Cochin Shipyard
Cochin Shipyard Limited is a Government of India PSU that builds and repairs warships, aircraft carriers, commercial vessels, LNG-powered ships, electric tugs, and hydrogen fuel cell ferries, serving the Indian Navy, global shipping lines (CMA CGM, Wilson ASA), port authorities, and state governments from facilities in Kochi, Udupi, and Vadinar.
- Company typePublic
- Founded1972
- HeadquartersPerumanseri, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Cochin Shipyard does
Cochin Shipyard Limited (CSL) is India's first greenfield and most modern shipbuilding and ship repair yard, incorporated in 1972 and headquartered in Kochi, Kerala, with a Miniratna Category-I PSU status and the Government of India holding approximately 67.91% of equity. The company operates two core business segments: shipbuilding (warships for the Indian Navy under Project 17A and ASW SWC programmes, commercial vessels for clients such as CMA CGM and Wilson ASA, LNG-powered container ships, electric tugs, and India's first class-approved indigenous hydrogen fuel cell passenger vessel for IWAI) and ship repair (including upgrades and dry-docking for aircraft carriers INS Vikrant and INS Vikramaditya). Revenue is project-based, generated through direct contracts with the Indian Ministry of Defence, port authorities, state governments, and international shipping lines, with FY26 revenue from operations of ₹5,021.87 crore growing 4.2% year-over-year and an EBITDA margin of 20.9%.
The company's go-to-market combines enterprise field sales with strategic co-development partnerships: direct engagement with the Ministry of Defence and Indian Navy for warship construction, technology collaborations with HD Korea Shipbuilding, Drydocks World, HBL Engineering (Green Maritime Propulsion JV), ABB, and KPIT Technologies for green propulsion systems, and international commercial contracts secured through events such as Singapore Maritime Week. Supporting operations include the wholly-owned Udupi Cochin Shipyard subsidiary (UCSL, acquired 2021), the upcoming ₹1,570 crore Vadinar ship repair cluster with Deendayal Port Authority and Drydocks World, the Marine Engineering Training Institute (METI) GME course, and the USHUS ₹50 crore maritime startup programme with IIT Madras and IIMK LIVE. CSL is positioning to capitalise on India's ambition to become a top-5 global shipbuilding nation by 2047, targeting 5-6% of the commercial ship repair market at Vadinar and pursuing a Navratna upgrade that would expand its operational and financial autonomy.
Cochin Shipyard firmographics
Firmographics- Name
- Cochin Shipyard
- Legal name
- Cochin Shipyard Limited
- Website
- https://cochinshipyard.com
- Company type
- Public
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Cochin Shipyard Limited is a Government of India PSU that builds and repairs warships, aircraft carriers, commercial vessels, LNG-powered ships, electric tugs, and hydrogen fuel cell ferries, serving the Indian Navy, global shipping lines (CMA CGM, Wilson ASA), port authorities, and state governments from facilities in Kochi, Udupi, and Vadinar.
- Ownership category
- akta.pro rank
Cochin Shipyard industry classification
Industry- Product category
- Shipbuilding and Ship Repair
- NAICS
- Ship Building and Repairing (336611), Ship and Boat Building (33661)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Naval Ship Modernization, Refits & Life Extension (Depot Maintenance) (IMAJABAI)
- akta.pro secondary industries
- Surface Combatants (Destroyers, Frigates, Corvettes) (IMAJABAA), Aircraft Carriers & Large Deck Aviation Ships (IMAJABAC), Auxiliary & Logistics Naval Vessels (Replenishment, Support, Hospital) (IMAJABAD), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD)
Keywords
Where Cochin Shipyard is headquartered
LocationHeadquarters
- HQ city
- Perumanseri
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Cochin Shipyard business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D
Revenue model
- Ship Building: Construction of naval warships, commercial vessels, container ships, tugs, ferries, and specialized vessels. Major contracts include Indian Navy warships, CMA CGM container vessels, and government ferry orders.
- Ship Repair: Repair and upgrade services for naval vessels including aircraft carriers, warships, and commercial ships. Includes dry-docking and modernization services.
- Marine Engineering Training: Graduate Mechanical Engineers (GME) 12-month course at Marine Engineering Training Institute (METI), ISO certified training programme
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Shipbuilding contracts - project-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Cochin Shipyard product offering
Product offeringCore offering
Cochin Shipyard designs, builds, and repairs ships and marine platforms for defence and commercial customers. Its shipbuilding portfolio includes naval warships (aircraft carriers, frigates, patrol vessels), large commercial carriers (Very Large Ammonia Carriers, Container Ships, Bulk Carriers, ASD Tugs), and next-generation green vessels (LNG-powered, electric-hybrid, and hydrogen fuel-cell ships). The company also provides ship repair and refit services at its Kochi yard and Ship Repair Facility at Vadinar, and runs a Marine Engineering Training Institute (METI) offering a Graduate Marine Engineer (GME) course.
