About Akay Group
Akay Group is a Consumer company based in Ernakulam (India) founded in 1995, and was acquired by Oterra in July 2022. Spices and phytoplankton extracts are processed by Akay Group. Akay Group has raised $6.01 million across 2 funding rounds from investors including Asian Development Bank, Oterra and IFU. The company has 307 employees. Akay Group was last valued at $35.93 million in November 2014. Its Indian entity Akay Natural Ingredients Private Limited reported revenue of ₹531 Cr. Akay Group offers products and services including Oleoresins and Spices. Its focus areas include Food and Agriculture, Food Processing, Food Ingredients and Bulk Ingredients.
Company details
Akay Group was established in 1995 in Ernakulam, India, where operations in the food processing and natural extracts sector are centered. Spices are processed for various applications, while phytoplankton extracts are derived for specialized uses in nutrition and biotechnology. The company is led by Managing Director Balu Paulose Maliakel. Activities are conducted primarily from its base in India, serving domestic and international markets through its domain akay-group.com.
- Headquarters Ernakulam, India
- Employees 307
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Website akay-group.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Oterra (Jul 2022)
- Legal Name Akay Natural Ingredients Private Limited
- Date of Incorporation 15 Apr, 1993
- Jurisdiction Ernakulam, Kerala, India
- Annual Revenue₹531 Cr
FY 2022 · +11% YoY
- Net Profit₹60.84 Cr
FY 2022 · 10% margin
- EBITDA₹93.69 Cr
FY 2022 · 16% margin
- Total Equity Funding$6.01M (USD)
in 2 rounds
- Latest Funding Round$6.01M (USD), Series A
Nov 2014
- InvestorsAsian Development Bank
& 2 more
- Employee Count307
- Acquired byOterra
(Jul 2022)
Associated legal entities of Akay Group
Akay Group operates through Akay Natural Ingredients Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akay Natural Ingredients Private Limited CIN U24249KL1993PTC007092 | Amalgamated | 15 Apr 1993 | Ernakulam, Kerala | ₹531 Cr | 307 | 4 | View details |
Products & Services of Akay Group
Akay Group offers a comprehensive portfolio of products and services, including Oleoresins and Spices.
Oleoresins are produced by Akay as natural extracts for flavoring and other uses in the food industry.
Spices are processed by Akay through rigorous methods like steam sterilization to ensure quality for distribution.
Apps and channels of Akay Group
its YouTube channel Akay Natural Ingredients has 217 subscribers and 16 videos.
Videos from Akay Group
The most watched videos on Akay Group's YouTube channel, Akay Natural Ingredients (217 subscribers). Click a video to play it here.
More on Akay Natural Ingredients.
Funding Insights of Akay Group
Akay Group has successfully raised a total of $6.01M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.01 million completed in November 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.01M
- Total Rounds 2
- Last Round Series A — $6.01M
- First Round $2.81M
(Jun 1996)
- Investors Count 2
All 2 funding rounds of Akay Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2014 | $6.01M | Series A | $35.93M | Asian Development Bank | – |
| Jun 1996 | $2.81M | Unspecified | – | IFU | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2014 | $35.93M | •••••••• |
Last known valuation $35.93M (Nov 2014). 3 investors in total: 3 institutional.
Investors in Akay Group
Akay Group has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Asian Development Bank, Oterra and IFU.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Advisory services and financial resources are mobilized for development projects. | 1966 | adb.org | Mandaluyong, Philippines | |
Naturally sourced colors for food industries are supplied globally. | 1999 | oterra.com | Horsholm, Denmark |
Investor details for Akay Group
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Board of directors of Akay Natural Ingredients Private Limited (Akay Group)
Akay Natural Ingredients Private Limited is the primary company behind Akay Group. The board of Akay Natural Ingredients Private Limited currently have 3 directors; the longest-serving is Maliakel Balu Poulose, appointed in 2002. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maliakel Balu Poulose DIN 00231698 | Managing Director | 06 Jun 2002 | 24 yrs 5 mo | Akay Natural Ingredients Private Limited |
| Anandarajan Shibu DIN 07700400 | Director | 05 Jan 2017 | 9 yrs 10 mo | Akay Natural Ingredients Private Limited |
| Emmanuel Nambusseril Thomas DIN 07700411 | Director | 05 Jan 2017 | 9 yrs 10 mo | Akay Natural Ingredients Private Limited |
People of Akay Group
47 people are tracked at Akay Group (11 in leadership, 36 in team); the tracked headcount is 307.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Kamel El Sherkawy | Head Of The Accounting Department | Leadership |
Dr. Balu Paulose Maliakel | Managing Director | Leadership |
Krishnakumar Im | Chief Research Officer | Leadership |
Sunny Bhatia | Deputy General Manager Marketing | Leadership |
| Vice President - Global Sourcing | Leadership | |
| Chief Marketing Officer | Leadership | |
Cherry Jacob | General Manager | Leadership |
Anilkumar N Sreekara Shenoy | Deputy General Manager (nutraceutical Division) | Leadership |
Sam Jose | General Manager | Leadership |
Jaison Peter | Deputy General Manager | Leadership |
Stenson Rocky Sebastian | Chemist | Team |
Kshitij Parikh | Authorized Dealer | Team |
Anish..... Baby (:-) | Officer N P D And Production ( Spicerich Saesoings) | Team |
Abhilash Ravi | Sr. Manager Production | Team |
Ashil Joseph | Nutraceutical / Spiceutical Research Sr.officer | Team |
Joffin Johnson | Marketing Officer | Team |
Eldho John | Senior Officer-accounts | Team |
Pius Thomas | NPD | Team |
Muneer K E | Senior Quality Assurance Specialist | Team |
27 more people are available in the full profile.
