Forbes India Leadership Award 2017: Value Creator Avanti Feeds’ share price has clocked an annual growth of 122% in the last 10 years. In the last year, it has shot up 400% Alluri Indra Kumar , 55, the chairman and managing director of Avanti Feeds, is a man of few words. In the early 1990s, when he was executive director of the Hyderabad-based Avanti Feeds, he spotted an opportunity in the shrimp feeds market. The company, founded by Kumar’s father Venkateswara Rao in 1993, was at the time mainly involved in manufacturing proteins for medicinal and food products. He foresaw the boom in aquaculture and believed that, as a ripple effect, the market for shrimp feed would expand. He started meeting fish and shrimp farmers to understand their requirements. “Farmers want quality feed. Over the years, we have supplied farmers quality products and thus our market share has kept increasing,” he says. In 1993, the company had a market share of 7 percent, which has gone up to...
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