Sea Resources Group

What Sea Resources Group does

Sea Resources Group (SRG) is a Bangladeshi deep sea fishing conglomerate headquartered in Dhaka, founded in 1982 and controlled by the Chowdhury family as part of the larger Rangs Group (32 companies). It operates the largest deep sea fishing fleet in Bangladesh, comprising shrimp and white fish trawlers operating in the Bay of Bengal, all equipped with on-board processing and freezing. The group operates four owned jetties, multiple shore-based cold storage facilities with ~2,000 MT total capacity, a marine workshop and shipyard, and water treatment facilities for exportable fish processing, supported by an in-house C&F agency and fishing gear supply unit.

SRG generates revenue across four primary streams: shrimp trawling exported under the 'Sea Fishers' brand (No. 1 Bangladeshi sea fish brand in the export market), white fish sold domestically under the 'Agro Food Services' and 'Sea Resources' brands, cold storage services to both internal and external customers, and a newer further-processed convenience food line under the 'Roja' brand. The customer base spans international seafood importers and domestic Bangladeshi retail and food service channels. Operations are organized across 12 wholly-owned subsidiaries spanning the full value chain from harvesting through processing, cold storage, shipyard maintenance, and customs/freight forwarding.

The business model is asset-intensive and vertically integrated, with revenue generated through direct sales of wild-caught seafood and related services. Quality control processes span organoleptic testing at the deck through laboratory testing at onshore cold storage. The group has progressively expanded downstream via further-processing subsidiaries (Sea Natural Food Ltd., SRL Marine Products Ltd., Blue Asian Foods Ltd.) and the 'Roja' convenience food brand, signaling a strategic shift toward value-added seafood products beyond raw catch.

Name

Sea Resources Group

Legal name

Sea Resources Group

Website

https://searesourcesgroup.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

51–100 employees

Short description

Sea Resources Group is a Bangladeshi deep sea fishing conglomerate, founded in 1982, operating the largest such fleet in the country with end-to-end trawling, on-board processing, ~2,000 MT cold storage, and processing infrastructure serving both export and domestic markets.

Ownership category

akta.pro rank

Product category

Seafood Products

NAICS

Seafood Product Preparation and Packaging (311710), Finfish Fishing (114111), Shellfish Fishing (114112), Fish and Seafood Merchant Wholesalers (42446)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Fishing, Hunting And Trapping (900), Food And Kindred Products (2000)

akta.pro primary industry

Shellfish Processing (Shrimp, Crab, Lobster, Mollusks) (AFANADAC)

Keywords

• Deep sea fishing
• Shrimp trawling
• White fish processing
• Cold chain logistics
• Seafood export

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Shrimp Trawler Export: Sea Fishers Ltd. trawlers engage in shrimp trawling from the Bay of Bengal with products mostly exported to international markets
2. White Fish Trawler Domestic Sales: Sea Resources Ltd. and Agro Food Services Ltd. white fish trawlers sell most of their catch in the domestic market
3. Cold Storage Services: Cold storage facilities with ~2,000 MT capacity serve both in-house and external demand
4. Further Processed Convenience Foods: Latest addition to portfolio includes further processed convenience food brand 'Roja'

Go-to-market motion1 record

Distribution channels3 records

Core offering

Sea Resources Group operates end-to-end deep sea fishing operations in the Bay of Bengal, catching and processing wild shrimp and white fish on board its trawler fleet, then preserving and distributing the products through its own cold storage facilities, jetties, and export/domestic channels. The group sells shrimp primarily to international export markets under the Sea Fishers brand and white fish to the Bangladesh domestic market under the Agro Food Services and Sea Resources brands, with a newer processed convenience food line called Roja. Supporting services include cold storage (~2,000 MT), marine shipyard, water treatment, C&F freight forwarding, and fishing gear supply.

