Name

SHOFT Shipyard

Legal name

SHOFT Shipyard Pvt. Ltd.

Website

https://shoft.in

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

SHOFT Shipyard is an Indian private MSME shipyard founded in 1987 in Thane, building commercial and defence vessels — tugs, fuel barges, dredgers, accommodation barges, and India's first battery electric hybrid tug — for the Indian Navy, Coast Guard, domestic maritime operators, and select international customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vessel Construction and Shipbuilding: Shoft Shipyard generates revenue through the construction and delivery of vessels across commercial and defence categories, including tugs, fuel barges, accommodation barges, coastal cargo vessels, dredgers, and auxiliary vessels for Indian and international customers. Revenue is project-based and derived from contract awards (e.g., Ministry of Defence contract for four 500-tonne fuel barges, direct commercial orders). The yard also earns revenue from delivering completed vessels such as India's largest Floating Dry Dock and exporting tugs to international customers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

SHOFT Shipyard designs, builds, and delivers commercial and defence vessels from its shipyard on India's western coast. Its product portfolio spans harbour tugs, coastal cargo vessels, accommodation barges, dredgers, inland ferries, deep sea fishing vessels, destroyer hulls, naval auxiliary vessels, 500-tonne self-propelled fuel barges, floating dry docks, and India's first battery electric hybrid tug. Customers include the Indian Navy, Indian Coast Guard, state-owned shipyards such as Mazagon Dock, and domestic and international commercial maritime operators.

Product overview

Shoft Shipyard is a leading private shipyard established in 1987, situated on India's western coast and led by naval architects and engineers. The company operates as a full-service shipbuilding operation offering a diverse portfolio of vessels across commercial and defense sectors. Their product lineup includes: accommodation barges (275 Men DP2), coastal cargo vessels, destroyer hull construction, defense vessels (INS ASTRADHARINI, Indian Coast Guard Auxiliary Vessels), specialized dredgers (water injection and cutter suction), tugs (25T BP and 30-tonne bollard pull), inland water ferries, deep sea fishing vessels, and 500-tonne fuel barges for the Indian Navy. The company has achieved groundbreaking milestones including India's first locally built torpedo launch vessel (INS ASTRADHARINI), India's largest floating dry dock, and India's first battery electric hybrid tug. Their shipbuilding services span both commercial applications and defense programs under classification rules, with a focus on delivering quality ships on time and cost-efficiently while adhering to international standards.

Differentiator

Problem solved

Functional benefit

Products and services

• 275 Men DP2 Accommodation Barge with 8 pt Mooring Accommodation barge designed to house 275 personnel with DP2 dynamic positioning system and 8-point mooring for stable offshore operations.
• Coastal Cargo Vessel Cargo vessel designed for coastal shipping operations transporting goods along India's coastline.
• Destroyer Hull Construction Construction of destroyer hulls for Indian naval defence programs.
• INS ASTRADHARINI India's first locally built torpedo launch and recovery vessel, a pioneering defence vessel built by the shipyard.
• Indian Coast Guard Auxiliary Vessel Auxiliary vessel for the Indian Coast Guard supporting maritime security and surveillance operations.
• Water Injection Dredger Dredging vessel using water injection technology for seabed excavation and port maintenance.
• Cutter Suction Dredger Dredging vessel equipped with cutter head and suction system for excavating hard materials from water bodies.
• 25T BP Tug Harbour tug with 25-tonne bollard pull capability for ship maneuvering and berthing operations.
• 30-Tonne Bollard Pull Tug Export tug with 30-tonne bollard pull capacity supplied to Netherlands-based Argo Coral Maritime Ltd.
• Inland Water Ferries Ferries designed for passenger and cargo transportation on inland waterways and rivers.
• Deep Sea Fishing Vessels Commercial fishing vessels designed for deep sea fishing operations.
• 500-Tonne Self Propelled Fuel Barge Fuel barge for the Indian Navy providing harbour and anchorage fuel replenishment to ships and submarines.
• Floating Dry Dock India's largest floating dry dock delivered to Mazagon Dock Shipbuilders Ltd for ship repair and maintenance.
• Battery Electric Hybrid Tug India's first battery electric hybrid tug combining conventional propulsion with electric battery power for reduced emissions.

