What we do Shipping Corporation of India Ltd is India's leading shipping company engaged in transporting bulk, crude oil, petroleum products, LNG, LPG, containers and offshore services. |
Founded in 1,950 |
Market share One of India's largest shipping firms by Indian flagged tonnage with significant presence in tankers, bulk carriers, liners and offshore segments. |
Problem solved Provides critical maritime logistics solutions ensuring efficient, safe and specialized transport of goods including energy commodities to support India's trade and energy security. |
Top clients or who we serve Serves government departments, PSUs, oil refineries, energy companies like ONGC, GAIL, Petronet LNG, and commercial shipping customers (B2B focus). |
Key management Capt. Binesh Kumar Tyagi, Chairman and Managing Director, brings strong leadership to the company. |
Our journey and innovations Founded in 1950, evolved through amalgamations, diversification into LNG, offshore, container services and shoreside subsidiaries and joint ventures with international partners in LNG. |
Where we operate Operations primarily in India, Singapore, and other countries with global shipping routes covering Asia, Middle East, Europe, Africa and North America. |
Top products or what we offer Bulk carriers, crude & product tankers, LNG & LPG carriers, container vessels, offshore supply vessels, and liner & passenger services. |
Top brands Flagship services include the India-Europe container route, LNG carrier JVs, and Coastal/ Inland Waterways subsidiary ICSL. |
Raw materials needed Steel and marine-grade materials for shipbuilding, fuel for vessel operations. |
Raw materials supplier Shipyards and fuel suppliers in India and internationally. |
Recurring vs cyclical contribution Revenue mix includes both recurring long-term charters and cyclical spot market earnings dependent on global trade volumes. |
Our industry position Market leader in Indian flagged shipping with Navratna PSU status, strong chartering presence and diverse fleet. |
Financial highlights FY25 revenue Rs. 5,605.83 crore; net profit Rs. 814 crore; consolidated profit Rs. 843 crore; robust balance sheet with Rs. 7,960 crore net worth. |
Geographical revenue split Majority revenue from India (Rs. 4140.49 crore), with significant earnings from Singapore (Rs. 746.68 crore) and other countries (Rs. 746.14 crore). |
Order book No new vessels on order as of FY25-end; ongoing acquisitions of second-hand VLGCs and offshore vessels. |
Whats driving growth Growing energy demand, increased LNG imports, robust coastal trade, strategic joint ventures and government infrastructure initiatives. |
Our future plans Fleet and tonnage acquisition, coastal service expansion, inland waterways development through subsidiary ICSL, enhanced LNG transport capacity. |
Our green promise Compliance with IMO environmental norms; energy-saving devices on ships; ballast water treatment; carbon intensity monitoring; biofuel trials. |
Our people and values 473 employees with diversity focus, continuous training, inclusion policies, and a strong safety and ethics culture. |
Key challenges ahead Geopolitical risks, fluctuating freight markets, manning shortages, regulatory compliance, competition from private players. |
Interesting facts India's only ship owner with Indian-flagged LNG carriers and a vast multi-segment fleet; active in inland waterways through ICSL. |
Risks and strategy Mitigates market volatility through fleet diversification and long-term charters; engages in strategic alliances; emphasizes technological upgrades and risk management. |
