Located in Vasco da Gama, Goa, on India’s west coast, Goa Shipyard Limited (GSL) is a public sector enterprise that builds defense ships. It was founded in 1957. Transportation equipment is manufactured by the firm. Additionally, it designs, constructs, and maintains a variety of ships, dredgers, tugs, simulators, and offshore supply vessels.
Goa Shipyard Limited Quick Overview
| Particular | Details |
| Company Name | Goa Shipyard Limited (GSL) |
| Type | Public Sector Enterprise (Defence Shipbuilding PSU, Miniratna Category-I) |
| Industry | Defence & Commercial Shipbuilding, Marine Engineering |
| Founded / Established | 1957 (originally Estaleiros Navais de Goa) |
| Headquarters | Vasco da Gama, Goa, India |
| Owner / Promoter | Government of India (Ministry of Defence) |
| Chairman & MD | Brajesh Kumar Upadhyay |
| Core Business | Design, construction, repair & modernization of defence & commercial vessels |
| Major Products / Services | Warships (frigates, corvettes), offshore patrol vessels, fast patrol boats, pollution control vessels, training & auxiliary vessels, ship repair & engineering services |
| Area Served | India & friendly foreign navies; export projects expanding globally |
| Manufacturing Footprint | Shipyard facilities on the banks of the River Zuari with sliplift and advanced fabrication capabilities |
| Employees | ~1,386+ (2025 estimate) |
| Market Position | One of India’s key defence shipbuilders serving Indian Navy & Coast Guard |
| Order Book / Growth | Strong order pipeline including patrol & advanced frigate contracts; record revenues reported |
| Recent Developments | Launched advanced frigates; expanded export orders (dry dock for Sri Lanka Navy, dredger contract) & investing in autonomous vessel technologies |
| Financial Highlights (FY24) | Gross revenue ~₹2,090+ crore; PAT ~₹271+ crore with robust growth vs FY23 |
| Certifications | ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified |
| CIN / Legal Status | U63032GA1967GOI000077 (Govt PSU) |
| Official Website | goashipyard.in |
Net Worth and Market Cap
Its total paid-up capital is INR 58.20 cr, and its authorized share capital is INR 60.00 cr.
Corporate leadership
Founded on September 29, 1967, Goa Shipyard Limited is an unlisted public business. The company’s chairman and MD is Brajesh Kumar Upadhyay.
Overview of Services
It was commandeered to produce warships for the Indian Coast Guard and Indian Navy. In order to keep up with the newest shipbuilding technologies, GSL is modernizing its yard. For this reason, it is discussing a cooperative agreement with renowned shipbuilders. Tugboats, surface effect ships, hovercraft, high-speed aluminum-hulled vessels, pollution control vessels, advanced deep-sea commercial trawlers, fish factory vessels, catamarans, and ferries are examples of further products.
Scale of Operations
It has constructed 167 vessels to date, including landing craft, tugs, barges, offshore patrol boats, and other vessels for the Indian Coast Guard and Navy as well as for export to nations like Yemen.[3] While the average Deadweight Tonnage (DWT) capacity of a ship worldwide is between 60,000 and 80,000 DWT, Goa Shipyard, in contrast to Cochin Shipyard and Hindustan Shipyard, is unable to produce large vessels with capacities greater than 15,000 DWT.
