Business
ABAD Group targets Rs 3,000 crore turnover
The Hindu BusinessLine··3d ago
Kerala-based ABAD Group aims to raise turnover from ₹1,500 crore to ₹3,000 crore over the next three years. Chairman Anwar Hussain said the group unveiled a unified identity and is exploring an IPO within three years. ABAD Fisheries runs 14 factories with 300 tonnes daily capacity. Hospitality has more than 500 rooms across 16 properties and plans 1,000 rooms.
Prism
What It Means For You
- The group is preparing an IPO window within the next three years, Hussain told reporters.
- Expansion plans focus on South Indian markets across seafood, retail, hospitality and real estate.
- ABAD Builders has five residential projects under development in luxury segments in Kerala.
What's Happening
- ABAD announced a new brand architecture covering its diversified businesses.
- Fisheries cold storage capacity stands at 25,000 tonnes across South India factories.
- The hospitality arm plans to double room inventory from more than 500 to 1,000 rooms.
From Shrimp Exports To Conglomerate
- ABAD was founded in Kochi in 1931 with sun-dried shrimp exports.
- Businesses now include frozen foods, Ayurveda, real estate, interiors and property management.
- ABAD Builders, described as Kerala’s first CRISIL-rated developer, has delivered 49 projects since 1995.
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