Marine Electricals (India) Ltd.
Snapshot View

Marine Electricals (India) Ltd.

Marine Electricals (India), was incorporated pursuant to a certificate of incorporation dated December 04, 2007 issued by the Registrar of Companies, Mumbai at Maharashtra, following its conversion from the Erstwhile Partnership Firm to a Private Company. The Status of the company was changed to public limited Company and the name of the company was changed to ‘Marine Electricals (India) Limited’ consequent to conversion of Private Limited Company into Public Limited Company by a special resolution passed on July 25, 2018. A fresh Certificate of Incorporation consequent to the change of name was granted to the company on August 01, 2018 by the Registrar of Companies, Mumbai, Maharashtra.

The company provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. The company has business relationships with global electrical players like Schneider Electric, Siemens, GE. Such strategic tie ups give it the competitive edge over its competitors. Further, it has entered into an agreement with NLC India to provide Solar Power Evacuation system, thus venturing into the renewable energy segment. The company has two manufacturing facilities in South Goa. The company's revenue from operations increased at CAGR of 15.84 from 2013-14 to 2017-18.

Business area of the Company:

Marine Electricals (India), is a company engaged in the business providing Integrated Electrical and Automation Solution Provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc). 

Key Events and Mile Stones:

• 1978: Started as a Proprietary firm manufacturing Switch Gears for the Indian Navy
  
• 1998: Started Supplies into commercial ships for both private shipyards like ABG, BSL, Tebma and govt shipyards. 
  
• 2000: Set up its first manufacturing Plant in Goa situated at plot 17-18, Verna Industrial Estate, Verna Taluka, Salcete, South Goa. 
  
• 2001: Involved in a large retrofit project of refurbishment of Aircraft carrier INS Viraat electrical equipment.
  
• 2003: Started exports of its equipment to UAE and other countries in the Middle East. 
  
• 2004: Incorporated McGeoch Marine Electricals Pvt. Ltd. in association with Mcgeoch Technology UK, specialists in Lighting solutions for Royal Navy UK to manufacture these products in India for Indian Navy and Royal Navy.
  
• 2004: The running business ofProprietary firm has been taken over by M/s Marine Electricals (a Partnership Firm).
  
• 2005: Entry in to Non – Marine Segments – Partnering with Schneider Electric for offering solutions in western region
  
• 2006: Set up its Second manufacturing plant in Goa situated at N-51, N-52, N-59 & N-60, Verna Industrial Estate, Survey No. 33, of Verna Village, Verna Taluka, Salcete, South Goa.
  
• 2007: Conversion of the Company i.e. 'M/S Marine Electricals' from a partnership firm to private limited Company as 'Marine Electricals (India) Private  Limited' under Companies Act, 1956.
  
• 2007: Acquired Automatic Electronic Controls Mfg. Co., a partnership firm involved in manufacturing of specialized Electronic solutions for Indian Navy.
  
• 2008: Started export of its equipment into Europe and subsequently into USA
  
• 2010: Started Marine Electricals FZC (currently known as MEL Power Systems FZC) to supply competitive IBS solutions to its shipyard customers in India. 
  
• 2010: Entered into a non-exclusive re-seller agreement with Northrop Grumman Sperry Marine B. V. for their purchase and re-sale of their products.
  
• 2011: Marine Electricals (India) private limited acquired controlling stake in Marine Electricals FZC (currently known as MEL Power Systems FZC), making its subsidiary.
  
• 2012: Became a partner in Narhari Engineers, a Partnership firm involved in manufacturing of specialized shock graded motors for the Indian Navy
  
• 2012: Largest Partner for Schneider Blokset in India a position it has retained till date
  
• 2014: Its subsidiary Marine Electricals FZC (currently known as MEL Power Systems FZC) appointed resellers and service representatives of Northrop Grumman Sperry Marine for UAE
  
• 2015: Appointed as a Franchise Partner for Medium voltage solutions upto 33KV by Schneider Electric.
  
• 2016 Subsidiary Marine Electricals FZC acquires 75% of an electrical and automation Company STI SRL in Italy. 
  
• 2017: Acquired Eltech Engineers Madras Pvt. Ltd., Chennai to increase foot print of electrical equipment in the South.
  
• 2017: Awarded order for 50MW Solar Power plant EPC by NLC India Ltd. 
  
• 2018: Conversion of Company from private to public i.e. from 'Marine Electricals (India) Private Limited' to 'Marine Electricals (India) Limited'. 
  
• 2018: Set up Goa plant situated at Plot No N-54 & N-57, Verna Industrial Estate, Phase- IV, Salcete, South Goa.