Top 10 Shipping Companies in India 2021

Top 10 Shipping Companies in India, Hello Dear Friends in this article you will get to know about the Top 10 Shipping Companies in India 2021, The Shipping sector is a huge multi-billion dollar business. This industry is the lifeblood of the world economy. India has to have ships that can carry crude oil in heavy quantities.

Cochin Shipyard Limited (CSL) is the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port city of Kochi, in the state of Kerala, India.

Top 10 Shipping Companies in India

The Shipping Corporation of India Ltd (SCI)

The SCI started with 19 ships. Gradually it became a conglomerate with 80 ships of 5.9 million deadweight tons (DWT) with interests in different segments of the maritime trade.

Shipping Corporation of India is the number one shipping company in the country. The company is purely state owned enterprise. It was founded in 1961 in Bombay by the government of India.

• Revenue: The total revenue of the shipping corporation of India ltd until now is around Rs 13,808 crore.
• Operations: The core business of the company is shipping and it has over 79 vessels operational in the sea.
• Employees: Total number of employees working for the company are around 2500 to 3000.
• Headquarters: Company is headquartered in Mumbai and B K Mandal is the MD and chairman.

The Great Eastern Shipping Companies

The third largest shipping company in India is the Great Eastern Shipping Company or also known as GE shipping. It is second biggest private sector shipping after Essar Group. Although it was the biggest private sector company but Essar Shipping has surpassed GE shipping.

The company has two main activities, shipping and offshore. Maritime activity is engaged in the transport of crude oil, petroleum products,

• Revenue: The total revenue of the company generated until now is Rs 8157 crore.
• Operations: The main business of the company is shipping and offshore. It also carries crude oil in bulk and has over 20 vessels.
• Employees: Total number of employees working for the company are around 2000 to 3000.
• Headquarters: Company is based in Mumbai at worli and was founded by Sheths and Bhiwandiwallas. K M Seth is the chairman.

Bharati Shipyard

Bharati Shipyard is fourth largest shipping company in our countdown list. Bharati Shipyard is India’s largest shipbuilding company. This company is only into building ships and not carrying goods like crude oil. The company was founded in 1973.

• Revenue: The total revenue of the Bharati Shipyard is Rs 5257 crore until now.
• Operations: As I said earlier Bharati Shipyard is only in shipbuilding, designing and repairing.
• Employees: Total number of employees are around 3000 to 5000.
• Headquarters: The company is based in Mumbai and the founders are Prakash Kapoor and Vijay Kumar.

Essar Shipping

The second largest shipping company in India is Essar Shipping. Essar Shipping also known as Essar Shipping Ports & Logistics Limited was founded in 1945. It is India’s largest private sector shipping company.

The company is part of the Essar Group.  It is listed on the Bombay Stock Exchange. Essar Shipping Ltd is an integrated logistics services provider engaged in the businesses of sea transportation, logistics services, and oilfields services.

• Revenue: The total revenue of Essar Shipping is around Rs 8383 crore.
• Operations: The company has more than 26 vessels and carry crude oil and other bulk cargo.
• Employees: Total number of employees could be anywhere from 3000 to 6000.
• Headquarters: The company is headquartered in Mumbai with offices in other major ports of the country. Shashi Ruia is the chairman of the company.

ABG Shipyard

The fifth largest shipping company in India is ABG Shipyard. Again it is only a shipbuilding and designing company like Bharati Shipyard. It was founded in the year 1985. Rishi Agarwal is the chairman of the company

• Revenue: The revenue of the company is around Rs 4322 crore until now.
• Operations: The company is into ship building, designing and repairing.
• Employees: The total number of employees are around 3000 to 4000.
• Headquarters: The corporate office of the company is in Mumbai, and it has largest ship repairing unit in Goa. There are two facilities in Gujarat also.

Mercator Limited

The sixth largest shipping company in our countdown list is Mercator Limited. The company was founded in 1983 and it is second largest private sector shipping company in India in terms of tonnage.

• Revenue: The total revenue generated by the Mercator Limited is around Rs 1835 Crore.
• Operations: The company caters shipping, Coal, Dredging and offshore business.
• Employees: The total number of employees working for Mercator limited are estimated to be 2000 to 5000 and they are growing in numbers.
• Headquarters: The company is based in Mumbai and H K Mittal is the chairman of the company.

Gujarat Pipavav

The seventh largest shipping company in our countdown list is Gujarat Pipavav. The company could also be known as Pipavav Shipyard. The company is very new and was founded in year 1997.

• Revenue: The total market capitalization of the Pipavav Shipyard is around Rs 1515 crore.
• Operations: The core business of the company is ship building and they build merchant vessels, Offshore supply vessels, Pressure vessels etc.
• Employees: The total number of employees working for the company could be around 3500 to 5000.
• Headquarters: The company is based in Mumbai and Rajiv Shukla is the current CEO of the company.

Shreyas Shipping

The last shipping company in our countdown list is Shreyas Shipping and it is a privately owned company. The company was founded in the year 1988.

Varun Shipping

Varun shipyard is the eighth largest shipping company in our top 10 countdown list. The company was founded some 27 years ago. It is a privately owned company and growing very fast.

Operations: the company has around 20 ships, 10 LPG transporters, 3 oil tankers, and the core business is energy transport.

• Revenue: The total revenue of Varun Shipping has estimated around Rs 1500 crore and growing very rapidly.
• Operations: The company has around 20 vessels, 10 LPG carriers, 3 crude oil tankers and the core business is energy transportation.
• Employees: The total number of employees is around 3000 to 5000.
• Headquarters: The company is based in Mumbai and said to be the fastest-growing shipping company in India.

Global Offshore Services Ltd

The ninth great shipping company operating in India is Global Offshore private limited. The company was founded by Late Padma Bhushan Dr B D Garware. The company is a privately owned enterprise.

• Revenue: The total revenue of Global Offshore is around Rs 641 Crore.
• Operations: The operation of Global Offshore includes cargo, transfer of personnel, anchor handling operations.
• Employees: The total number of employees which are working for Global Offshore could be around 2000 to 4000.
• Headquarters: The company is based in Mumbai.

Shipping Companies in India (FAQ):

Which is India’s biggest shipping company?

The Shipping Corporation of India is the largest Indian shipping company, established in 1961 through the merger of Eastern Shipping Corporation and Western Shipping Corporation.

What is the number 1 shipping company?