What we do Garden Reach Shipbuilders & Engineers Limited is a premier Indian public sector company specialized in building warships and various vessels for the Indian Navy, Coast Guard, and global clients. |
Founded in 1,934 |
Market share A leading Indian shipbuilder with a strong market share in naval warships and export of defense vessels, known for high indigenous content and technological innovation. |
Problem solved Provides advanced, reliable, and indigenous warships, patrol vessels, and steel bridges to strengthen naval defense and maritime infrastructure. |
Top clients or who we serve Indian Navy, Indian Coast Guard, Border Roads Organisation, foreign governments in SAARC, ASEAN, African, and Latin American countries; B2G primarily. |
Key management Chairman & Managing Director: Cmde P R Hari, IN (Retd.) with extensive naval and leadership experience. |
Our journey and innovations Pioneer in India for warship construction since 1961, first to integrate carbon composite superstructures, developed zero-emission electric ferries, and first warship exporter. |
Where we operate Operations primarily in India with export markets in Mauritius, Seychelles, Bangladesh, Germany, Guyana and other friendly countries. |
Top products or what we offer Warships including frigates, corvettes, patrol vessels, modular steel bridges, marine engines, autonomous surface vessels, and green energy ferries. |
Top brands P17A Frigate (90% indigenous), Survey Vessel Large, ASW Corvette INS Kamorta, Electric Ferry (largest zero-emission in India), MPV CORAL 7500 (export). |
Raw materials needed Steel, marine-grade components, marine engines, composite materials, marine pumps, and electronics for ships and bridges. |
Raw materials supplier Indigenous and international suppliers including partnerships with MTU and other defense vendors. |
Recurring vs cyclical contribution Revenue largely project-based (shipbuilding contracts) with recurring service and maintenance contracts contributing steadily. |
Our industry position Top government shipbuilder with Mini Ratna Category I status, recognized for excellence and export capabilities in shipbuilding sector. |
Financial highlights FY 2024-25 Revenue Rs. 5076 Cr (+41% YoY), Profit after tax Rs. 527 Cr (+48%), strong EBITDA and net worth increase. |
Geographical revenue split Majority revenue from Indian defense contracts; export revenue from Mauritius, Bangladesh, Germany, Seychelles, Guyana, Nepal, Bhutan. |
Order book Robust order book of Rs. 22,681 Cr including 40 vessels across multiple naval and commercial projects. |
Whats driving growth Strong defense procurement, export expansion, green energy vessels, autonomous technology development, infrastructure upgrades. |
Our future plans Expansion with a new greenfield shipyard by 2028, increased exports, commercial shipbuilding diversification, and technological modernizations. |
Our green promise Developing electric and hydrogen fuel ferries, hybrid tugs, rooftop solar plants totaling 2.8 MW capacity, and green ship technologies. |
Our people and values 1690 employees with focus on innovation, training, diversity, safety, inclusive hiring with support for women and PWDs. |
Key challenges ahead Competition from private shipbuilders, technological complexity, regulatory delays, and maintaining high indigenous content amid global supply challenges. |
Interesting facts First Indian shipyard to export warships; over 100 warships delivered with >90% indigenous content on recent projects. |
Risks and strategy Mitigating risks via innovation, strategic MoUs, vendor development, and diversification into commercial shipbuilding. |
