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ABS Marine

Full company profile

uuid0003n2m

Namestring
ABS Marine
Legal namestring
ABS Marine Services Limited
Websiteurl
absmarine.com
Company typeenum
Private
Founded yearint
1992
Descriptiontext

ABS Marine Services Limited (NSE: ABSMARINE) is a Chennai-based, publicly listed Indian offshore support vessel operator serving oil and gas exploration and production companies on India's east coast. Founded in 1992 by P. B. Narayanan, the company owns and operates specialized marine assets — Anchor Handling Tug Supply (AHTS) vessels and Multi-Purpose Support Vessels (MPSV) — used for anchor handling, tug supply, and general offshore logistics in support of petroleum E&P activity. The fleet includes MV ARTEMIS (deployed on a ₹126.12 crore, 5+5 year charter with Hardy Exploration & Production India Inc.), the recently delivered OSV HADES, and an MPSV contracted for Q1 FY27 delivery.

The business model is anchored in long-term, recurring enterprise charter contracts — typically 5-year firm terms with extension options — negotiated directly with offshore energy operators. Revenue is therefore subscription-like in character (recurring contracted utilization) and supplemented by managed offshore support services. Pricing is not publicly disclosed but is structured per-vessel per-contract with enterprise customers. FY26 total income reached ₹322.64 Cr (75.05% YoY growth) with a 47.28% EBITDA margin and ₹80.80 Cr in profit after tax.

The company is currently executing a fleet expansion strategy, acquiring vessels from the international market to upgrade service capability and target higher-value assignments. Beyond commercial operations, ABS Marine has engaged in litigation against the Andaman and Nicobar Administration, culminating in a Supreme Court victory upholding contractual fairness against unilateral government penalty deductions. The company's GTM is direct enterprise field sales to a narrow set of oil & gas exploration operators, with no consumer or SMB channel and limited public marketing presence beyond press releases on contract wins and financial results.

Short descriptiontext

ABS Marine Services Limited is a publicly listed Chennai-based operator of offshore support vessels (AHTS and MPSV) providing anchor handling, tug supply, and offshore logistics services to oil and gas exploration companies on India's east coast under long-term charter contracts.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersChennai, India
HQ citystring
Chennai
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
offshore support vessels, marine charter services, anchor handling tug supply, offshore oil and gas, marine vessel operations
Industry2 codes
1Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters)
CodeEUALABAJPrimaryYes
2Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS)
CodeTLADABALPrimaryNo
NAICS code2 codes
  • Support Activities for Water Transportation4883
  • Other Support Activities for Water Transportation48839
SIC code3 codes
  • Oil & Gas Field Services, Nec1389
  • Water Transportation4400
  • Oil & Gas Field Machinery & Equipment3533
Product category
Offshore Marine Services
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Vessel Charter Services
TypeSubscription Recurring
Description

ABS Marine generates revenue through long-term charter party agreements for its Anchor Handling Tug Supply (AHTS) vessels and Multi-Purpose Support Vessels (MPSV). Contracts are typically 5 years firm with options for extension, providing revenue visibility and stable vessel utilization. The company owns and operates its fleet, with revenue driven by fleet expansion and improved utilization rates.

tribuneindia.com
2Offshore Support Services
TypeManaged Services
Description

Revenue from providing offshore support vessel services including anchor handling, tug supply, and general offshore support for petroleum exploration and production activities on India's east coast.

thehindubusinessline.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Infrastructure, Operations, Personnel, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

ABS Marine Services Limited operates a fleet of offshore support vessels providing charter services to oil and gas exploration and production companies. The company specializes in Anchor Handling Tug Supply (AHTS) vessels including MV ARTEMIS and HADES, as well as Multi-Purpose Support Vessel (MPSV) operations, offering anchor handling, tug supply, and offshore logistics on long-term charter contracts primarily supporting petroleum exploration on India's east coast.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 75.05% year-on-year revenue growth in FY26
+3 more records
Product overview1 text field

ABS Marine Services operates a fleet of owned and chartered offshore support vessels providing marine services to the oil and gas industry. The company offers offshore support services including anchor handling, tug supply, and general offshore vessel operations. Their fleet includes owned vessels like the HADES and MPSV, as well as chartered vessels such as MV ARTEMIS deployed on long-term contracts supporting petroleum exploration and production activities on India's east coast.

Product and service2 records
1AHTS Vessel Charter Services
CategoryOffshore Vessel Charter
Description

Charter of Anchor Handling Tug Supply vessels including MV ARTEMIS and HADES to oil and gas exploration companies for anchor handling, towing, and offshore platform supply operations.

