About Garware Marine Industries Limited
Data last updated: 13 July 2026
Garware Marine Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in shipbuilding and repair services, a part of the broader transport and logistics sector. Incorporated on 08 August 1975, the company has been in operation for over 51 years.
Registered with ROC Mumbai under CIN U12235MH1975PTC018481. Listed on BSE: 509563.
Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.77 Cr. It is led by directors including Shefali Sanjeev Bajaj and Shyamsunder Vasudev Atre.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹1.08 Cr, a decline of 9.84% compared to the previous year. The net worth stands at ₹10.36 Cr. Total assets are valued at ₹10.62 Cr (down 44.59% YoY).
The company has a workforce of approximately 4 employees as per the latest available data.
The company is associated with 1 brand - Garware Marine Industries. As per MCA filings, the company has open charges of ₹89.86 Cr and satisfied charges of ₹6 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwaremarine.com.
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Registered Address03Rd Floor Prospect Chambers, D.N. Road Fort, Mumbai, Maharashtra, India – 400001
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IndustryTransport and Logistics, Shipbuilding & Repair Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Garware Marine Industries Limited
Garware Marine Industries Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L12235MH1975PLC018481, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L12235MH1975PLC018481 | Current |
| U12235MH1975PTC018481 | Previous |
| U12235MH1975PLC018481 | Previous |
Associated Brands with Garware Marine Industries Limited
Garware Marine Industries Limited operates one associated brand: Garware Marine Industries. These brands represent Garware Marine Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Fishing nets are manufactured and supplied by the company. | garwaremarine.com |
Business Activity of Garware Marine Industries Limited
Garware Marine Industries Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details for Garware Marine Industries Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Garware Marine Industries Limited
Garware Marine Industries Limited is audited by D. Kothary & Co. (ICAI peer reviewed, certificate valid till 2028-11-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| D. Kothary & Co. (ICAI peer reviewed, certificate valid till 2028-11-30) | FY 2026 | Statement on impact of audit qualification |
Board of Directors of Garware Marine Industries Limited
Garware Marine Industries Limited is currently managed by 6 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Shefali Sanjeev Bajaj
Also directs:
Shesu Trading And Investments Co Pvt Ltd, Srb & Family Llp
|
Director | 05 Nov 2014 | 11 Years 8 Months | Current |
|
Shyamsunder Vasudev Atre
Also directs:
Garware Goa Nets Limited, D.S.G. Ship Services Private Limited
|
Whole-Time Director | 31 Oct 2010 | 15 Years 8 Months | Current |
| Vikas Daulat Sadarangani | Director | 26 Nov 2016 | 9 Years 7 Months | Current |
|
Aditya Ashok Garware