Product overview
Cochin Shipyard Limited operates as India's premier public sector shipbuilding and ship repair company with Miniratna status. The company offers a comprehensive portfolio centered on two core business segments: ship building (constructing warships, commercial vessels, LNG-powered ships, electric tugs, and hydrogen fuel cell vessels) and ship repair (maintenance and upgrades for naval and commercial vessels). Supporting these core operations are maritime training services through the GME programme, the USHUS startup initiative for maritime innovation, and new ventures in green maritime technology including electric propulsion and hydrogen fuel cells. The company is also expanding into ship repair infrastructure with a major facility at Vadinar, Gujarat.
Differentiator
Problem solved
Functional benefit
Brands
- USHUS: Startup programme to support startups in maritime sector with Rs 50 crore corpus
- METI
- CSL Plus
Products and services
- Naval and Defence Shipbuilding Design and construction of naval warships, aircraft carriers, frigates, patrol vessels, and anti-submarine warfare craft for the Indian Navy, Indian Coast Guard, and Ministry of Defence, including platforms built under India's indigenous warship programme.
- Commercial Shipbuilding Construction of large commercial vessels including Very Large Ammonia Carriers (VLACs), Container Ships, Bulk Carriers, ASD Tugs, cargo ships, and other IMO-class commercial vessels for global shipping operators.
- Green and Alternative Propulsion Shipbuilding Construction of next-generation green-propulsion vessels including LNG-powered ships, electric-hybrid tugs, and hydrogen fuel-cell powered vessels for defence and commercial customers.
- Ship Repair and Refit Services (Kochi) Comprehensive ship repair, maintenance, and refit services for naval and commercial vessels at the Kochi shipyard.
- Ship Repair Facility at Vadinar Dedicated ship repair facility at Vadinar serving commercial and offshore platform operators with repair, maintenance, and refit services.
- Marine Engineering Training Institute (METI) GME Course Residential Graduate Marine Engineer (GME) training programme at the Marine Engineering Training Institute, producing certified marine engineers for the global shipping industry.
Quantifiable outcome
- 7 vessels delivered in 358 days - fastest Indian shipyard record
- +2 more outcomes
Companies that use Cochin Shipyard
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Cochin Shipyard technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Cochin Shipyard partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor, core and flagship.
- IIT Madras and IIMK LIVEminorInstitutional mentorship partnerships for USHUS maritime startup programme, implementing the ₹50 crore corpus fund to support maritime technology ventures.
- HBL EngineeringcoreJoint venture Green Maritime Propulsion Private established with HBL Engineering holding 60% stake and Cochin Shipyard 40%. The venture focuses on developing electric propulsion and energy storage technologies for the maritime sector, headquartered in Hyderabad.
- ABBcoreABB won contract to supply electric tug systems including propulsion, power management and energy storage for quieter, more efficient port operations. Part of India's Green Tug Transition Programme with vessels due for delivery in 2027.
- Maritech Integrated Maritime Private LimitedminorCSL acquired 5% equity stake under USHUS startup programme with ₹50 crore corpus. Maritech developed the Integrated Maritime Exchange platform - a digital marketplace connecting maritime stakeholders for logistics and port services.
- Drydocks World (Dubai)flagshipMoU signed between Cochin Shipyard Limited and Drydocks World to establish a ₹1,570-crore ship repair cluster at Vadinar in Gujarat. This strategic partnership aims to capture 5-6% of the commercial ship repair market and reduce India's dependence on foreign shipyards for large vessel repairs.
- Deendayal Port AuthorityflagshipJoint implementation of ₹1,570 crore ship repair facility at Vadinar, Gujarat. DPA developing civil infrastructure worth ₹650 crore while CSL provides ship repair infrastructure including two large floating docks costing ₹920 crore.
- Centre of Excellence in Maritime & ShipbuildingminorParallel agreement for maritime workforce skill development as part of the Vadinar ship repair cluster project.
- HD Korea Shipbuilding & Offshore Engineering (HD KSOE)coreMoU signed for long-term shipbuilding cooperation as part of India's ambition to become a top-5 global shipbuilding nation by 2047. HD KSOE is a leading South Korean shipbuilder with expertise in LNG carriers and VLCCs.
