About Growel Formulations
Growel Formulations is an Agriculture company based in Hyderabad (India). Aquaculture healthcare products are manufactured and supplied for aquatic species. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 104 employees. Its Indian entity Growel Formulations Private Limited reported revenue of ₹191 Cr. Growel Formulations offers products and services including Minerals, Probiotics, and Feed Supplements. Its focus areas include Aquaculture and Healthcare Formulations.
Company details
Aquaculture healthcare solutions are developed and manufactured by Growel Formulations Pvt. Ltd. The company focuses on products for species health, immunity, and biosecurity in culture and rearing systems. Sectors served include aquaculture with an emphasis on shrimp and fish businesses. Various solutions such as minerals, probiotics, feed supplements, and sanitizers are offered. Expansion into exports and diversified operations in shrimp processing and feed production is also undertaken. Research and development activities are prioritized for innovative product formulations.
- Headquarters Hyderabad, India
- Employees 104
- SectorsAgriculture
- Phone•••• ••••
- Website growelformulations.com
- Legal Name Growel Formulations Pvt. Ltd.
- Date of Incorporation 29 Apr, 1993
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹191 Cr
FY 2024 · -30% YoY
- Net Profit₹30.31 Cr
FY 2024 · 16% margin
- EBITDA₹39.78 Cr
FY 2024 · 21% margin
- Employee Count104
Associated legal entities of Growel Formulations
Growel Formulations operates through Growel Formulations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Growel Formulations Private Limited CIN U24239TG1993PTC015700 | Active | 29 Apr 1993 | Hyderabad, Telangana | ₹191 Cr | 104 | 3 | View details |
Products & Services of Growel Formulations
Growel Formulations offers a comprehensive portfolio of products and services, including Minerals, Probiotics, and Feed Supplements.
Minerals are provided for aquaculture species health support.
Probiotics are offered to enhance aquaculture species immunity.
Feed supplements are formulated for aquaculture nutritional needs.
Board of directors of Growel Formulations Private Limited (Growel Formulations)
Growel Formulations Private Limited is the primary company behind Growel Formulations. The board of Growel Formulations Private Limited currently have 3 directors; the longest-serving is Vedadri Narasimha Sesha Chary Mudumbi, appointed in 2001. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vedadri Narasimha Sesha Chary Mudumbi DIN 00863606 | Whole-time director | 28 Dec 2001 | 24 yrs 10 mo | Growel Formulations Private Limited |
| Ranga Kirtana Mudumbi DIN 07916172 | Director | 24 Aug 2017 | 9 yrs 2 mo | Growel Formulations Private Limited |
| Padma Preeti Mudumbi DIN 07916185 | Director | 24 Aug 2017 | 9 yrs 2 mo | Growel Formulations Private Limited |
Financials of Growel Formulations
Figures of Growel Formulations Private Limited, the primary company behind Growel Formulations, for FY 2024. Revenue was ₹191 Cr (-30% year on year). Net profit was ₹30.31 Cr (16% margin). EBITDA was ₹39.78 Cr (21% margin). Revenue has grown at a compounded annual rate of +11% over three years and -2% over five years.
- ₹191 CrRevenue · FY 2024 · -30% YoY
- ₹30.31 CrNet profit · 16% margin
- ₹39.78 CrEBITDA · 21% margin
- ₹7.21 CrPaid-up capital
- 104Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Growel Formulations Private Limited are on its company page.
Detailed financial statements for Growel Formulations
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Top companies in Aquaculture Feed and Nutrition
3 companies that operate in the same segment as Growel Formulations (Aquaculture Feed and Nutrition) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Feeds for fish and shrimp are manufactured and specialized in. | 1993 | Hyderabad, Telangana, India | USD 638.11 M | 773 | ||
Fully integrated company in aqua feed production, and farming, processing, and supply of shrimp products | 1987 | Chennai, Tamil Nadu, India | USD 35.49 M | |||
Develops innovative probiotics, enzymes, and prebiotics for animal health and sustainable aquaculture. | 2002 | Hyderabad, Telangana, India | USD 1.55 M | 35 |
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Frequently Asked Questions about Growel Formulations
Growel Formulations is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Growel Formulations has 104 employees.
The primary company behind Growel Formulations, Growel Formulations Private Limited, reported revenue of ₹191 Cr for FY 2024, down 30% year on year.
Aquaculture healthcare solutions are developed and manufactured by Growel Formulations Pvt. Ltd. The company focuses on products for species health, immunity, and biosecurity in culture and rearing systems. Sectors served include aquaculture with an emphasis on shrimp and fish businesses. Various solutions such as minerals, probiotics, feed supplements, and sanitizers are offered. Expansion into exports and diversified operations in shrimp processing and feed production is also undertaken. Research and development activities are prioritized for innovative product formulations.
Growel Formulations offers Minerals, Probiotics, and Feed Supplements.
Growel Formulations operates through Growel Formulations Private Limited.
The legal entities of Growel Formulations currently have 3 directors, including Ranga Kirtana Mudumbi, Padma Preeti Mudumbi, Vedadri Narasimha Sesha Chary Mudumbi.