Product overview

Sea Resources Group operates as a deep sea fishing conglomerate with an end-to-end operation model. The core fishing business comprises brands Sea Fishers Ltd. (shrimp trawling for export), Agro Food Services Ltd. (white fish for domestic market), Sea Resources Ltd. (white fish), and RRC Ventures OPC. Supporting infrastructure includes Sea Resources Cold Storage Ltd. with ~2,000 MT cold storage capacity, Sea Natural Food Ltd., Sea Resources Holdings Ltd., SRL Marine Products Ltd., and Blue Asian Foods Ltd. for further processing and cold storage. Ancillary services include Sea Resources Shipyard Ltd. (marine workshop/shipyard), Sea Resources Agencies Ltd. (C&F agent), and SRL Cosmos Trawl Ltd. (fishing gear). The latest brand addition is Roja, a further processed convenience food brand. The group previously operated under the 'Hartford' brand before transitioning to its own brands.

Differentiator

Problem solved

Functional benefit

Brands

• Sea Fishers: No. 1 Bangladeshi sea fish brand for export market, specializing in shrimp trawling from the Bay of Bengal. Products are mostly exported internationally.
• Agro Food Services
• Sea Resources
• Roja

Products and services

• Sea Fishers Shrimp
• Agro Food Services White Fish
• Sea Resources White Fish
• Roja Convenience Seafood
• Cold Storage Services
• Marine Workshop and Shipyard Services
• C&F Customs and Freight Forwarding
• Fishing Gear Supplies

Quantifiable outcome

• 100% Client Satisfaction
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Thai Partner (formerly Hartford)coreStrategic or Co-development Partner · 1 January 1982Sea Resources Group ventured into deep sea fishing in 1982 in association with an experienced partner from Thailand. Previously branded as 'Hartford', the company benefited from technical, financial and administrative collaboration with Thai partners. Operations at sea were initially run by foreign nationals, and this collaboration played a crucial role in establishing the business. While fully dependent on local talents today, this partnership laid the foundation for SRG's industry leadership.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Paragon Seafood (Bangladesh): Bangladesh-based seafood exporter specializing in frozen shrimp, white fish, and value-added products. Operates in the same competitive set as Sea Resources Group for international seafood buyers sourcing from Bangladesh.
• Gemini Seafood Bangladesh: One of the largest seafood processors and exporters in Bangladesh, vertically integrated from aquaculture and wild catch to value-added processing for international markets. Directly comparable to Sea Resources Group's shrimp and whitefish export model from Bangladesh.
• Apex Foods Limited (Bangladesh): Bangladesh-based seafood processor and exporter focused on shrimp, white fish, and value-added frozen seafood for global markets. Closely comparable in product mix, export orientation, and Bangladesh operating environment.
• M.N. Fish & Sea Food Processing Industries: Bangladesh seafood processor and exporter with shrimp and finfish operations serving EU, US, and Asian markets. Comparable in scale, product portfolio, and end-to-end processing approach to Sea Resources Group.

Broad incumbents

• Nippon Suisan (Nissui): Japanese seafood conglomerate with global fishing, aquaculture, processing, and cold-chain operations. Comparable vertically integrated wild-catch and processed seafood profile, though operating at significantly larger scale.
• Clearwater Seafoods: Canadian wild-caught shellfish (lobster, clams, crab, scallops) harvester and processor with vertically integrated fleet, processing, and cold storage. Comparable business model of owning the largest fleet in its fishery plus integrated processing and cold storage.
• Pacific Andes Resources Development: Singapore-based seafood conglomerate historically operating one of the world's largest deep-sea fishing fleets, plus processing and distribution. Comparable in the deep-sea wild-catch fleet, processing, and international seafood distribution model.
• Thai Union Group: World's largest seafood company with shrimp, tuna, and value-added seafood brands (Chicken of the Sea, John West). A broad incumbent whose vertically integrated model and branded retail products represent the strategic benchmark for a Bangladesh seafood exporter like Sea Resources Group.
• Maruha Nichiro Corporation: One of Japan's largest seafood companies operating across wild-catch fishing, aquaculture, processing, and frozen/distribution globally. Comparable as a diversified incumbent whose fishing-plus-processing model parallels SRG's vertical integration.

Regional players

• Bashundhara Food & Beverage Industries: Diversified Bangladeshi conglomerate with food processing, including seafood-adjacent and further-processed food operations under the Bashundhara umbrella. Comparable as a Bangladesh-based diversified food group competing in domestic and regional processed seafood markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sea-resources-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries12 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 Sea Resources Group