Marine Electricals

What Marine Electricals does

Marine Electricals (India) Limited is a publicly listed (NSE: MARINE), Mumbai-headquartered electrical and automation solutions provider founded in 1978, specializing in mission-critical marine, defense, and industrial applications. The company designs, manufactures, and integrates LV/MV switchboards under its MEcubE+ and MEpoweR+ proprietary brands (type-tested by ASTA to IEC 61439 and IEC 62271-200), Integrated Platform Management Systems (IPMS), Integrated Bridge Systems (IBS), Integrated Navigation and Communication Systems (INCS) with 60+ systems delivered, hybrid electric propulsion systems, vessel traffic management systems (TITAN Sentinel and TITAN AVIPS, positioned as India's first indigenous VTS), and IoT-based energy monitoring and predictive maintenance platforms (MEconnecT). It holds tier-1 supplier status with the Indian Navy, claims a 50% market share in the Navy's electrical segment, operates 12 manufacturing setups, and maintains 30 branch offices and service setups across India alongside wholly-owned subsidiaries MEL Power Systems FZC (UAE) and STI SRL (Italy).

The company serves primary customer segments including the Indian Navy and Coast Guard, defense public-sector shipbuilders (Mazagon Dock, GRSE, Cochin Shipyard, Goa Shipyard), hyperscale and colocation data center operators (STT Global Data Centres, Princeton Digital Group, CtrlS, AdaniConneX), and industrial/infrastructure operators across oil and gas (ONGC), metro rail (Chennai Metro, Pune Metro), airports (Navi Mumbai International), and ports (Mumbai Port Trust). Its go-to-market relies on direct enterprise field sales, multi-year project-based contracts, competitive bidding for defense and government tenders, and event-driven demand generation through industry exhibitions such as SWICON, Nor-Shipping, and the CII Datacenter Blueprint Summit. The company also sells EV charging hardware through its Bijlify brand (subsidiary Evigo Charge) and prefabricated data center powertrains (MEskiD), targeting residential, commercial, and fleet operators respectively.

Marine Electricals generates revenue primarily through one-time equipment supply and turnkey project execution contracts, with secondary streams from aftermarket services and spare parts. FY25-26 revenue was ₹876.94 crore (up 14.32% YoY), Q4 FY26 net profit was ₹18.48 crore (up 38.12% YoY), and the order book stood at ₹500 crore as of May 2026, including a ₹2.09 billion single order and ₹151.6 crore in data center power distribution wins from STT Global Data Centres and Princeton Digital Group. The business model is anchored to large project orders from government defense entities, with a growing counterweight in data centers and EV charging, while long-term supply agreements with Schneider Electric (25,000+ Blokset columns installed globally over 20 years) provide licensed technology depth.

Name

Marine Electricals

Legal name

Marine Electricals (India) Limited

Website

https://marineelectricals.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Marine Electricals is a publicly listed, Mumbai-based electrical and automation solutions provider founded in 1978, supplying power distribution switchboards, integrated platform management, navigation systems, and EV charging hardware to the Indian Navy, defense shipyards, hyperscale data centers, and industrial customers across India, UAE, and Italy.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Supply - Switchboards and Power Distribution: Design, manufacture, and supply of LV/MV switchboards, motor control centers, distribution boards, power distribution units (PDUs), and bus duct systems for marine, defense, and industrial applications. Products include proprietary brands MEcubE+ and MEpoweR+.
2. Integrated Systems - Defense and Marine: Supply and integration of complex systems including Integrated Platform Management System (IPMS), Integrated Bridge System (IBS), Integrated Navigation and Communication Systems (INCS), alarm monitoring systems, and power management solutions for naval and commercial vessels.
3. Project Execution and Installation: Turnkey project execution including design, installation, testing, and commissioning of electrical systems for defense ships, data centers, and infrastructure projects. Services include quick service response for design, installation, and breakdown support for data centers.
4. Aftermarket and Service: Maintenance, spare parts supply, and technical support services for installed base of equipment across defense, marine, and industrial segments.
5. EV Charging Solutions - Bijlify: Sale of EV charging hardware including AC chargers (3.3kW to 11kW) and DC fast chargers (30kW to 60kW+) under Bijlify brand through subsidiary Evigo Charge Pvt. Ltd.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Marine Electricals designs, manufactures, and supplies integrated electrical and automation solutions for marine, defense, data centers, and industrial applications. Core offerings include LV/MV switchboards (MEcubE+ and MEpoweR+ brands), integrated platform management systems (IPMS), integrated bridge systems (IBS), integrated navigation and communication systems, hybrid propulsion systems, and prefabricated integrated powering solutions (MEskiD). The company also sells EV charging hardware and software under the Bijlify brand through its subsidiary Evigo Charge.

