The Karnataka Fisheries Development Corporation Limited, a Govt. of Karnataka undertaking was established on 30.10.1970 under the Companies Act 1956(CIN NO: U85110KA2004SGC001959) for the development of Fisheries Sector and the welfare of fishermen. This Corporation is the oldest fisheries Corporation in the country and is pioneer in establishing cold chain, marketing of marine fish in the inland cities and towns of Karnataka. It has also exported fish and prawns to other countries. The other activities of the Corporation include Construction of Hygienic Fish Markets, Air Conditioned Fish Retail Outlets and Matsyadarshini Sea Food Restaurants, Purse-Siene Markteing, Supply of Subsidized Diesel to Mechanised Fishing Boats, Establishment of Ice and Cold Storages and Modern Sea Food Processing Plants, Establishment of Fish Meal and Oil Plants and Implementation of State and Central Govt. projects to develop infrastructure in fisheries sector.  The Corporation is also nodal agency for implementation of Matsyashraya housing scheme for poor fishermen in Karnataka.


  • Opening of Modern Integrated Fish Kiosks under one-roof-concept in major cities of the State to provide quality fish & fishery products, ornamental fish and accessories and fish restaurants to serve customers at most competitive price.
  • Provision of cold store and transport logistics to ensure consistently excellent quality fish reaches consumers.
  • Marketing of chilled and frozen fish & fishery products with emphasis on hygiene and freshness by establishing modern cold chain. Marketing of purse-seine catches. So as to provide fair price to the fishermen
  • Provide ice, diesel and fishery requisites to fishermen at reasonable prices.
  • Production of fish meal and oil to utilize the surplus catches.
  • Marketing of Ornamental fish, Aquarium and Accessories.
  • Nodal Agency for implementation of state Matsyasharaya scheme
  • Recognized as Nodal Agency of NFDB for construction of Modern Hygienic fish Market in Karnataka.


The affairs of the Corporation are being managed by the Board of Directors. The Board consists of 15 members and of which 5 are official directors and the remaining 10 are non official directors including chairman, nominated by the Govt. of Karnataka. The chief executive of the Corporation is the Managing Director in the rank of joint director of fisheries deputed from the fisheries department of the Govt. The other 4 official directors includes, director of fisheries, finance department, deputy secretary, department of public enterprises and additional secretary animal husbandry and fisheries department.


The Share capital of the Corporation is Rs.20.00 crores and paid up share capital of Rs.17.84 crores which is completely held by Govt. of Karnataka.

COMPANY’S CSR policy intends to:

Strive for economic development that positively impacts the society at large with a minimal resource.

Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and the society, fishermen community in particular.


The Board of Directors of the Company shall ensure that in each financial year the Company spends at least 2% of the average net profit made during the three immediately preceding financial years. 

In case of any surplus arising out of CSR projects the same shall not form part of business profits of the Company. 

As per section-135 of the Companies Act, 2013 (“the Act”), the Company will report in its annual report to the shareholders of the company, reasons, if any, for under spending the allocated CSR Budget in any of the financial year.


This CSR Policy of the Company has been approved by the Board of Directors and shall remain in force until modified by the Board. 

The CSR policy will be maintained by the CSR Committee of the Board of Directors and reviewed by the Board of Directors at periodic intervals.


KFDC recognizes that ensuring lasting impact will require our CSR programmes to leverage our existing strengths, work with communities and where possible facilitate new ways of delivering services to address the most pressing social challenges.

The focus area will include:

  1. Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water;
  2.  Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects:
  3.  Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
  4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry, conservation of natural resources and maintaining quality of soil, air and water.
  5.  Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts
    • Any activity related to the above.
  6.  Measures for the benefit of armed forces veterans, war widows and their dependents
    • Any activity related to the above
  7. Training to promote rural sports, nationally recognised sports, paralympic sports and Olympic sports
    • Any activity related to the above
  8.  Contribution to prime minister’s national relief fund or any other fund set up by the Central Government or State Government for socioeconomic development and relief and funds for the welfare of the 5 Scheduled Castes, Scheduled Tribes and other backward classes, minorities and women.
    • Any activity related to the above.
  9.  Contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
    • Any activity related to the above.

  11.  Rural development projects
  12.  Any other activity as notified or included in Schedule VII.


Major CSR activities and achievements will form part of Director`s Report in the Annual Report of the Corporation and also in any other statutory or other regulatory requirements. Format for the annual report on CSR activities to be included in the Board’s report will be as per Annexure-V.


  • Ensure that during every financial year, funds committed by the Company for CSR activities are utilized effectively and will monitor implementation regularly. 
  • Disclose in its Annual Report names of the CSR Committee members, contents of the CSR policy and ensure annual reporting of its CSR activities on the Company website and the Director’s Report.
  • Ensure annual reporting of CSR policy to the Ministry of Corporate affairs of India, as per the prescribed format


Composition of the CSR committee:


Name of the Member



Director of Fisheries

Chairman of the Committee


Director representing finance
Department of Govt. of Karnataka



Director representing DPE



Managing Director KFDC



Responsibility of the CSR committee:

  • Formulate the CSR policy and identify activities to be undertaken as per Schedule VII of the Companies Act 2013.
  • Recommend CSR policy to the Board for its approval
  • Recommend the CSR expenditure to be incurred.
  • Regularly monitor the implementation of the CSR policy
  • Change/modify the CSR policy as per requirement.


  • The Managing Director of the Company is authorized by the CSR Committee and the Board to do all such activities and deeds as may be necessary to give effect to the decision of the Board regarding CSR activities and its implementation.


This CSR policy approved by the Board of the Company shall be placed on the website of the company i.e., www.kfdcfish.com.