What we do ABS Marine Services Ltd operates in ship owning, ship management, crew management, and port services, serving oil & gas, ports, and government sectors in India. |
Founded in 1,992 |
Market share Leading player in offshore vessel services and marine management with government and private sector clientele. |
Problem solved Provides specialized offshore vessel management and crew services addressing needs of oil & gas exploration and port operations. |
Top clients or who we serve Customers include Government of India, ONGC, port authorities, public and private sectors; focus is B2B. |
Key management Capt. P B Narayanan, Chairman and Managing Director, founder with deep shipping industry expertise. |
Our journey and innovations Founded in 1992, milestones include building advanced offshore vessels, IPO listing in 2024, and digital platforms for fleet monitoring. |
Where we operate Operations focused in India with owned and managed vessels serving domestic offshore and port sectors. |
Top products or what we offer Fleet of offshore supply vessels, harbor crafts, dive support vessels; comprehensive ship and crew management services. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from ship management contracts, charter agreements, and government tenders. |
Our industry position Recognized for advanced offshore vessels and comprehensive marine services with strong government contracts. |
Financial highlights FY 2024-25 revenue Rs 179.85 crore; net profit Rs 27.14 crore; profit growth amid stagnant market conditions. |
Geographical revenue split Entire revenue is generated from the domestic Indian market. |
Order book Contracts include multi-year agreements with ONGC worth over Rs 300 crore and port authorities contracts worth Rs 17 crores. |
Whats driving growth Fleet expansion, government contracts, digital compliance and monitoring innovation, and IPO capital infusion. |
Our future plans Plans to acquire additional vessels funded by IPO proceeds and debt to expand offshore supply capabilities. |
Our green promise - |
Our people and values Committed team culture led by experienced maritime professionals focusing on safety and operational excellence. |
Key challenges ahead Market volatility, capital-intensive fleet acquisitions, regulatory compliance, and maintaining long-term contracts. |
Interesting facts Shares oversubscribed 130 times at IPO; manages a technologically advanced fleet including DP2 offshore vessels. |
Risks and strategy Mitigates operational risks with advanced vessels and diversified contracts; growth pursued via capital expansion and digital tools. |
