MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-KL-02-0002002
Sea Blue Shipyard Limited - transport and logistics in Kochi, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹18.78 Cr
▼ 26% YoY
Net loss · FY 2024
₹3.55 Cr
Net margin -18.9%
EBITDA · FY 2024
-₹2 Cr
EBITDA margin -10.7%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹40 Cr
Issued & subscribed
Open charges
₹22.48 Cr
Satisfied ₹38.22 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
33
Provident fund records
About Sea Blue Shipyard Limited
Data last updated:
Sea Blue Shipyard Limited is a public limited company based in Kochi, Kerala, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 08 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U35111KL2003PLC016677. Its GSTIN is 32AAICS2115D1ZZ (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹40 Cr. It was formerly known as Sea Blue Marine Engineering Private Limited and Sea Blue Shipyard Private Limited. It is led by directors including Tojen Ettathottu (Whole-Time Director) and Shaji Joseph.
Its last annual general meeting (AGM) was held on 15 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1/212 V.P. Road Azheekal P.O. Vypin Kochi, Kerala, India – 682508.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.78 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹3.55 Cr (net margin -18.9%) and EBITDA of -₹2 Cr (EBITDA margin -10.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 35% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Seablueshipyard. As per MCA filings, the company has open charges of ₹22.48 Cr and satisfied charges of ₹38.22 Cr on record. Court records list 45 cases involving the company, including 30 filed by the company and 15 filed against it; 9 cases are pending.
Sea Blue Shipyard Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0002002). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seablueshipyard.com.
Company details
CIN U35111KL2003PLC016677
Registration Number 016677
Incorporation Date 08 December 2003
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-02-0002002
Name history
Sea Blue Shipyard has undergone 2 name changes throughout its history. The company was previously known as Sea Blue Marine Engineering Private Limited, and Sea Blue Shipyard Private Limited. The current legal name is Sea Blue Shipyard Limited.
| Company Name | Status |
|---|---|
| Sea Blue Shipyard Limited | Current |
| Sea Blue Marine Engineering Private Limited | Previous |
| Sea Blue Shipyard Private Limited | Previous |
CIN history
Sea Blue Shipyard has one previous CIN (Corporate Identification Number): U35111KL2003PTC016677. The current CIN is U35111KL2003PLC016677, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35111KL2003PLC016677 | Current |
| U35111KL2003PTC016677 | Previous |
Key People
Tojen Ettathottu Whole-Time Director Shaji Joseph Director Manojkumar Viswanatha Director Recognitions & Rankings of Sea Blue Shipyard
Contact details
Sea Blue Shipyard Limited's registered office is in Kochi, Kerala. Its website is seablueshipyard.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1/212 V.P. Road Azheekal P.O. Vypin Kochi, Kerala, India – 682508
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of Sea Blue Shipyard Limited, buy the company report.
Comprehensive company report
Sea Blue Shipyard Limited - one report that includes everything
- 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
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Brands
Sea Blue Shipyard operates one associated brand: Seablueshipyard. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Shipbuilding and repair services are provided for various vessels. | seablueshipyard.com |
Business activity
The main business activity of Sea Blue Shipyard is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Sea Blue Shipyard Limited, buy the company report.
Financials of Sea Blue Shipyard Limited
FY 2024 filings availableSea Blue Shipyard Limited reported revenue of ₹18.78 Cr (down 26% YoY) for FY 2024.
Revenue · FY 2024
₹18.78 Cr ▼ 26%
Net loss · FY 2024
₹3.55 Cr margin -18.9%
EBITDA · FY 2024
-₹2 Cr margin -10.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▲ 13%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▼ 125%
3 years · compounded
▼ 35%
5 years · compounded
▲ 23%
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 125% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.55 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.7% | ||||
| Net Profit Margin | -18.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Sea Blue Shipyard Limited, buy the company report.
Board of directors of Sea Blue Shipyard Limited
Sea Blue Shipyard has 15 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shaji Joseph | Director | 12 Dec 2020 | 5 Years 10 Months | Current |
| Manojkumar Viswanatha Also directs: Veeyem Kay Industries Private Limited, Aruna Promoters Private Limited, Veeyem Kay Promoters Private Limited and 3 more | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Prabhu Rajasree Also directs: Veeyem Kay Industries Private Limited, Aruna Promoters Private Limited, Veeyem Kay Promoters Private Limited and 3 more | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Eswarapilla Velayudhan Pillai Ramachandrannair | Director | 12 Dec 2020 | 5 Years 10 Months | Current |
| Ramesh Kumar Viswanatha Prabhu Also directs: Vitson Steel Corp Private Limited | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Tojen Ettathottu | Whole-Time Director | 08 Dec 2003 | 22 Years 10 Months | Current |
Showing 6 of 15 current directors. View all directors
Auditor
Sea Blue Shipyard Limited is audited by JVR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JVR & ASSOCIATES | FY 2023 | 011121S |
Shareholding
The shareholding of Sea Blue Shipyard 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 Sea Blue Shipyard Limited, buy the company report.
