The Full Form of GRSE is Garden Reach Shipbuilders & Engineers.
Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India’s leading shipyards, located in Kolkata, West Bengal. It builds and repairs commercial and naval vessels. Presently GRSE has also started building export ships in a mission to expand its business.
Founded in 1884 as a small privately owned company on the eastern bank of the Hooghly River, it was renamed as Garden Reach Workshop in 1916. The company was nationalised by the Government of India in 1960. It was awarded the Miniratna status, with accompanying financial and operational autonomy in September 2006. It is first Indian shipyard to build 100 warships.
GRSE is a shipbuilding company in India under the administrative control of the MoD, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE derives a significant majority of its revenue from its shipbuilding division, which has contributed 94.14%, 90.13%, 92.19% and 94.76% to GRSE’s gross revenue in fiscals 2018, 2017, 2016 and 2015 respectively. In addition to its ship and warship building capabilities, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.
In 1934, GRSE was incorporated under the Indian Companies Act, 1913, and was later acquired by the Government of India from Macneill & Barry Limited on May 19, 1960. Shortly after becoming a CPSE in 1960, GRSE built India’s first indigenous warship–the INS Ajay, in the year 1961.
GRSE
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Garden Reach Shipbuilders & Engineers
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