Garware Marine Industries Limited - Company Profile

It is a transport and logistics public limited company based in Mumbai, Maharashtra, India, established in 1975.
1975 Mumbai, Maharashtra, India Active
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About Garware Marine Industries Limited

Garware Marine Industries Limited, a active public limited company, was established on 08 August 1975 in Mumbai, Maharashtra, India. Engaging in shipbuilding & repair services within the support service to organizations sector, it holds CIN: L12235MH1975PLC018481. Registered under ROC Roc Mumbai I. it is listed on BSE: 509563. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹5.77 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹1.23 Cr and a net worth of ₹7.91 Cr. Employing 4 professional, Its leadership includes Aditya Ashok Garware (Director), Vikas Daulat Sadarangani (Director), Piyush Patel (Director). Past directors included Chittur Vishwanath Ramachandran, Ashok Bhalchandra Garware, Vikas Daulat Sadarangani. It holds ₹89.86 Cr open charges and ₹6.00 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at 03Rd Floor, Prospect Chambers, D.N. Road, Fort, Mumbai, Maharashtra, 400001.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    L12235MH1975PLC018481

  • Registration Number

    018481

  • Incorporation Date

    08 August 1975

  • Authorized Capital

    ₹10.00 Cr

  • Paid-Up Capital

    ₹5.77 Cr

  • ROC Code

    Roc Mumbai I

  • Listing Status

    Listed (BSE: 509563)

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 5.77 Cr
  • Company Age 50 Year, 6 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 89.86 Cr
  • Satisfied Charges ₹ 6.00 Cr
  • Revenue Growth **** -22.90%
  • Profit Growth **** 715.49%
  • Ebitda **** 713.70%
  • Net Worth -29.29%
  • Total Assets -28.38%
Company report

Garware Marine Industries Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Garware Marine Industries Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Garware Marine Industries Limited?
Current Directors
Name Designation Appointment Date Status
Aditya Ashok Garware Director 24 May 1993 Current
Vikas Daulat Sadarangani Director 26 Nov 2016 Current
Piyush Patel Director 27 Mar 2024 Current
Shyamsunder Vasudev Atre Whole-Time Director 31 Oct 2010 Current
Shefali Sanjeev Bajaj Director 05 Nov 2014 Current
Amir Jusabali Pradhan Additional Director 12 Aug 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 20 Jul 2009 Past
Pramod Abcsdd Director 30 Aug 2014 Past
Pramod Abcsdd Additional Director 28 Sep 2017 Past
Pramod Abcsdd Additional Director 08 May 2024 Past
Pramod Abcsdd Director 12 Jul 2015 Past
Pramod Abcsdd Company Secretary 31 Mar 2011 Past

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Financial Performance of Garware Marine Industries.

Garware Marine Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 22.9% decrease. The company also saw a substantial improvement in profitability, with a 715.49% increase in profit. The company's net worth observed a substantial decline by a decrease of 29.29%.

Garware Marine Industries revenue growth over time
Garware Marine Industries profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -22.90%
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Revenue from Operations
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 -22.69%
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Total Assets
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 -28.38%
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Profit or Loss
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 715.49%
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*******
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Net Worth
*******
 -29.29%
*******
*******
*******
*******
EBITDA
*******
 713.70%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Garware Marine Industries?

In 2023, Garware Marine Industries had a promoter holding of 37.72% and a public holding of 62.27%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹898,632,855.00

Satisfied Charges

₹60,000,000.00

Charges Breakdown by Lending Institutions
  • Others : 45.80 Cr
  • The Industrial Credit And Investment Corporaiton Of India Lt : 22.93 Cr
  • The United Western Bank Ltd : 14.85 Cr
  • The Shamrao Vithal Co Op Bank Ltd : 2.00 Cr
  • Indian Bank : 1.25 Cr
  • Others : 3.03 Cr
Latest Charge Details
Date Lender Amount Status
30 May 2025 Others ₹45.80 Cr Open
22 Jan 2008 The Industrial Development Bank Of India Limited ₹1.00 Cr Open
28 Mar 1994 The Shamrao Vithal Co Op Bank Ltd ₹1.00 Cr Open
28 Mar 1994 The Shamrao Vithal Co Op Bank Ltd ₹1.00 Cr Open
25 Jan 1994 The Ratnakar Bank Ltd ₹2.50 M Open

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How Many Employees Work at Garware Marine Industries?

Garware Marine Industries has a workforce of 4 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Garware Marine Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Garware Marine Industries's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Garware Marine Industries
Recent Activity within the Organization
  • Annual General Meeting

    Garware Marine Industries Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Director Appointment

    The activity Amir Jusabali Pradhan was appointed as a Additional Director was appointed as a Additional Director on 12 Aug 2025 & has been associated with this company since 6 months 23 days . was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 45.80 Cr with Charge ID 101106799 was registered on 30 May 2025. was documented.

  • Balance Sheet

    The activity Garware Marine Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was completed.

  • Director Appointment

    The activity Piyush Patel was appointed as a Director was appointed as a Director on 27 Mar 2024 & has been associated with this company since 1 year 11 months . was completed.

  • Director Appointment

    The activity Vipulata Sandeep Tandel was appointed as a Cfo was appointed as a Cfo on 01 Feb 2017 & has been associated with this company since 9 years 1 month . was completed.

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Frequently Asked Questions
What is the CIN of Garware Marine Industries Limited?

The CIN of Garware Marine Industries Limited is L12235MH1975PLC018481.

Where is Garware Marine Industries Limited headquartered?

Garware Marine Industries Limited is headquartered at 03Rd Floor, Prospect Chambers, D.N. Road, Fort, Mumbai, Maharashtra, 400001.

When was Garware Marine Industries Limited incorporated?

Garware Marine Industries Limited was incorporated on 08 August 1975.

Who are the current directors of Garware Marine Industries Limited?

The current directors of Garware Marine Industries Limited are

What is the primary industry of Garware Marine Industries Limited?

The primary industry of Garware Marine Industries Limited is Support Service To Organizations.

Is Garware Marine Industries Limited a listed company?

Garware Marine Industries Limited is listed. It is listed on BSE: 509563.

What is the capital structure of Garware Marine Industries Limited?

The authorized capital of Garware Marine Industries Limited is ₹10.00 Cr, and the paid-up capital is ₹5.77 Cr.

What is the compliance status of Garware Marine Industries Limited?

The compliance status of Garware Marine Industries Limited is Compliant.

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