Mukka Proteins Strategic Acquisition of GSM Marine Export

Mukka Proteins Limited has announced the strategic acquisition of a 51% stake in GSM Marine Export, a specialized fish meal and oil manufacturer. This investment, amounting to ₹14.00 crore, aligns with Mukka Proteins’ strategy to further add capacity and strengthen its market leadership.

With this acquisition, Mukka Proteins Limited enhances its processing capabilities, secures additional raw material supply chains, and reinforces its ability to meet the rising global demand for high-quality fish meal and fish oil—critical ingredients in aquafeed, poultry feed, and pet nutrition.

Mohammed Haris, Managing Director & CEO, Mukka Proteins Limited, stated: “This acquisition is a significant step in our growth strategy, allowing us to add more production capabilities while ensuring a more integrated and efficient supply chain. The rising global demand for high-quality fish meal and fish oil presents a tremendous opportunity, and GSM Marine Export’s expertise further strengthens our position in this industry.”

With This Deal, Mukka Proteins will acquire a 51% stake in GSM Marine Export for a total consideration of ₹14.00 crore through capital contribution in multiple tranches. GSM Marine Export recorded a revenue of ₹32.35 crore in FY 2023-24. The transaction is expected to be completed by June 30, 2025, subject to customary closing conditions.