SHM Shipcare

What SHM Shipcare does

SHM Shipcare Pvt. Ltd. (operating as SHM Global) is a privately held Indian maritime safety, shipbuilding, and ship-repair group headquartered in Mumbai, with operating roots tracing back to the Hajee family's 1885 ship-chandling business and a corporate lineage restructured around SHM Shipcare in 2001. The group operates two principal divisions: Shipbuilding & Ship Management (vessel construction, repair, dry docking, and chartering through subsidiaries Homa Engineering Works, Craftway Engineers, Sri Balaji Marine, and SHM Shipcare Malaysia/Sri Lanka) and Maritime & Fire Safety (manufacturing, distribution, and servicing of lifeboats, liferafts, rescue boats, fire extinguishers, fixed fire-fighting systems, GMDSS electronics, and survival-craft essentials). The product portfolio spans indigenous innovations such as India's first indigenously manufactured lifeboat (with Palfinger, IRS-certified), the Safin 420 inflatable rescue boat, the Ocean Crewzer high-speed crew-boat family, the MIRA SOLAS-compliant survival water plant, and India's first major Halon-to-Novec 1230 fire-suppression retrofit for Tata Power, alongside distribution partnerships with Survitec, Viking Life-Saving, Harding Safety, McMurdo, and Qingdao Headway.

The business model combines capital-equipment sales (lifeboats, rescue boats, fire systems, FRP/aluminium vessels), recurring maintenance and certification services (lifeboat, liferaft, FRP, firefighting, and immersion-suit servicing across 14+ Indian service stations), ship repair and dry-docking projects, multi-year Fleet Service Agreements, vessel chartering, training seminars, and an e-commerce chandlery (SHM Store with 20,000+ SKUs from 300+ brands). Go-to-market is enterprise-direct, targeting shipping companies, oil & gas operators (notably ONGC), defense and paramilitary (Indian Navy, Coast Guard, BSF), port authorities, and power plants, supported by 25+ locations across 18 Indian port cities plus Singapore, Dubai, Malaysia, and Sri Lanka, and channel partnerships with 27+ lifeboat OEMs.

SHM serves an Indian maritime ecosystem where SOLAS, IRS, PESO, DG Shipping, and classification society approvals (DNV, BV, Lloyds, ABS) form hard regulatory entry barriers, and where the company has accumulated 40+ OEM approvals and a 4,300+ client base. The company is closely held by the Hajee family, with Saifuddin Hajee as Managing Director & Group CEO, division CEOs Aliasgar Hajee (Shipbuilding) and Mohammed Hajee (Marine & Fire Safety), and family members in director-level manufacturing and supply roles; no institutional or private equity ownership is disclosed. Recent strategic activity has centred on product-line indigenization (lifeboat, high-speed aluminium craft), capacity additions (PESO fire station, SHM Academy), and selective commercial diversification (data-center power distribution via Digital Edge DC).

Name

SHM Shipcare

Legal name

SHM Shipcare Pvt. Ltd.

Website

https://shmgroup.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

SHM Shipcare is a Mumbai-based, Hajee-family-owned maritime safety and shipbuilding group that manufactures, distributes, and services lifeboats, rescue boats, fire-safety systems, and survival equipment, while building FRP and aluminium vessels and operating ship-repair, chartering, and training services across India, Singapore, Dubai, Malaysia, and Sri Lanka for shipping, oil & gas, defense, and port-authority customers.

Ownership category

akta.pro rank

Product category

Maritime Safety Equipment and Shipbuilding Services

NAICS

Ship Building and Repairing (336611), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Life-Saving Appliances & Safety Equipment (Davit Systems, Lifeboats, Firefighting) (IMAJAIAG)

akta.pro secondary industries

Search & Rescue (SAR) & Lifeboats (IMAJADAI), Pilot Boats & Crew Transfer/Service Craft (Pilotage, CTV-style workboats) (IMAJADAG), Underwater Hull Inspection, Cleaning & Propeller Services (TLAKAKAJ)

Keywords

• Maritime safety equipment
• Lifeboat manufacturing
• Ship repair services
• Fire safety systems
• Vessel chartering

Headquarters

HQ city

Bombay Mazagaon

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Maritime Safety Products: Sale of lifeboats, rescue boats, liferafts, personal life-saving appliances, fire safety equipment, GMDSS electronics, and survival craft essentials to maritime operators.
2. Maintenance and Servicing: Recurring revenue from inspection, servicing, and certification of lifeboats, liferafts, fire safety equipment, immersion suits, and marine electronics across 14+ service stations in India.
3. Ship Repair and Dry Docking: General ship repairs, dry docking services, FRP boat repairs, and engineering services through group companies Homa Engineering Works and Sri Balaji Marine.
4. Vessel Chartering: Chartering of patrol boats, crew boats, pilot launches, security boats, and multi-purpose vessels to maritime authorities and oil & gas companies.
5. E-commerce Store: Online retail platform offering 20,000+ products across 30+ categories with 300+ brands for ship supply and maritime equipment.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

