- Business
- Sharat Industries Limited engages in integrated shrimp aquaculture in India. The company operates across hatchery, shrimp farming, shrimp feed manufacturing, processing and cold storage divisions; it produces and sells vannamei seedlings, raw and cooked white shrimps including fresh frozen raw vannamei shrimp, raw headless shell-on shrimp and cooked white shrimp under the Sharat Star brand, as well as shrimp feeds under the VANNASTAR and AQUAASTAR brand names. Incorporated in 1990 and headquartered in Chennai, India, with facilities in Nellore District, Andhra Pradesh, Sharat Industries exports its products to international markets while maintaining an end-to-end shrimp value chain with outsourced hatchery and farming operations. In recent developments, the company conducted a rights issue in 2024 with a 13:20 entitlement ratio to bolster capital; it reported record net profit growth of 69.68% to Rs 9.96 crore and sales up 25.94% to Rs 380.53 crore for the fiscal year ended March 2025; additionally, it pursued preferential warrants issuance, share swaps, authorized capital increases and trading approvals for converted shares in 2025, alongside board changes including director re-appointments and secretarial auditor appointments.