What Dempo Shipbuilding & Engineering does

Dempo Shipbuilding & Engineering Pvt. Ltd. is a privately held Indian shipbuilder founded in 1957 and headquartered in Panaji, Goa, operating as part of the Dempo Group conglomerate. The company runs two state-of-the-art shipyards in Goa — the Bainguinim Yard on the Mandovi River at Old Goa (with slipway, hydraulic winch, two dry docks, machine shop, two outfitting quays, and mechanical/electrical/steel workshops) and the Undir Yard on the Zuari River at Bandora (with side launching bays, machine shop, two outfitting quays, workshops and storage). It serves the Indian Coast Guard for defence shipbuilding and Indian commercial shipping companies for new vessel construction, with ongoing annual hull and ASD maintenance for interceptor boats. The company also offers ship refits, conversions and modernisations, including role conversions such as the conversion of a dumb barge to a self-propelled back hoe dredger.

Revenue is generated through project-based contracts: one-off new-build commissions for defence and commercial vessels, recurring repair and maintenance services, and professional-services engagements for refits and conversions. Go-to-market is direct B2B enterprise sales targeting government defence agencies, state governments, and commercial shipping companies, with customer acquisition driven by industry reputation, prior work and strategic partnerships rather than digital marketing. The company is registered with the Indian Coast Guard for defence work and in September 2023 signed an MoU with Defence PSU Garden Reach Shipbuilders & Engineers (GRSE) for commercial vessel construction, signalling expansion of its addressable market. Recent notable projects include a 10T Bollard Pull Tug launched in 2024 and a 4000T Floating Dock under construction for the Goa Government (keel laid December 2023). Headcount is reported in the 11-50 range, and no revenue, headcount growth trend, or ownership details beyond the Dempo Group parentage are disclosed.

Name

Dempo Shipbuilding & Engineering

Legal name

Dempo Shipbuilding & Engineering Pvt. Ltd.

Website

https://dspl.co.in

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

Dempo Shipbuilding & Engineering is a Goa-based, privately held Indian shipbuilder operating two yards on the Mandovi and Zuari rivers, serving the Indian Coast Guard and commercial shipping clients with new vessel construction, ship repairs, and refit and conversion services.

Ownership category

akta.pro rank

Product category

Shipbuilding & Marine Engineering

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), 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

Naval Shipbuilding Program Management & Defense Contracting Support (IMAJABAO), Naval & Government Vessel Maintenance & Modernization (TLAKAKAB), Naval MRO, Modernization & Retrofit Kits (IMABAKAN)

Keywords

• Shipbuilding services
• Defence vessel construction
• Ship repair maintenance
• Vessel refit modernization
• Marine engineering

Headquarters

HQ city

Goa

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Shipbuilding: Custom vessel construction including defence vessels (registered with Indian Coast Guard) and commercial vessels. Project-based revenue with long development and construction cycles.
2. Ship Repairs: Comprehensive ship repair services including annual underwater hull inspections, ASD routines, and routine maintenance for commercial and defence vessels.
3. Ship Refits and Conversions: Conversion and modernization services including role conversions, re-equipping, and vessel modifications (e.g., dumb barge to self-propelled back hoe dredger conversions).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Dempo Shipbuilding & Engineering builds, repairs, and modernizes vessels from two shipyards in Goa, India. The company provides defence shipbuilding (registered with the Indian Coast Guard), commercial shipbuilding (new builds and conversions), ship refits (role conversions, re-equipping, dredger conversions), and ship repairs (underwater hull, ASD routines, routine maintenance).

Product overview

Dempo Shipbuilding & Engineering operates as a shipbuilding and maritime services company with two state-of-the-art shipyards in Goa, India, strategically located on the Mandovi River (Bainguinim Yard) and Zuari River (Undir Yard). The company offers an integrated portfolio of shipbuilding services across defence and commercial segments, including new vessel construction, ship repairs, and refit/modernisation services. Core service offerings include Defence Services, Commercial Shipbuilding, Ship Refits, and Ship Repairs. Notable products include a 10T Bollard Pull Tug and an ongoing 4000T Floating Dock construction project. The company holds registration with the Indian Coast Guard and has established a strategic MoU with Garden Reach Shipbuilders & Engineers (GRSE) for commercial vessel construction.

