By FMTeam Not a lot of people truly know that GE Shipping or Great Eastern Shipping actually is the largest private shipping company that transports valuable commodities like petroleum products in bulk. Still, not a lot of people truly know about this company yet, so we’re here to introduce you to GE shipping but talking about things like Net Worth, Owner, CEO, Head Office and whatnot.
| Company name | The Great Eastern Shipping Company Limited. |
| Establishment year | 1948 |
| Head Office | Mumbai |
| Owner / Founder | Founded by the Sheth family and the Bhiwandiwalla family |
| CEO / MD | Bharat K. Sheth (Deputy Chairman and Managing Director) |
| Industry | Shipping and offshore oil and gas services |
| Number of employees | More than 500 employees |
| Net worth / Market capitalization | Around ₹15,802 crore (29 Nov 2025) |
| Total revenue in 2024 | ₹42.00 billion |
About Great Eastern Shipping
Oh, it’s just one year younger than the modern-day India itself, like, the origin of this firm dates back to 1948, just after India was freed. It was launched by two families: the Sheth family and the Bhiwandiwalla family, to continue their trading business. And? Well, just going down the line, and in the process, it became a big brand in India’s shipping industry.
What About Revenue and Profits?
Great Eastern Shipping is surely among the largest private sector shipping players in India, so their gains and financial scale are much larger, too, right? Oh, well, that shows pretty much in their performance, like in 2025, their market cap is standing super high at around ₹15,802 crore by 29 Nov 2025.
Current and Future Plans
No doubt, from the looks of it, currently, the business is growing in a controlled manner without the need for additional loans. In 2025, they extended their fleet with a few more dry bulk carriers, such as a Kamsarmax vessel, and they intend to introduce an Ultramax shortly. And? Well, so far, it is indicated from their balance sheet that the money for all these new investments is coming from within the company; that’s a super good thing altogether.