Hindustan Shipyard Limited is a premier shipyard owned and run by the Government of India. The shipyard comes under the Ministry of Defence. It specializes in manufacturing and maintaining defence vehicles like submarines for the Indian Navy. This shipyard was founded as Scindia Shipyard and built by Walchand Hirachand in 1941. The first ship post-independence was constructed in the Scindia shipyard. However, in 1961, the shipyard was nationalised and renamed as Hindustan Shipyard Limited.
Hindustan Shipyard Limited – Overview
| Particulars | Details |
| Company Name | Hindustan Shipyard Limited |
| Industry | Defense Shipbuilding and Heavy Engineering |
| Type | Central Public Sector Undertaking – under Ministry of Defense |
| Founded | 21 June 1941 |
| Founder | Walchand Hirachand |
| Headquarters | Visakhapatnam, Andhra Pradesh, India |
| Chairman & M.D | Chandrasekharan Raghuram |
| Listed – Stocks | Not listed in stock exchange |
| Core Business | Designing, constructing and repairing navy vessels |
| Presence | Indian east coast |
| Official Website | https://hslvizag.in/en/ |
Net Worth and Market Cap
Hindustan Shipyard Limited is a government-owned entity under the Ministry of Defence. The entity for nearly 40 years has various financial struggles. In recent times, the company has achieved major financial health and has its net worth has turned positive. The current net worth of the entity is ₹-351.27 crore with highest production value of ₹1,412.91 crore in financial year 2023-24.
Hindustan shipyard is 100% owned by the Government of India under the Ministry of Defense as such it is a non-listed company with no market cap.
Corporate Leadership
The current Managing Director cum chairman of Hindustan Shipyard Limited is Chandrasekharan Raghuram. He is currently serving as the assistant chief of the Navy and by elected as the head by PESB. The Board of Hindustan Shipyard Limited consists of naval veterans and financial experts who oversee the daily operations of the entity.
Overview of Services
Hindustan Shipyard Limited is the backbone of the Indian Navy. The entity specializes in designing, constructing and maintaining navy vessels like DSV, fleet ships, naval warship and commercial ships. It also excels in constructing and refitting submarines. The shipyard is undergoing an infrastructure upgrade to support and construct advanced navy vessels and submarines.
Scale of Operations
Hindustan Shipyard Limited is the second-largest shipbuilding facility in India. It operates in Visakhapatnam with a highly integrated area of 46 hectares. It can build and repair ships up to 80,000 DWT. Nearly 2000+ personnel work in the shipyard that support and administer activities effectively and efficiently.
