Martek Marine Solutions

What Martek Marine Solutions does

Martek Marine Solutions (MARTEK) is one of three flagship entities within MMS Group, a privately held Mumbai-based maritime conglomerate founded in 1971 by the late Suresh Godbole. MARTEK specializes in ship repair and maintenance, deploying skilled "Flying Squads" of technicians to perform on-sea services including engine overhauls, hull maintenance, ballast tank work, propeller shaft seal renewal in afloat conditions, boiler repairs, and cargo crane repairs. The unit also manufactures windlass gearwheels and pinions in-house and offers Ballast Water Management System retrofits aligned with International Maritime Organization requirements. Quality Management System compliance is certified by DNV Standards.

MMS Group operates as a vertically integrated maritime services provider through three entities: MMS (Marine Management Services, est. 1981) for crew management and seafarer placement under a Directorate General of Shipping license; MARTEK for ship repair and maintenance; and MARMAN (Marman Engineering & Shipbuilding, est. 1997) for shipbuilding under the 'Make in India' initiative, including construction of self-propelled vessels, pusher barges, floating platforms, and defence block construction.

The company serves global ship owners through a direct B2B sales model, with project-based pricing negotiated per engagement and multi-year contract cadences. Distribution is delivered directly at port or vessel locations worldwide. The group reports 200+ employees, 3,854+ cumulative projects, 25+ global customers, and 50+ years of operating history. No external institutional investment or public listing is disclosed, and ownership appears to remain under founder/family control.

Name

Martek Marine Solutions

Legal name

Martek Marine Solutions

Website

https://martek.in

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

51–100 employees

Short description

Martek Marine Solutions operates within MMS Group, a Mumbai-based maritime conglomerate offering on-sea ship repair and maintenance, seafarer crew management, and 'Make in India' shipbuilding services to global ship owners across three flagship entities.

Ownership category

akta.pro rank

Product category

Maritime Services

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Piping, Mechanical & Auxiliaries Repair (Pumps, Valves, Heat Exchangers, Boilers) (IMAJAFAE), Propulsion, Shafting & Rudder Repair (Engines, Gearboxes, Thrusters) (IMAJAFAC), Electrical, Automation & Navigation MRO (Power, Controls, Comms, ECDIS/Radar) (IMAJAFAD), Retrofits & Modernization (Scrubbers, Ballast Water, Alternative Fuels, Energy-Saving Devices) (IMAJAFAH), Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN)

Keywords

• Maritime services
• Ship repair
• Crew management
• Shipbuilding
• Marine engineering

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Crew Management Services (MMS): Recruitment and placement of skilled seafarers for ship owners. Services include recruitment of competent shipboard personnel with RPSL services, active pool of seafarers in various trades and certifications, and comprehensive ship accounting services.
2. Ship Repair and Maintenance (MARTEK): On-sea and drydock repair services including engine overhaul, boiler repairs, hull maintenance, propeller shaft seal renewal, ballast tank coating, and cargo crane repairs. Revenue generated through service contracts and project-based work.
3. Shipbuilding (MARMAN): Construction of self-propelled vessels, pusher barges, floating platforms, and block construction for defence vessels. Revenue from shipbuilding projects in collaboration with Indian and global partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Martek Marine Solutions (MARTEK) provides ship repair and maintenance services for global ship owners, including on-sea engine overhauls, hull and ballast tank work, propeller shaft seal renewal in afloat conditions, ballast water management retrofits, and cargo crane repairs, delivered through skilled 'Flying Squads' mobile technicians. As part of MMS Group, it operates alongside MMS for crew management and seafarer recruitment, and MARMAN for shipbuilding of self-propelled vessels, pusher barges, floating platforms, and defence vessel block construction.

Product overview

Martek Marine Solutions (MARTEK) operates as part of the MMS Group, a maritime conglomerate comprising three flagship entities: MMS (crew management), MARTEK (ship repair and maintenance), and MARMAN (shipbuilding). MARTEK, building on a 50-year legacy, is a trusted name in ship repair and maintenance, offering expert on-sea services including complex engine repairs, hull maintenance, and ballast tank work through its skilled 'FLYING SQUADS' technicians. The company also provides comprehensive crew management through MMS and shipbuilding capabilities through MARMAN, delivering a one-stop solution for global ship owners.

