India’s TOP 500 Companies 2020

INDIA’S TOP 500 COMPANIES 2020 446 Advertorial RAdm Vipin Kumar Saxena, IN (Retd.) Chairman & Managing Director Dun & Bradstreet D-U-N-S® No 65-005-0156 Top 500 Ranking Income 459 Net Profit 373 Networth 367 Management Details Chairman & Managing Director RAdm Vipin Kumar Saxena, IN (Retd.) Director (Shipbuilding) Cmde Sanjeev Nayyar, IN (Retd.) Director (Personnel) Cmde P R Hari, IN (Retd) Director (Finance) & CFO Shri. R.K.Dash Financial Snapshot (In ` mn) Total Income 15,576.6 Net Profit 1,099.4 Networth 10,383.1 Ratios NPM (%) 7.1 RONW (%) 10.6 Current Ratio (times) 1.2 (As on Mar 31, 2019) 43/46, Garden Reach Road, Kolkata - 700 024, West Bengal, India Website: www.grse.in Garden Reach Shipbuilders & Engineers Limited Garden Reach Shipbuilders & Engineers Ltd (GRSE) is a Shipbuilding Company incorporated in 1934. Its history dates back to 1884, when it began shipbuilding and repair operations as an unincorporated entity. After its nationalization in 1960, GRSE was brought under the fold of the Ministry of Defence and subsequently became a Public Company in 2018. Business Profile With a focus on strengthening India’s defence preparedness, GRSE primarily caters to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. It has expertise in construction of large, medium and small size ships. The Company delivered the first indigenously-built warship, INS Ajay to the Indian Navy in 1961. It has delivered 105 warships to the Indian Maritime Forces, the highest deliveries by any shipyard in the country, till date. Additionally, 786 platforms have been delivered to various entities under the Central & State Govts. GRSE has had a focus on building in-house capabilities, in the area of design and production. As a pioneer in Indigenous Warship construction programme, GRSE’s product line extends its span from technologically sophisticated Frigates and Corvettes to Fast Patrol Vessels. The Kamorta class Anti-Submarine Warfare Corvettes delivered by GRSE to the Indian Navy became the first Indian Warship with Indigenously-developed warship grade steel, earning the distinction of achieving 90% Indigenous equipment fit. It was a major step towards achieving self-reliance in state- of-the-art warship design and construction. LCUs built by GRSE have the distinction of over 90% indigenous equipment fit as well. GRSE is also the only Defence Shipyard to have diversified into Engineering Business with Pre-fabricated Steel Bridges. Its Bailey Bridge Unit has delivered over 5,300 Bailey Bridges to the Indian Financial Snapshot 2020 (In ` mn) (As on Mar 31, 2020) Total Income 16,587.9 Net Profit 1,634.8 Networth 10,402.3 Ratios NPM (%) 9.9 RONW (%) 15.7 Current Ratio (times) 1.1 Army, BRO, Central & State PWDs as well as friendly foreign countries like Bhutan, Nepal, Sri Lanka and Myanmar. Its Diesel Engine Plant in Ranchi is engaged in the testing and overhauling of marine propulsion engines and assembly of diesel engines. In keeping with the Government’s focus on improving export potential, GRSE has been focussing strongly on marketing its wide range of products. Its varied technical expertise in complex warship construction is proven mettle and augurs well to cater to customized export requirements. It actively participates in global tenders and is also marketing portable steel bridges with neighbouring countries like Bhutan, Myanmar and Nepal. The company’s order book position as of 31 March 2020 stood at ` 265.44 bn. Key Highlights: • GRSE delivered four warships each during FY19 and FY20. • Only Indian Shipyard to deliver 105 Warships since 1960. • During FY19andFY20, contractswere signed for construction of 04 Survey Vessels (Large) and 08 Anti-Submarine Warfare Shallow Water Crafts for the Indian Navy, respectively, at a total cost of ` 87.46 bn. Both orders were bagged by GRSE on competitive bidding. • GRSE constructed two Bailey Bridges near Majerhat, Kolkata, the erection, installation and commissioning of which was completed in a record time of 7 days and another at Lake Town-Salt Lake, in a challenging short span of 12 days . • Celebrating the ‘Atmanirbhar Bharat Abhiyaan’ in addition to the launching of two modern facilities at the Rajabagan Dockyard, GRSE has launched a New Product, “the Portable Pedestrian (Assault) Bridge”, which is a “First of its Kind”. Dun & Bradstreet