Also directs:
Garware Offshore Services Limited, Garware Goa Nets Limited, Mahanadi Offshore Services Private Limited and 5 more
|
Director | 24 May 1993 | 33 Years 1 Months | Current |
|
Amir Jusabali Pradhan
Also directs:
Mirage Enterprises Llp, Jag Lifestyle Llp, Pradhan Mercantile Private Limited and 2 more
|
Director | 12 Aug 2025 | 0 Years 11 Months | Current |
|
Piyush Patel
Also directs:
Supertex Industries Limited, Kosha Fine Jewels Limited
|
Director | 27 Mar 2024 | 2 Years 3 Months | Current |
Financials of Garware Marine Industries Limited FY 2026 filings available
Garware Marine Industries Limited reported revenue of ₹1.08 Cr (down 9.84% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1.08 Cr | ₹1.2 Cr | ₹66.17 Lakh | ₹1.22 Cr | ₹1.58 Cr | ₹1.3 Cr | ₹1.12 Cr | ₹1.25 Cr |
| Other Income | ₹4.19 Lakh | ₹24,000 | ₹5.04 Lakh | ₹10,000 | ₹56,000 | ₹1.39 Lakh | ₹1.86 Lakh | ₹1.77 Lakh |
| Total Income | ₹1.13 Cr | ₹1.2 Cr | ₹71.21 Lakh | ₹1.23 Cr | ₹1.59 Cr | ₹1.31 Cr | ₹1.14 Cr | ₹1.27 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹36.96 Lakh | ₹35.54 Lakh | ₹41.23 Lakh | ₹55.91 Lakh | ₹60.75 Lakh | ₹63.79 Lakh | ₹62.88 Lakh | ₹55.51 Lakh |
| Finance Costs | ₹4,000 | ₹3,000 | ₹38,000 | ₹12,000 | ₹38,000 | ₹1.26 Lakh | ₹1.4 Lakh | ₹1.78 Lakh |
| Depreciation & Amortisation | ₹25,000 | - | ₹25,000 | ₹25,000 | ₹7,000 | ₹10,000 | ₹34,000 | ₹34,000 |
| Other Expenses | ₹59.55 Lakh | ₹41.21 Lakh | ₹36.16 Lakh | ₹54.64 Lakh | ₹96.15 Lakh | ₹51.39 Lakh | ₹40.26 Lakh | ₹46.48 Lakh |
| Total Expenses | ₹96.8 Lakh | ₹76.97 Lakh | ₹78.02 Lakh | ₹1.11 Cr | ₹1.57 Cr | ₹1.17 Cr | ₹1.05 Cr | ₹1.04 Cr |
| Profit Before Exceptional Items & Tax | ₹15.75 Lakh | - | -₹6.81 Lakh | ₹11.61 Lakh | ₹1.57 Lakh | ₹14.74 Lakh | ₹8.92 Lakh | ₹22.4 Lakh |
| Exceptional Items | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹15.75 Lakh | ₹43.45 Lakh | -₹6.81 Lakh | ₹11.61 Lakh | ₹1.57 Lakh | ₹14.74 Lakh | ₹8.92 Lakh | ₹22.4 Lakh |
| Total Tax Expense | ₹1.03 Lakh | ₹31,000 | ₹0 | ₹3,000 | ₹15,000 | ₹54,000 | ₹1.02 Lakh | ₹60,000 |
| Net Profit | ₹14.72 Lakh | ₹43.14 Lakh | -₹6.81 Lakh | ₹11.58 Lakh | ₹1.42 Lakh | ₹14.2 Lakh | ₹7.9 Lakh | ₹21.8 Lakh |
| Other Comprehensive Income | -₹7.75 Cr | - | ₹3.2 Cr | ₹3.39 Cr | ₹5.43 Cr | ₹55.51 Lakh | -₹1.3 Cr | -₹1.45 Cr |
| Total Comprehensive Income | -₹7.6 Cr | - | ₹3.14 Cr | ₹3.51 Cr | ₹5.44 Cr | ₹69.71 Lakh | -₹1.22 Cr | -₹1.23 Cr |
| EBITDA (computed) | ₹16.04 Lakh | - | -₹6.18 Lakh | ₹11.98 Lakh | ₹2.02 Lakh | ₹16.1 Lakh | ₹10.66 Lakh | ₹24.52 Lakh |
| Basic EPS | ₹0.26 | - | ₹-0.12 | ₹0.20 | ₹0.02 | ₹0.25 | ₹0.14 | ₹0.38 |
| Diluted EPS | ₹0.26 | - | ₹-0.12 | ₹0.20 | ₹0.02 | ₹0.25 | ₹0.14 | ₹0.38 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹10.62 Cr | ₹19.17 Cr | ₹11.49 Cr | ₹8.22 Cr | ₹11.48 Cr | ₹6.44 Cr | ₹5.74 Cr | ₹7.11 Cr |
| Non-current Assets | ₹5.51 Cr | ₹14.11 Cr | ₹6.45 Cr | ₹3.21 Cr | ₹6.67 Cr | ₹1.12 Cr | ₹53.81 Lakh | ₹1.8 Cr |
| Current Assets | ₹5.11 Cr | ₹5.06 Cr | ₹5.04 Cr | ₹5.01 Cr | ₹4.81 Cr | ₹5.32 Cr | ₹5.2 Cr | ₹5.31 Cr |
