Zeal Aqua
Zeal Aqua is a vertically integrated Indian aquaculture company that farms, processes, and exports shrimp and fish products to 20+ countries, serving international seafood buyers and domestic distributors from its Surat, Gujarat headquarters.
- Company typePublic
- Founded2009
- HeadquartersSurat, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Zeal Aqua does
Zeal Aqua Limited is a Surat, Gujarat-based vertically integrated aquaculture company specializing in shrimp farming, processing, and export, founded in 2009 and listed on the Bombay Stock Exchange since 2015 (BSE: 539963). The company operates across three divisions: a Farms division combining own production with a satellite farming program supporting 500+ smallholder farmers across Gujarat; a state-of-the-art Processing Unit established in 2017 with annual capacity of 3,000+ metric tons using Blast Freezing, Plate Freezing, IQF, and Brine Freezer technologies; and a Domestic Channel distributing export-quality shrimp and fish products through agents and distributors at below-market prices.
The product portfolio spans shrimp in multiple processed forms (Head ON, Head Less, Peeled and Deveined, Easy Peel, Peeled and Deveined Tail ON) plus fish fillets (Tilapia, Basa/Pangasius) introduced in 2022, with a full farm-to-fork digital traceability system. Zeal Aqua claims the distinction of being the only shrimp exporter holding Aquaculture Stewardship Council (ASC) certification. Farming operations employ Bio-Security protocols, Auto Feeder systems, and Aeration systems, and the processing facility is strategically located near farm sites to preserve freshness.
Revenue is generated through B2B transactions—direct international exports to 20+ countries via a dedicated 10-person export department, supplemented by domestic distribution through agents and distributors. The promoter/founder-controlled public company is led by Chairman and Managing Director Pradipkumar Ratilal Navik, with the Navik and Patel promoter families controlling the board alongside four independent directors. For FY 2025-26, Zeal Aqua reported revenue of Rs 511.32 crore (~$61M USD) with net profit of Rs 10.06 crore, reflecting flat top-line performance and thin margins typical of commodity aquaculture.
Zeal Aqua firmographics
Firmographics- Name
- Zeal Aqua
- Legal name
- Zeal Aqua Limited
- Website
- https://zealaqua.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Zeal Aqua is a vertically integrated Indian aquaculture company that farms, processes, and exports shrimp and fish products to 20+ countries, serving international seafood buyers and domestic distributors from its Surat, Gujarat headquarters.
- Ownership category
- akta.pro rank
Zeal Aqua industry classification
Industry- Product category
- Aquaculture and Seafood Processing
- NAICS
- Other Aquaculture (112519), Finfish Farming and Fish Hatcheries (112511)
- SIC
- Prepared Fresh Or Frozen Fish & Seafoods (2092), Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Aquaculture Processing & On-Farm Value-Add (primary handling, icing, packing) (AFAEAAAN)
- akta.pro secondary industry
- Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM)
Keywords
Where Zeal Aqua is headquartered
LocationHeadquarters
- HQ city
- Surat
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Zeal Aqua business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Shrimp Production and Trading: Revenue from aquaculture shrimp farming and trading of seed, feed, and medicines. The company operates own farms and satellite farms, processing shrimp through state-of-the-art facilities.
- Shrimp Processing and Value-Added Products: Processing shrimp into various forms including Head ON, Head Less, Peeled and Deveined, Peeled and Deveined Tail ON, Easy Peel, and fish fillets. Products include frozen shrimp using IQF, Blast Freezing, and Plate Freezing technologies.
- Domestic Sales: Sales to domestic market through agents and distributors, offering export-quality shrimp at lower prices than market rate.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
Zeal Aqua product offering
Product offeringCore offering
Zeal Aqua is a vertically integrated aquaculture company that farms, processes, and exports premium-quality shrimp and fish products. The company operates its own shrimp farms, runs a network of 500+ satellite farmers across Gujarat, and processes the catch at a state-of-the-art facility using IQF, Blast Freezing, Plate Freezing, and Brine Freezing technologies. Products are sold in forms such as Head ON, Head Less, Peeled and Deveined, Easy Peel, and Peeled and Deveined Tail ON, with full traceability from farm to fork.
Product overview
Zeal Aqua is an aquaculture company with vertically integrated operations spanning shrimp farming and fish cultivation. The company operates through three main divisions: Farms (satellite farming program with 500+ farmer network and own farms producing 1500+ MT annually), Processing Unit (state-of-the-art facility with Blast Freezing, Plate Freezing, IQF, and Brine Freezing capabilities producing 3000+ MT annually), and Domestic Channel (providing export-quality shrimp and fish products to domestic customers). The product portfolio includes shrimp in various forms (Head ON, Head Less, Peeled and Deveined, Easy Peel, Peeled and Deveined Tail ON) and fish products (Tilapia, Basa/Pangasius). The company also began producing quality fish fillets in 2022.