Product overview

Marine Electricals is an integrated electrical and automation solutions provider offering a diversified portfolio across marine/defense, commercial marine, industry/building, data centers, maritime domain awareness, and e-mobility sectors. The core offerings center on power generation and distribution systems (LV/MV switchboards under MEcubE+ and MEpoweR+ brands), integrated platform management systems, propulsion systems, and specialized marine electronics. For data centers, they provide PDUs, PCCs, RMUs, and MEskiD integrated powering solutions. Their Bijlify brand (through subsidiary Evigo Charge) covers the complete EV charging ecosystem including AC chargers (3.3kW-11kW), DC fast chargers (30kW-60kW), and management software. The company serves as tier-1 supplier to Indian Navy and global shipyards, holds 50% market share in the electrical segment, and operates 12 manufacturing setups with global service presence.

Differentiator

Problem solved

Functional benefit

Brands

• Bijlify: E-mobility charging brand offering AC and DC smart chargers for electric vehicles under the Bijlify UNIV, PRO, and XTREME product lines.
• MEcubE+
• MEpoweR+
• MEconnect
• MEskiD
• TITAN Sentinel
• TITAN AVIPS

Products and services

• Defence Power Generation and Distribution Systems Switchboards for receiving, measuring, and distribution of electrical energy on naval vessels, including MV switchboards up to 11kV and LV switchboards up to 690V compliant with IEC 61439 standards. Designed for defense ship applications requiring mission-critical reliability.
• Internal Communication System for Naval Vessels Integrated communication systems for naval vessels including Automatic Telephone System (ATS), Self Powered Telephone System (SPT), Public Address-General Alarm System conforming to SOLAS/IMO/IEC standards, Sound Reception System, and Talk-Back System. ATS type-approved by DNV GL, RINA, and CCS classification societies.
• Integrated Bridge System (IBS) System integrating navigation aids, equipment, and sensors for centralized access to sensor information, enhancing safety and navigational efficiency of naval vessels.
• Integrated Platform Management System (IPMS) Centralized control system integrating propulsion, electrical power, damage control, and auxiliary systems for defense ships with real-time monitoring and diagnostic capabilities.
• Electrical and Hybrid Propulsion Systems Advanced maritime propulsion technology for naval vessels and hybrid vessels incorporating green energy components such as solar power, lithium-ion batteries, diesel generators, and permanent magnet alternators. Includes quiet propulsion capability for stealth naval operations and Battery Energy Storage Systems (BESS) with battery management.
• Marine LED Lights Marine lighting range offered through subsidiary McGeoch Marine, including Automatic Emergency Lantern, LED Flush Mounted Lights, LED Flood Lights, LED Pendant Lights, Explosion Proof LED Lights, and LED Weather Deck Lights compliant with IP-65/67 ratings.
• Marine Motors Electric motors and control panels offered through subsidiary Narhari Engineering Works, including brake motors, FLP motors, winged motors, dual speed motors, salvage pump motors, and canned motors ranging from 0.18 KW to 300 KW. Motors comply with classification society standards (NES, IRS, ABS, BV, LRS).
• Defence Ancillary Systems Support systems for naval vessels including Addressable Flood Alarm System (AFAS), Wind Speed & Direction System (compliant with IEC 60945), All Weather Observation System (AWOS), Data Distribution Unit (DDU), and Auto Transfer Switch (ATS). DDU conforms to MIL/JSS 5555 environmental and EMI/C standards.
• Integrated Navigation and Communication Systems (INCS) Integrated navigation and communication solutions for commercial ships with turn-key delivery and long-term spare parts availability. The company has supplied 60+ such systems meeting naval and classification society requirements.
• Commercial Monitoring and Control System Indigenous custom-designed integrated system to monitor and control technical processes in ship engine rooms, enabling watch-free operations on commercial vessels. Delivered since 2017.
• MEcubE+ Low Voltage Switchboard Low voltage switchboard system design verified and extensively tested as per IEC 61439 standards by ASTA, UK. Available in PCC, PMCC, MCC, and IMCC variants with IoT connectivity up to 6300A. Used across industry, data centers, and marine applications.
• MEpoweR+ Medium Voltage Switchboard Medium voltage switchboard ranging 11kV, 22kV, and 33kV with fault levels up to 40kA. Type tested as per IEC 62271-200 by ASTA with Schneider Electric VCB partnership, inbuilt VPIS, AFLR proof, and internal arc compliance. Used in industry, energy infrastructure, and data centers.
• Busducts and Busway Systems Schneider sandwich Busducts up to 6300A and air insulated Busducts up to 6300A, supplied with design, implementation, and execution services for project commissioning across industry, data centers, and infrastructure applications.
• MEskiD Integrated Powering Solutions Ready-to-install prefabricated powertrain solutions for data centers and industries, combining MV switchboard, Ring Main Unit, dry type transformer, bus trunking, cabling, LV distribution system, and UPS integration. Features compartmentalized sections, climate control, fire resistance up to 2 hours, and IoT enablement.
• MEconnecT IoT Automation and Energy Monitoring Platform In-house developed IoT-based smart connectivity platform for energy monitoring, asset management, predictive maintenance, and process control. Available in Silver, Gold, and Platinum packages with multi-protocol communication support for industrial automation.
• TITAN Sentinel and TITAN AVIPS Vessel Traffic Systems Indigenous Vessel Traffic Systems (VTS) for ports and coastal surveillance. TITAN Sentinel targets large and medium-sized ports with 50+ features including AIS satellite integration, radar, CCTV, RDF, VHF, and meteorological sensors, compliant with IALA V-128 and G-1111 guidelines. TITAN AVIPS is a budget-friendly VTS for small and medium ports with real-time AIS/radar target display, auto-tracking, and customizable alarms, aligned with IALA V-128 and G-111 guidelines.
• AIS Monitoring System Land-based monitoring system for ships equipped with AIS technology, gathering data from shore stations, vessels, and satellites with target search capabilities for maritime surveillance and traffic management.
• CSS Coastal Surveillance System Comprehensive coastal security measures incorporating anomaly detection and rule-based analytics for protecting coastal areas from unauthorized access and illicit activities. Sold to coast guard, port authorities, and government security agencies.
• Sensor Equipment (Data Distribution Unit - DDU) Indigenous Data Distribution Unit for distributing navigation sensor data including heading, speed, position, velocity, and acceleration to various ship users via LAN/WAN. Conforms to MIL/JSS 5555 environmental and EMI/C standards.
• Intelligent Building Management Solutions (IBMS) Intelligent Building Management Solutions for comfort, security, and safety in marquee buildings, hotels, hospitals, research labs, and IT parks. Deployed in marquee commercial buildings over the last two decades of rapid urbanization in India.
• Bijlify EV Charging Product Line Complete EV charging product line under the Bijlify brand (sold through subsidiary Evigo Charge Pvt. Ltd), including Bijlify UNIV series AC chargers (3.3kW, 9.9kW), Bijlify PRO series AC chargers (7.4kW, 11kW Type II with OCPP v1.6j), Bijlify XTREME series DC fast chargers (30kW and 60kW CCS-2/CHAdeMO), Bijlify Charge Point Management Software (CPMS), Bijlify Consumer App, and Biz Starter Pack. Supports OCPP, IEC 61851 standards, with BIS/IEC certifications. Sold to residential buildings, commercial complexes, charging station operators, fleet operators, and EV dealers across India.

