Bharati Defence and Infrastructure

What Bharati Defence and Infrastructure does

Bharati Defence and Infrastructure Limited (BDIL) is a publicly listed Indian shipbuilding and defence manufacturing company headquartered in Mumbai. The company offers an integrated service portfolio spanning design and technical drawing, vessel construction (including defence vessels), rig construction, vessel and rig repair, fabrication, equipment leasing, and validation/certification services covering sea-worthiness and air-worthiness compliance. Its go-to-market is exclusively B2B/B2G, targeting the Indian defence and maritime sectors through direct enterprise sales on project-specific, quote-based engagements.

BDIL underwent the Corporate Insolvency Resolution Process (CIRP) under the IBC Act followed by liquidation proceedings, before being successfully revived as a going concern in January 2025 following NCLT Mumbai Bench approval, with Mr. Sandeep Agarwal assuming leadership as Managing Director. Post-revival, the company has publicly repositioned around indigenous defence manufacturing, shipbuilding, and allied infrastructure projects aligned with the Government of India's Atmanirbhar Bharat and Make in India vision. In June 2026, the board approved the amalgamation of Exicom Technologies India Private Limited and Hind Simulation Training Private Limited, signaling an intent to broaden the company's capability surface into technology and simulation-based training.

The current operating base is small, with 51-100 employees and FY2026 (year ended March 2026) sales of Rs 19.40 crore — up 54.34% year-on-year but still reflecting a very early scale. The same fiscal year recorded a full-year net loss of Rs 312.73 crore and a Q4 standalone net loss of Rs 321.44 crore, indicating that the business is in a rebuild phase rather than at steady-state profitability. Ownership is individually led post-restructuring with no identified institutional or private-equity holders, and the stock trades at approximately INR 2 (May 2026).

Name

Bharati Defence and Infrastructure

Legal name

Bharati Defence and Infrastructure Limited

Website

https://bdil.co.in

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

51–100 employees

Short description

Bharati Defence and Infrastructure Limited is a Mumbai-based, publicly listed Indian shipbuilder offering vessel and rig construction, repair, fabrication, and validation/certification services, primarily serving Indian defence and government maritime buyers.

Ownership category

akta.pro rank

Product category

Shipbuilding and Marine Engineering Services

NAICS

Ship and Boat Building (3366), Navigational Services to Shipping (488330)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Naval Shipbuilding Program Management & Defense Contracting Support (IMAJABAO)

akta.pro secondary industries

Combat & Auxiliary Naval Vessel Systems (IMABAKAA), Defense Infrastructure, Installations & Base Operations (BPAIAHAK)

Keywords

• Shipbuilding services
• Rig construction services
• Ship repair services
• Defence vessel construction
• Maritime certification services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels1 record

Core offering

Bharati Defence and Infrastructure Limited is a shipbuilding, rig construction, ship repair, and marine engineering services company serving defence and commercial maritime clients. It provides vessel construction, rig construction, vessel and rig repair, fabrication facility services, equipment leasing, and validation and certification services including sea-worthiness and air-worthiness compliance. The company operates from certified shipyard infrastructure and targets the Indian Navy, Indian Air Force, Indian Coast Guard, and private maritime customers.

Product overview

Bharati Defence and Infrastructure Limited is a defence manufacturing and shipbuilding company offering a portfolio of integrated services. The core offerings include Vessel Construction (including defence vessels), Rig Construction, Vessel Repair, Rig Repair, Fabrication Facility, and Equipment Leasing. These primary services are complemented by a suite of technical and certification services including Validation and Certification Services, Design and Technical Drawing Services, Product Certification and Validation, Compliance for Sea-Worthiness, Compliance for Air-Worthiness, Technical Services for Certification and Software, and Support Services (Technical). The company operates as a unified service provider aligned with the Government of India's Atmanirbhar Bharat and Make in India vision for indigenous defence manufacturing, shipbuilding, and allied infrastructure projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Vessel Construction

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Exicom Technologies India Private LimitedcoreStrategic or Co-development Partner · 17 June 2026Bharati Defence approved amalgamation of Exicom Technologies India Private Limited to enhance operational efficiencies. Share exchange ratio set at 1,98,887:10,000. The merger aims to achieve cost savings, geographical diversification, and better resource pooling.
• Hind Simulation Training Private LimitedcoreStrategic or Co-development Partner · 17 June 2026Bharati Defence approved amalgamation of Hind Simulation Training Private Limited. Share exchange ratio set at 9,49,545:1,000. The merger aims to achieve cost savings, geographical diversification, and better resource pooling.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Goa Shipyard Limited: Public-sector shipyard building patrol vessels, interceptor boats, and fast attack craft. Directly comparable as a smaller Indian defence shipbuilder focused on offshore patrol vessels for the Coast Guard and Navy.
• Cochin Shipyard Limited: Public-sector Indian shipyard building naval vessels (aircraft carrier work, NOPT) and commercial ships, plus ship repair. Comparable across the same dual-use shipbuilding and repair segments Bharati operates in.
• Hindustan Shipyard Limited: Public-sector shipyard in Visakhapatnam building naval and commercial vessels and providing ship repair services. Comparable as a state-owned Indian shipbuilding and repair competitor serving defence and maritime customers.
• Mazagon Dock Shipbuilders Limited: India's premier naval defence shipbuilder (subsidiary of MoD), constructing destroyers, submarines, and warships for the Indian Navy. Directly comparable as the dominant indigenous defence shipbuilding platform and benchmark competitor for any Indian private-yard entrant.
• Garden Reach Shipbuilders & Engineers (GRSE): Public-sector Indian shipyard specializing in warships, patrol vessels, and fast attack craft for the Indian Navy and Coast Guard. A direct competitor in the indigenous defence vessel construction segment Bharati is targeting.

Regional players

• ABG Shipyard Limited: Indian private shipyard that became India's largest before entering Corporate Insolvency Resolution Process. Relevant as a historical Indian private-yard peer that illustrates the cyclicality and execution risks inherent in private Indian shipbuilding.

Emerging players

• Titagarh Rail Systems (Defence Vessel Arm): Indian-listed company with a shipbuilding and defence vessel arm that has built patrol vessels and fast attack crafts. Comparable as a smaller, listed, non-public-sector Indian player pursuing indigenous defence shipbuilding orders.
• Reliance Naval and Engineering Limited: Indian-listed shipbuilder that was India's largest private shipyard (Pipavav) and has been undergoing insolvency resolution. Relevant precedent for an Indian private shipyard that scaled up in defence/commercial shipbuilding before financial distress.
• Shoft Shipyard (Shoft Group of Companies): Private Indian shipyard building fast patrol vessels, interceptor boats, and small naval craft. Comparable as an emerging private Indian shipyard focused on defence patrol and fast attack vessels.

Broad incumbents

• Larsen & Toubro (Defence Shipbuilding): L&T's defence shipbuilding division constructs naval platforms (including submarines via MDL tie-ups) and is a much larger, diversified engineering incumbent. Comparable as a high-capacity defence shipbuilder in India competing for the same MOD work.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Bharati Defence and Infrastructure