Mission Statement, Vision, & Core Values (2025) of Avanti Feeds Limited.

An Overview of Avanti Feeds Limited

General Summary of Avanti Feeds Limited

Avanti Feeds Limited, established in 1993, is a prominent player in the aquaculture and animal feed industry in India. The company primarily focuses on the production of shrimp feed, fish feed, and other specialized feed products tailored for aquaculture. Over the years, Avanti has expanded its operations and scaled its production capacity to meet the increasing demand for quality aquaculture feeds.

As of 2024, Avanti Feeds has reported a robust sales figure of approximately ₹3,500 crore, showcasing significant growth due to the rising consumption of seafood globally and the company’s strategic market initiatives. The product portfolio includes various aqua feeds, nutritional supplements, and health products designed to enhance aquaculture productivity.

Company's Financial Performance in Latest Financial Reports

In its latest financial report for the fiscal year ending March 2024, Avanti Feeds recorded a remarkable revenue growth of 25%, reaching ₹3,500 crore, compared to ₹2,800 crore in the previous fiscal year. The company's net profit surged by 30% year-on-year, amounting to ₹450 crore.

The primary driver of this growth has been the strong performance of its shrimp feed segment, which alone contributed to 60% of total revenue. The increase in global shrimp farming and exports has significantly boosted demand for high-quality feed. Additionally, the firm has expanded its reach into international markets, increasing its export sales by 40% in the last year.

Below is a summary of the financial highlights from the latest fiscal year:

Introduction to Company as a Leader in the Industry

Avanti Feeds Limited stands out as one of the leading companies in the aquaculture industry due to its commitment to quality, innovation, and sustainability. The company has established a strong brand presence in both domestic and international markets, supported by its extensive research and development initiatives aimed at enhancing feed nutrition and aquaculture practices.

With strategic investments in technology and sustainability, Avanti is well-positioned to capitalize on the growing global demand for seafood and aquaculture products. Stakeholders are encouraged to explore further to understand the factors driving Avanti Feeds Limited's continued success and market leadership.

Mission Statement of Avanti Feeds Limited

Mission Statement of Avanti Feeds Limited

Avanti Feeds Limited, a leading player in the aquaculture industry, articulates its mission statement to reflect its commitment to producing high-quality fish feed and shrimp feed. By focusing on sustainability and innovation, the company aims to cater to the needs of its customers while also contributing positively to the aquaculture ecosystem. The mission statement serves as a foundation for the company's strategic initiatives and long-term goals.

Core Component 1: Quality Products

The first core component of Avanti Feeds' mission statement emphasizes the production of high-quality products. In 2022, the company reported a revenue of ₹1,627 crore, showcasing its dedication to maintaining high standards in product quality and safety. The quality assurance protocols in place ensure that their fish and shrimp feeds are nutritionally balanced and safe for consumption.

Core Component 2: Sustainable Practices

Sustainability is integral to Avanti Feeds' mission. The company actively engages in sustainable aquaculture practices, which were highlighted in their 2023 sustainability report. They aim to reduce feed conversion ratios and lower carbon footprints. Avanti Feeds recorded a reduction in greenhouse gas emissions by 18% in the past financial year, demonstrating its commitment to environmentally friendly practices.

Core Component 3: Customer Satisfaction

Avanti Feeds places a strong emphasis on customer satisfaction, aiming to meet and exceed the expectations of their clients. The company conducts regular feedback surveys, with over 85% of customers reporting high satisfaction levels regarding the quality and reliability of their products in 2023. Additionally, Avanti Feeds has launched a customer loyalty program, which has seen participation from more than 30,000 customers.

Vision Statement of Avanti Feeds Limited

Vision Statement Overview

Avanti Feeds Limited's vision statement as of 2024 is to 'be the global leader in aquaculture and feed solutions, delivering high-quality and sustainable products to enhance the lives of people and communities.' This vision reflects the company's commitment to innovation, quality, and sustainability in the aquaculture sector.