SHM Shipcare designs, manufactures, supplies, and services maritime safety and survival systems — including lifeboats, rescue boats, liferafts, personal life-saving appliances, fire safety equipment, GMDSS electronics, and survival craft essentials — alongside shipbuilding, ship repair, dry docking, FRP boat construction, and vessel chartering for shipping companies, offshore oil & gas operators, defense agencies, and port authorities. Operations span indigenous vessel manufacturing (India's first IRS-certified lifeboat, Safin 420 inflatable rescue boat, Ocean Crewzer high-speed crew boat, bulletproof FRP boats for BSF), through certified servicing across 14+ Indian ports and 4 international offices, complemented by an e-commerce storefront distributing 20,000+ marine products.

Product overview

SHM Shipcare (operating as SHM Global) is a maritime safety and survival solutions company offering an integrated portfolio of products and services. The product range centers on life-saving equipment including lifeboats, rescue boats, liferafts, personal flotation devices (lifejackets, immersion suits, lifebuoys), fire safety systems (extinguishers, fixed fire-fighting systems, breathing apparatus), GMDSS communication equipment, pyrotechnics, and marine chemicals/paints. Services span the complete vessel lifecycle including ship repair and dry docking, specialized maintenance (lifeboat, liferaft, FRP boat, firefighting equipment), training programs, chartering, and fleet service agreements. The company operates through two specialized divisions: Shipyard & Shipmanagement (vessel construction, repair, chartering) and Maritime Safety (comprehensive fire and marine safety products and services). Key products include Guardian series lifejackets, Safin 420 inflatable rescue boat, Free Fall and Totally Enclosed lifeboats, McMurdo GMDSS equipment, Vulcan F2 fire suits, Dura FRP cabinets, and various commercial/defense vessels. The company has 139 years of legacy, 600+ experts, operations across 25+ locations in 18 Indian port cities plus Singapore, Dubai, Malaysia, and Colombo.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Life-Saving Appliances SOLAS-compliant lifejackets (Guardian, Rafter, Sailor, Seahorse, inflatable 150N/275N), immersion suits (Crimson I1), thermal protective aids (Therma T1), lifebuoys (Safebuoy 40, Safebuoy 25, Horse Shoe), and emergency lights for personal maritime survival.
• Lifeboats IMO/SOLAS approved Free Fall Lifeboats, Totally Enclosed Lifeboats, and Partially Enclosed Lifeboats with davit systems for vessel emergency evacuation, representing 30+ OEM brands globally.
• Rescue Boats Safin 420 Inflatable Rescue Boat (SOLAS/EC/MED compliant), Stallion Fast Rescue Boats, Rigid Inflatable Boats (RIB), and Gemini Boats for maritime emergency response.
• Liferafts Throw Over-board Liferafts, Davit Launched Liferafts, and accessories including Deck Cradles, Hydrostatic Release Units, and survival equipment.
• Davits & Winches Boat deployment and retrieval systems including Free-Fall Davits, Platform/Rig Davits, Gravity Luffing/Rolling Davits, Totally Enclosed Davit Systems, Rescue Boat Davits, and Electric Boat Winches.
• Military & Defense Boats Military-grade vessels including Rigid Inflatable Boats (RIB), Gemini Boats, Immediate Support Vessels (ISV) for Indian Navy, Sagar Kavach 22m Bulletproof Fast Attack Craft, Sagar Kesari 11m Bulletproof Mechanized Craft, and Barracuda Fast Attack Craft.
• Commercial & Work Boats Commercial vessels including Ocean Cruiser crew boats, Ferrycat 50 ferry, Firecat 40 fire boat, Patrol Boats, Pilot Boats, Salmon 21, Snapper 22 Multi Purpose Boat, and Ambulance Boats.
• Yachts
• GMDSS Equipment
• Pyrotechnics
• Fire Extinguishers
• Fixed Fire-Fighting Systems
• Fire Suits and Breathing Devices
• Marine Chemicals and Paints
• General Ship Repair & Dry Docking Services
• Lifeboat & Rescue Boat Servicing
• Inflatable Liferaft Servicing
• Cargo Gear Services
• Marine Electronic Services
• Firefighting Appliance Servicing
• FRP Boat Repairs
• Immersion Suit & Lifejacket Servicing
• Ship & Boat Chartering
• Pyrotechnics Disposal
• Training Seminars & Workshops
• Fleet Service Agreements
• FRP Boat Construction and Shipyard Services
• SHM Store E-commerce Platform Online retail platform offering 20,000+ marine products across 30+ categories and 300+ brands for ship supply and maritime equipment needs.

