About Apex Frozen Foods Limited

Founded in 1995 as Apex Exports, Apex Frozen Foods Limited has evolved into one of India’s foremost processors and exporters of shrimp. The company has a fully integrated business model spanning hatchery, pre-processing, processing, cold storage, and export logistics. It specialises in supplying processed shrimp (mainly L. Vannamei) in Ready-to-Cook and Ready-to-Eat formats to global markets including the USA, the UK, the European Union, China, and others.

Apex operates three hatcheries with a breeding capacity of 1.2–1.4 billion SPF seeds, and two state-of-the-art processing facilities with a combined capacity of 34,240 MTPA, including 10,000 MTPA dedicated to Ready-to-Eat products. The company also maintains cold storage of 3,500 MT and its own fleet of refrigerated trucks for transportation.

Its product portfolio ranges from basic head-on and shell-on shrimp to value-added offerings like butterfly, skewered, seasoned, and par-fried shrimp, marketed under customer and in-house brands. Having started as a processor, Apex has steadily invested in backward integration, positioning itself as a trusted supplier to food companies, retail chains, restaurants, and distributors worldwide.

Apex Frozen Foods Limited’s Business Segments

For FY 2024-25, the company reported a total income of Rs 8,181 million. Exports to the USA accounted for 53% of revenue, the European Union (excluding the UK) 39%, and other markets 8%. 

Apex Frozen Foods Limited Key Management

The leadership of Apex Frozen Foods includes:

• Mr. Karuturi Satyanarayana Murthy – Executive Chairman

• Mr. Karuturi Subrahmanya Chowdary – Managing Director & CFO

• Mrs. Karuturi Neelima Devi – Whole-Time Director

• Ms. Swathi Reddy B – Company Secretary & Compliance Officer

• Ms. Deepthi Talluri – Independent Director

• Mr. B. Raghavulu Naidu – Independent Director

• Mr. Govindareddy Krishnamoorthy – Independent Director
  

Latest Updates on Apex Frozen Foods Limited

FY 2024-25 marked several key developments:

• Geographic diversification: The EU’s approval of the company’s second facility at G. Ragampeta enabled deeper penetration into high-margin Ready-to-Eat products. EU sales rose to 39% of total revenue, compared with 26% in FY 2023-24.

• Operational discipline: Gross debt was reduced by Rs 342 million, bringing the debt-equity ratio to a comfortable 0.15.

• Sustainability initiatives: Investments in solar rooftop projects for captive energy, advanced water reuse systems, and strengthened animal welfare practices.

• Product focus: Continued expansion of Ready-to-Eat capacity, now 10,000 MTPA, alongside innovation in value-added shrimp offerings.

• Financial performance: Revenue from operations reached Rs 81,355 lakh, with net profit of Rs 388 lakh compared with Rs 1,460 lakh in the previous year, reflecting external headwinds and farm-gate price volatility.