Koluthara Exports was incorporated on September 22, 1989. The registered office is located at Alappuzha district, Kerala. The company has been engaged in the business of aquaculture. It has a manufacturing unit with capacity to process a range of products including individually quick frozen shrimps and cephalopods, block shrimps and cephalopods, individually frozen (tunnel) shrimps and all fish items.
History of the company:-
1989 - Koluthara Exports Pvt Ltd was incorporated on September 22, and and the assets of the partnership firm was take over by Koluthara Exports Pvt Ltd. in 1990.
1991 - Koluthara Exports Private Limited was converted into a public limited company with equity participation of Marine Products Export Development Authority and Kerala State Industrial Development Corporation
1993 - The company has been categorised under the `A' List by the United States Food and Drug Administration (USFDA) for importing sea food products into the US as a result of consistent supply of quality seafoods under the strict monitoring of its in-house full-fledged quality assurance and research and development wing.
1994 - The company undertook a substantial expansion/modernisation programme through the installation of additional freezing unit, pre-processing unit, etc.
1995 - During the year, the company faced with certain problems due to the incidence of plague in Surat in September '94, which resulted in stringent quality checks by European an American buyers leading to slowing down of exports.
With a view of diversifying the activities, the company decided to enter into aquaculture farming for which 200 acres of land were acquired in Nagapattinam district of Tamil Nadu.
1999 - The company informed that it had become sick company u/s 15 of SICA. It had applied to the BIFR.
2000 - The company became a sick company and was accordingly registered with BIFR vide Regn. No. 332/99. The company is in process of submitting rehabilitation scheme to BIFR.
Declared as a sick industrial unit by the Board for Industrial & Financial Reconstruction (BIFR), the company submitted an appeal before the Appellate Authority for Industrial and Financial Reconstruction (AAIFR), New Delhi whichwas pending. Simultaneously, it filed a fresh reference before the BIFR as per its financial position on March 31, 2004, which was registered.
But as on March 3,2009 Koluthara Exports informed BSE that the company is a sick unit registered with the BIFR, New Delhi and presently awaiting the winding up orders, since there is no operation or generation of funds on company's own. There are hardly any funds with the company for even for the day to day needs at the minimal level.