Differentiator

Problem solved

Functional benefit

Products and services

• Crew Management Services Recruitment and placement of highly skilled seafarers under a Recruitment & Placement Service License (RPSL) approved by the Directorate General of Shipping (DGS), supported by an active pool of seafarers across various trades and certifications, comprehensive ship accounting services, and an in-house data management system. Targeted at global commercial ship owners.
• Ship Repair and Maintenance Services On-sea and drydock ship repair and maintenance delivered through skilled 'Flying Squads' mobile technicians, covering overhaul and surveys of main and auxiliary engines, repairs of auxiliary/composite/exhaust boilers, drydock repairs, propeller shaft seal renewal in afloat conditions, renewal of IGG combustion chambers, ballast water management system retrofits, deck and engine room machinery repairs, ballast tank coating, and cargo/provision crane repairs. Targeted at global commercial vessel operators.
• Shipbuilding Services Construction of self-propelled vessels, pusher barges, floating platforms, and block construction for defence vessels, delivered through collaboration with Indian and global shipbuilding partners under the 'Make in India' initiative. Targeted at commercial ship owners and defence agencies.

Quantifiable outcome

• 3,854+ projects completed
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Indian and Global Partners (Shipbuilding)coreStrategic or Co-development PartnerMARMAN operates under the 'Make in India' concept and collaborates with both Indian and global partners to create shipbuilding opportunities, fostering innovation and expansion in the maritime sector. These partnerships enable the company to combine local manufacturing capabilities with international expertise.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Anglo-Eastern Univan Group: One of the world's largest independent ship management and crew management companies. Direct competitive overlap with MMS's crew recruitment and RPSL services, competing for the same pool of Asian seafarers and global shipowner clients.

Others

• ABS Marine Services (American Bureau of Shipping): ABS provides classification, survey, engineering, and digital services to the maritime industry. Comparable in adjacent fashion via shipowner relationship layer and survey/audit work that overlaps MMS Group's QA and regulatory compliance credentials.

Regional players

• Cochin Shipyard Limited: Indian public-sector shipbuilder and repairer offering shipbuilding and ship repair services from Cochin. Most direct Indian peer to MARMAN's shipbuilding and MARTEK's repair work, with overlapping customer base among Indian-flag and international commercial and defence vessels.
• Sembcorp Marine: Singapore-based shipyard and offshore engineering group active in ship repair, shipbuilding, and offshore platforms. Comparable to MARMAN's floating platform and vessel construction work, with regional rather than direct operational overlap.
• Varun Shipping / Mercator Limited: Indian maritime groups with combined ship owning, ship management, and offshore platform interests. Comparable Indian-market peers to MMS Group's integrated crew + repair + shipbuilding offering, though with differing focus on ownership vs. pure services.

Broad incumbents

• Wilhelmsen Ship Management: Wilhelmsen provides ship management, crew management, and maritime services globally. Comparable to MMS Group's crew management (MMS) and to a lesser extent ship repair offerings, but Wilhelmsen operates at vastly greater scale and with broader digital platforms.
• Larsen & Toubro Shipbuilding: L&T's shipbuilding arm constructs defence and commercial vessels at large Indian yards. Comparable to MARMAN's defence block construction and broader shipbuilding services, though with significantly more engineering depth and order book.
• Bernhard Schulte Shipmanagement: Global ship manager offering crew management and full technical management services. Most directly comparable to MMS's crew management business, though shipmanagement scope is broader than MMS's manning focus.
• Wärtsilä (Ship Repair & Maintenance): Wärtsilä is a global marine services powerhouse offering ship repair, maintenance, retrofit, and lifecycle services for engines, propulsion, and emissions systems. Overlaps directly with MARTEK's on-sea and drydock repair offering, plus ballast water and scrubber retrofits, but at materially larger global scale.

Emerging players

• Hempel (Marine Coatings & Service): Hempel supplies marine coatings and coating-related service work for ballast tanks, hulls, and ship repair contexts. Adjacent to MARTEK's ballast tank coating service line, and overlaps in the shipyard service ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/martek-marine-solutions

Compliance2 records

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 Martek Marine Solutions