Marine Electricals (India) Ltd

Marine Electricals (India) Ltd Technicals

Marine Electricals (India) Ltd Financials

Marine Electricals (India) Ltd Shareholding Pattern

About Marine Electricals (India) Ltd

Late Mr. Krishnappa Uchil had started a business via a Proprietary concern in the year 1978, which was engaged in the manufacturing of Switch Gears for the Indian Navy. After he expired in the year 2004, the running business of Proprietary firm has been taken over by his family members via M/s Marine Electricals (a Partnership Firm). Later, the said Partnership Firm was converted to a Private Company as 'Marine Electricals (India) Private Limited' on December 04, 2007. The status changed to Public Company and the name of the Company was changed to Marine Electricals (India) Limited on August 01, 2018. With the establishment of Goa Plant, the Company is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. and is also engaged in renewable energy sector speci?cally solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts. The Company offer the entire power systems starting from the generators right up the lighting distribution panels and sockets thus offering a complete system responsibility, using the latest engineering tools it ensure that individual components forming part of the complete system comply with the requirements (short circuit levels, discrimination, cascading, harmonic distortion, failure mode effect analysis, vibration etc.). It has deliver ...ed solutions to a variety of vessels like bulk carriers, container vessels, luxury yachts, offshore vessels, dredgers, frigates, corvettes, fast attack crafts, offshore patrol vessels etc. Apart from this, the Company also provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. In October 2018, the Company came up with a Public Issue of 64,96,000 Equity Shares by raising equity capital from public aggregating to Rs. 42.87 Crore. On 4 January 2023, the Company acquired 75% stake in Xanatos Marine Ltd. Post this transaction, Xanatos Marine Ltd become a subsidiary company of the Company. In 2024, Company undertook several initiatives to promote EV charging solutions through its subsidiary Evigo Charge Private Ltd. Xanatech Synergies Private Limited was incorporated as a subsidiary company cum joint venture company w.e.f 22nd January, 2024. Similarly, Athmar India Private Limited was incorporated as an associate company w.e.f 7th February, 2024. The Company acquired an additional 10% equity stake in Marks Marine Radio Private Limited (MMRPL), which increased the stake in MMRPL from 49.25% to 59.20%, in becoming a subsidiary of the Company in 2026. Similarly, the Company has expanded the business through major data centres and power distribution contracts with the opening of VI facility in Goa in 2026. It has enhanced the naval fleet expansion and have acquired the advanced defence systems during FY26. Also, the Company is expanding its defence offerings beyond conventional electrical systems to include Integrated Platform Management Systems (IPMS), complete electrical installation packages for naval vessels and lifecycle service support for mission-critical defence systems.

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