What we do Mazagon Dock Shipbuilders Limited (MDL) is a premier Indian public sector shipyard specializing in building warships, submarines, merchant vessels, and offshore platforms for defense and commercial customers. |
Founded in 1,934 |
Market share Leading defense shipbuilder in India with exclusive capabilities in destroyers and conventional submarines; Navratna status indicates top-tier PSU in the country. |
Problem solved Provides indigenous high-tech naval vessels to enhance national security and reduce dependency on foreign suppliers in defense maritime capabilities. |
Top clients or who we serve Indian Navy, Indian Coast Guard, Oil & Natural Gas Corporation (ONGC), and international customers; primarily B2G with emerging B2B exports. |
Key management Capt. Jagmohan (Retd.) - Chairman & Managing Director; Shri Ruchir Agrawal - Director (Finance); Shri Biju George - Director (Shipbuilding). |
Our journey and innovations Founded in 1934, MDL delivered India's first indigenous frigate in 1972 and submarine in 1992, pioneered stealth frigates, Scorpene submarines, and AI-enabled naval technologies. |
Where we operate Operations primarily in India; active export marketing in Africa, Middle East, Southeast Asia, and Europe. |
Top products or what we offer Destroyers (Project 15B), Stealth Frigates (Project 17A), Scorpene Class Submarines (Project 75), offshore platforms, patrol vessels, and multi-purpose ships. |
Top brands INS Nilgiri, INS Surat, INS Vaghsheer, INS Imphal, Scorpene submarines, Kolkata Class Destroyers, Fuel Cell Electric Vessel (FCEV) - India's fastest solar-electric boat. |
Raw materials needed Steel, propulsion systems, electronic warfare components, sensors, weapons systems, specialty alloys, and advanced composites. |
Raw materials supplier Domestic and international vendors including Indian MSMEs, Naval Group (France), and indigenous suppliers. |
Recurring vs cyclical contribution Revenue largely project-based but exhibits steady recurring income from defense contracts, refits, and maintenance services. |
Our industry position India's leading defense shipyard with Navratna status; sole builder of destroyers and conventional submarines in India with robust export ambitions. |
Financial highlights FY 2024-25 revenue Rs 11,432 crore; profit after tax Rs 2,325 crore; 21%+ YoY revenue growth; zero debt; consistent dividend payer. |
Geographical revenue split Revenue mainly from Indian government defense contracts; emerging export markets in Africa, Middle East, and Southeast Asia. |
Order book Order book totals approx. Rs 28,000 crore including destroyers, frigates, submarines, coast guard vessels, and offshore projects. |
Whats driving growth Government defense modernization, Make in India initiative, platform modernization, increased export focus, innovation in AI and green technologies. |
Our future plans Infrastructure expansion at Nhava Yard, greenfield shipyard development, diversification into offshore projects, augmentation of submarine production capacity, and export market expansion. |
Our green promise Solar power installations, fuel cell-electric vessels, waste reduction initiatives, and sustainable shipbuilding practices. |
Our people and values Workforce of approx. 6,000 with focus on skill development, gender diversity promotion, inclusive culture, and employee welfare programs. |
Key challenges ahead Supply chain disruptions, technology integration complexity, dependence on government contracts, and need for continuous R&D investments. |
Interesting facts Only Indian shipyard with Navratna status; delivered 6 Scorpene submarines; pioneered India's first fuel cell electric vessel; tri-commissioned three naval assets in one ceremony. |
Risks and strategy Mitigates supply and technological risks through indigenization, strategic partnerships, and government backing; focused on quality and timely delivery. |
