Mukka Proteins Acquires FABBCO for ₹5.95 Crore, Expands Portfolio

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26 Aug, 2025 12:21

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Mukka Proteins Limited (MPL) announced the completion of its acquisition of a 51% stake in FABBCO Bio Cycle and Bio Protein Technology Private Limited (FABBCO) for approximately ₹5.95 crore. This move aims to strengthen MPL's sustainable alternative protein segment and expand its waste-processing model into new metropolitan markets.

The acquisition integrates FABBCO's waste-to-protein technology, which utilizes the Black Soldier Fly (BSF) larvae method. This system converts organic waste into nutrient-rich compost and high-quality protein for animal feed, aligning with MPL's vision of expanding its sustainable feed portfolio.

Mr. K Mohammed Haris, Managing Director & CEO of Mukka Proteins Limited, stated that this acquisition is a pivotal step in their long-term strategy, enabling them to deploy their capabilities immediately. He noted the new 300 tons per day facility in Bengaluru, operationalized under a contract with Bruhat Bengaluru Mahanagara Palike (BBMP), as a testament to their joint capacity to tackle urban waste management. MPL now operates approximately 500 tons per day of waste management capacity using BSF Technology across multiple locations.

The acquisition is also aligned with the United Nations Sustainable Development Goals (SDGs), particularly Goal 12 (Responsible Consumption and Production) and Goal 14 (Life Below Water), by reducing the industry's reliance on marine-based feed ingredients and transforming urban waste streams into essential agricultural inputs.

The acquisition creates synergies that position Mukka Proteins as a leader in the sustainable feed sector:

• Enhanced Portfolio: The integration of FABBCO with MPL's existing insect protein subsidiary, Ento Proteins, creates a diversified alternative protein vertical.
• Strategic Advantage from Kochi Operations: FABBCO's established 100 TPD waste management unit in Kochi serves as a proof of concept, with its team's proficiency playing a pivotal role in MPL's rapid expansion.
• Circular Economy Innovation: FABBCO's expertise in converting waste into high-value feed provides MPL with a scalable, environmentally positive source of raw materials and enhances MPL's ESG profile.
• Reduced Dependency: By developing a strong alternative protein source, MPL mitigates risks and builds resilience into its supply chain.

The transaction was formally completed on September 02, 2025, from which date FABBCO officially operates as a subsidiary of Mukka Proteins Limited.

Mukka Proteins distributes its products within the domestic market and exports them to more than 20 countries. With its subsidiary Ento Proteins, MPL is expanding its focus to include large-scale urban waste management and a wide array of agri-business activities, reinforcing its commitment to sustainability and a circular economy.

Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. Past performance should not be simply extrapolated into the future. These statements are subject to risks and uncertainties, and actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include a downtrend in the industry (global or domestic or both), significant changes in the political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.