2MPSV Operations
CategoryOffshore Vessel Charter
Description

Multi-Purpose Support Vessel charter services for offshore logistics, supply, and subsea support activities for oil and gas operators.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Hardy Exploration & Production (India) Inc
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-26
Description

ABS Marine Services signed a ₹126 crore Charter Party Agreement with Hardy Exploration & Production (India) Inc for deployment of its Anchor Handling Tug Supply vessel MV ARTEMIS. The contract carries a firm tenure of 5 years with an option for extension of another 1,825 days (5 years), supporting petroleum exploration and production activities on India's east coast.

thehindubusinessline.com
Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

ABS Marine

Offshore Marine Servicesabsmarine.com

ABS Marine Services Limited is a publicly listed Chennai-based operator of offshore support vessels (AHTS and MPSV) providing anchor handling, tug supply, and offshore logistics services to oil and gas exploration companies on India's east coast under long-term charter contracts.

What ABS Marine does

ABS Marine Services Limited (NSE: ABSMARINE) is a Chennai-based, publicly listed Indian offshore support vessel operator serving oil and gas exploration and production companies on India's east coast. Founded in 1992 by P. B. Narayanan, the company owns and operates specialized marine assets — Anchor Handling Tug Supply (AHTS) vessels and Multi-Purpose Support Vessels (MPSV) — used for anchor handling, tug supply, and general offshore logistics in support of petroleum E&P activity. The fleet includes MV ARTEMIS (deployed on a ₹126.12 crore, 5+5 year charter with Hardy Exploration & Production India Inc.), the recently delivered OSV HADES, and an MPSV contracted for Q1 FY27 delivery.

The business model is anchored in long-term, recurring enterprise charter contracts — typically 5-year firm terms with extension options — negotiated directly with offshore energy operators. Revenue is therefore subscription-like in character (recurring contracted utilization) and supplemented by managed offshore support services. Pricing is not publicly disclosed but is structured per-vessel per-contract with enterprise customers. FY26 total income reached ₹322.64 Cr (75.05% YoY growth) with a 47.28% EBITDA margin and ₹80.80 Cr in profit after tax.

The company is currently executing a fleet expansion strategy, acquiring vessels from the international market to upgrade service capability and target higher-value assignments. Beyond commercial operations, ABS Marine has engaged in litigation against the Andaman and Nicobar Administration, culminating in a Supreme Court victory upholding contractual fairness against unilateral government penalty deductions. The company's GTM is direct enterprise field sales to a narrow set of oil & gas exploration operators, with no consumer or SMB channel and limited public marketing presence beyond press releases on contract wins and financial results.

ABS Marine firmographics

Firmographics
Name
ABS Marine
Legal name
ABS Marine Services Limited
Website
https://absmarine.com
Company type
Private
Founded year
1992
Operating status
Operating
Headcount range
51–100 employees
Short description
ABS Marine Services Limited is a publicly listed Chennai-based operator of offshore support vessels (AHTS and MPSV) providing anchor handling, tug supply, and offshore logistics services to oil and gas exploration companies on India's east coast under long-term charter contracts.
Ownership category
akta.pro rank

ABS Marine industry classification

Industry
Product category
Offshore Marine Services
NAICS
Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)
SIC
Oil & Gas Field Services, Nec (1389), Water Transportation (4400), Oil & Gas Field Machinery & Equipment (3533)
akta.pro primary industry
Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)
akta.pro secondary industry
Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

Keywords

  • Offshore support vessels
  • Marine charter services
  • Anchor handling tug supply
  • Offshore oil and gas
  • Marine vessel operations

Where ABS Marine is headquartered

Location

Headquarters

HQ city
Chennai
HQ country
India
HQ region
Asia

Markets served

ABS Marine business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel, Supply Chain

Revenue model

  1. Vessel Charter Services: ABS Marine generates revenue through long-term charter party agreements for its Anchor Handling Tug Supply (AHTS) vessels and Multi-Purpose Support Vessels (MPSV). Contracts are typically 5 years firm with options for extension, providing revenue visibility and stable vessel utilization. The company owns and operates its fleet, with revenue driven by fleet expansion and improved utilization rates.
  2. Offshore Support Services: Revenue from providing offshore support vessel services including anchor handling, tug supply, and general offshore support for petroleum exploration and production activities on India's east coast.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

ABS Marine product offering

Product offering

Core offering

ABS Marine Services Limited operates a fleet of offshore support vessels providing charter services to oil and gas exploration and production companies. The company specializes in Anchor Handling Tug Supply (AHTS) vessels including MV ARTEMIS and HADES, as well as Multi-Purpose Support Vessel (MPSV) operations, offering anchor handling, tug supply, and offshore logistics on long-term charter contracts primarily supporting petroleum exploration on India's east coast.

