Seamec
- Company typePublic
- Founded1986
- HeadquartersAndheri, India
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Seamec firmographics
Firmographics- Name
- Seamec
- Legal name
- Seamec Limited
- Website
- https://seamec.in
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Seamec industry classification
Industry- Product category
- Offshore Oilfield Services
- NAICS
- Deep Sea, Coastal, and Great Lakes Water Transportation (48311), Deep Sea Freight Transportation (483111)
- SIC
- Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Deep Sea Foreign Transportation Of Freight (4412)
- akta.pro primary industry
- Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)
- akta.pro secondary industries
- Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support) (IMAJACAD)
Keywords
Where Seamec is headquartered
LocationHeadquarters
- HQ city
- Andheri
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Seamec business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Offshore Diving Support Services: Primary revenue stream from providing diving services, light construction support, inspection, maintenance and repair services through owned and operated Diving Support Vessels. Revenue is earned through day rates, charter hire, and turnkey project basis.
- Bulk Carrier Operations: Revenue from operation of bulk carriers including Handymax, Supramax and Panamax vessels through wholly owned subsidiaries. Revenue earned through charter hire arrangements.
- Operation and Maintenance Contracts: Long-term O&M service contracts for offshore vessels (e.g., Samudra Prabha, Samudra Sevak) typically lasting 2-3 years, providing stable recurring revenue.
- Vessel Charter Hire: Charter hire of vessels to third parties including ONGC projects and other energy sector clients on fixed daily rates or project basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Long-term Charter Hire - HAL Offshore Contract |
| Transaction based/ take rate | Pay-as-you-go | Project-based Diving Services Contract |
| Subscription | Multi-year contract | Subcontract Charter Hire - GR Infraprojects |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Seamec product offering
Product offeringCore offering
Seamec operates the largest fleet of Diving Support Vessels (DSVs) in the Middle East and India region, providing offshore subsea services including diving services, light construction support, inspection, maintenance and repair of single buoy moorings, platform and pipeline repairs, ROV operations, and subsea construction for oil and gas clients. The company also operates bulk carriers (Handymax, Supramax and Panamax classes) through wholly-owned subsidiaries and has ventured into EPC infrastructure through a joint venture.
Product overview
SEAMEC Limited is an offshore oilfield services company operating the largest fleet of Diving Support Vessels (DSVs) in the Middle East and India region. The company provides niche services in the offshore subsea segment, including diving services, light construction support, inspection and maintenance of single buoy moorings, platform and pipeline repairs, and ROV operations. SEAMEC also operates bulk carriers (Handymax, Supramax, and Panamax classes) through wholly-owned subsidiaries, and has ventured into EPC Infrastructure. The fleet includes six offshore vessels (SEAMEC II, III, PRINCESS, PALADIN, GLORIOUS, SWORDFISH) and two bulk carriers (SEAMEC GALLANT, ASIAN PEARL), supported by international subsidiaries in the UAE and infrastructure operations in India.
Differentiator
Problem solved
Functional benefit
Products and services
- Diving Support Vessel (DSV) Operations Charter and operation of DP II certified diving support vessels for offshore diving services, light construction support, ROV operations, inspection, maintenance and repair of offshore platforms, pipelines, single buoy moorings and subsea infrastructure. Services delivered on turnkey project basis or day rate basis to oil and gas clients.
- Bulk Carrier Operations Operation of dry bulk carrier vessels (Handymax, Supramax and Panamax classes) through wholly-owned subsidiaries for global dry bulk commodity transportation and charter hire services.
- Operation and Maintenance (O&M) Services Long-term operation and maintenance contracts for offshore support vessels such as MSV Samudra Sevak and Samudra Prabha, typically 2-3 year tenures covering offshore support activities for ONGC.
- Subsea Construction and Pipeline Replacement Provision of DPII DSVs and personnel for offshore pipeline replacement projects, platform installation and hook-up, anode installations, and pre-engineering survey work for offshore construction clients such as Larsen & Toubro Energy Hydrocarbon and G R Infraprojects.
Quantifiable outcome
- 153% year-on-year jump in net profit to Rs 103.7 crore in Q4FY26
- +2 more outcomes
Companies that use Seamec
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Seamec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Seamec partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- ONGC (Oil & Natural Gas Corporation)coreSeamec-led consortium awarded Rs 3,299.2 million O&M contract for vessel Samudra Prabha for nearly three years (2026-2028). Contract covers offshore support activities enhancing ONGC's offshore operational capability and supporting India's domestic oil and gas production efforts.
- Supreme Hydro EngineeringcoreSeamec-led consortium with Supreme Hydro Engineering received notification of award from ONGC for operation and maintenance services of vessel Samudra Sevak. Contract valued at approximately Rs 410.74 crore with tenure of 738 days spanning 2026-2028.
