The Power Of I 2018

Fishing for Growth

After making it big in seafood exports, this Kochi-based firm now wants to dominate local waters

Photographs by RA Chandroo

Abad Fisheries’ story began in the early 19th century when Usman Mohamed Hashim sent sun-dried shrimps to Burma. What started as a one-man driven exporter business has today turned into a group worth Rs.10 billion. The company has 12 factories across India, which send processed seafood to countries in Asia, Europe, the Middle East and the US. The seafood exporter boasts of a production capacity of 300 MT per day and has cold storage capacity of over 16,000 MT. The Abad Group has diversified into hospitality and construction businesses, and has made inroads into the domestic market with ready-to-eat products and stores. With diversified units and large capacity, the company hopes to ride over turbulent times in the global seafood market.