Product overview

ABS Marine Services operates a fleet of owned and chartered offshore support vessels providing marine services to the oil and gas industry. The company offers offshore support services including anchor handling, tug supply, and general offshore vessel operations. Their fleet includes owned vessels like the HADES and MPSV, as well as chartered vessels such as MV ARTEMIS deployed on long-term contracts supporting petroleum exploration and production activities on India's east coast.

Differentiator

Problem solved

Functional benefit

Products and services

  • AHTS Vessel Charter Services Charter of Anchor Handling Tug Supply vessels including MV ARTEMIS and HADES to oil and gas exploration companies for anchor handling, towing, and offshore platform supply operations.
  • MPSV Operations Multi-Purpose Support Vessel charter services for offshore logistics, supply, and subsea support activities for oil and gas operators.

Quantifiable outcome

  • 75.05% year-on-year revenue growth in FY26
  • +3 more outcomes

Companies that use ABS Marine

Customer profile

Named customers2 records

Segments2 records

Ideal customer profiles2 records

ABS Marine technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

ABS Marine partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Hardy Exploration & Production (India) InccoreStrategic or Co-development Partner · 26 June 2026ABS Marine Services signed a ₹126 crore Charter Party Agreement with Hardy Exploration & Production (India) Inc for deployment of its Anchor Handling Tug Supply vessel MV ARTEMIS. The contract carries a firm tenure of 5 years with an option for extension of another 1,825 days (5 years), supporting petroleum exploration and production activities on India's east coast.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

ABS Marine competitors and assessment

Company assessment

Market position

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

ABS Marine financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ABS Marine leadership team

Management profile

Number of profiles

Profiles1 record

ABS Marine funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

ABS Marine M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ABS Marine

What does ABS Marine do?

ABS Marine Services Limited operates a fleet of offshore support vessels providing charter services to oil and gas exploration and production companies. The company specializes in Anchor Handling Tug Supply (AHTS) vessels including MV ARTEMIS and HADES, as well as Multi-Purpose Support Vessel (MPSV) operations, offering anchor handling, tug supply, and offshore logistics on long-term charter contracts primarily supporting petroleum exploration on India's east coast.

Is ABS Marine a public or private company?

ABS Marine is a private company. It is classified as public and is currently operating.

When was ABS Marine founded?

ABS Marine was founded in 1992. It employs 51 to 100 people.

Where is ABS Marine based?

ABS Marine is headquartered in Chennai, India, in the Asia region.

How does ABS Marine make money?

Two revenue lines are on record. Vessel Charter Services are the primary driver. The others are offshore Support Services.

Does ABS Marine have an API?

No public API is recorded for ABS Marine.

What industry is ABS Marine in?

ABS Marine's product category is Offshore Marine Services. Its primary akta.pro industry code is EUALABAJ, Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters), with a secondary code of TLADABAL, Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS). Its NAICS code is 4883 and its SIC code is 1389.

