About International Seaport Dredging Private Limited
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International Seaport Dredging Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Dredging International Nv. It operates in the marine and naval engineering segment of the engineering sector. It was incorporated on 24 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45205TN2004PTC069094. Its GSTIN is 33AABCI2286E1ZW (Tamil Nadu). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹420.78 Cr and a paid-up capital of ₹384.47 Cr. It was formerly known as International Seaport Dredging Limited. It is led by directors including Bram Vandepitte (Managing Director) and Dirk Poppe.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹575.06 Cr, a growth of 116% compared to the previous year. For the same year it recorded a net profit of ₹85.14 Cr (net margin 14.8%) and EBITDA of ₹144.2 Cr (EBITDA margin 25.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 7% over five years.
The company has about 149 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: DEME. As per MCA filings, the company has satisfied charges of ₹317.87 Cr on record. Court records list 42 cases involving the company, including 33 filed by the company and 9 filed against it; 6 cases are pending. The company has 14 deals on record (9 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹155.91 Cr; the latest was in March 2020. Its 3 peer companies in the Infrastructure industry (Dredging), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 2 larger and 1 smaller; the largest is Dredging Corporation of India Limited with revenue of ₹1,147.97 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 20 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website deme-group.com.
Company details
CIN history
International Seaport Dredging has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45205TN2004PTC069094, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45205TN2004PTC069094 | Current |
| U45205TN2004PLC069094 | Previous |
| U45205DL2004PLC125380 | Previous |
Contact details
International Seaport Dredging Private Limited's registered office is in Chennai, Tamil Nadu. Its website is deme-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOlympia Cyberspace 9th Floor Module 2 (Part Of 6th Office Floor), No.21/22 Alandur Road Arulayamman Pettai 2 Ndstreet, Chennai, Tamil Nadu, India – 600032
- IndustryEngineering, Marine & Naval Engineering
To see the full contact details of International Seaport Dredging Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
International Seaport Dredging operates one associated brand: DEME. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| DEME is recognized as a leading contractor in offshore energy and marine infrastructure. | deme-group.com |
Business activity
The main business activity of International Seaport Dredging is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of International Seaport Dredging Private Limited, buy the company report.
Financials of International Seaport Dredging Private Limited
FY 2024 filings availableInternational Seaport Dredging Private Limited reported revenue of ₹575.06 Cr (up 116% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 116% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 999% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹144.2 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹85.14 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.1% | ||||
| Net Profit Margin | 14.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of International Seaport Dredging Private Limited, buy the company report.
Board of directors of International Seaport Dredging Private Limited
International Seaport Dredging has 6 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dirk Poppe | Director | 28 Jun 2023 | 3 Years 4 Months | Current |
| Sudhindra Vasantrao Desai Also directs: Larsen and Toubro Limited, L&T Himachal Hydropower Limited | Director | 21 Dec 2017 | 8 Years 10 Months | Current |
| Stefaan Michel R Stappers | Director | 23 Jan 2024 | 2 Years 9 Months | Current |
| Bram Vandepitte | Managing Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Alok Narain Sinha Also directs: Sea-Invest India Private Limited, Tri Marine Pvt Ltd, Alar Impex Private Limited and 1 more | Director | 24 Mar 2004 | 22 Years 7 Months | Current |
| Amedeo Giuseppe Peyron | Director | 29 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
International Seaport Dredging Private Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Dredging), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dredging Corporation of India Limited | ₹1,147.97 Cr (FY 2025) | 21.0% | Delhi, India | |||
| Shanti Sagar International Dredging Limited | ₹608.43 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India | |||
| International Seaport Dredging Private Limitedthis company | ₹575.06 Cr (FY 2025) | ₹85.14 Cr | 14.8% | 116.0% | 149 | Chennai, Tamil Nadu, India |
| Van Oord India Private Limited | ₹365.39 Cr (FY 2025) | -58.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of International Seaport Dredging Private Limited, buy the company report.