| Property, Plant & Equipment | ₹1.78 Lakh | ₹2.03 Lakh | ₹1.47 Lakh | ₹1.72 Lakh | ₹1.97 Lakh | ₹1.3 Lakh | ₹1.39 Lakh | ₹1.73 Lakh |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹5.09 Cr | - | ₹4.64 Cr | ₹4.59 Cr | ₹4.31 Cr | ₹4.41 Cr | ₹4.49 Cr | ₹4.46 Cr |
| Cash & Equivalents | ₹1.37 Lakh | ₹2.88 Lakh | ₹3.57 Lakh | ₹6.17 Lakh | ₹14.46 Lakh | ₹55.34 Lakh | ₹33.86 Lakh | ₹1.55 Lakh |
| Equity (Net Worth) | ₹10.36 Cr | - | ₹11.04 Cr | ₹7.91 Cr | ₹11.19 Cr | ₹5.75 Cr | ₹5.05 Cr | ₹6.27 Cr |
| Equity Share Capital | ₹5.77 Cr | - | ₹5.76 Cr | ₹5.77 Cr | ₹5.77 Cr | ₹5.77 Cr | ₹5.77 Cr | ₹5.77 Cr |
| Borrowings (Non-current) | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Current Liabilities | ₹26.84 Lakh | ₹36.76 Lakh | ₹40.66 Lakh | ₹31.17 Lakh | ₹20.89 Lakh | ₹19.85 Lakh | ₹18.01 Lakh | ₹20.96 Lakh |
| Total Liabilities | ₹26.84 Lakh | - | ₹44.35 Lakh | ₹31.17 Lakh | ₹29.3 Lakh | ₹69.82 Lakh | ₹68.9 Lakh | ₹84.86 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹2.68 Lakh | ₹9,000 | -₹2.22 Lakh | -₹8.27 Lakh | ₹9.66 Lakh |
| Investing Cash Flow | -₹4.19 Lakh | -₹75,000 | ₹0 | ₹10,000 | -₹19,000 |
| Financing Cash Flow | ₹0 | -₹3,000 | -₹38,000 | -₹12,000 | -₹50.35 Lakh |
| Capital Expenditure | ₹0 | ₹0 | ₹0 | ₹0 | ₹75,000 |
| Free Cash Flow (computed) | ₹2.68 Lakh | ₹9,000 | -₹2.22 Lakh | -₹8.27 Lakh | ₹8.91 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹1.51 Lakh | -₹69,000 | -₹2.6 Lakh | -₹8.29 Lakh | -₹40.88 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹26.11 Lakh | ₹30.3 Lakh | ₹25.95 Lakh | ₹26 Lakh | ₹23.54 Lakh | ₹26.99 Lakh | ₹29.06 Lakh | ₹40.59 Lakh |
| Other Income | ₹1.22 Lakh | ₹1.27 Lakh | ₹1.27 Lakh | ₹43,000 | ₹3,000 | ₹10,000 | ₹8,000 | ₹3,000 |
| Total Income | ₹27.33 Lakh | ₹31.57 Lakh | ₹27.22 Lakh | ₹26.43 Lakh | ₹23.57 Lakh | ₹27.09 Lakh | ₹29.14 Lakh | ₹40.62 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹9.3 Lakh | ₹9.29 Lakh | ₹9.17 Lakh | ₹9.2 Lakh | ₹8.43 Lakh | ₹8.56 Lakh | ₹8.76 Lakh | ₹9.79 Lakh |
| Finance Costs | ₹2,000 | ₹1,000 | ₹0 | ₹1,000 | -₹53,000 | ₹34,000 | ₹17,000 | ₹5,000 |
| Depreciation & Amortisation | ₹7,000 | ₹6,000 | ₹6,000 | ₹6,000 | - | ₹3,000 | ₹4,000 | ₹3,000 |
| Other Expenses | ₹22.52 Lakh | ₹17.32 Lakh | ₹8.37 Lakh | ₹11.34 Lakh | ₹10.81 Lakh | ₹10.54 Lakh | ₹11.66 Lakh | ₹8.2 Lakh |
| Total Expenses | ₹31.91 Lakh | ₹26.68 Lakh | ₹17.6 Lakh | ₹20.61 Lakh | ₹18.8 Lakh | ₹19.47 Lakh | ₹20.63 Lakh | ₹18.07 Lakh |
| Profit Before Exceptional Items & Tax | -₹4.58 Lakh | ₹4.89 Lakh | ₹9.62 Lakh | ₹5.82 Lakh | - | ₹7.62 Lakh | ₹8.51 Lakh | ₹22.55 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.58 Lakh | ₹4.89 Lakh | ₹9.62 Lakh | ₹5.82 Lakh | ₹4.77 Lakh | ₹7.62 Lakh | ₹8.51 Lakh | ₹22.55 Lakh |
| Total Tax Expense | ₹26,000 | ₹33,000 | ₹32,000 | ₹13,000 | -₹5.74 Lakh | ₹1.2 Lakh | ₹1.33 Lakh | ₹3.51 Lakh |
| Net Profit | -₹4.84 Lakh | ₹4.56 Lakh | ₹9.3 Lakh | ₹5.69 Lakh | ₹10.51 Lakh | ₹6.42 Lakh | ₹7.18 Lakh | ₹19.04 Lakh |
| Other Comprehensive Income | -₹2.85 Cr | -₹3.28 Cr | -₹53.1 Lakh | -₹1.09 Cr | - | ₹3.51 Cr | ₹2.79 Cr | ₹2.6 Cr |
| Total Comprehensive Income | -₹2.89 Cr | -₹3.23 Cr | -₹43.8 Lakh | -₹1.03 Cr | - | ₹3.58 Cr | ₹2.86 Cr | ₹2.79 Cr |