Differentiator

Problem solved

Functional benefit

Products and services

• Defence Shipbuilding Services Shipbuilding and related services for defence applications, delivered to the Indian Coast Guard and other defence clients. The company is registered with the Indian Coast Guard for construction and maintenance of defence vessels and interceptor boats.
• Commercial Shipbuilding Comprehensive commercial vessel construction services for shipping companies, including new builds and conversion work for commercial marine applications.
• Ship Refits and Conversions Conversion and modernisation services including role conversions and re-equipping of vessels for new operational purposes, such as the modification of a dumb barge into a self-propelled back hoe dredger.
• Ship Repairs Comprehensive ship repair services including underwater hull inspections, ASD (Azimuth Stern Drive) routines, and general vessel repair work for commercial and defence clients.
• 10T Bollard Pull Tug A 10 metric ton bollard pull capacity tug vessel, launched on air bags at the Bainguinim shipyard, showcasing the company's technical capabilities in specialised vessel construction.
• 4000T Floating Dock A 4000-ton capacity floating dock being constructed for the Government of Goa, representing the company's capability in building large marine infrastructure.

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Garden Reach Shipbuilders & Engineers Ltd. (GRSE)coreStrategic or Co-development Partner · 26 September 2023The DEMPO Group signed a Memorandum of Understanding (MoU) with Defence PSU Garden Reach Shipbuilders & Engineers Ltd. (GRSE) to build commercial vessels. This strategic partnership combines GRSE's defence shipbuilding expertise with Dempo's commercial vessel construction capabilities.
• Indian Coast GuardcoreStrategic or Co-development PartnerDempo Shipbuilding has registered with the Indian Coast Guard for defence shipbuilding projects. The company has completed annual underwater hull and ASD routines for Indian Coast Guard interceptor boats.
• Goa GovernmentminorStrategic or Co-development PartnerBuilding a 4000T Floating Dock for Goa, with keel laying ceremony in December 2023.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Mazagon Dock Shipbuilders: Large Indian defence PSU building warships and submarines for the Indian Navy. Comparable as a domestic shipbuilder serving Indian defence and coast guard clients, but operates at a significantly larger scale and with a broader naval portfolio.
• Cochin Shipyard: India's largest commercial shipyard and a key naval platform builder (INS Vikrant). Comparable as a full-service Indian shipyard offering newbuild, repair, and refit across defence and commercial segments, but with materially greater scale and yard capacity.
• L&T Shipbuilding: Shipbuilding arm of Larsen & Toubro, one of India's largest engineering conglomerates. Comparable as an Indian yard building defence and commercial vessels, with substantially greater engineering, capital, and corporate backing.
• Sembcorp Marine (now Seatrium / KSOE): Large global offshore and marine engineering group active in naval, offshore, and specialised vessel construction. Comparable as a broad incumbent offering shipbuilding, refit, and conversion services relevant to Dempo's defence and commercial portfolio.

Direct peers

• Hindustan Shipyard Limited (HSL): Indian Government-owned shipyard in Visakhapatnam focused on naval and commercial vessel construction and repair. Direct peer because both serve the Indian Navy/Coast Guard and commercial shipping segments with comparable newbuild and refit capabilities.
• Garden Reach Shipbuilders & Engineers (GRSE): Indian Government defence PSU and shipbuilder active in naval and coast guard vessel construction. Direct peer because Dempo has an MoU with GRSE and competes/collaborates for the same defence and commercial vessel programmes in India.
• Titagarh Marine Solutions (formerly Bharati Shipyard): Indian private shipbuilder active in naval and commercial vessel construction, including patrol vessels and ferries. Direct peer as a privately-held Indian yard competing for similar defence PSU and commercial shipping contracts.

Others

• Aker Solutions: Global engineering and shipyard-adjacent services company supporting naval, offshore, and marine infrastructure projects. Adjacent peer relevant to Dempo's expanding role in marine infrastructure builds (e.g., the 4000T Floating Dock).

Regional players

• Modest Infrastructure Limited: Indian private shipbuilding and marine services company operating on the east coast of India. Comparable as a domestic private yard competing for Indian defence, dredging, and commercial vessel work similar to Dempo.
• Sathar Marine: Small-to-mid Indian private shipyard focused on coastal and inland vessel construction and repair. Comparable as a private Indian yard with similar newbuild/MRO service mix, though concentrated in a different regional catchment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/demposhipbuild
• Facebookfacebook.com/demposhipbuild

Revenue estimate

Valuation estimate

Number of profiles

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 Dempo Shipbuilding & Engineering