
• IML (In-Mould Labeling) Bottling ISO 9001:2015 and ISO 14001:2004 certified bottling plants across 7 locations in West Bengal (Panagarh, Bardhaman, Hooghly, Kolkata, Murshidabad, North Bengal, Purulia, South 24 Parganas). Produces beverages under brands including Captain, Cap Nimboo, Cap Orange, Hero, Dilse, Joy, and Dil Deewana.

Quantifiable outcome

• 4,000+ MT processing capacity per year at Kolkata plant
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

One partnership is on record.

• Cargill IndiacoreStrategic or Co-development Partner · 1 June 2025IFB Agro Industries acquired the entire commercial shrimp and freshwater fish feed business of Cargill India in June 2025, including manufacturing facilities at Vijayawada and Rajahmundry in Andhra Pradesh. This strategic acquisition strengthened IFB Agro's aquaculture feed portfolio and expanded its manufacturing footprint in India's key aquaculture region.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Others

• Marico: Indian FMCG company with selective presence in food and edible oils. Indirectly comparable to IFB Agro as a publicly listed Indian consumer/food business, though operating in a different category.

Direct peers

• Devi Seafoods: Indian shrimp processor and exporter specializing in value-added products for the US, EU, and Japanese markets. Directly comparable to IFB Agro's marine exports division in product formats and customer geographies.
• Avanti Feeds: India's largest shrimp feed manufacturer and a major shrimp exporter. Directly comparable to IFB Agro's Nutrafeed business and marine exports division, with overlapping customer base among Indian aquaculture farmers.
• Falcon Marine Exports: Major Indian shrimp exporter with processing capacity and presence in EU/US/Japan markets. Closely comparable to IFB Agro's marine exports business in product mix and scale tier.
• Apex Frozen Foods: Indian processor and exporter of frozen shrimp and seafood products. Comparable to IFB Agro's marine exports and IFB Fresh Catch divisions in scale, product mix, and customer geographies.
• Waterbase: Indian aquaculture feed manufacturer producing shrimp and fish feeds. Closely comparable to IFB Agro's Nutrafeed brand and competes in the same domestic aquafeed market.

Broad incumbents

• Thai Union Group: World's largest canned tuna and seafood company, with shrimp and feed operations. A relevant incumbent showing the scale and global footprint IFB Agro's marine exports could aspire to.
• Godrej Agrovet: Diversified Indian agribusiness with significant aquaculture feed operations alongside crop protection, dairy, and processed foods. Comparable as a broader incumbent that overlaps with IFB Agro in aquafeed and agri-inputs.
• Charoen Pokphand Foods: Global integrated aquaculture and food conglomerate producing feed, farmed shrimp, and processed seafood. Comparable end-to-end vertical integration with IFB Agro's aquaculture value chain.
• Cargill India: Multinational agribusiness whose Indian shrimp/fish feed business was acquired by IFB Agro in June 2025. The parent remains a competitor in broader feed and food ingredients, and its global scale dwarfs IFB Agro.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Ifb Agro Industries