Devi Fisheries Ltd

What Devi Fisheries Ltd does

Devi Fisheries Ltd is a vertically integrated Indian seafood exporter headquartered in Visakhapatnam, Andhra Pradesh, founded in 1992. The company operates across the full aquaculture value chain — hatchery operations, shrimp farming, feed manufacturing, processing, and international distribution — serving food service and retail customers in the United States, Europe, Japan, China, the Middle East, and Russia. Its product portfolio spans raw frozen shrimp, cooked frozen shrimp, and aquaculture feed, distributed under multiple consumer-facing brands including Sindhu Classic, MorningsHarvest, and Volga Classic.

The company runs five processing plants and reports a workforce of 6,000+ across its operations, anchored by a network of 16 farmer information centers that secure upstream supply. It maintains two key subsidiaries: Devi Aqua Feeds Pvt Ltd (feed manufacturing) and Devi Fisheries Inc, a Houston-based US distribution arm. The business operates a B2B export model supplemented by a private label program serving global retailers, with revenue driven by commodity seafood volumes rather than disclosed contract pricing.

Devi has held the distinction of "India's Highest Seafood Exporter" in multiple reporting years (2012-13 and 2016-17) and maintains international food safety and sustainability certifications including IFS Food, BRC Global Standards, GSSI, HACCP, ASC, and FSSAI. The company is privately held and does not disclose financial metrics.

Name

Devi Fisheries Ltd

Legal name

Devi Fisheries Limited

Website

https://devifisheries.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Devi Fisheries Ltd is a vertically integrated Indian seafood exporter founded in 1992, producing raw and cooked frozen shrimp plus aquaculture feed, serving food service and retail customers across the US, Europe, Japan, China, the Middle East, and Russia.

Ownership category

akta.pro rank

Product category

Seafood Processing and Frozen Shrimp Exports

NAICS

Aquaculture (1125), Other Aquaculture (112519), Fish and Seafood Merchant Wholesalers (424460)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

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

akta.pro secondary industry

Shrimp & Prawn Feed (AFADADAB)

Keywords

• Frozen shrimp exports
• Aquaculture feed manufacturing
• Seafood processing
• Shrimp hatchery operations
• Vertically integrated fisheries

Headquarters

HQ city

Visakhapatnam

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Revenue model

1. Frozen Shrimp Export: Primary revenue from exporting Raw Frozen Shrimp and Cooked Frozen Shrimp to global markets. Revenue is generated through B2B sales to food service and retail customers globally.
2. Aqua Feed Sales: Revenue from selling shrimp feed (Devi Prime, Devi Grande, Devi Imperial) to aquaculture farmers through distribution network
3. Private Labels Programme: Private label program offering global sourcing and sales support for food service and retail customers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Devi Fisheries Limited is a vertically integrated seafood enterprise that processes and exports Raw Frozen Shrimp and Cooked Frozen Shrimp from Litopenaeus Vannamei and Penaeus Monodon species for global food service and retail customers. Operations span Specific Pathogen Free hatchery, own farms, farmer sourcing through 16 info centers, 5 processing plants in Andhra Pradesh, ASC-certified aqua feed production via subsidiary Devi Aqua Feeds, and direct global export distribution including a US sales subsidiary in Houston.

Product overview

Devi Fisheries Limited operates as a vertically integrated seafood enterprise specializing in frozen shrimp processing and exports. The company offers a comprehensive product portfolio spanning raw frozen shrimp and cooked frozen shrimp products (PDTO, PD, HLSO, CIS, Butterfly, EZ Peel varieties) in both Individually Quick Frozen (IQF) and Block Frozen forms, primarily from Litopenaeus Vannamei and Penaeus Monodon species. The product range includes core processed products (Headless Shell On, Peeled & Deveined, Cooked variants), value-added convenience products (Shrimp Rings, Skewers, Butterfly Shrimp), and branded retail lines (Sindhu Classic, MorningsHarvest, Volga Classic). Vertically integrated operations encompass aquaculture feed production (Devi Prime, Devi Grande, Devi Imperial feeds for Vannamei & Monodon) through subsidiary Devi Aqua Feeds Private Limited, supporting the company's farm-to-fork traceability model with direct access to aquaculture farmers and sophisticated sourcing methods.

