What we do Shipping Corporation of India Land and Assets Ltd holds and manages non-core real estate assets of SCI and operates the Maritime Training Institute to train maritime professionals. |
Founded in 2,021 |
Market share Key government-owned entity controlling significant maritime-related real estate and training assets in India. |
Problem solved Manages SCI's non-core assets distinctly while offering maritime education to address skilled workforce needs globally. |
Top clients or who we serve Government entities, maritime industry professionals, shipping companies, and students seeking maritime training. |
Key management Capt. Binesh Kumar Tyagi (Chairman and Managing Director), Ms. Laxmi Kamath (CFO), Shri Mohammad Firoz (Company Secretary). |
Our journey and innovations Incorporated in 2021, demerged SCI's non-core assets in 2023, expanded into maritime training collaboration in 2024, and listed in 2024. |
Where we operate India, primarily Mumbai and Kolkata, focusing on maritime training and property management sectors. |
Top products or what we offer Real estate leasing of properties, maritime training courses including pre-sea, post-sea, and value-added modules. |
Top brands Maritime Training Institute (MTI) Powai - ISO 9001:2015 certified, flagship maritime education brand. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from leasing and maritime training services, with stable recurring rental income and cyclical training enrollments. |
Our industry position Leading government maritime real estate holder and prominent maritime training institute in India. |
Financial highlights FY 2024-25 revenue of Rs 183 crore; profit before tax Rs 65 crore; net loss Rs 189 crore due to tax adjustments. |
Geographical revenue split Mainly from Indian operations centered in Mumbai and Kolkata. |
Order book - |
Whats driving growth Demerger realization, maritime training demand increase, and strategic redevelopment opportunities. |
Our future plans Redevelopment of Malad property, upgrading MTI infrastructure and extending maritime training course offerings. |
Our green promise Installed solar power at MTI, LED lighting upgrades, promoting sustainable energy and green building practices. |
Our people and values No direct employees; operations managed via SCI; emphasis on ethical governance and inclusive maritime education. |
Key challenges ahead Regulatory complexities, legacy asset maintenance, infrastructure upgrades, and need for board compliance improvements. |
Interesting facts MTI rated A1 Outstanding by DG Shipping; MOUs with IIT Mumbai; visited by IMO Secretary General. |
Risks and strategy Mitigating tax liability impact, legal transfer of assets, improving governance structures, and infrastructure modernization. |
