The company has set up an aqua culture farm at Ankalapatur village, in Nellore district of Andra Pradesh to cultivate Black Tiger variety (P.Monodon) as an 100% export oriented unit. The farm has 64 ponds in total. An inhouse hatchery for captive consumption with an installed capacity of 40 millions seed per annum is also included in the project. The company is promoted by Mr.B N Murthy, C R Peddineni, G Venkateswar Rao, and G S Ramachandra Rao. The hatchery has started commercial operation in June 1995.
- Company name has been changed from Vijaya Shrimp Farms & Exports Ltd to VSF Projects Ltd.