- Business
- Shipping Corporation of India Land and Assets Limited (SCILAL) operates as a holding company focused on managing and disposing of non-core assets previously held by its parent, Shipping Corporation of India Limited (SCI); its core activities encompass real estate operations with owned or leased properties, higher technical and vocational education services through maritime training initiatives, and strategic asset monetization distinct from SCI's core shipping disinvestment process. The company holds a portfolio of non-core assets including land parcels and related properties transferred via demerger, with operations spanning real estate development, leasing, and educational services targeting Indian and international seafarers. Incorporated on November 10, 2021, as a wholly owned subsidiary of SCI and classified as a Schedule 'C' Public Sector Enterprise by the Ministry of Ports, Shipping and Waterways in December 2023, SCILAL maintains its headquarters at Shipping House, 245 Madame Cama Road, Mumbai, India.
In recent developments, SCILAL completed the demerger scheme of SCI's non-core assets, approved by the Ministry of Corporate Affairs in February 2023 and effective March 14, 2024, resulting in the listing of its equity shares on the National Stock Exchange (NSE) and BSE on March 19, 2024, under the ticker SCILAL.NS, with one share allotted to SCI shareholders per share held. The company registered its logo as a trademark on May 22, 2023, for real estate affairs and continues operations under a service level agreement with SCI; in fiscal year 2025, it reported unaudited half-year profits of Rs. 18.53 crore for the period ended September 30, 2025, alongside a maiden dividend declaration with a record date of September 5, 2025. No major acquisitions, funding rounds, or new partnerships have been announced in the last 1-2 years, though regulatory fines for board compliance were imposed by stock exchanges on November 28, 2025, totaling Rs. 9.77 lakh each from NSE and BSE.