Quantifiable outcome

• 100% SOLAS compliance record maintained across all serviced vessels
• +2 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered flagship, core and minor.

• PalfingerflagshipStrategic or Co-development Partner · 1 October 2024Partnership for manufacturing India's first indigenously produced lifeboat, strengthening India's maritime safety manufacturing capabilities. Product received IRS certification.
• Craftway Engineers Ltd.coreStrategic or Co-development Partner · 1 January 2014Acquired in 2009 to enter FRP boat building. ISO 9001 certified subsidiary for indigenous FRP boat construction.
• Sri Balaji Marine & Civil Engg. WorkscoreStrategic or Co-development Partner · 1 January 2009Group company providing additional ship repair capabilities and engineering expertise.
• Survitec GroupcoreChannel Partner/ Reseller/ Distributor · 1 January 2004Sole agent of Survitec Group in India since 2004 for maritime survival equipment distribution.
• Viking Life-SavingcoreChannel Partner/ Reseller/ Distributor · 1 January 2004Sole agent of Viking Life-Saving in India since 2004 for liferafts and maritime safety equipment distribution.
• Umoe Schat Harding (now Harding Safety AS)coreStrategic or Co-development Partner · 1 January 2002Partnership established in 2002 enabling SHM to pioneer lifeboat servicing in India. Harding Safety AS is a leading global lifeboat manufacturer.
• McMurdo (Seas of Solutions)coreChannel Partner/ Reseller/ DistributorAuthorized distributor and service partner for McMurdo GMDSS electronics, EPIRBs, AIS equipment, and maritime communication devices.
• Qingdao HeadwayminorChannel Partner/ Reseller/ DistributorAuthorized distributor for positioning, navigation and timing equipment.
• Homa Engineering WorkscoreStrategic or Co-development PartnerAcquired in 2007 to expand ship repair capabilities. Provides over five decades of expertise in ship repairs.
• Pavlo Fire-EngineerscoreStrategic or Co-development PartnerAcquired in 2013 to enter fire extinguisher manufacturing, expanding fire safety product capabilities.
• Balaji Marine and Civil Engineering WorkscoreStrategic or Co-development PartnerGroup company in Visakhapatnam with PESO-approved facility for disposal of expired maritime pyrotechnics.

Scale indicators12 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Palfinger Marine: Austrian maker of lifeboats, davits and deck handling equipment. SHM co-developed India's first indigenous lifeboat with Palfinger, making it a direct comparable in lifeboat/davit manufacturing and a strategic partner/competitor.
• Viking Life-Saving Equipment: Danish manufacturer of liferafts, immersion suits, and marine safety equipment. SHM has been Viking's sole India agent since 2004 — directly comparable in product portfolio and global-to-India distribution model.
• Survitec Group: Global leader in survival solutions (lifeboats, liferafts, immersion suits). SHM has been its sole India distributor since 2004, making them the closest direct comparator in maritime safety equipment manufacturing, distribution, and service.
• Harding Safety (now part of Palfinger Marine): Norwegian lifeboat manufacturer whose 2002 partnership pioneered lifeboat servicing in India for SHM. Direct peer in lifeboat servicing, retrofit and refit work.

Regional players

• Grandweld Shipyards: UAE-based shipbuilder focused on patrol boats, crew boats, and offshore vessels for the Middle East. Comparable with SHM's aluminium fast crew boats (Ocean Crewzer, Sea Stallion) and patrol craft offerings for oil & gas and government clients.
• Cochin Shipyard Limited: India's largest public-sector shipbuilder (PSU) building naval, commercial and offshore vessels with ship repair at Kochi. Regional peer competing for the same Indian Navy, Coast Guard, and ONGC contracts SHM targets.
• Mandovi Drydocks: Goa-based Indian ship repair and small-vessel builder. Comparable in vessel construction and ship repair services for the Indian maritime sector, particularly defence and commercial drydocking work.
• Larsen & Toubro Shipbuilding: Indian diversified conglomerate's shipbuilding arm operating large defence and commercial shipyards. Comparable on defence vessel building, patrol craft, and large-scale ship repair — competes for the same marquee Indian defence and PSU contracts.

Emerging players

• IMC Group (Imran Marine & Engineering Co.): Middle East-based provider of marine safety equipment and ship services. Comparable with SHM's distribution and servicing of life-saving/fire safety equipment across maritime clients.

Broad incumbents

• Damen Shipyards Group: Dutch global shipbuilder with broad portfolio including workboats, patrol vessels and ship repair services. A broader incumbent that overlaps with SHM's commercial boat building, patrol boat, and ship repair activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SHMShipcare
• Facebookfacebook.com/SHMShipcare

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 SHM Shipcare