Established in 1987 as part of the Karam Chand Thapar (KCT) Group, The Waterbase Limited is India’s pioneering integrated aquaculture company, headquartered in Chennai. With decades of expertise in aquafeed production and shrimp processing, the company has played a transformative role in shaping India's aquaculture landscape, contributing significantly to the country’s global seafood exports.
Core Business
The Waterbase Limited operates as a vertically integrated aquaculture company with two primary business verticals:
- Manufacturing of shrimp feed
- Processing and export of farmed shrimp
Through its large-scale, automated feed manufacturing units and modern seafood processing facilities, Waterbase offers an end-to-end aquaculture solution that encompasses feed, farming support, and value-added shrimp exports.
Product & Service Offerings
Shrimp Feed
Waterbase manufactures scientifically formulated shrimp feed under the following brands:
- Bay White
- Ultra XL
- Tigerbay XL
- Magnum
These formulations are tailored to support the specific growth stages of vannamei and monodon shrimp species. The feed is developed through in-house R&D and is produced at their ISO-certified facility in Nellore, Andhra Pradesh.
Processed Shrimp
Waterbase is also engaged in the processing and export of high-quality shrimp:
- Individually Quick Frozen (IQF) Shrimp
- Block Frozen Shrimp
- Cooked Shrimp
Shrimp is processed at the company’s EU and USFDA-approved processing facility, ensuring stringent food safety and traceability standards.
Aquaculture Solutions & Machinery
In addition to feed and processed seafood, Waterbase offers technical support, farming advisory, and seafood processing machinery including:
- Prawn Feed Machines
- Shrimp, Crab, and Fish Processing Equipment
These services are part of their integrated farm-to-fork approach aimed at uplifting the Indian aquaculture ecosystem.
Specialization and Core USP
Waterbase is known for its scientific approach to aquafeed formulation, backed by advanced laboratories and decades of R&D. Their technical support network extends to farmers across India, helping to enhance productivity and sustainability at the farm level.
Key Differentiators:
- One of India’s first commercial shrimp feed manufacturers
- Pioneered the use of bio-secure hatchery systems and traceable farming practices
- Export-grade shrimp processing with certifications for EU, USA, and Japan markets
- Strong farmer connect through training programs and field advisory
Financial Performance
The Waterbase Limited is a publicly listed company on the Bombay Stock Exchange (BSE: 523660). As per its FY 2022–23 annual report:
- Total Revenue: ₹357.3 crores (approx. USD 43 million)
- EBITDA: ₹15.2 crores
- Net Profit: ₹2.6 crores
- Export Contribution: Over 60% of processed shrimp revenue
The company continues to invest in R&D, infrastructure, and automation to enhance efficiency and profitability.
Shipment and Export Records
Based on export intelligence from platforms like Volza and Zauba, Waterbase regularly ships processed shrimp to:
- USA
- Japan
- European Union
- Middle East
Export data reveals:
- Average monthly shipments: 40–60 containers
- Product focus: IQF Vannamei Shrimp, Cooked PD Shrimp
- Major ports used: Chennai, Krishnapatnam
The company’s shrimp products meet international regulatory requirements including FDA, EU-RMP, and BRC certifications.
Target Market
Waterbase serves multiple customer segments:
- International seafood importers
- Retail chains and private labels
- Foodservice and hospitality clients
- Indian shrimp farmers seeking premium feed and advisory services
The company's strategic location near India's aquaculture heartland gives it logistical advantages in sourcing, processing, and shipping.
Operational Capabilities
- Feed Plant Capacity: 1,10,000 MT per annum
- Processing Plant Capacity: 5,000 MT per annum
- Cold Chain and Blast Freezing Units
- In-house Quality Testing Labs
- Integrated Aquaculture Support Team
Waterbase has also established a network of channel partners and field offices across India for sales, support, and logistics coordination.
Certifications & Compliance
The Waterbase Limited holds several certifications:
- HACCP Certified
- USFDA Approved
- EU Certified Processing Facility
- BRC (British Retail Consortium) Certification
- ISO 9001:2015 and ISO 22000:2018
Additionally, the company follows traceability protocols and antibiotic residue testing to meet strict export regulations.
Customer Testimonials
"Waterbase feed has helped us achieve faster shrimp growth with better FCR. Their farm support team is very responsive and knowledgeable."
— Shrimp Farmer, Andhra Pradesh
"Their processed shrimp meets our stringent EU specs, and we value their traceability and quality assurance systems."
— European Importer, via industry trade feedback
Recognitions & Achievements
- Among the Top 10 Indian Shrimp Feed Manufacturers
- Over 35 years of operational excellence in aquaculture
- Recognized by Marine Products Export Development Authority (MPEDA)
- Active participant at India International Seafood Show (IISS) and international trade exhibitions
As a pioneer in India’s aquaculture journey, The Waterbase Limited continues to innovate and expand with a focus on quality, farmer engagement, and sustainable seafood production for global markets.