Quantifiable outcome

• 50% market share in electrical segment serving Indian Navy and global shipyards
• +4 more outcomes

Named customers17 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Vertiv: Global specialist in critical digital infrastructure including data center power distribution, UPS, PDUs, and integrated power trains. Vertiv competes most directly with Marine Electricals' data center business — particularly MEskiD prefabricated powertrains — for hyperscale and colocation customer accounts in India including STT, CtrlS, and AdaniConneX.
• ABB India: Leading manufacturer of switchgear, transformers, drives, and electrical distribution systems in India. ABB competes directly with Marine Electricals in LV/MV switchboards, power distribution, data center electrical, and industrial automation across marine, defense shipyards, and data center verticals.
• Tata Power (EZ Charge): India's largest EV charging network operator under the EZ Charge brand and operator of data center / hyperscale electrical infrastructure projects. Tata Power competes most directly with Marine Electricals' Bijlify EV charging subsidiary and is also a competitor in India's data center power distribution vertical.
• HBL Engineering (formerly HBL Power Systems): Indian electrical equipment manufacturer specializing in industrial batteries, power conversion, and select defense electrical systems. HBL's industrial/defense electrical product portfolio partially overlaps with Marine Electricals' switchboard, propulsion, and power conversion offerings for shipyards and industrial customers.
• CG Power and Industrial Solutions: Indian manufacturer of switchgear, transformers, and power conversion equipment. CG Power's switchboard and industrial electrical product portfolio overlaps directly with Marine Electricals' LV/MV switchboards, motor control centers, and industrial power distribution offerings across Indian infrastructure and industrial customers.
• Siemens India: Major provider of switchgear, low/medium voltage power distribution, data center electrical infrastructure, and industrial automation. Siemens competes head-on with Marine Electricals' MEcubE+/MEpoweR+ switchboards and MEskiD integrated powering solutions across data center and industrial customer segments.
• Schneider Electric India: Global switchgear and electrical distribution leader. Marine Electricals is a 20+ year Schneider Electric Blokset partner and uses Schneider VCB technology in its MEpoweR+ MV switchboards, directly competing with Schneider's own LV/MV switchboard offerings across marine, data center, and industrial segments in India.

Broad incumbents

• Havells India: Large Indian electrical equipment company with broad LV switchgear, MCBs, and industrial electrical products. Havells competes with Marine Electricals in commercial/industrial LV switchboard and power distribution markets though it is not focused on marine/defense/data center integrated solutions.
• Larsen & Toubro (L&T): Large Indian engineering and construction conglomerate with substantial electrical and defense businesses. L&T's defence shipbuilding, switchgear manufacturing, and data center EPC operations overlap with multiple Marine Electricals end-markets, though the conglomerate operates at much larger scale across much broader verticals.
• Bharat Electronics (BEL): Public-sector Indian defense electronics major with extensive naval electronics programs including navigation, communication, and integrated platform management systems. BEL is both adjacent in defense electronics and a potential competitor for IPMS/IBS/INCS contracts on Indian Navy programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/marineelectricals
• Xx.com/MEIPL_India
• Facebookfacebook.com/MarineElectricalsIndiaLimited

Compliance17 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Marine Electricals