Mangroves are unique ecosystems in the coastal tropical and subtropical regions of the Earth. The fluctuation in salinity due to tidal action results in a prolific population of adhered halophilic and halotolerant bacteria in this ecosystem. In this study, a pigment producing adhered bacterial strain Halobacillus trueperi MXM-16 was isolated from mangrove plant litter of Goa. This strain was moderately halophilic, Gram positive rod, catalase positive and capable of utilizing sodium benzoate as a source of carbon. H. trueperi MXM-16, produced a siderophore that was hydroxamate in nature. The non-diffusible yellow pigment was a carotenoid and HPLC studies revealed a peak that was indicative of astaxanthin as one of the component. Further studies on the pigment exhibited its ability to chelate iron from the chrome azurol sulphonate medium behaving as an additional mechanism for iron acquisition.