India's First Shipyard
In the early 20th century, India's maritime trade was entirely controlled by British shipping companies. Indian goods were carried on British ships, by British crews, generating profits that flowed back to London. Walchand Hirachand saw this colonial stranglehold and resolved to break it.
In 1919, together with Narottam Morarjee, he co-founded the Scindia Steam Navigation Company. The company acquired its first ship, the SS Loyalty, and began competing directly with the British India Steam Navigation Company on Indian coastal routes.
But Walchand's vision extended beyond merely operating ships — he wanted India to build them. In 1941, despite fierce British opposition, he established the Scindia Shipyard in Visakhapatnam. The yard launched its first vessel, proving that Indians possessed the skill and determination to build ocean-going ships.
- Founded Scindia Steam Navigation Company (1919)
- Challenged the British monopoly on Indian shipping
- Established India's first Indian-owned shipyard in Visakhapatnam
- Launched the SS Loyalty — India's first ocean-going vessel built by an Indian company
- Laid the foundation for India's modern maritime industry