What we do Duke Offshore Ltd provides marine vessels and offshore services, including crew transfer and marine surveys, mainly serving the oil and gas sector. |
Founded in 1,985 |
Market share Established player with reputed clients like ONGC, Mazagaon Dock, and Shipping Corporation of India, focusing on near-shore marine services. |
Problem solved Offers specialized underwater inspections, vessel crew transfers, and offshore construction to support offshore oil and marine operations. |
Top clients or who we serve B2B clientele in oil & gas and maritime sectors including ONGC, BPCL Refinery, HPCL, and international firms. |
Key management - |
Our journey and innovations Started as underwater engineering firm, expanded into offshore structure fabrication, vessel acquisition, and recent diversification into shore-based infrastructure. |
Where we operate India-focused operations with some international ties through partnerships and vessel acquisition from Singapore. |
Top products or what we offer Crew transfer vessels, marine survey services, offshore construction, and proposed shore-based infrastructure projects in oil, gas, and water sectors. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is cyclical, tied closely to offshore exploration and marine service demand fluctuations. |
Our industry position Niche provider in near-shore marine services with strategic partnerships, adapting to market volatility by diversifying offerings. |
Financial highlights FY 2024-25 total income Rs. 73.67 lakhs; posted net loss of Rs. 2.2 crores after tax; facing industry headwinds. |
Geographical revenue split Primarily Indian revenue; previous foreign exchange earnings from marine services abroad were reported but zero in latest fiscal. |
Order book - |
Whats driving growth Diversification into shore infrastructure, strategic partnerships, and expanded fleet to capture near-shore marine opportunities. |
Our future plans Expanding into oil, gas, and water infrastructure segments; fleet enhancement and service diversification underway. |
Our green promise Fuel-saving initiatives on vessels and waste recycling contribute to environmental sustainability goals. |
Our people and values Stable leadership and board adherence to good governance; focus on operational excellence and regulatory compliance. |
Key challenges ahead Volatile oil prices, geopolitical risks, regulatory compliance delays, and maintaining operational efficiencies. |
Interesting facts Company began with diving services in 1985, shifted to vessel ownership and offshore engineering; partnerships with UK firms. |
Risks and strategy Mitigating market and operational risks through fleet maintenance, service diversification, and proactive compliance programs. |
