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Issue Date:30 July 2017     Price in Rs. R 6500    Price in USD. $ 100

Cochin, Kerala based Akay Flavours & Aromatics ( is an exporter of spices. The company was incorporated in 1993, and started business in 1995. The company’s name reflects the initials of the founder Alex Koshy.


The company has 4 business divisions – Oleoresins and Essential oils, Spices, Spiceuticals and Spicerich. The latter two are value added businesses. In Spiceuticals for example, the compay is using a research-led approach to unlock the nutritional secrets of spices and provide a new generation of functional spice ingredients.


The company has 9 directors – Balu Paulose Maliakel (managing director), Alex Koshy (founder), Rincy Tibby, Sen Mathew Andrews, Balakrishnan Velayudhan Nair Korattiyil, Martin Philippe Bernard Lemoine, Tibby Koshy Mathews, Anandarajan Shibu, Emmanuel Nambusseril Thomas.


For the year ended Mar’16, the company reported standalone revenue of INR 2.3B (~USD 36m) and net profit of INR 90m (USD 1.4m).

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
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