Under the administrative authority of the Ministry of Defence, Garden Reach Shipbuilders & Engineers Ltd. is a leading shipbuilding firm in India that mainly serves the shipbuilding needs of the Indian Coast Guard and Indian Navy. Garden Reach Shipbuilders & Engineers Limited participates in the design and construction of military ships in India.
Garden Reach Shipbuilders & Engineers Quick Overview
| Particular | Details |
| Company Name | Garden Reach Shipbuilders & Engineers Limited (GRSE) |
| Type | Public Sector Defence Shipbuilding PSU (Miniratna) |
| Industry | Defence & Commercial Shipbuilding, Marine Engineering |
| Founded / Incorporated | 26 February 1934 (origins date to 1884) |
| Headquarters | Kolkata, West Bengal, India |
| Owner / Promoter | Government of India (Ministry of Defence) |
| Chairman & MD | Cmde P. R. Hari, IN (Retd.) |
| Core Business | Design, construction & repair of naval and commercial vessels; marine engines; engineering products |
| Major Products / Services | Warships (corvettes, frigates, OPVs), patrol vessels, survey vessels, hybrid ferries, deck machinery, bridges, marine pumps |
| Engineering Division | Portable steel bridges, deck machinery, marine pumps; engine assembly & overhaul |
| Area Served | India & exports to friendly foreign nations |
| Manufacturing Footprint | Three ship production facilities in Kolkata (Main Works, Rajabagan Dockyard, FOJ Unit) |
| Employees | 1,500+ |
| Market Position | One of India’s leading defence shipyards & first to build 100 warships |
| Capacity & Projects | Concurrent shipbuilding capacity increased; major projects include P17A advanced frigates, survey vessels, ASW crafts & OPVs |
| Exports & Partnerships | Export orders for patrol boats, hybrid vessels; strategic MoUs for technology collaborations |
| Order Book | ₹22,680+ crore as of March 31, 2025 (approx.) |
| Recent Financial Highlights | Q3 FY26: Profit jumped 74% YoY to ₹171 cr; interim dividend declared |
| Stock Exchange Listing | NSE & BSE (Ticker: GRSE) |
| CIN | L35111WB1934GOI007891 |
| Official Website | grse.in |
Net Worth and Market Cap
Garden Reach Shipbuilders & Engineers has a market cap or net worth of INR 288.52 billion. 257.27 billion is the enterprise value.
Corporate leadership
Based in Kolkata, India, the corporation was established in 1884. This company’s chairman and MD is Cmde PR Hari, IN (Retd.).
Overview of Services
GRSE provides the Indian Navy, Indian Coast Guard, and other government agencies with frigates, anti-submarine warfare corvettes, missile corvettes, landing ship tanks, landing craft utilities, survey vessels, etc., as well as quick interceptor boat products. Additionally, it offers navy surface guns, green platforms, autonomous undersea vessels, ship-based drones, and unmanned surface vessels.
In addition, the company provides portable bridges; and deck machinery equipment and electro-hydraulic drive deck machinery products, hydrographic and oceanographic surveys, survey vessels, helicopter traversing systems, and dock capstans and winches. In addition, it offers dry docking and afloat maintenance, refit, and repair services for defense and commercial vessels in addition to building, overhauling, and testing marine diesel engines.
Scale of Operations
GRSE is a diverse, profit earning and the first Shipyard in the nation to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard. GRSE has shipbuilding facilities in Kolkata and a diesel engine plant in Ranchi. It has a strong order book, operates multiple shipbuilding facilities, and continues to increase capacity and exports with the support of ongoing defense and commercial contracts.