Auditor
International Seaport Dredging Private Limited is audited by Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of International Seaport Dredging Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of International Seaport Dredging Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2009 | 10162551 | Punjab National Bank | ₹50 Cr | Satisfied | |
| 28 Jan 2009 | 10145844 | Punjab National Bank | ₹40 Cr | Satisfied | |
| 28 Mar 2008 | 10097332 | Punjab National Bank | ₹49.5 Cr | Satisfied | |
| 07 Feb 2008 | 10090163 | State Bank of Patiala | ₹70.37 Cr | Satisfied | |
| 10 Dec 2007 | 10080429 | Union Bank of India | ₹25 Cr | Satisfied |
To see the full charge records of International Seaport Dredging Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
International Seaport Dredging Private Limited has 14 deals on record (9 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹155.91 Cr; the latest was in March 2020.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Dredging International NV, an individual Seller: Dredging International India Private Limited , an individual |
| Mar 2019 | Rights issue | ₹225 Cr | Investors: Dredging International NV, Dredging International India Private Limited , Alar Impex Private Limited |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: Tideway BV Seller: Larsen and Toubro Limited |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: Tideway BV Seller: Larsen and Toubro Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Tideway BV Seller: Larsen and Toubro Limited |
To see the full deal history of International Seaport Dredging Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
International Seaport Dredging Private Limited has 42 court cases on record: 33 filed by International Seaport Dredging, 9 filed against it. 6 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 7 | 3 |
| District courts | 4 | 2 | 1 |
| Supreme Court | 3 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against Kamarajar Port Limited | Disposed |
| High Court | Appeal | Filed against the company by Kamarajar Port Limited M/S. Menon,, 9941633767,Neelakantan, ,Mukundan, ,Karthik, | Disposed |
| High Court | Arbitration matter | Filed against the company by Kamarajar Port Limited M/S.Menon,, 9941633767,Neelakantan, ,Mukundan, ,Karthik, | Disposed |
| Supreme Court | Appeal | Filed by the company against Kamarajar Port Limited | Disposed |
| High Court, TAMIL NADU | Original application | Filed by the company against ,R-2 Marg Properties Limited Sri Sai Subhodhaya Apartments, No.57/2B, East Coast Road, Thiruvanmiyur, Chennai 600 04 and 3 others | Disposed |
To see the full case history of International Seaport Dredging Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
International Seaport Dredging Private Limited was last rated by Icra on 30 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Apr 2021 |
To see the full credit ratings and regulatory alerts of International Seaport Dredging Private Limited, buy the company report.
MSME payment delays
International Seaport Dredging Private Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 20 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Goltens India Private Limited | |||
| an individual supplier | |||
| Solique Advisory and Support Services Private Limited | |||
| Kamat Hotels (India) Ltd | |||
| Global Tech Integrated Systems Private Limited |
To see the full MSME payment records of International Seaport Dredging Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
International Seaport Dredging Private Limited has a workforce of 149 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
International Seaport Dredging has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCI2286E1ZW | Tamil Nadu | Active | 01 Jul 2017 |
| 21AABCI2286E1Z1 | Odisha | Active | 01 Jul 2017 |
| 37AABCI2286E1ZO | Andhra Pradesh | Active | 01 Jul 2017 |
| 24AABCI2286E1ZV | Gujarat | Active | 02 Dec 2022 |
To see the full GST registrations and return filing status of International Seaport Dredging Private Limited, buy the company report.
Recent activity
International Seaport Dredging Private Limited has 35 board changes on record since 2004: 6 appointments and 29 cessations. The latest: Stefaan Michel R Stappers ceased to be Additional Director on 29 Sep 2024.
42 earlier events are in the company report.
News
Frequently asked questions
International Seaport Dredging is an active private limited company based in Chennai, Tamil Nadu, India. The company works in marine and naval engineering, within the engineering industry. It was incorporated on 24 March 2004 (22+ years old) and is registered under CIN U45205TN2004PTC069094.
International Seaport Dredging has 6 current directors:
- Bram Vandepitte - Managing Director
- Dirk Poppe - Director
- Sudhindra Vasantrao Desai - Director
- Stefaan Michel R Stappers - Director
- Alok Narain Sinha - Director
- Amedeo Giuseppe Peyron - Director
The latest financial statements of International Seaport Dredging on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of International Seaport Dredging is 33AABCI2286E1ZW, registered in Tamil Nadu. The company has 7 GST registrations in all, of which 4 are active and 3 are cancelled or inactive. Other active GSTINs include 21AABCI2286E1Z1 (Odisha), 37AABCI2286E1ZO (Andhra Pradesh), 24AABCI2286E1ZV (Gujarat).
The CIN (Corporate Identification Number) of International Seaport Dredging is U45205TN2004PTC069094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
International Seaport Dredging has 42 court cases on record: 33 filed by the company and 9 filed against it. 6 are pending. Most are in the high courts.
International Seaport Dredging was incorporated on 24 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
International Seaport Dredging has 14 deals on record (9 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹155.91 Cr; the latest was in March 2020.
The peers of International Seaport Dredging by revenue are Dredging Corporation of India Limited, Shanti Sagar International Dredging Limited, Van Oord India Private Limited, all in the Infrastructure industry (Dredging), with the same principal business activity (services incidental to land, water & air transportation).
Stefaan Michel R Stappers ceased to be Additional Director on 29 Sep 2024. Stefaan Michel R Stappers was appointed as Director on 23 Jan 2024. Dirk Poppe ceased to be Additional Director on 29 Sep 2023. International Seaport Dredging has 35 board changes on record in total.
International Seaport Dredging has 9 MSME Form 1 returns on record between 2019 and 2024, listing 20 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2024.
International Seaport Dredging can be reached through the website deme-group.com. Its registered office is in Chennai, Tamil Nadu, India.
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