- Supreme Offshore Construction & Technical Services LimitedminorSEAMEC PRINCESS vessel chartered to Supreme Offshore Construction & Technical Services for SAT Diving and AIR Diving work in ONGC Oilfield on West Coast of India. Contract valued at approximately USD 460,000 excluding GST.
- G R Infraprojects Limited (GRIL)minorSubcontract for vessel charter hire of SEAMEC III valued at approximately $16.72 million with 150-day tenure. Vessel deployed for Pipeline Replacement Project work.
- HAL Offshore LtdcoreUSD 43 million contract for vessel SEAMEC AGASTYA deployment under HAL's ONGC project for five years. Fixed daily charter rate of USD 25,000 enhances revenue visibility with long-term fixed revenue stream. HAL Offshore holds ~70.77% stake in Seamec.
Scale indicators14 records
Recent moves8 records
Expansion highlights5 records
Seamec competitors and assessment
Company assessmentBroad incumbents
- Subsea 7: Global leader in subsea engineering, construction, and IMR services with a large DSV fleet. Competes for offshore subsea work in India/Middle East and represents the global benchmark for subsea IMR capability.
- TechnipFMC: Global subsea equipment and services provider covering subsea trees, umbilicals, and installation. Competes on integrated subsea projects but with a much broader portfolio than Seamec's service-led model.
- Saipem SpA: Global offshore engineering, drilling, and subsea construction major with EPCI capabilities. Competes with Seamec on larger subsea construction tenders in India and the Middle East but at a much larger scale.
Emerging players
- DOF Subsea: Global offshore vessel operator focused on DSV, subsea IMR, and construction support. Direct functional overlap with Seamec's DSV-led model but operates globally and at larger scale.
- Varun Shipping Company Limited: Indian shipping company with offshore support vessels and bulk carriers. Comparable on the bulk carrier side and adjacent on the offshore vessel side, sharing Indian client base.
Direct peers
- Greatship (India) Limited: Reliance group company operating offshore support vessels, DSVs, and rig services primarily for Indian E&P customers including ONGC. Closest direct peer to Seamec in terms of regional offshore vessel focus and ONGC exposure.
- HAL Offshore Limited: Seamec's 70.77% parent company within the MM Group. Engages in offshore oilfield services and is the contractual counterparty on the USD 43 million SEAMEC AGASTYA charter. Comparable in offshore services with direct operational overlap.
- Jindal Drilling & Industries Limited: Indian offshore drilling and oilfield services company serving ONGC and other domestic E&P operators with offshore rigs and support vessels. Comparable in regional customer base and offshore services scope.
- Asian Energy Services Limited: Indian offshore oilfield services company providing offshore work, drilling, and subsea services. Direct peer in the Indian DSV/offshore services market and listed counterparty in Seamec's disclosed Section 9 petition.
- Aban Offshore Limited: Indian offshore drilling and services company operating jack-up rigs, drillships, and offshore vessels for Indian and international E&P clients. Comparable in offshore services mix and ONGC exposure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Seamec social profiles
Digital presenceSeamec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Seamec leadership team
Management profileNumber of profiles
Profiles8 records
Seamec subsidiaries and ownership
Company hierarchySubsidiaries5 records
Seamec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Seamec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Seamec
What does Seamec do?
Seamec operates the largest fleet of Diving Support Vessels (DSVs) in the Middle East and India region, providing offshore subsea services including diving services, light construction support, inspection, maintenance and repair of single buoy moorings, platform and pipeline repairs, ROV operations, and subsea construction for oil and gas clients. The company also operates bulk carriers (Handymax, Supramax and Panamax classes) through wholly-owned subsidiaries and has ventured into EPC infrastructure through a joint venture.
Is Seamec a public or private company?
Seamec is a public company. It is classified as public and is currently operating.
When was Seamec founded?
Seamec was founded in 1986. It employs 501 to 1,000 people.
Where is Seamec based?
Seamec is headquartered in Andheri, India, in the Asia region.
How does Seamec make money?
Four revenue lines are on record. Offshore Diving Support Services are the primary driver. The others are bulk Carrier Operations, operation and Maintenance Contracts and vessel Charter Hire.
Who are Seamec's main competitors?
Broad incumbents on record are Subsea 7, TechnipFMC and Saipem SpA. Emerging players are DOF Subsea and Varun Shipping Company Limited. Direct peers are Greatship (India) Limited, HAL Offshore Limited, Jindal Drilling & Industries Limited, Asian Energy Services Limited and Aban Offshore Limited.
Does Seamec have an API?
No public API is recorded for Seamec.
What industry is Seamec in?
Seamec's product category is Offshore Oilfield Services. Its primary akta.pro industry code is EUALABAI, Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR), with a secondary code of EUALABAJ, Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters). Its NAICS code is 48311 and its SIC code is 1389.