- CMA CGMcore$360 million contract for constructing six LNG-powered 1,700 TEU container vessels. Landmark order demonstrating India's growing capability in green shipbuilding.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Cochin Shipyard competitors and assessment
Company assessmentRegional players
- Sembcorp Marine: Singapore-based shipbuilder and offshore engineering company with strong ship repair and offshore platform capabilities. Regional competitor in ship repair and offshore structures, comparable in service mix to CSL's repair and offshore segments.
- Drydocks World: UAE-based ship repair and conversion yard that signed a flagship MoU with CSL for the Vadinar repair cluster. Regional peer in ship repair services and a strategic partner rather than a direct newbuild competitor.
Broad incumbents
- Hyundai Heavy Industries: World's largest shipbuilder with broad coverage across commercial, naval, and offshore vessels. Sets the cost and cycle-time benchmark CSL must close to win global commercial orders.
- Fincantieri: Italian shipbuilding group and one of the world's largest builders of cruise ships and naval vessels. Comparable given its dual naval and commercial portfolio and its role as a Western shipbuilding benchmark.
- Damen Shipyards: Dutch global shipbuilder with a strong portfolio of naval, patrol, workboat, and offshore vessels. Comparable in its broad shipbuilding coverage and its capability to serve defence and commercial customers worldwide.
- HD Korea Shipbuilding & Offshore Engineering: South Korean shipbuilding major and global leader in LNG carriers and VLCCs. Recently signed an MoU with CSL and represents the global benchmark that CSL aspires to compete against in commercial shipbuilding.
- Samsung Heavy Industries: South Korean shipbuilder specializing in LNG carriers, drillships, and ultra-large container vessels. Competes in the global commercial newbuild market where CSL is attempting to win export orders.
Direct peers
- Garden Reach Shipbuilders & Engineers: Indian PSU shipyard building frigates, corvettes, and patrol vessels for the Indian Navy and Coast Guard. Competes with CSL on the same naval tenders and shares similar government ownership structure and Mini/Navratna classification.
- Mazagon Dock Shipbuilders: Indian PSU shipyard that builds warships and submarines for the Indian Navy, including destroyers and frigates. Direct competitor for naval defence contracts and the closest peer given similar PSU structure, customer base, and product portfolio.
- Larsen & Toubro Shipbuilding: Indian private-sector shipyard (part of L&T) building defence vessels, commercial ships, and submarines. Competes with CSL for both naval and commercial contracts and is a key rival in the Indian defence shipbuilding ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Cochin Shipyard social profiles
Digital presenceCochin Shipyard compliance and trust
Trust signalCompliance5 records
Cochin Shipyard financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cochin Shipyard leadership team
Management profileNumber of profiles
Cochin Shipyard subsidiaries and ownership
Company hierarchySubsidiaries3 records
Cochin Shipyard funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cochin Shipyard M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cochin Shipyard
What does Cochin Shipyard do?
Cochin Shipyard designs, builds, and repairs ships and marine platforms for defence and commercial customers. Its shipbuilding portfolio includes naval warships (aircraft carriers, frigates, patrol vessels), large commercial carriers (Very Large Ammonia Carriers, Container Ships, Bulk Carriers, ASD Tugs), and next-generation green vessels (LNG-powered, electric-hybrid, and hydrogen fuel-cell ships). The company also provides ship repair and refit services at its Kochi yard and Ship Repair Facility at Vadinar, and runs a Marine Engineering Training Institute (METI) offering a Graduate Marine Engineer (GME) course.
Is Cochin Shipyard a public or private company?
Cochin Shipyard is a public company. It is classified as state government owned and is currently operating.
When was Cochin Shipyard founded?
Cochin Shipyard was founded in 1972. It employs 1,001 to 5,000 people.
Where is Cochin Shipyard based?
Cochin Shipyard is headquartered in Perumanseri, India, in the Asia region.
How does Cochin Shipyard make money?
Three revenue lines are on record. Ship Building is the primary driver. The others are ship Repair and marine Engineering Training.
Who are Cochin Shipyard's main competitors?
Regional players on record are Sembcorp Marine and Drydocks World. Broad incumbents are Hyundai Heavy Industries, Fincantieri, Damen Shipyards, HD Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries. Direct peers are Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders and Larsen & Toubro Shipbuilding.
Does Cochin Shipyard have an API?
No public API is recorded for Cochin Shipyard.
What industry is Cochin Shipyard in?
Cochin Shipyard's product category is Shipbuilding and Ship Repair. Its primary akta.pro industry code is IMAJABAI, Naval Ship Modernization, Refits & Life Extension (Depot Maintenance), with a secondary code of IMAJABAA, Surface Combatants (Destroyers, Frigates, Corvettes). Its NAICS code is 336611 and its SIC code is 3730.