What we do SEAMEC Ltd is a leading offshore shipping company providing diving support vessels, subsea solutions, and offshore support services in India and internationally. |
Founded in 1,986 |
Market share Largest fleet of multi-support vessels in India with significant presence in offshore oilfield services and subsea operations. |
Problem solved Facilitates safe and efficient offshore oil exploration, subsea construction, and maintenance, addressing the need for specialized maritime support in challenging environments. |
Top clients or who we serve Serves major oil and gas companies like ONGC, L&T Hydrocarbon, Mermaid Subsea, and international maritime clients; operates in B2B space. |
Key management Includes Sanjeev Agrawal (Chairman), Naveen Mohta (Whole Time Director), Rakesh Ayri (CEO) and seasoned independent directors with governance expertise. |
Our journey and innovations Founded in 1986, transformed from Peerless Shipping to SEAMEC with strategic acquisitions, fleet expansions, and entering turnkey subsea projects and bulk carrier businesses. |
Where we operate India, West Africa, Saudi Arabia, Middle East and other international offshore locations through subsidiaries and joint ventures. |
Top products or what we offer Fleet of 5 Multi Support Vessels, 1 Offshore Support Vessel, accommodation barge, and bulk carriers for subsea and marine offshore services. |
Top brands SEAMEC II, III, PRINCESS, PALADIN, SWORDFISH, DIAMOND, GLORIOUS, GALLANT, ASIAN PEARL. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from long-term vessel deployment contracts with key clients including ONGC and international charterers. |
Our industry position Among top offshore shipping service providers in India with competitive technical capabilities and extensive fleet ownership. |
Financial highlights FY 2024-25 consolidated revenue Rs. 651.82 crore, PAT Rs. 89.62 crore; recent quarters show strong growth with increased vessel deployment. |
Geographical revenue split Majority revenue from domestic Indian operations with overseas contributions from subsidiaries in Middle East and Africa. |
Order book - |
Whats driving growth Rising offshore oil exploration, turnkey subsea projects, fleet expansion, and strategic partnerships drive growth. |
Our future plans Acquiring additional vessels such as SEAMEC ANANT, expanding bulk carrier portfolio, increasing overseas deployments, and exploring new offshore markets. |
Our green promise Compliance with IMO regulations, reducing sulfur emissions, ballast water management, waste and plastic minimization for ocean sustainability. |
Our people and values 77 employees focusing on safety, productivity, inclusiveness, and employee development within a strong corporate governance framework. |
Key challenges ahead Fluctuating crude prices, regulatory changes, geopolitical risks, and maintaining high vessel utilization rates amid global competition. |
Interesting facts First private Indian operator of ONGC owned vessels; awarded technical partnerships with global maritime firms and expanded into tunnel construction projects. |
Risks and strategy Mitigates market and operational risks via diversified fleet, long-term contracts, strong parentage, continuous maintenance, and strategic alliances. |
