About the Shipping Corporation of India Limited

The Shipping Corporation of India Limited (SCI) operates as a Government company under the Ministry of Ports, Shipping and Waterways during its 75th Annual Report period (2024–2025). The Company’s registered office is located at Shipping House, 245 Madame Cama Road, Mumbai – 400021. As of March 31, 2025, the President of India holds 63.75% equity share capital.

SCI operates four major business segments: Liner and Passenger Services, Bulk Carrier & Tanker Operations, and Technical & Offshore Services. Within Tankers, the company manages crude, product, and gas carriers, while Technical & Offshore Services include group-owned offshore vessels, third-party vessel management, and consultancy.

While most operations are India-focused, SCI also has joint ventures in LNG shipping and associate companies in Malta and Singapore, reflecting its extended maritime footprint. The Company runs two wholly-owned subsidiaries engaged in inland/coastal shipping and vessel leasing/financing, along with four joint ventures.

In FY 2024–25, SCI achieved two notable milestones: celebrating its 75th reporting year and recording its highest standalone profit after tax in fifteen years. Its long-term and short-term credit ratings were reaffirmed at ACUITE AA+ and ACUITE A1+ respectively, on October 18, 2024.

Business Segment of the Shipping Corporation of India Limited

• Liner and Passenger Services

• Bulk Carrier & Tanker Operations – crude, product and gas tankers

• Technical & Offshore Services – offshore vessels, third-party vessel management, consultancy

The Shipping Corporation of India Limited’s Key Management Team

• Capt. B.K. Tyagi – Chairman & Managing Director

• Shri Rajesh Kumar Sinha – Special Secretary, MoPSW, Government Nominee Director

• Shri Venkatesapathy S. – Joint Secretary, MoPSW, Government Nominee Director

• Shri Vikram Dingley – Director (Technical & Offshore Services) & Additional Charge of Director (Finance)

• Rear Admiral Jaswinder Singh – Director (Liner & Passenger Services) & Additional Charge of Director (Bulk & Tanker)

• Capt. Som Raj – Director (Personnel and Administration)

• Smt. Charulsheela L. Golapalli – Chief Financial Officer

• Smt. Swapnita Vikas Yadav – Company Secretary & Compliance Officer

Latest Updates on the Shipping Corporation of India Limited

• Credit rating reaffirmed: On October 18, 2024, Acuité Ratings & Research reaffirmed SCI’s long-term rating at ACUITE AA+ and short-term rating at ACUITE A1+ for ₹7,500 crore of bank facilities; outlook “Stable”.

• Fleet augmentation: On July 04, 2025, SCI signed a Memorandum of Agreement to acquire two Very Large Gas Carriers (VLGCs). The first, SAHYADRI (82,000 CBM capacity), was delivered, while the second vessel is scheduled for imminent induction.

• Performance highlight: SCI achieved its highest standalone PAT in fifteen years, driven by improved performance across Liner, Bulk, and Tanker divisions.