Megaa Moda has Successfully Crossed a Phenomenal Mark of Revenues of USD 25 Million in FY 2018-19

Megaa Moda is coming up as the 'big fish' in terms of contributing to the rapidly flourishing shrimp processing industry in India. Recently, it has successfully crossed a phenomenal mark of revenue of USD 25 Million in FY 2018-19.
By: Kajaria Digital
 
 
Processors and Exporters of Shrimps
Processors and Exporters of Shrimps
 
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* Exporters of Shrimps

Industry:
* Business

Location:
* Kolkata - West Bengal - India

Subject:
* Earnings

KOLKATA, India - May 27, 2019 - PRLog -- Megaa Moda is coming up as the 'big fish' in terms of contributing to the rapidly flourishing shrimp processing industry in India. Recently, it has successfully crossed a phenomenal mark of revenue of USD 25 million in FY 2018-19. The Whole Time Director of Megaa Moda, Mr. Shankar Ramalingam has consolidated the shrimp business in India, and with vast expertise under his belt, he is now playing an instrumental role in enhancing the shrimp processing industry.

In one of his recent tête-à-têtes, Mr. Yogesh Gupta reflected on the massive evolution of the Indian shrimp and prawn industry in the global market. He said, "India's shrimp processing industry does have an upper hand in the global market and this solidification can be fully exploited to give a fresh impetus to the shrimp industry, thus maximizing a significant share in the seafood products.

Currently, the Indian seafood exported to the US has touched almost 26 % CAGR. The United States is also reckoned as the largest importer of Indian shrimps. Recently India has edged past Indonesia, Thailand, and Ecuador to clinch the title for most shrimp exports to the US. India has produced over 6,00,000 tonnes of shrimps last year. But, this year it is going to have a 10-15 % drop in the overall production owing to the sluggishness in prices.

"We have implemented technological innovations and processes to increase the commercial production of shrimp in a land-based environment. We have installed the world-class machineries including IQF freezer from Sweden to augment the process of production," said Mr. Ramalingam.

Megaa Moda has carved a niche in the industry of processing, packaging and exporting of shrimps and prawns. Its skilled manpower is always ready to push the limits of its capacity. It has hired trained and experienced workers who have the required skills and expertise in the industry. Megaa Moda is bucking up to play the catalyst in flourishing the shrimp processing business in India.

About Megaa Moda – Megaa Moda Private Limited has made a name for itself all across India. This ISO 9001:2015-certified and registered brand has been recognized as a 'Two-Star Export House' under the Ministry of Commerce and Industry, Govt. of India. Some of the esteemed agencies that MMPL is associated with include Marine Products Export Development Authority (MPEDA), Food Safety Standard Authority of India (FSSAI), Export Development Authority (EIA), etc. Holding some of the most important domestic and international certifications (BAP, BRC, USFDA approved, AEO-TIER II, etc.), Megaa [YG1] Moda Private Limited has earned oodles of accolades and trust from almost all across the globe.

For more info please visit: https://www.megaa.in/web/Profile

Contact us:

MEGAA MODA Pvt. Ltd. - AN ISO 9001:2015 CERTIFIED COMPANY

Address: 9th Floor, Flat A10, CIC Building, 33A Chowringhee Road, Kolkata 700071, India

Phone : + 91 33 4021 9200

Fax : + 91 33 4021 9292

E-Mail: sales@megaa.in

Website: https://www.megaa.in/

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MEGAA MODA Pvt. Ltd.
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Tags:Exporters of Shrimps
Industry:Business
Location:Kolkata - West Bengal - India
Subject:Earnings
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