About  Waterbase Limited

Waterbase Limited, founded over 30 years ago, is a pioneer in the Indian shrimp aquaculture sector. The company is part of the Karam Chand Thapar (KCT) Group, a renowned Indian conglomerate with a diversified portfolio, including sectors like aquaculture, coal logistics, and real estate. Waterbase participates in the entire shrimp value chain, from hatchery and shrimp feed production to farm care products, farming, processing, and exports. Its manufacturing capacity includes 110,000 MT for shrimp feed and 5,000 MT for processing.

Waterbase has an international footprint, exporting processed shrimp to markets like the USA, Europe, China, Canada, and Southeast Asia. The company operates from its registered office in Nellore, Andhra Pradesh, and its corporate office in Chennai.

The company is committed to sustainability and quality, with certifications including ISO 9001, ISO 14001, and approvals from global standards such as USFDA, HACCP, and BRC. With an employee strength of 282 as of March 31, 2024, Waterbase continues to invest in R&D to support the growth of shrimp aquaculture, focusing on improving productivity, yield, and product quality.

Waterbase Limited Business Segments

Waterbase’s business is divided into three primary segments:

1. Shrimp Feed: The company manufactures and sells shrimp feed across India and internationally.

2. Shrimp Processing & Exports: Waterbase processes shrimp and exports it globally, catering to markets like the USA, Europe, China, and Southeast Asia.

3. Farm Care Products: The company produces animal health and farm care products to support shrimp farming.

Waterbase Limited Key Management

• Mr. Varun Aditya Thapar – Chairman

• Mr. Ramakanth V Akula – Chief Executive Officer (CEO)

• Mr. R. Sureshkumar – Chief Financial Officer (CFO)

• Mr. Bala Arumugam – Company Secretary & Compliance Officer

• Ms. Nitasha Thapar – Non-Executive Director

Latest Updates on The Waterbase Limited

• In the fiscal year 2023-24, Waterbase reported a notable revenue increase of 11.6%, driven by the successful ramp-up of its shrimp processing unit, despite market challenges. However, the company faced a net loss of Rs. 13.24 crores due to rising costs and market volatility.
• The company focused on modernizing its processing unit and enhancing its distribution network in key regions of Andhra Pradesh. Waterbase also expanded its R&D efforts, launching two sustainable farm care products that improve shrimp farming practices. The company aims to scale its operations further in the next few years, particularly in processing, while rebuilding its feed business.
• Waterbase continues its commitment to sustainability, focusing on reducing its environmental footprint through energy-efficient practices and responsible sourcing. The company also invests in community development programs, including the “Kashvi Programme” for educating school drop-out girls and women in rural areas.