Incorporated in 1993 for setting up a 100% export-oriented semi-intensive aqua culture unit with a hatchery, Sea Gold Aqua Farms is promoted by K Sudheer and his associates. The shrimp farm is located at Korlam Village in Andhra Pradesh. The company has a technical collaboration for hatchery with Samurai Techno Trading Pvt Ltd of Kings group and also a 100% buy-back arrangement with King Fisheries, one of the co-promoters. Being a 100% EOU, the company has good prospects in exporting its prawn to the foreign countries. The demand for prawn is increasing day by day all over the world. The company went to public in Mar.'95 with a public issue of 30 lacs equity shares of Rs 10 each for cash at par aggregating to Rs 300 lacs.