Differentiator

Problem solved

Functional benefit

Brands

• Sindhu Classic: Brand logo displayed on company website
• Cooked Shrimp
• Raw Shrimp
• MorningsHarvest
• Volga Classic
• Sindhu-Special

Products and services

• Raw Frozen Shrimp (PDTO, PD, HLSO, EZ Peel, HOSO) Bulk raw frozen shrimp products including Peeled & Deveined Tail On/Off (PDTO & PD), Pin Deveined Tail On/Off, Headless Shell On (HLSO), Head On Shell On (HOSO), Easy Peel, and Brine Frozen Head On variants, produced from Litopenaeus Vannamei and Penaeus Monodon in IQF and Block Frozen formats for global food service and retail buyers.
• Cooked Frozen Shrimp (Cooked PDTO, Cooked Easy Peel, CIS) Pre-cooked frozen shrimp products including Cooked Tail On/Tail Off, Cooked in Shell (CIS) Tail On/Tail Off, and Cooked Easy Peel variants, processed from Vannamei and Black Tiger species for foodservice and retail applications requiring ready-to-prepare or ready-to-eat shrimp.
• Value-Added Shrimp Products (Butterfly Shrimp, Shrimp Rings, Skewers, Pop Corn Shrimp) Convenience-oriented shrimp products featuring butterfly-cut shrimp, shrimp arranged on skewers, shrimp rings, and pop corn shrimp sized 31/40, designed for easy cooking and presentation in foodservice applications.
• Devi Aqua Feeds (Devi Prime, Devi Grande, Devi Imperial) ASC-certified aquaculture feed for Vannamei and Black Tiger shrimp species, formulated by expert nutritionists with low Feed Conversion Ratio (FCR) and maximum water stability, sold through 16 info centers to aquaculture farmers with technical support. Produced at Devi Aqua Feeds Pvt Ltd, Peddapuram, East Godavari.
• Private Label Shrimp Programme B2B private label program offering global sourcing, sales support, and traceable frozen shrimp packaged under customer-owned retail brands, delivered via Devi Fisheries Inc in Houston to North American food service and retail accounts.

Quantifiable outcome

• Recognized as India's largest shrimp exporter for consecutive years

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CJ CheilJedang: Korean food conglomerate with growing global seafood and shrimp processing operations; comparable value-added cooked shrimp offerings targeting retail and foodservice channels.
• Charoen Pokphand Foods (CPF): Vertically integrated Thai agri-food conglomerate with shrimp aquaculture, feed, and global exports; comparable end-to-end model and broader product portfolio than Devi.
• Thai Union Group: Global seafood leader with significant shrimp processing and brand portfolio (e.g., Chicken of the Sea); competes broadly with Devi in cooked and value-added shrimp categories across the same export markets.

Direct peers

• Avanti Feeds: Indian integrated aquaculture company with a large shrimp feed business and shrimp processing/export operations, comparable to Devi's vertically integrated model and overlapping customer base.
• Nekkanti Seafoods: Indian shrimp processor and exporter with integrated operations and global distribution; competes head-to-head with Devi for foodservice and retail accounts.
• Skretting (Nutreco): Global aquaculture feed manufacturer with shrimp feed products; directly competes with Devi's Devi Aqua Feeds subsidiary and sets formulation benchmarks.
• Apex Frozen Foods: Indian frozen shrimp exporter operating processing facilities and exporting to global markets; directly competes with Devi in raw and cooked frozen shrimp supply to international buyers.
• Minh Phu Seafood: Vietnam-based shrimp producer and exporter operating at global scale across raw and value-added shrimp; directly competes for share in US, EU, and Japanese markets.
• Sandhya Marines: Indian seafood exporter specializing in frozen shrimp and value-added seafood products for global markets; comparable product mix, customer segments, and export channels.

Regional players

• Waterbase: Indian aquaculture-focused company with shrimp feed and processing exposure; comparable Indian-market footprint but smaller scale than Devi.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/devi-fisheries-ltd

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 Devi Fisheries Ltd