What we do Marine Electricals (India) Ltd manufactures and supplies marine and industrial electrical components, including switch-gears and renewable energy solutions, serving marine and industrial sectors. |
Founded in 1,978 |
Market share Established leader in marine electrical solutions with growing presence in renewable energy and industrial automation sectors. |
Problem solved Provides integrated power systems and electrical solutions ensuring safety, efficiency, and system compatibility for vessels and industrial applications. |
Top clients or who we serve Marine vessels, industrial sectors; B2B clients including Indian Navy and global electrical partners like Schneider Electric, Siemens, and GE. |
Key management Vinay Krishna Uchil (Chairman & Executive Director), Venkatesh Krishnappa Uchil (Managing Director) |
Our journey and innovations Started in 1978; progressed from proprietary concern to listed public company; acquired subsidiaries expanding into EV charging and renewable energy. |
Where we operate India and international markets including UAE, Canada, and Italy through subsidiaries. |
Top products or what we offer Marine switch-gears, control-gears, solar power evacuation systems, low and medium voltage systems, industrial automation products. |
Top brands Marine Electricals' integrated power systems and solar solutions; partnerships with Schneider Electric, Siemens, GE. |
Raw materials needed Electrical components, metals, electronic parts, CNC-bent steel sheets, solar panels. |
Raw materials supplier Global electrical suppliers including Schneider Electric, Siemens, and GE. |
Recurring vs cyclical contribution Revenue mix includes recurring maintenance contracts and cyclical project-based sales. |
Our industry position Strong position as a preferred vendor for marine electrical systems with expanding industrial and renewable energy footprint. |
Financial highlights Revenue Rs. 767.1 crore; Net Profit Rs. 38.43 crore for FY 2024-25; consistent growth in revenue and profitability. |
Geographical revenue split Approximately 77% revenue from India and 23% from international markets. |
Order book Healthy order book with visibility from marine and industrial sectors. |
Whats driving growth Growth fueled by increased marine orders, industrial automation demand, renewable energy projects, and strategic acquisitions. |
Our future plans Expanding EV charging infrastructure, strategic acquisitions, enhancing solar and industrial automation offerings. |
Our green promise Committed to renewable energy solutions and environmental, health & safety certifications (ISO 14001, OHSAS 18001). |
Our people and values Fosters innovation and integrity with a diversified leadership team; maintains strong employee relations and governance. |
Key challenges ahead Managing supply chain risks, market fluctuations, and technological advancements in renewable energy and automation. |
Interesting facts First Indian company providing comprehensive marine electrical systems from design to after-sale support. |
Risks and strategy Mitigates market and operational risks via diversification, strategic acquisitions, and robust internal controls. |
