Akay Natural Ingredients Private Limited
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Akay Natural Ingredients Private Limited - overview
Established
1995
Location
Cochin, Kerala, India
Primary Industry
Food
About
Akay Natural Ingredients Private Limited is a manufacturer and supplier of premium natural ingredients, specializing in oleoresins, spice extracts, and essential oils for the food, cosmetics, and nutraceutical industries. Founded in 1995 in Cochin, India, Akay Natural Ingredients Private Limited specializes in natural ingredient solutions. The firm has received funding through its latest round, an Add-on round in July 2022, led by Oterra Group, raising USD 150. 00 mn.
The company has been involved in one notable deal to date. Akay Natural Ingredients Private Limited specializes in manufacturing and supplying high-quality natural ingredients, including oleoresins, spice extracts, natural colors, essential oils, and nutraceutical ingredients. Their products cater to a broad array of applications, providing flavor for food products and fragrances for personal care items. The company’s offerings include exclusive spices such as turmeric, black pepper, and ginger, which undergo rigorous processing to ensure premium quality.
Akay serves clients in over 40 countries, delivering ingredients primarily to businesses that produce finished consumer goods, including food manufacturers, cosmetics companies, and nutraceutical firms, focusing on key markets like North America, Europe, and parts of Asia. In 2022, Akay Natural Ingredients reported a revenue of USD 79. 70 mn and an EBITDA of USD 12. 53 mn.
The company's revenue is generated through B2B transactions, emphasizing partnerships and wholesale distribution, with clients purchasing bulk quantities tailored to their production needs. Following the acquisition by Oterra Group in July 2022, Akay aims to enhance its product pipeline and access to the natural colors market. The recent funding will support the development of new products and expand into new geographic regions. Akay plans to leverage Oterra's strong R&D capabilities to innovate and launch additional offerings, targeting growth in health-conscious markets across North America and Europe.
Current Investors
Oterra Group
Primary Industry
Food
Sub Industries
Other Food Products
Website
www.akay-group.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Akay Natural Ingredients Private Limited - timeline of key events
Akay Natural Ingredients Private Limited - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,393,954,357.5 | - | 2,260,648,512 | 2,695,577,169 | 3,433,998,130 | 3,573,980,726 | 3,455,016,992 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 19.2% | 27.4% | 4.1% | (3.3%) | - | - | - |
| EBITDA (USD) | 173,940,173.5 | 151,800,839 | 122,737,690 | 220,543,712 | 339,760,483 | 405,112,811 | 502,534,386 | - | - | - |
| Operating Income (USD) | 155,008,038.7 | 127,785,387 | 82,995,766 | 178,463,488 | 292,225,353 | 357,712,619 | 449,810,703 | - | - | - |
| Operating Margin | 11.1% | - | 3.7% | 6.6% | 8.5% | 10.0% | 13.0% | - | - | - |
| % EBITDA Margin | 12.5% | - | 5.4% | 8.2% | 9.9% | 11.3% | 14.5% | - | - | - |
| NET Income (USD) | 79,202,965.2 | 65,979,070 | 159,745 | 62,664,349 | 126,957,758 | 158,966,653 | 244,958,481 | - | - | - |
| % Net Margin | 5.7% | - | 0.0% | 2.3% | 3.7% | 4.4% | 7.1% | - | - | - |
Akay Natural Ingredients Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Akay Natural Ingredients Private Limited | - |
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Akay Natural Ingredients Private Limited - employee data
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