Great Eastern Shipping Co.

The Great Eastern Shipping Co. Ltd. (GE Shipping) is the biggest private sector shipping company in India. The company operates 2 businesses –offshore exploration and shipping.

The main activities of the company are transporting petroleum products, crude oil exploration, and gas and dry bulk commodities. It also carries out production activities and offshore exploration.

Policies of Great Eastern Shipping Co.:

• Owning, operating, and managing the ships without any incidents (such as sea-spills) and also ensuring safety of the personnel and the cargo on board the ship.
  
  
• Providing an effective and competition-oriented sea-bulk transportation system which is cost-reliable, quality-oriented, safe, and able to deliver on time.
  
  
• Achievement of excellence in the management systems and to have a world-class standard with the introduction of the best practices.
  
  
• To have a management that is responsive and powered by a dedicated work force.
  
  
• Creating value for the share holders of the country

Latest Financial Figures	(Figures in Rs. Crores)
ET 500 Rank(2011)	241
Industry	Shipping
Turnover	2740.96
Profit after Tax(PAT)	468.7
MCAP (Market Capitalization)	3613.36
Assets	12025.71

Fleet of Great Eastern Shipping Co.:

• The company has a total number of 47 ships which include Tankers,
• LPG Carriers, and Dry Bulk Carriers.

The board of the Great Eastern Shipping Co.:

• K. M. Sheth, Executive Chairman
• Bharat K. Sheth, Dy. Chairman & Managing Director
• Keki M. Mistry
• Vineet Nayyar
• Rusi Sethna
• Asha V. Sheth
• Berjis Desai
• Cyrus J. Guzder
• Ravi K. Sheth, Executive Director

Key personnel of the Great Eastern Shipping Co.:

• Corporate functions:
  • Mr. P.R. Naware, President
  • Mr. N.J. Thomas, Vice President, HR
  • Mr. Balan Wasudeo, Chief Financial Officer
  • Mr. Rajat Dutta, G.M., Planning and Corp. Communication
  • Mr. Jayesh Trivedi, Company Secretary
• Business functions
  • Mr. Tapas Icot, President, Shipping
  • Mr. David Birwadkar, Vice President, Fleet Management
  • Mr. Reginald Sequeira, Vice President, Commercial
  • Mr. Anjan Sahu, G.M., Tanker, Technical
  • Mr. A. D. Mahapatra, G.M., Projects
  • Mr. I. N. Bose, G.M., QST
  • Capt. Prakash Correa, G.M., Tanker Operations, International
  • Capt. Venkatesh Kailash, G.M., Bulk Carrier & Coastal Tanker Operations
  • Mr. Somesh Kapila, G.M., Chartering
  • Mr. Alok Mahajan, G.M., Sale & Purchase
  • Mr. G Shivakumar, G.M., Research & Strategic Planning

Last Updated on 1/4/2012