Charges & borrowings
Open charges
₹22.48 Cr
Satisfied charges
₹38.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2025 | 101175933 | City Union Bank Limited | ₹7.9 Lakh | Open | |
| 12 Aug 2024 | 100987600 | Others | ₹20 Cr | Open | |
| 27 Oct 2023 | 100803167 | Kerala State Financial Enterprises Ltd | ₹2.4 Cr | Open | |
| 20 Jun 2023 | 100744388 | Others | ₹1.5 Cr | Satisfied | |
| 26 Mar 2022 | 100551580 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Sea Blue Shipyard Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Sea Blue Shipyard Limited has 45 court cases on record: 30 filed by Sea Blue Shipyard, 15 filed against it. 9 cases are pending and 36 are disposed.
Total cases
45
Filed by the company
30
Filed against the company
15
Pending
9
Disposed
36
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 28 | 3 | 5 |
| District courts | 8 | 3 | 2 |
| NCLT | 7 | 7 | 1 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Commercial suit | Filed against the company by New India Assurance Co. Ltd., and 1 other | Pending |
| High Court of Kerala | Writ petition | Filed by the company against The Director, M/S. Lakshadweep Development Corporation Ltd., | Disposed |
| District court, Ernakulam, Kerala | Court case (CMA(Arb)) | Filed by the company against M/S Ardeshir B Cursetjee and Sons Ltd (Abc and Sons) | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Ardeshir B Cursetjee and Sons Ltd | Disposed |
| High Court of Kerala | Court case (Con.Case(C)) | Filed by the company against Ganesh | Disposed |
To see the full case history of Sea Blue Shipyard 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sea Blue Shipyard Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sea Blue Shipyard Limited has a workforce of 33 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
33
Active EPFO establishments
2
Employee growth
-17.5%
GST
Sea Blue Shipyard has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAICS2115D1ZZ | Kerala | Active | 01 Jul 2017 |
| 30AAICS2115D1Z3 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sea Blue Shipyard Limited, buy the company report.
Recent activity
Sea Blue Shipyard Limited has 45 board changes on record since 2003: 15 appointments and 30 cessations. The latest: Joseph Abraham was appointed as Director on 15 Nov 2024.
Charges
A charge registered on 20 Jun 2023 via Charge ID 100744388 with Others was fully satisfied on 24 Nov 2025.
Charges
A charge with Kerala State Financial Enterprises Ltd of Rs. 2.40 Cr registered on 27 Oct 2023 with Charge ID 100803167 was modified on 17 Oct 2025.
Charges
A charge with City Union Bank Limited amounted to Rs. 0.08 Cr with Charge ID 101175933 was registered on 07 Oct 2025.
Charges
A charge with Others of Rs. 20.00 Cr registered on 12 Aug 2024 with Charge ID 100987600 was modified on 30 Aug 2025.
Charges
A charge registered on 26 Mar 2022 via Charge ID 100551580 with Others was fully satisfied on 11 Aug 2025.
AGM
Sea Blue Shipyard Limited last Annual general meeting of members was held on 15 Nov 2024 as per latest MCA records.
Appointed
Joseph Abraham was appointed as Director.
Appointed
Manojkumar Viswanatha was appointed as Director.
Appointed
Prabhu Rajasree was appointed as Director.
Ceased
Rajuvarghese Chellakudam ceased to be Director.
Appointed
Ramesh Kumar Viswanatha Prabhu was appointed as Director.
Ceased
Shoukathali Meledath ceased to be Director.
67 earlier events are in the company report.
Frequently asked questions
Sea Blue Shipyard is an active public limited company based in Kochi, Kerala, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 08 December 2003 (23+ years old) and is registered under CIN U35111KL2003PLC016677.
Sea Blue Shipyard has 15 current directors:
- Tojen Ettathottu - Whole-Time Director
- Shaji Joseph - Director
- Manojkumar Viswanatha - Director
- Prabhu Rajasree - Director
- Eswarapilla Velayudhan Pillai Ramachandrannair - Director
- Ramesh Kumar Viswanatha Prabhu - Director
- Monson Augustine - Director
- Thekkinethil Sankaran Mohanan - Additional Director
- John Porinchu Tharayil - Director
- Oonnathunkal Chacko John - Director
- Mohammed Sagheer - Director
- Shoukathali Meledath - Director
- Pandippilly Pylie Antony - Director
- Vypukaran Abubaker Jamal - Director
- Joseph Abraham - Director
The latest financial statements of Sea Blue Shipyard on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sea Blue Shipyard is 32AAICS2115D1ZZ, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAICS2115D1Z3 (Goa).
The CIN (Corporate Identification Number) of Sea Blue Shipyard is U35111KL2003PLC016677. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sea Blue Shipyard has 45 court cases on record: 30 filed by the company and 15 filed against it. 9 are pending. Most are in the high courts.
Sea Blue Shipyard was incorporated on 08 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ernakulam.
Joseph Abraham was appointed as Director on 15 Nov 2024. Manojkumar Viswanatha was appointed as Director on 15 Nov 2024. Prabhu Rajasree was appointed as Director on 15 Nov 2024. Sea Blue Shipyard has 45 board changes on record in total.
Yes, Sea Blue Shipyard is registered as a small enterprise under Udyam registration (number: UDYAM-KL-02-0002002).
Sea Blue Shipyard can be reached through the website seablueshipyard.com. Its registered office is in Kochi, Kerala, India.