In a strategic move to solidify its presence in India's booming seafood export market, Kings Infra Ventures Ltd. has announced a major acquisition of Sriaqua Seafoods, a prominent merchant seafood exporter based in Vishakhapatnam, Andhra Pradesh. The acquisition signifies Kings Infra’s entry into the aquaculture hub of India and represents a vital chapter in the company’s international expansion strategy.

Deal Structure and Transition

The acquisition, executed through a performance-linked structure, is designed as a transfer of business on a going concern basis. This means Sriaqua Seafoods will continue its operations without disruption, but now under the Kings Infra brand starting May 2, 2025. All existing contracts and order books of Sriaqua will be honoured by Kings Infra, ensuring operational continuity and client retention.

The agreement includes a clause that links the final valuation to the achievement of mutually agreed Key Performance Indicators (KPIs) over the next six months, ensuring performance and accountability from both parties during the integration phase.

The acquisition was formally approved by the Board of Directors of Kings Infra in a meeting held on April 22, 2025, following which the signing ceremony took place at Kings Infra’s headquarters in Kochi.

Strategic Importance of Andhra Pradesh

The acquisition is not just a business decision but a strategic move into Andhra Pradesh, a state widely recognized as the backbone of India’s aquaculture and seafood industry. Andhra Pradesh accounted for approximately 32% of India’s seafood exports in FY 2023–24, underlining its significance in the national export narrative.

The Visakhapatnam Port, located near Sriaqua’s operations, was the top seafood export hub in India during the same fiscal year, handling 3.14 lakh tonnes of seafood valued at ₹17,983 crore. This provides logistical advantages and market accessibility that Kings Infra plans to harness.

The aquaculture sector in the state supports nearly 300,000 farmers, making it not just an economic engine but a socioeconomic driver. Kings Infra’s entry is expected to generate employment, bring in technology, and boost overall efficiencies in seafood production and exports from the region.

Leadership & Operational Synergy

Under the agreement, Mr. Sreeram Inagalla, the Managing Partner of Sriaqua Seafoods, will take over as CEO of Kings Infra’s international operations, which includes a soon-to-be-launched seafood distribution entity in the UAE. The UAE venture is part of Kings Infra’s long-term plan to create seamless global seafood value chains.

Mr. Shaji Baby John, Chairman and Managing Director of Kings Infra, expressed optimism about this leadership change. He highlighted Sreeram’s innovative approach and deep operational knowledge as essential components for future growth. With Sreeram at the helm, Kings Infra expects a marked increase in global sales, greater emphasis on quality control, and a sustainable business trajectory.

Organizational Presence at Signing

The signing ceremony was attended by senior leadership from both companies, further underlining the importance of this strategic collaboration. The Kings Infra team included:

• Mr. Shaji Baby John, Chairman and Managing Director

• Mr. Baby John Shaji, Joint Managing Director

• Mr. Balagopal Veliyath, Executive Director

• Mr. Lalbert Cherian, CFO

Representing Sriaqua Seafoods was Mr. Sreeram Inagalla, whose continued association as CEO of international operations ensures continuity and alignment of goals.

Global Vision and Next Steps

Kings Infra’s expansion into Andhra Pradesh is part of a broader global vision that includes the integration of aquaculture, seafood processing, retail distribution, and international trade. The company operates across the entire seafood value chain, which now becomes stronger with the addition of Sriaqua’s capabilities, especially in modern processing and cold storage infrastructure.

The upcoming UAE-based seafood distribution entity will help Kings Infra cater to the growing Middle Eastern market. With increasing demand for high-quality, sustainably sourced seafood, Kings Infra aims to become a global leader in the segment by combining Indian production strength with international distribution networks.

About Kings Infra Ventures Ltd.

Kings Infra Ventures Ltd. is an integrated seafood enterprise that operates across aquaculture, seafood processing, domestic retail, infrastructure development, and international trade. The company is known for its focus on sustainability, innovation, and global scalability.

About Sriaqua Seafoods

Sriaqua Seafoods is a merchant exporter with operations spanning the entire seafood value chain. From aquaculture farms to state-of-the-art processing units and cold storage facilities, the company is recognized for its focus on quality, sustainability, and timely global deliveries. The firm’s operations in Visakhapatnam, a key harbor on India’s East Coast, provide strategic advantages for seafood exports.

This strategic acquisition marks a turning point for Kings Infra, positioning it for long-term global leadership in the seafood industry. With a solid base in Andhra Pradesh and a planned footprint in the UAE, the company is set to expand its operational and geographic horizons, driven by performance, quality, and innovation.

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