Incorporated as a 100% EOU in Oct.'91, Suvarna Aqua Farm & Exports (SAFE) commenced business in Dec.'91. Promoted by A Ramesh, MMTC and Marine Products Export Development Authority, it is currently managed by managing director Anne Ramesh. In Dec.'93, the company came out with an Rs 8.56-cr public issue of 85.6 lac equity shares at par, to part-finance setting up an integrated aquaculture project in Kavali, Andhra Pradesh, and to meet working capital requirements, totalling Rs 38.3 cr. The company is into integrated shrimp aquaculture, consisting of shrimp farms, a hatchery, a feed mill and a processing plant, producing shrimps, prawn fry and feed. It notched up an export turnover of around Rs 14.70 cr in 1995-96 through exports to Japan and Singapore. The company has a marketing arrangement with Asia Pacific Seafoods, Singapore, which will buy all its products. SAFE has collaborated with Gold Coin Singapore, to set up a feed mill.