https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

GRSE Ranked No. 2 on Fortune India’s “100 Emerging Stars” List, Charts Course for Global Expansion – Know More About It

Founded in 1884 and based in Kolkata, GRSE has emerged as a cutting-edge player in India's maritime defence sector. While over 93% of its revenue still comes from warships, GRSE is now strategically positioning itself to compete in global markets with advanced design and in-house manufacturing capabilities.
Indian Masterminds Stories

Kolkata: Garden Reach Shipbuilders & Engineers Ltd. (GRSE), one of India’s premier defence shipyards, has been ranked No. 2 in Fortune India’s coveted “100 Emerging Stars” list – a recognition of the company’s remarkable transformation from a traditional defence PSU into a globally competitive, innovation-driven shipbuilder.

In an interview with Fortune India, Cmde P.R. Hari, IN (Retd.), Chairman & Managing Director of GRSE, reflected on the shipyard’s ambitious evolution and future strategy. Quoting Charles Darwin, Mr Hari stated, “It’s not the strongest of the species that survives, nor the most intelligent, but the most responsive to change,” capturing the ethos that underpins GRSE’s journey from a 19th-century dockyard to a 21st-century defence powerhouse.

Read Also: From Warships to Weapons: GRSE’s Naval Surface Gun Trial Marks New Era of Indigenous Capability

A Strategic Transformation
Founded in 1884 and based in Kolkata, GRSE has emerged as a cutting-edge player in India’s maritime defence sector. While over 93% of its revenue still comes from warships, GRSE is now strategically positioning itself to compete in global markets with advanced design and in-house manufacturing capabilities. The company has achieved over 90% indigenous content in recent naval deliveries, in line with the Make in India initiative and national goals of technological self-reliance.

We’ve shifted from being a conventional warship builder to an agile, innovation-led shipbuilder, with a focus on global recognition, sustainability, and technological leadership,” Mr Hari explained.

Ambitions Beyond Defence
As part of its GRSE 2.0 roadmap, the public sector enterprise is now eyeing diversification into the commercial shipbuilding sector, where India’s global share has shrunk to less than 1% from 3.5% in 2007.

To reverse this trend, GRSE is planning to build a greenfield shipyard within five years, dedicated to producing high-value commercial vessels such as megamax containerships with capacities of over 20,000 TEU (Twenty-foot Equivalent Units).

Projects like the construction of an Ocean Research Vessel for the National Centre for Polar & Ocean Research (NCPOR) and patrol boats for Bangladesh highlight the company’s growing capability to handle complex, non-naval contracts.

Path to Navratna Status
With an impressive order book of ₹23,877 crore across 40 platforms (as of December 31, 2024), GRSE is working towards achieving Navratna PSU status by 2030. At a recent meeting with analysts and brokers, Hari outlined the company’s future plans to integrate AI, automation, and smart naval systems, ensuring GRSE remains ahead in the rapidly evolving maritime defence ecosystem.

“Our roadmap is clear – leverage India’s strategic location and cost advantage to become a significant player not just in defence but also in global commercial shipbuilding,” said Mr Hari.

Read Also: GRSE Emerges as Lowest Bidder for ₹25,000 Crore Next-Gen Corvette Project; Shares Surge Nearly 11%

Global Aspirations Backed by Innovation
GRSE’s inclusion in Fortune India’s “100 Emerging Stars” comes at a time when the shipyard is aggressively pursuing new markets and partnerships to position India as a formidable force in both defence and commercial maritime sectors.

From its legacy as a builder of warships for the Indian Navy to its current ambition of shaping the future of shipbuilding globally, GRSE stands as a shining example of adaptability, innovation, and strategic foresight.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Shipping-Corporation-of-India-SCI
Leadership Updates: PESB Recommends Nitin Khamesra as Director (Finance) of Shipping Corporation of India Limited
CQB carbine
Decade of Transformation: Army Signs ₹27,770 Crore Deal for 4.25 Lakh Made-in-India CQB Carbines
Rajaji tiger reserve
Wildlife Adventure Returns: Rajaji Tiger Reserve to Resume Jungle Safari from 15 November 2025 — Online Registration Now Open
Panna police
Panna Police Under Siege: SHO and Constable Injured as Villagers Launch Brutal Attack
MP Police games
Khaki Power on the Podium: MP Police Shine at All India Police Games 2025 with Gold, Yoga & Judo Glory
India Russia R-37M missile talks
India Russia R-37M Missile Talks Advances to Arm Su-30MKI fighters
IAF MRFA project
114 Fighters, One Mission — MoD Pushes for 100% Indian Involvement in IAF MRFA Project
Ias sam rizvi
Hyderabad: Principal Secretary IAS SAM Rizvi Opts for Voluntary Retirement Amid Dispute with Telangana Excise Minister Jupally Krishna Rao
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
WhatsApp Image 2025-10-16 at 15.16
The Many Facets of Former IRS Officer and Author, Giselle Mehta | Video Interview
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
ADVERTISEMENT
UPSC Stories
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Ankita Parashar RAS 2023
4 Attempts, 1 Dream, 0 Excuses: Meet RAS Topper Ankita Parashar, Who Fulfilled a Daughter’s Promise & Secured Rank 2 | Exclusive Interview
Ankita Parashar, a teacher-turned-officer from Pushkar, fulfilled her late father’s dream by securing...
Kushal Chaudhary RAS
From Lab Assistant’s Grit to Rajasthan Topper: How Kushal Chaudhary Topped RAS 2023 with Self-Study | Preparation, Strategy & Interview
Kushal Chaudhary, a farmer’s son and lab assistant from Ajmer, topped RAS 2023 through self-study, overcoming...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Shipping-Corporation-of-India-SCI
Leadership Updates: PESB Recommends Nitin Khamesra as Director (Finance) of Shipping Corporation of India Limited
CQB carbine
Decade of Transformation: Army Signs ₹27,770 Crore Deal for 4.25 Lakh Made-in-India CQB Carbines
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-19 at 12.23
WhatsApp Image 2025-10-16 at 15.16
IDES Saquib Alam
ADVERTISEMENT
ADVERTISEMENT