Differentiator
Problem solved
Functional benefit
Products and services
- Processed Shrimp Products
- Fish Products (Tilapia and Basa/Pangasius)
- Satellite Farming Program
- Domestic Distribution Channel
Quantifiable outcome
- Production capacity of 3000+ MT per annum from processing unit and 1500+ MT from own farms
- +3 more outcomes
Companies that use Zeal Aqua
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Zeal Aqua technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Zeal Aqua partnerships and signals
Strategic signalScale indicators9 records
Recent moves9 records
Expansion highlights5 records
Zeal Aqua competitors and assessment
Company assessmentDirect peers
- Avanti Feeds: Dominant Indian aquaculture feed manufacturer and major shrimp processor/exporter; listed on NSE/BSE. Comparable to Zeal Aqua across the shrimp value chain, with a much larger feed business and significant shrimp processing footprint.
- Apex Frozen Foods: Indian BSE/NSE-listed integrated shrimp aquaculture and exporter, headquartered in Andhra Pradesh. Closely comparable in product mix (Vannamei shrimp) and business model (farm + processing + export) to Zeal Aqua.
- Coastal Corporation Limited: Indian seafood processor and exporter with shrimp and other seafood products, listed on BSE. Direct competitor in Indian shrimp exports and value-added processing.
- Sandhya Marines: Indian shrimp aquaculture and processing company exporting to global markets, listed on BSE. Comparable in Vannamei farming, value-added processing and international export focus.
- Devi Fisheries: Indian integrated seafood (primarily shrimp) farming and processing company with significant export volumes. Closely comparable to Zeal Aqua's vertically integrated shrimp model and export-oriented GTM.
- Waterbase Limited: Indian aquaculture company operating in shrimp feed and processing. Listed on BSE; comparable shrimp value-chain participant, though historically feed-heavy.
- Uniroyal Marine Exports: Indian seafood (predominantly shrimp) exporter with BSE listing. Comparable mid-sized competitor in Indian frozen shrimp exports to EU, US and Asian markets.
Broad incumbents
- Charoen Pokphand Foods (CP Foods): Thailand-based global aquaculture and food conglomerate with significant shrimp farming, feed and processing operations. Broad incumbent competitor in international shrimp markets.
- Mowi ASA: Norwegian-listed global aquaculture leader, primarily Atlantic salmon but increasingly diversified into other species. Relevant as a large, publicly-listed aquaculture incumbent with sustainability certification programs.
- Thai Union Group: Global seafood giant (Chicken of the Sea, King Oscar brands) and the world's largest canned tuna processor. Relevant as a large incumbent in frozen shrimp and value-added seafood that competes with Indian exporters in EU/US retail.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Zeal Aqua social profiles
Digital presenceZeal Aqua compliance and trust
Trust signalCompliance2 records
Zeal Aqua financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zeal Aqua leadership team
Management profileNumber of profiles
Profiles10 records
Zeal Aqua funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zeal Aqua M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zeal Aqua
What does Zeal Aqua do?
Zeal Aqua is a vertically integrated aquaculture company that farms, processes, and exports premium-quality shrimp and fish products. The company operates its own shrimp farms, runs a network of 500+ satellite farmers across Gujarat, and processes the catch at a state-of-the-art facility using IQF, Blast Freezing, Plate Freezing, and Brine Freezing technologies. Products are sold in forms such as Head ON, Head Less, Peeled and Deveined, Easy Peel, and Peeled and Deveined Tail ON, with full traceability from farm to fork.
Is Zeal Aqua a public or private company?
Zeal Aqua is a public company. It is classified as public and is currently operating.
When was Zeal Aqua founded?
Zeal Aqua was founded in 2009. It employs 101 to 250 people.
Where is Zeal Aqua based?
Zeal Aqua is headquartered in Surat, India, in the Asia region.
How does Zeal Aqua make money?
Three revenue lines are on record. Shrimp Production and Trading is the primary driver. The others are shrimp Processing and Value-Added Products and domestic Sales.
Who are Zeal Aqua's main competitors?
Direct peers on record are Avanti Feeds, Apex Frozen Foods, Coastal Corporation Limited, Sandhya Marines, Devi Fisheries, Waterbase Limited and Uniroyal Marine Exports. Broad incumbents are Charoen Pokphand Foods (CP Foods), Mowi ASA and Thai Union Group.
Does Zeal Aqua have an API?
No public API is recorded for Zeal Aqua.
What industry is Zeal Aqua in?
Zeal Aqua's product category is Aquaculture and Seafood Processing. Its primary akta.pro industry code is AFAEAAAN, Aquaculture Processing & On-Farm Value-Add (primary handling, icing, packing), with a secondary code of AFAEAAAM, Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting). Its NAICS code is 112519 and its SIC code is 2092.