Scanet Exports was incorporated on August 4, 1994 and went public on September 20, 1995. It was earlier known as Scanet Acqua Exports, it acquired its present name on November 1, 1996.
The company has been promoted by Y Krishna Reddy and Y Meera Reddy and other associates, with the object of setting up a scampy farm and hatchery and tiger shrimp hatchery. The promoters have experience in the field of aquaculture. The promoters were carrying merchandise exports of aqua products in the name of Coastal Sea Foods.
The company is located in the Nellore district of Andhra Pradesh, the scampy farm processed lobsters, snails, sting ray, crabs and other marine products. However, in the financial year 2007, the company sold its land in the MGR district of Tamil Nadu to settle dues with the bank, which has reduced the high interest cost burden and also written off accumulated losses.
The registered office of the company is located at No. 4, Jayalakshmipuram, 1st Street, Nungambakkam, Chennai 600034, Tamil Nadu.
Business area of the company
The company is engaged in the processing, sale and export of marine products.