Best Oil & Gas Equipment Companies in India
The 123 best Oil & Gas Equipment companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Everest Kanto Cylinder.
Ranking the top Oil & Gas Equipment companies in India by disclosed equity funding and recent funding momentum, our directory covers 123 tracked firms with $47M in total disclosed capital. No unicorns here. What you get instead is a sector built on real earned revenue, and the numbers are worth your attention.
Across 66 filers, median revenue sits at $4M with 4% YoY growth, but that median hides serious outliers. The combined revenue pool hits $1.1B. Everest Kanto Cylinder pulled in $175M at a 23% growth clip, while Enpro Industries reached $93M at 33% growth. I find the profit figures even more striking: Enpro's $23M net income runs 179 times the sector median of $126,465, and Shankaranarayana Constructions booked $19M at 147 times that same benchmark. Prodair Air Products India logged $191M in revenue at a steady 4% gain, anchoring the top of the revenue table. Funding concentration tells its own story, with Everest Kanto Cylinder commanding $20M of the sector's disclosed total and Dolphin Offshore claiming $15M. The investors backing this space, including ONGC and CLSA Capital Partners, aren't chasing hype. They're following capital that earns its keep.
Our analysis of 50 Oil & Gas Equipment companies
$4.8b in tracked funding; 62% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2012.
Ranked: Best Oil & Gas Equipment companies in India
| # | Company | Disclosed funding | Revenue | Revenue YoY | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Everest Kanto Cylinder Manufacturer of steel gas cylinders | $20M | $179M FY2025 | +23% | 1,007 | 1978 | Puneet Khurana Managing Director | — |
| 2 | Enpro Industries Enpro Industries is a global leader in engineered skids and process equipment | — | $95M FY2025 | +32% | 568 568 → 819 (+44%) | 1988 | Srikrishna Karkare Co-Founder & Managing Director | — |
| 3 | BGR Energy Systems Provider of engineering project contracting services for power and oil & gas sectors | — | $78M FY2025 | -41% | — | 1985 | B Raghupathy Founder & Chairman | — |
| 4 | Asian Fab Tec Provider of electrical contracting, fabrication, and construction services | — | $71M FY2025 | +12% | 175 | 2000 | K Gowda Founder | — |
| 5 | Aban Offshore Provider of offshore drilling services to the oil and gas industry | — | $54M FY2024 | -16% | — | 1986 | Reji Abraham Managing Director | — |
| 6 | DHP India Manufacturer of gas fitting equipment | — | $16M FY2022 | — | 222 | 1991 | Asheesh Dabriwal Founder & CEO | — |
| 7 | Esteem Projects Provider of private country club memberships and recreational amenities | — | $13M FY2025 | +58% | 75 | 2000 | — | — |
| 8 | Ofi India Manufacturer of mud logging, gas detection, and rig instruments | $11M | $12M FY2025 | +17% | 750 | 1992 | — | — |
| 9 | MKC Manufacturer of gas cylinders | — | $12M FY2025 | +100% | 72 | 1984 | — | — |
| 10 | Aakash Exploration Provider of oil and gas field services, including workover rigs and specialized equipment | — | $12M FY2025 | +7% | 831 | 2007 | Vipul Haria Co-CEO | — |
| 11 | Botil Oil Tools India Manufacturer and global supplier of a comprehensive range of downhole drilling & production oil tools | — | $10M FY2022 | — | 201 201 → 139 (-31%) | 1985 | — | — |
| 12 | Dolphin Offshore Provider of underwater services and turnkey EPC projects for the oil and gas industry | $15M | $9M FY2025 | +603% | 256 | 1979 | Satpal Singh CEO & MD | — |
| 13 | Advanced Bolting Solutions Pvt As India's leading turnkey bolting solutions provider, we are Advanced Bolting Solutions (ABS). | — | $9M FY2025 | — | 206 | 1998 | Balasubramanian L Founder & Managing Director | — |
| 14 | Franklinfueling Provider of integrated fuel system solutions for petroleum marketers | — | $8M FY2025 | +25% | 63 | — | — | — |
| 15 | Rotarex Manufacturer of gas control products and systems | — | $7M FY2023 | +19% | 29 | — | — | 3 launchs |
| 16 | WellRx Technologies Provider of oilfield equipmant and services | $307K | $6M FY2024 | +151% | 49 49 → 37 (-24%) | 2020 | Shaily Nimodia Co-Founder | — |
| 17 | Aarkay Supplier of oil and gas equipment | — | $5M FY2023 | — | 79 | 1981 | R K Dave Founder | — |
| 18 | COMPLETION OIL TOOLS Manufacturer and supplier of downhole completion and production tools for the oilfield industry | — | $4M FY2025 | +88% | — | 2019 | Sukhbir Singh Managing Director | 1 partnership |
| 19 | Chemdist Manufacturer of facilities for process equipments | — | $4M FY2025 | -8% | — | 2018 | — | — |
| 20 | Deep Energy Industry experts for MRO services for oil and gas equipment | — | $4M FY2023 | — | — | 2020 | Shail Savla Managing Director | — |
| 21 | GasTech Manufacturer of fuel kits for diesel engines | — | $4M FY2025 | -58% | — | 2023 | Alekhya Boora CEO | — |
| 22 | Flash Point Equipments | — | $4M FY2023 | +45% | — | 1993 | Murli Ramchandran Managing Director | — |
| 23 | Minimac Systems Provider of clean-tech solutions and sector decarbonization solutions 50Product top 32%Innovation top 36%Tech top 39%Fin. health top 42% All 10 signals ▾Producttop 32% Innovationtop 36% Techtop 39% Fin. healthtop 42% Growthtop 50% Marketbottom 45% Talentbottom 45% Moatbottom 37% Fundingbottom 28% Globalbottom 25% Product: 12 distinct product lines · Company stage: Conventional Debt Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 50/100 | $669K | $3M FY2025 | +46% | 113 113 → 117 (+4%) | 2012 | Anshuman Agrawal Founder & CEO & Managing Director | — |
| 24 | Filter Concept Filtration system solution provider offering range of filter system and filter consumables | — | $2M FY2025 | +31% | 175 | 2002 | Mehul Panchal Founder & MD | 1 partnership |
| 25 | Flameproof Equipments Manufacturer and supplier of electrical equipment | — | $2M FY2025 | +11% | 23 | 1966 | Haresh Dhoot CEO | — |
| 26 | Air-N-Gas Process Technologies Manufacturer of PSA nitrogen & oxygen plants, and medical oxygen plants | — | $2M FY2025 | +8% | — | 2007 | Shailesh Verma Founder & CEO | — |
| 27 | Diffuson Coatech Manufacturers of wear and corrosion resistant diffusion coatings for aerospace and oil & gas industry | — | $241K FY2024 | — | — | 2021 | Atul SC Founder & CEO | — |
| 28 | Gascomp Fueltech Manufacturer of clean gaseous fuel equipment | $241K | $171K FY2025 | -43% | 8 | 2020 | Darshan Soni Founder & CEO | — |
Top 10 Oil & Gas Equipment companies in India
#1
Seed · Vadodara, Gujarat · founded 2020 · 8 employees$241.5Kraised▾
Manufacturer of clean gaseous fuel equipment. It specializes in manufacturing compressors, clean fuel dispensers, and other equipment for clean and alternative gaseous fuels such as CNG, BioCNG, LNG, and Hydrogen.
- