Ocean Asiatic Private Limited is a dynamic company based in Ahmedabad, Gujarat, India, combining expertise in metals recycling and agro-based products. Established in 2017, it has quickly diversified its offerings from aluminum scrap and ingots to dry fruits, nuts, pulses and spices while focusing on quality, transparency, and customer satisfaction. Led by directors Bhavik Jagadish Bhai Patel and Renishkumar Vrujlal Rakholiya, the company operates with a hands-on approach, continually expanding its infrastructure and market reach.
Company Background and Leadership
Founding and Registration Details
Ocean Asiatic Pvt Ltd was formally incorporated on November 10, 2017, in Ahmedabad under the CIN U74999GJ2017PTC099756.
Leadership Team
Since its inception, the company has been led by two directors Bhavik Jagadish Bhai Patel and Renishkumar Vrujlal Rakholiya who provide strategic direction and operational oversight.
Core Business Segments
Metals and Recycling
Ocean Asiatic began its operations supplying various forms of aluminum scrap and quickly expanded into manufacturing secondary aluminum ingots including ADC12 and LM26 grades for industrial use.
Agro Products and Food Commodities
Alongside metal operations, the firm has built a strong agro division. Since 2012, it has been actively manufacturing and exporting spices, dry fruits (such as raw cashews), and importing pulses from Africa, Indonesia, and Cambodia.
Vision, Mission, and Quality Assurance
Commitment to Quality and Transparency
The company positions itself as a supplier of genuine, quality products, with transparent business practices that foster trust among customers and suppliers.
Customer-Centric Mission
Ocean Asiatic’s mission revolves around fulfilling client expectations through reliable supply chains, timely deliveries, and competitive pricing. Their strong customer retention rate reflects the success of this approach.
Operational Strengths
Robust Infrastructure and Team
The company’s Ahmedabad facility houses departments covering research & development, procurement, processing, packaging, and logistics.
Diverse Distribution Network
Ocean Asiatic distributes products both domestically and internationally via road, air, sea, and cargo channels.
Financial Performance and Compliance
Annual Turnover and Recognition
The company’s annual revenue ranges between ₹5 to ₹25 crore, and it earned recognition as part of the India 5000 Best MSME Awards in 2019.
Recent Decline in Financial Metrics
According to recent filings, fiscal year 2023 saw a significant drop in performance, including a 77% revenue decline, 61% reduction in profit, and 60% fall in net worth compared to the previous year.
Legal and Regulatory Compliance
Ocean Asiatic holds GST and IEC registrations, with banking relationships maintained through ICICI Bank.
Product Portfolio
Metals and Engineering Materials
- Aluminum scrap, ingots, notch bars, cubes
- Secondary aluminum ingots (ADC12 and LM26)
- High-purity aluminum powder suitable for industrial use
Agro-based Commodities
- Raw cashew nuts and cashew husk
- Spices and dry fruits
- Imported pulses from global sources
Market Reach and Client Base
Domestic Presence
The company serves clients across India with a well-equipped warehouse and logistical setup.
Global Partnerships
With export ties in Asia, Africa, and Europe especially for pulses and dry fruits Ocean Asiatic taps into global supply chains rooted in regions like Africa, Indonesia and Cambodia.
Challenges and Growth Opportunities
Addressing Recent Setbacks
The steep financial decline suggests challenges in market demand, pricing, or operational efficiency. To drive recovery, increasing product diversification, strengthening distribution, and optimizing pricing strategies may be essential.
Pathways for Future Growth
Leveraging its dual expertise in metals and agro products, the company has opportunities to expand export markets, pursue certifications (e.g., food safety), and scale up production capacities particularly in aluminum recycling and food processing.
Ocean Asiatic Private Limited is a multifaceted and growing enterprise led by experienced directors, offering metals recycling products and agro commodities across domestic and export markets. While recent performance dips highlight the competitive challenges, the company’s infrastructure, diversified portfolio, and strategic leadership provide a solid base for recovery. With renewed focus on financial health, compliance, and market expansion, Ocean Asiatic is positioned to strengthen its role within India’s trade and industrial sectors.
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