Date: 5th September, 2026

Business Operations

  • Primary business activity: Manufacturing of Electrical equipment, General Purpose and Special purpose Machinery & equipment
  • NIC Code: 2710 (Manufacture of electricity distribution and control apparatus)
  • This business accounts for 100% of the entity's turnover
  • Number of locations: 16 total (6 plants, 10 offices) all in India
  • Markets served: 9 Indian states, 0 international states
  • Export contribution: 4.63% of total standalone turnover

Customer Base

The Company caters to a diversified customer base comprising Government Departments, the Indian Navy, Public Sector Undertakings (PSUs), and large reputed corporate clients across industries including Automotive, Commercial, Residential Buildings, Hotels, Hospitality, Hospitals, Healthcare Facilities, Chemical Industry, Textile Industry, Iron and Steel Industry, Data Centres, Oil & Gas, Pharmaceuticals, Tyre, Manufacturing, Metro Rail Projects and Semiconductor Industry.

Employee Details (as at end of FY 2025-26)

Employees

  • Total employees: 709
  • Male employees: 581 (81.95%)
  • Female employees: 128 (18.05%)
  • Permanent employees: 709
  • Other than permanent: 0

Workers

  • Total workers: 386
  • Male workers: 318 (82.38%)
  • Female workers: 68 (17.62%)
  • Permanent workers: 386
  • Other than permanent: 0

Differently Abled

  • No differently abled employees or workers

Board and KMP Representation

  • Board of Directors: 9 total, 2 women (18.18%)
  • Key Management Personnel: 4 total, 0 women (0%)
  • KMP includes Chairman and Executive Director, Managing Director, Chief Financial Officer (CFO) and Company Secretary (CS)

Employee Turnover Rates (Past 3 years)

Permanent Employees
  • FY 2025-26: Male 15%, Female 12%, Total 27%
  • FY 2024-25: Male 16%, Female 14%, Total 30%
  • FY 2023-24: Male 15%, Female 12%, Total 15%
Permanent Workers
  • FY 2025-26: Male 17%, Female 10%, Total 27%
  • FY 2024-25: Male 18%, Female 12%, Total 30%
  • FY 2023-24: Male 14%, Female 11%, Total 14%

Subsidiary Companies

1. Evigo Charge Private Limited - Subsidiary (96.52% ownership)

2. Eltech Engineers Madras Private Limited - Subsidiary (94.00% ownership)

3. Xanatos Marine Limited - Subsidiary (75.00% ownership)

4. MEL Power Systems FZC - Subsidiary (93.71% ownership)

5. STI SRL - Subsidiary (70.28% ownership)

6. MEL Shipyard Private Limited (formerly Xanatech Synergies Private Limited) - wholly-owned Subsidiary (100.00% ownership)

7. Marks Marine Radio Private Limited - Subsidiary (59.23% ownership)

8. Premalata Foundation - wholly-owned Subsidiary (100.00% ownership)

9. MEL Power Systems PTE LTD. - wholly-owned Subsidiary (100.00% ownership)

Note: Marine Electricals is reporting on standalone basis only, these subsidiaries do not participate in the Business Responsibility initiatives of the listed entity.

CSR Applicability

  • CSR applicable as per section 135 of Companies Act, 2013: Yes
  • Turnover: ₹74,693.71 Lakhs
  • Net worth: ₹45,593.96 Lakhs

Grievance Redressal

  • Complaints/Grievances received in FY 2025-26: 0 across all stakeholder groups (Communities, Investors, Shareholders, Employees and Workers, Customers, Value Chain Partners)
  • Redressal mechanism in place for all stakeholder groups
  • Grievance redressal policy available at: https://www.marineelectricals.com/policies/

Material Responsible Business Conduct Issues

Identified Opportunities:

1. Governance and Ethics - Strong corporate culture reinforcing ethical behavior enhances stakeholder trust

2. Sustainable Product Development and Procurement Process - Encouraging manufacturing of sustainable products

3. Community Impact - Fostering social development through CSR initiatives

4. Customer Centricity - Achieving customer delight and satisfaction

5. Risk Management - Integrated and forward-looking risk management framework

Identified Risks:

1. Occupational Health & Safety - Various measures to implement OHSAS followed

2. Cybersecurity and data privacy - Significant challenges including cyber attacks, data breaches

Management Systems and Certifications

  • ISO 9001:2015 Quality Management System
  • ISO 14001:2015 Environmental Management System
  • ISO 45001:2018 Occupational Health and Safety
  • ISO 27001:2022 Information Security Management System

Performance Against Principles

The company is in the process of formulating goals and targets for measuring progress toward all principles mentioned in the National Guidelines for Responsible Business Conduct (NGRBC). As the organization is in early phases of implementing ESG practices, it intends to define aims and objectives in forthcoming phases.

Energy Consumption (FY 2025-26)

  • Total energy consumed: 17,372.56 GJ
  • From renewable sources: 857.48 GJ (4.93% of total)
  • From non-renewable sources: 16,515.08 GJ (95.07% of total)
  • Energy intensity per rupee of turnover: 0.0000023258

Water Management (FY 2025-26)

  • Total water withdrawal: 10,880.00 kilolitres (all surface water)
  • Total water consumption: 10,880.00 kilolitres
  • Water intensity per rupee of turnover: 0.0000014566
  • Water discharge: 10,880.00 kilolitres (4,480 with no treatment, 6,400 with treatment)

Waste Management (FY 2025-26)

  • Plastic waste: 31.326 metric tonnes
  • Other Hazardous waste: 11.482 metric tonnes
  • Total waste generated: 42.808 metric tonnes
  • Waste intensity per rupee of turnover: 0.0000000057
  • All waste disposed through other disposal operations

Greenhouse Gas Emissions

  • Scope 1 emissions: 1.865 tCO2e
  • Scope 2 emissions: 0 tCO2e
  • Total Scope 1 and Scope 2 emission intensity per rupee of turnover: 0.0000001073

Employee Benefits Coverage

Permanent Employees

  • Health insurance: 71.23% covered (Male 70.22%, Female 75.78%)
  • Accident insurance: 35.97% covered (Male 41.31%, Female 11.72%)
  • Maternity benefits: 0.42% covered (3 female employees)
  • Paternity benefits: 0% covered
  • Day care facilities: Not available

Permanent Workers

  • Health insurance: 0% covered
  • Accident insurance: 25.39% covered (Male 30.82%, Female 0%)
  • Maternity benefits: 0% covered
  • Paternity benefits: 0% covered
  • Day care facilities: Not available

Statutory Dues Compliance

  • PF: 100% coverage for employees and workers, deducted and deposited with authority
  • Gratuity: 100% coverage for employees and workers
  • ESI: 38% employee coverage, 99% worker coverage, deducted and deposited with authority

Training and Awareness

  • 100% of employees and workers received training on human rights issues and policies
  • Multiple training programs conducted on safety, code of conduct, performance improvement, health and safety, communication skills, etc.

Median Remuneration (FY 2025-26)

  • Board of Directors: Male ₹3,19,285, Female ₹1,25,000
  • Key managerial personnel: Male ₹2,93,728, Female ₹0
  • Employees other than BoD and KMP: Male ₹50,713, Female ₹96,579
  • Workers: Male ₹1,18,706, Female ₹1,21,856
  • Gross wages paid to females as % of total wages: 34%

Cybersecurity and Data Privacy

  • No instances of data breaches in FY 2025-26
  • No data breaches involving personally identifiable information of customers
  • No impact from data breaches
  • ISO 27001:2022 Information Security Management System implemented

Industry Affiliations

1. Shipyard Association of India - National reach

2. IEEMA - National reach

3. IMC - National reach