WELCOME TO FORTUNE AQUACULTURE PRIVATE LIMITED
Fortune Aquaculture is committed to redefining the future of fisheries in India through innovation, sustainability, and empowerment. With exclusive access to vast water resources and a state-of-the-art hatchery, we offer end-to-end aquaculture solutions tailored to meet domestic and global demand. As we restructure and rebuild, our focus remains steadfast—delivering excellence, empowering communities, and preserving ecosystems.
Fortune Aquaculture Pvt. Ltd. holds operational rights to over 10,000+ hectares of water spread area across four strategically located reservoirs and 96 additional water bodies ranging from 2 to 7 hectares each in Central India. We also operate a state-of-the-art hatchery facility spread across 37 acres near the Itiadoh Reservoir, Gondia district, Maharashtra, leased for a 15-year period from the Department of Fisheries, Maharashtra. This exclusive operational agreement has enabled us to focus on high-quality hatchling production and research.
Our mission is to accelerate the growth of India’s aquaculture industry by integrating advanced technology, targeting global export markets, and driving both local and foreign investments. We are committed to operating with integrity and transparency while supporting a sustainable, scalable, and inclusive fisheries sector.
We aim to foster a healthy aquatic ecosystem by working closely with fishing communities, government institutions, and NGOs to design and implement systemic solutions to sector-wide challenges.
To be an internationally trusted name in sustainable aquaculture, delivering quality aquatic food to global markets while enhancing livelihoods and protecting our environment. We strive to make fisheries economically viable, socially inclusive, and ecologically sound.
Fortune Aquaculture Pvt. Ltd. is one of Central India’s key players in freshwater cage culture farming. We are the region’s exclusive operator of a 37-acre hatchery facility, producing and supplying high-quality fish hatchlings and fingerlings to government bodies, cooperative fish societies, and open markets.
Our focus is on delivering end-to-end aquaculture solutions—from hatchery to harvest—by enabling local communities with technology, training, and resources.
- Achieve 30,000 metric tons of fish production annually in the mid-term.
- Expand cage farming operations up to 10,000 active cages.
- Commission a 35-MT/day capacity fish feed mill.
- Set up a 5-MT/day fish processing facility.
- Establish partnerships for the export of processed fish.
- To successfully introduce prawn’s cultivation in Cage Culture, for which our research is ongoing at our Itiadoh Hatchery Research Center.
Note: Strategic goals are under review as part of our company’s restructuring process.
- Introduce innovative, sustainable fish farming practices.
- Invest in R&D to improve per-hectare yield and reduce mortality.
- Empower rural communities by offering training and employment.
- Evolve as a one-stop aquaculture solution provider.
- Control over 10,000+ hectares of water bodies, including reservoirs and ponds.
- Exclusive access to a 37-acre hatchery with a capacity of 25 crore hatchlings per cycle.
- Strategic locations with year-round favorable climates for aquaculture.
- Experienced, technically skilled workforce.
While we previously operated 2,000 cages across 10,662 hectares with an output of 11,000 MT/year, the business faced severe disruptions in 2020 due to natural calamities. A major flood event caused extensive infrastructure and livestock losses, severely affecting our production. Claims for damages are under review with the relevant authorities.
Currently, operations are scaled down to minimal levels. The company is in the process of a comprehensive restructuring, with a renewed focus on risk management, sustainability, and long-term growth.
India stands at a transformative juncture in aquaculture. With over 7,500 km of coastline, abundant inland water resources, and a rapidly growing population, the country is uniquely positioned to become a global aquaculture powerhouse. The Indian aquaculture sector is witnessing steady growth driven by rising protein demand, government support, and technological advancements.
Key trends shaping the future:
- Government initiatives like PMMSY and Blue Revolution are fueling investment and infrastructure development.
- The expansion of cage culture, recirculatory aquaculture systems (RAS), and biofloc technologies is improving efficiency.
- Export demand for Indian seafood is increasing, especially in the Middle East, Europe, and Southeast Asia.
- Sustainable aquaculture practices are becoming a priority to ensure long-term ecological balance.
Fortune Aquaculture is aligned with these national objectives and is actively collaborating with NFDB, MPEDA, CMFRI, and MFDC to promote responsible aquaculture. We are also establishing a dedicated Training & Research Institute in Bhandara district to upskill farmers and introduce best practices in fisheries.
Fortune Aquaculture is guided by a professional management team and governed by a dynamic board of directors. Our leadership ensures adherence to regulatory compliance, transparency, and strategic vision. We are currently led by experienced professionals with backgrounds in finance, aquaculture, and sustainable development.
Mr. Pravin Prakash Salvi has been an integral part of Fortune Aquaculture since February 2020. With over 22 years of experience across Finance, Marketing, and IT, he brings a holistic and strategic perspective to the company’s management and restructuring efforts.