| EBITDA (computed) | -₹4.49 Lakh | ₹4.96 Lakh | ₹9.68 Lakh | ₹5.89 Lakh | - | ₹7.99 Lakh | ₹8.72 Lakh | ₹22.63 Lakh |
| Basic EPS | ₹-0.08 | ₹0.08 | ₹0.16 | ₹0.10 | - | ₹0.11 | ₹0.12 | ₹0.33 |
| Diluted EPS | ₹-0.08 | ₹0.08 | ₹0.16 | ₹0.10 | - | ₹0.11 | ₹0.12 | ₹0.33 |
Charges & Borrowings of Garware Marine Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2025 | Others | ₹45.8 Cr | Open |
| 22 Jan 2008 | The Industrial Development Bank of India Limited | ₹1 Cr | Open |
| 28 Mar 1994 | The Shamrao Vithal Co Op Bank Ltd | ₹1 Cr | Open |
| 28 Mar 1994 | The Shamrao Vithal Co Op Bank Ltd | ₹1 Cr | Open |
| 25 Jan 1994 | The Ratnakar Bank Ltd | ₹25 Lakh | Open |
Total charge records: 30 View all charges
Employees and EPFO Compliance at Garware Marine Industries Limited
View historical data on people associated with Garware Marine Industries Limited, including employment history and EPFO contributions.
Employee and EPFO history for Garware Marine Industries Limited
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GST Compliance of Garware Marine Industries Limited
GST registrations and filing compliance for Garware Marine Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Garware Marine Industries Limited
Credit ratings, litigation, and regulatory alerts for Garware Marine Industries Limited
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MSME Payment Delays by Garware Marine Industries Limited
MSME payment history for Garware Marine Industries Limited
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Subsidiaries & Group Companies of Garware Marine Industries Limited
Corporate group structure for Garware Marine Industries Limited
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MCA Filings & Documents of Garware Marine Industries Limited
MCA filings and documents for Garware Marine Industries Limited
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Recent Activity on Garware Marine Industries Limited
Frequently Asked Questions about Garware Marine Industries Limited
Garware Marine Industries Limited is an active public limited company in the transport and logistics sector based in Mumbai, Maharashtra, India. It was incorporated on 08 August 1975 (51+ years old) and is registered under CIN L12235MH1975PLC018481. Listed on BSE: 509563. The company has 4 employees.
Garware Marine Industries Limited reported revenue of ₹1.08 Cr for FY 2026 (down 9.84% YoY) based on standalone BSE filings.
The current directors of Garware Marine Industries Limited are:
- Shefali Sanjeev Bajaj - Director
- Shyamsunder Vasudev Atre - Whole-Time Director
- Vikas Daulat Sadarangani - Director
- Aditya Ashok Garware - Director
- Amir Jusabali Pradhan - Director
- Piyush Patel - Director
The primary industry of Garware Marine Industries Limited is transport and logistics. The company specifically operates in shipbuilding and repair services. The company is currently active in this sector.
Yes. Garware Marine Industries Limited is listed on BSE with code 509563.
Garware Marine Industries Limited can be reached at the registered office: 03Rd Floor Prospect Chambers, D.N. Road Fort, Mumbai, Maharashtra, India – 400001, or through the website garwaremarine.com.