About Garware Marine Industries Limited
Data last updated: 17 February 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 L12235MH1975PLC018481. 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 Aditya Ashok Garware and Vikas Daulat Sadarangani.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.2 Cr, a growth of 69% compared to the previous year.
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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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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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
- PDF report delivered after checkout
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 | ********* |
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 8 directors, with 16 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 |
|---|---|---|---|---|
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Aditya Ashok Garware
Also directs:
Garware Marine Industries Limited, Global Offshore Services Limited, Garware Goa Nets Limited and 5 more
|
Director | 24 May 1993 | 33 Years 1 Months | Current |
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Vikas Daulat Sadarangani
Also directs:
Garware Marine Industries Limited
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Director | 26 Nov 2016 | 9 Years 7 Months | Current |
| Piyush Patel | Director | 27 Mar 2024 | 2 Years 3 Months | Current |
| Shyamsunder Vasudev Atre | Whole-Time Director | 31 Oct 2010 | 15 Years 8 Months | Current |
| Shefali Sanjeev Bajaj | Director | 05 Nov 2014 | 11 Years 8 Months | Current |
|
Amir Jusabali Pradhan
Also directs:
Garware Marine Industries Limited, Mirage Enterprises Llp, Jag Lifestyle Llp and 3 more
|
Additional Director | 12 Aug 2025 | 0 Years 10 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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
Shareholding Pattern of Garware Marine Industries Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 37.55%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 60.02% of Garware Marine Industries Limited. The company had 13,206 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 37.55% | 37.55% | 37.55% | 37.55% | 37.55% | 37.55% |
| Public | 62.45% | 62.45% | 62.45% | 62.45% | 62.45% | 62.45% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 37.55% | 37.55% | 37.72% |
| Public | 62.45% | 62.45% | 62.28% |
| Promoter change (YoY, %pts) | +0.00 | -0.17 | - |
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
Garware Marine Industries Limited has a workforce of 4 employees as of Apr 03, 2024.
Employee Count & EPFO Data of Garware Marine Industries Limited
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GST Compliance of Garware Marine Industries Limited
GSTIN & GST Filing Data of Garware Marine Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Garware Marine Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Garware Marine Industries Limited
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MSME Payment Delays by Garware Marine Industries Limited
MSME Payment Delays by Garware Marine Industries Limited
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Subsidiaries & Group Companies of Garware Marine Industries Limited
Subsidiaries & Group Companies of Garware Marine Industries Limited
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MCA Filings & Documents of Garware Marine Industries Limited
MCA Filings & Documents of 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 ₹1.2 Cr for FY 2025 (up 69.00% YoY).
The current directors of Garware Marine Industries Limited are:
- Aditya Ashok Garware
- Vikas Daulat Sadarangani
- Piyush Patel
- Shyamsunder Vasudev Atre
- Shefali Sanjeev Bajaj
- Pallavi Prakash Shedge
- Vipulata Sandeep Tandel
- Amir Jusabali Pradhan
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.