Quantifiable outcome

• Simultaneous keel-laying of four 500-tonne fuel barges — the first time four vessel keels were laid simultaneously at the yard
• +3 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core, major and notable.

• Indian Register of ShippingcoreTechnology or Integration · 2 March 2026Vessels constructed by Shoft Shipyard for the Indian Navy are built under Indian Register of Shipping (IRS) classification rules. IRS provides classification, certification, and technical inspection services for ships, ensuring compliance with maritime safety and regulatory standards.
• Mazagon Dock Shipbuilders LtdmajorOthersShoft Shipyard completed and delivered India's largest Floating Dry Dock to state-owned Mazagon Dock Shipbuilders Ltd. This represents a significant B2G (business-to-government) delivery relationship where Shoft acts as a supplier to one of India's premier state-owned shipbuilders.
• Ocean SparklenotableOthersOcean Sparkle placed multiple orders with Shoft Shipyard during Q1 FY27 for maritime vessels (tugs). Ocean Sparkle is a major Indian maritime operator providing harbour and offshore support services.
• KNK Ship ManagementnotableOthersKNK Ship Management placed multiple orders with Shoft Shipyard during Q1 FY27 for maritime vessels. KNK Ship Management is a ship management company operating commercial vessels.
• Polestar MaritimenotableOthersPolestar Maritime placed multiple orders with Shoft Shipyard during Q1 FY27 for maritime vessels. Polestar Maritime is engaged in maritime operations and vessel management.
• Argo Coral Maritime LtdnotableOthersShoft Shipyard exported two 30-tonne Bollard Pull tugs to Netherlands-based Argo Coral Maritime Ltd. This export relationship demonstrates Shoft's ability to serve international maritime customers and compete in the European market.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dempo Shipbuilding & Engineering: Goa-based private Indian shipyard of similar mid-scale size building tugs, offshore support vessels and barges; closely comparable in scale, product mix and private-yard competitive positioning.
• Cochin Shipyard Limited: One of India's largest shipbuilders, building commercial vessels, naval platforms (aircraft carrier) and offshore structures; directly comparable on diversified commercial + defence portfolio and access to Indian MoD orders.
• L&T Shipbuilding: Shipbuilding arm of Larsen & Toubro building defence vessels, offshore platforms and specialised commercial ships; comparable on large complex naval platforms and integrated engineering capabilities.
• Mazagon Dock Shipbuilders Limited (MDL): Indian public-sector defence shipyard building destroyers, submarines and naval vessels; comparable to Shoft on Indian Navy/Coast Guard naval platforms and is itself a customer of Shoft (purchased India's largest floating dry dock from Shoft).
• Garden Reach Shipbuilders & Engineers (GRSE): Indian public-sector yard building frigates, corvettes, patrol vessels and fast attack craft for the Indian Navy and Coast Guard; comparable on defence vessel focus and MoD procurement access.
• Hindustan Shipyard Limited (HSL): Indian public-sector shipyard in Visakhapatnam building naval platforms, submarines and commercial vessels with ship repair capabilities; directly comparable on Indian defence shipbuilding and dry dock/repair infrastructure.
• Titagarh Marine Systems: Indian shipbuilder focused on tugs, patrol boats, naval craft and inland waterways vessels; closely comparable on tug/harbour vessel product line and Indian Navy/Coast Guard orderbook.

Regional players

• Med Marine: Turkish tugboat and offshore support vessel builder serving European and African port operators; directly comparable product (harbour tugs) and competing geographic footprint to Shoft's European export push.
• Sanmar Shipyard: Turkish shipbuilder specialising in tugboats and harbour craft, an international competitor in the same vessel category Shoft exports; comparable on bollard-pull tug product line though primarily serving EMEA markets.

Broad incumbents

• Damen Shipyards Group: Large global shipbuilder with a standardised portfolio of tugs, workboats, patrol vessels and naval ships; comparable product line especially in harbour/terminal tugs, but operates globally at much greater scale than Shoft.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• LinkedInlinkedin.com/company/shoft-shipyard

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 SHOFT Shipyard