Mukka Proteins IPO

Company Summary

Incorporated in March 2003, Mukka Proteins Limited manufactures fish protein products. As a manufacturer of Fish Protein products, they manufacture and supply fish meal, fish oil, and fish soluble paste which is an essential ingredient in the manufacturing of aqua feed (for fish and shrimp), poultry feed (for broiler and layer), and pet food (dog and cat food).

They sell their products domestically and also export them to over 10 countries, including Bahrain, Bangladesh, Chile, Indonesia, Malaysia, Myanmar, Philippines, China, Saudi Arabia, South Korea, Oman, Taiwan and Vietnam.

They have 6  manufacturing facilities out of 4  manufacturing facilities located in India and 2 manufacturing facilities, held through their Foreign Subsidiary, namely Ocean Aquatic Proteins LLC which is located in Oman.

Further, their Company operates 3  blending facilities and 5 storage facilities located in India. All their Facilities are strategically located within proximity to the coastline.

As of September 30, 2023, they have also entered into a contractual arrangement with third-party manufacturing units, situated at Sasihithlu, Udupi, and Ullal which are all in Karnataka, Taloja in Maharashtra, Porbandar, and Mangrol in Gujarat for supply of fish meal and fish oil. These third-party manufacturing units are close to the source of their key raw material i.e., pelagic fish, thus increasing their presence across the western coastline of India

As of March 31, 2023, the company employed 385 people from various departments, including technical and support staff, administration, management, and operations.