Vision Mission Values and Corporate Objective

VISION

To become a Navratna Company by 2030 and be globally recognised as the best Indian Shipyard

MISSION

  • To be self-reliant in design capability and deploy state-of-the-art manufacturing processes
  • To build Quality Warships at competitive prices, exceeding customer’s expectation in terms of delivery time and product support
  • To achieve sustained growth through customer satisfaction, product innovation, capturing export potential, employee and other stakeholder engagement and talent
    development
  • Leverage GoI Initiatives and Technology to ” Reform & Transform” in all spheres of Operations to attain “Next Level of Performance”

GRSE VALUE SYSTEM

Fairness
GRSE visualizes itself to build a strong reputation for fair dealing encouraging vendors, independent contractors, business partners and customers to do business with it again and again. The company is walking strongly on the path of bringing in absolute transparency in all its transaction within as well as outside the organization.
 

Pursuit of Excellence
The Company does not wish to live in its past achievements but shall continuously try to develop better products & services, constantly improve customer satisfaction, upgrade operational efficiency and the productivity of everyone in the organization. The emphasis on this value is partially driven by the competitive nature of business being foreseen in the near future.
 

Innovation
Innovators in business are constantly looking for emerging customer needs and designing best-in-class solutions to address those needs. Innovation allows a company to improve the quality of life for its customers. Making constant innovation a core value helps corporations grow in the face of ever-increasing competition because they take advantage of emerging opportunities before competitors can. GRSE plans to imbibe this value system strongly in its current and future plan of actions.
 

Recognition
Generosity is the principle that each member of the organization share in the Company’s success. Rewards & Recognition are to become a way of life, thus increasing employee motivation, loyalty and leading to higher productivity.
 

Employee Concern
Employees view their careers as more than a means of earning wages. They want to work for a company that truly cares about them. Employees want supervisors to listen to their ideas and concerns. They want a career path planned out for them, one in which they can continue to learn, acquire new skills and rise within the organization. Managers at all levels of an organization want to be supplied with the resources they need – including technology, human resources and funding – to accomplish their assigned goals. GRSE plans to carry this value system along its way, into the future.

Community Development
GRSE plans to continue being an active participant in improving the quality of life for the communities in which it operates, or society as a whole.

To fulfill the Mission requirements, taking into account the findings of the present performance review, the objectives of the company are redefined
as appended below :-

  1. Develop the Design Department into a "Centre of Excellence".
  2. Enhance design capability through collaborative approach.
  3. Upgrade shipbuilding technology / processes towards enhanced productivity, reduced build period as well as higher VOP/Employee.
  4. Introduce modern Material Management / Supply Chain Management Process for achieving substantial reduction in procurement cycle time and material on cost.
  5. Phased implementation of Industry 4.0 concepts to achieve better results
  6. Vendor development and building long term partnerships, with capable competent partner shipyards/ firms.
  7. Introduce modern Project Management process in shipbuilding projects
  8. Achieve cost reduction and improvement of productivity to ensure lower Labour Cost % of VOP
  9. Leverage Information & Communication Technology (ICT) for better management
  10. Maximise indigenous content in warship construction and achieve cost reduction and increase self-reliance
  11. Optimum utilization of space and facilities to bring down Build Period
  12. Upgrade products of Bridge Unit, Deck Machinery Unit & Diesel Engine Plant
  13. Improve quality of products as per International Bench Marks. Retain ISO Certification and acquire other certifications such as AS 9100.
  14. Focus on Enhancement in customer satisfaction
  15. Business development through concerted marketing efforts
  16. Implement strategies for further growth, expansion & diversification
  17. Focus on Sustainable Development and achieve increase in Market Capitalisation
  18. Developing Engineering Businesses other than Shipbuilding as separate Profit Centres
  19. Developing new & separate Profit Centres with regard to new Shipbuilding and Ship Repair
  20. Enhance Human Resource development by aligning HR with business