Complete people profiles for Akay Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Akay Group
Figures of Akay Natural Ingredients Private Limited, the primary company behind Akay Group, for FY 2022. Revenue was ₹531 Cr (+11% year on year). Net profit was ₹60.84 Cr (10% margin). EBITDA was ₹93.69 Cr (16% margin). Revenue has grown at a compounded annual rate of +20% over three years and +12% over five years.
- ₹531 CrRevenue · FY 2022 · +11% YoY
- ₹60.84 CrNet profit · 10% margin
- ₹93.69 CrEBITDA · 16% margin
- ₹19.92 CrPaid-up capital
- 307Employees (provident fund records)
- +20%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Akay Natural Ingredients Private Limited are on its company page.
Detailed financial statements for Akay Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Akay Group
5 dated milestones of Akay Group across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Akay Group is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Series A, of $6.0M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Oterra.
Web traffic of Akay Group
The website of Akay Group (akay-group.com) receives about 5.1K visits a month.
- Monthly visits5.1K
▼ 25.5% vs previous month
Websites whose visitors overlap most with Akay Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
adv-bio.com | adv-bio.com | 100% | #1,702,887 | – | |
| akras.at | 85% | #9,568,223 | View details | ||
| sadguna.in | 25% | View details | |||
| silverlinechemicals.com | 25% | #2,332,457 | View details | ||
| swanispice.com | 24% | 1.9K | #7,579,692 | View details |
Top companies in Food Processing
2 companies that operate in the same segment as Akay Group (Food Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Fruits and vegetables processing services are provided by Sahyadri Farms. | 2011 | Nashik, Maharashtra, India | USD 84.86 M | USD 115.08 M | 2,299 | |
Brand of beverage products | 1995 | Gurugram, Haryana, India | USD 133 M | USD 2.33 B | 12,570 |
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Related news about Akay Group
Complete news archive for Akay Group
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Frequently Asked Questions about Akay Group
Akay Group was founded in 1995 and raised its 1st funding round 1 year after it was founded.
Akay Group is headquartered in Ernakulam, India. It is registered at Ernakulam, Kerala, India.
Akay Group is a funded company, having raised a total of $6.01M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $2.81M, raised on Jun 1996.
Akay Group has 307 employees.
The primary company behind Akay Group, Akay Natural Ingredients Private Limited, reported revenue of ₹531 Cr for FY 2022, up 11% year on year.
Akay Group was established in 1995 in Ernakulam, India, where operations in the food processing and natural extracts sector are centered. Spices are processed for various applications, while phytoplankton extracts are derived for specialized uses in nutrition and biotechnology. The company is led by Managing Director Balu Paulose Maliakel. Activities are conducted primarily from its base in India, serving domestic and international markets through its domain akay-group.com.
Akay Group offers Oleoresins and Spices.
Akay Group has 3 investors. Key investors include Asian Development Bank, Oterra, and IFU.
The valuation of Akay Group is $35.93M as of Nov 2014.
Akay Group operates through Akay Natural Ingredients Private Limited.
Yes. Akay Group was acquired by Oterra in July 2022.
The legal entities of Akay Group currently have 4 directors, including Anandarajan Shibu, Emmanuel Nambusseril Thomas, Tharamel Balakrishnan Dinil and others.