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Live signals
Financial ExpressRs 84,084 Cr offshore push: 2 shipping stocks that could profit from a new demand cycleIndia's offshore exploration push is opening opportunities for Platform Supply Vessels, with ABS Marine Services and Shipping Corporation of India highlighted. ABS Marine secured a ₹26.70-crore L&T contract and a five-year charter, while SCI ordered a methanol-fuelled PSV. The offshore market is projected to grow from $956.1 million in 2024 to $1.09 billion by 2029.Construction WorldABS Marine Sees CRISIL Credit Rating UpgradeABS Marine Services has secured an upgrade to its long-term and short-term credit ratings from CRISIL, with the long-term rating moved from BBB+/Stable to A-/Stable and the short-term rating revised from A2 to A2+. The upgrade reflects improved profitability, stronger cash flows, and enlarged bank loan facilities growing from Rs 3,705 million to Rs 5,055 million, supported by a reported net profit of Rs 808 million. The rating action is expected to enhance ABS Marine's access to capital and lower borrowing costs, validating the company's recovery and renewed growth prospects.The TribuneABS Marine Services Receives CRISIL Credit Rating Upgrade; Long-Term Rating Upgraded to A-/Stable and Short-Term Rating to A2+CRISIL Ratings upgraded ABS Marine Services Limited's Long-Term bank facility rating to CRISIL A-/Stable from CRISIL BBB+/Stable and Short-Term rating to CRISIL A2+ from CRISIL A2, while also enhancing the total rated bank loan facilities to ₹505.50 crore from ₹370.50 crore. The upgrade was driven by the company's strong operating performance, robust revenue growth, improving profitability, healthy cash flows from long-term charter contracts with clients including ONGC and Schlumberger, and a strong financial risk profile. For FY26, the company reported consolidated total income of ₹322.64 crore, EBITDA of ₹152.55 crore, and net profit of ₹80.80 crore.The TribuneABS Marine Services Secures Rs. 126.12 Cr Long-Term Charter Contract for Offshore Support Vessel MV ARTEMISABS Marine Services Limited has signed a Charter Party Agreement with Hardy Exploration & Production (India) Inc., on behalf of its joint venture partners ONGC and Invenire Petrodyne Limited, for the deployment of its Anchor Handling Tug Supply vessel MV ARTEMIS. The vessel will support petroleum exploration and production activities on the east coast of India under a firm 5-year charter (1,825 days) valued at approximately ₹126.12 crore (inclusive of GST), with an optional extension for an additional 5 years. The contract reinforces ABS Marine Services' position as a trusted offshore service provider and enhances revenue visibility through long-term vessel utilization.BusinessLineABS Marine Services secures ₹126 crore charter contractABS Marine Services has signed a ₹126 crore Charter Party Agreement with Hardy Exploration & Production (India) Inc for the deployment of its Anchor Handling Tug Supply vessel MV ARTEMIS to support petroleum exploration and production activities on India's east coast. The contract carries a firm tenure of 5 years with an option for extension of another 1,825 days, providing the company with long-term revenue visibility and stable vessel utilization. The company stated it remains well-positioned to capitalize on increasing domestic exploration and offshore energy development opportunities to further expand its offshore support services presence.ScanXABS Marine wins ₹126.12 Cr charter deal from Hardy ExplorationABS Marine Services has signed a 5-year charter party agreement with Hardy Exploration & Production (India) Inc. for the deployment of its vessel MV ARTEMIS, valued at ₹126.12 crore. The contract includes an option to extend for an additional 5 years and will support petroleum exploration activities on the east coast of India. This deal represents a significant revenue visibility opportunity for ABS Marine Services in the offshore energy sector.The TribuneABS Marine Services Reports Strong Margin Growth with EBITDA Margin up 1,667 Bps in H2 FY26 and 1,763 Bps in FY26ABS Marine Services Limited reported strong financial results for FY26, with total income of ₹322.64 Cr representing 75.05% year-on-year growth, driven by expansion of its asset base and increasing contribution from its owned fleet. EBITDA margin expanded by 1,763 basis points to 47.28%, while profit after tax surged 196.45% to ₹80.80 Cr. The company attributed the robust growth to improved fleet utilization, operational efficiencies, and strategic asset additions strengthening its offshore capabilities.Telegraph IndiaSupreme Court rules government cannot impose one-sided contracts, upholds right to fair adjudication - Telegraph IndiaThe Supreme Court of India has ruled that the government cannot impose one-sided contractual terms on private parties, stating that allowing a party to be judge in its own cause would mock notions of justice and fair play. The ruling arose from a dispute between ABS Marine Services and the Andaman and Nicobar Administration, where the administration had unilaterally deducted ₹2,87,84,305 as a penalty from the marine company's pending bills without independent adjudication. The Court set aside a Calcutta High Court judgment and upheld an arbitral award directing the administration to refund the amount with 9% interest.The TribuneABS Marine Services Acquire Offshore Support/Supply Vessel (MPSV); The Vessel to Fleet in Q1 FY27ABS Marine Services Limited has entered into a contract to acquire an Offshore Support/Supply Vessel (MPSV) from the international market, with delivery expected in Q1 FY27 (April-June 2026). The acquisition aims to strengthen the company's owned fleet, reduce dependence on third-party vessels, and improve operational efficiency and margin realization. The expanded fleet is expected to enable participation in higher-value offshore assignments amid India's renewed focus on domestic energy exploration and reduced import dependence.Investing.comMicrocap Stock Jumps 5% After It Announces Acquisition of Offshore Support Vessel By Trade BrainsABS Marine Services Limited, an Indian maritime services company, announced the acquisition of a new Offshore Support/Supply Vessel as part of its fleet expansion strategy, with delivery expected in Q1 FY 2026-27. The announcement caused the company's shares to rise 5.3% to Rs. 168.90, driven by strong financial performance including 70% revenue growth and 288% net profit growth in the September 2025 quarter compared to the prior year period. The acquisition is expected to strengthen the company's fleet capacity and operational capabilities in offshore marine services, positioning it to serve growing demand in the oil, gas, and renewable energy sectors.