Leadership in Aquaculture

The emphasis on being a global leader highlights Avanti's ambition to dominate the aquaculture market. In FY 2022-2023, Avanti Feeds reported a market share of approximately 20% in the Indian shrimp feed segment, demonstrating their significant influence in the region. The company has consistently invested in research and development, allocating around 5% of its revenue towards R&D initiatives to innovate product offerings.

Sustainability Commitment

Avanti Feeds has integrated sustainability into its vision by focusing on eco-friendly practices. The company aims to reduce its carbon footprint by 30% by 2025. In 2023, over 60% of their raw materials were sourced sustainably. Furthermore, they have committed to using renewable energy sources for 50% of their operations by the end of 2024.

Quality Products for Communities

Avanti emphasizes quality in its product offerings. Their shrimp feed products have received certifications for nutritional excellence, contributing to the healthy growth of shrimp. In the previous fiscal year, the company achieved a gross profit margin of 32%, primarily due to the acceptance of their high-quality feeds among aquaculture farmers. Additionally, Avanti provides training and support to over 2,000 local farmers, empowering communities through knowledge and resources.

Global Market Expansion

As part of its vision statement, Avanti aims for global expansion. The company has established operations in 7 countries, facilitating export to markets in the USA, Europe, and Southeast Asia. As of 2023, their export revenue constituted about 30% of total sales, indicating a strong international presence. Avanti plans to increase this figure by 15% annually through strategic partnerships and alliances.

Financial Overview

Community Empowerment

Avanti's vision includes a strong focus on community empowerment through its initiatives. The company has invested over INR 10 Crores in community development projects, primarily focusing on education and sustainable farming practices. Their partnership with NGOs has led to the training of more than 5,000 individuals in aquaculture best practices, fostering local entrepreneurship.

Core Values of Avanti Feeds Limited

Integrity

Integrity is a core value that underscores Avanti Feeds Limited’s commitment to ethical business practices. The company believes in maintaining transparency and honesty with all stakeholders.

For example, in 2023, Avanti Feeds implemented a comprehensive compliance framework that aligns with global standards. This included regular internal audits, training programs for employees, and a whistleblower policy to encourage reporting of unethical behavior.

The company's adherence to integrity was recognized when it achieved an 87% score on the corporate governance rating by the Institutional Investor Advisory Services (IIAS).

Innovation

Innovation drives Avanti Feeds’ approach to ensure sustainable growth and competitiveness in the aquaculture sector. The commitment to research and development has led to numerous advancements.

In 2024, the company allocated 10% of its total revenue, which amounted to approximately ₹47 crore, towards R&D initiatives. This funding facilitated the launch of a new high-protein feed product that increased growth rates in shrimp by 20%.

Sustainability

Sustainability is integral to Avanti Feeds' operations, focusing on environmentally responsible practices. The company aims to minimize its ecological footprint while supporting aquaculture.

In 2023, Avanti Feeds transitioned to using 100% eco-friendly packaging materials, which reduced plastic waste by approximately 500 metric tons. Furthermore, they are implementing a zero-waste policy, targeting a 30% reduction in waste by 2025.

Customer Focus

Customer focus is vital for Avanti Feeds, emphasizing the importance of client satisfaction and long-term relationships. The company leverages feedback to continuously improve its products and services.

In 2023, Avanti Feeds launched a customer service initiative that led to a 15% increase in customer satisfaction scores, which are now at a record high of 92%. The introduction of a 24/7 customer support helpline has also contributed to this improvement.

Teamwork

Teamwork is crucial for fostering collaboration and achieving common goals within Avanti Feeds. The company encourages a culture that promotes mutual respect and collective effort.

In 2024, Avanti Feeds conducted several team-building workshops that engaged over 1,000 employees, resulting in a stronger commitment to shared objectives and an increase in productivity by 18% in key operational areas.