About Mukka Proteins Limited

Mukka Proteins Limited is a leading manufacturer and exporter of fish meal, fish oil, and fish soluble paste, serving the aquaculture, poultry, livestock, pet food, and allied industries globally. The company’s products are widely used in aqua feed, poultry feed, pet feed, EPADHA extraction, animal feed, soap manufacture, leather tanneries, and paint industries. Headquartered in Mangaluru, Karnataka, Mukka Proteins has established itself as a trusted name in the international market due to its focus on quality, sustainability, and innovation.

The company’s portfolio extends to insect protein products through its subsidiary Ento Proteins Private Limited, which produces insect meal, insect oil, compost, and humic acid derived from Black Soldier Fly technology. Mukka also has subsidiaries including Haris Marine Products Private Limited, Atlantic Marine Products Private Limited, Ento Proteins Private Limited, and Ocean Aquatic Proteins LLC (Oman). In addition, the company holds joint venture interests in Pacific Marine Products, Mangalore Fish Meal and Oil Company, Ullal Fishmeal and Oil Company, and Progress Frozen & Fish Sterilisation.

A significant milestone was the successful completion of its Initial Public Offering (IPO) in 2024, which provided the company with resources to enhance production, invest in sustainability initiatives, and expand its market reach.

Business Segments

The company operates under a single business segment—manufacturing and exporting fish meal, fish oil, fish soluble paste, and insect protein products. Segmental revenue break-up between domestic and international operations is not disclosed.

Key Management

• Mr. Karkala Shankar Balachandra Rao – Chairman and Non-Executive Independent Director

• Mr. Kalandan Mohammed Haris – Managing Director and Chief Executive Officer

• Mr. Kalandan Mohammed Althaf – Whole-Time Director and Chief Financial Officer

• Mr. Kalandan Mohammad Arif – Whole-Time Director and Chief Operating Officer

• Mr. Kalandan Abdul Razak – Non-Executive Non-Independent Director

• Mrs. Umaiyya Banu – Non-Executive Non-Independent Director

• Mr. Hamad Bava – Non-Executive Independent Director

• Mr. Narendra Surendra Kamath – Non-Executive Independent Director

• Mr. Mehaboobsab Mahmadgous Chalyal – Company Secretary & Compliance Officer

Latest Updates

• IPO Milestone: Successfully completed Initial Public Offering in 2024, marking a key step towards transparency and growth.

• Subsidiary Expansion: Increased stake in Ento Proteins Private Limited from 50% to 74%, making it a subsidiary.

• Disinvestment: Divested its entire stake in MSFI (Bangladesh) Limited in September 2024.

• Strategic Acquisitions: Acquired 51% stake each in FABBCO Bio Cycle & Bio Protein Technology Pvt. Ltd. and GSM Marine Export in FY 2024–25, strengthening its core and allied businesses.

• Global Presence: Ocean Aquatic Proteins LLC (Oman) continues to play a vital role in international expansion.

• Sustainability Recognition: Ento Proteins, its subsidiary, partnered with Mangaluru City Corporation for organic waste management using BSF technology. The initiative was appreciated in the Prime Minister’s “Mann Ki Baat”.

• Innovation Focus: Enhanced investments in product development, technology, and ESG initiatives to align with sustainable growth.

Contingent Matters: Company is engaged in litigation regarding classification of fish soluble paste under GST, with a demand raised of Rs 9.82 crore, currently under appeal.