What we do Seacoast Shipping Services Ltd offers integrated shipping, logistics, and freight forwarding services primarily handling dry bulk, container freight, and project cargo. |
Founded in 1,982 |
Market share Operates as a specialized international ship operator and logistics service provider with significant bulk cargo volume across Indian and global routes. |
Problem solved Provides seamless multimodal logistics solutions addressing exporters' and importers' needs, including handling over-dimensional and overweight cargo efficiently. |
Top clients or who we serve Serves exporters and importers mainly in dry bulk, agro and liquid cargo sectors; B2B customers in shipping and logistics industries. |
Key management Manishkumar Raichand Shah (Chairman cum Managing Director) with extensive expertise in shipping and logistics sectors. |
Our journey and innovations Started as freight forwarders in 2005, expanded into full logistics solutions by 2007, and operates modern dry bulk vessels since 2 years. |
Where we operate Primarily India-based operations with international shipping routes and freight forwarding services. |
Top products or what we offer Dry bulk logistics, container freight forwarding, inland road logistics, and project cargo transport across multimodal routes. |
Top brands Seacoast Shipping Services brand known for spot business in dry bulk logistics and container forwarding with 5 million metric tons annual cargo handling. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring from logistics and shipping contracts with spot market influences. |
Our industry position Organized sector player competing with unorganized operators, with growing footprint in bulk cargo and multimodal logistics. |
Financial highlights FY 2023 revenue of ₹429.58 crore with net profit ₹14.28 crore, significantly up from previous year; showing strong growth trajectory. |
Geographical revenue split - |
Order book - |
Whats driving growth Increased global trade demand, diversification into agro-products, and enhanced project cargo services fuel growth. |
Our future plans Capitalizing on agro-industry integration and expanding multimodal logistics capabilities for sustained scaling. |
Our green promise Committed to sustainability through efficient logistics solutions and responsible corporate social responsibility initiatives. |
Our people and values Employs diverse workforce emphasizing ethical conduct, safety, innovation, and community development. |
Key challenges ahead Intense competition from unorganized sector and regulatory compliance risks. |
Interesting facts Name changed from Mahaan Impex to Seacoast Shipping in 2020; major promoter share changes in 2020-21. |
Risks and strategy Managing regulatory compliance, market competition, and operational risks via strategic leadership and effective governance. |
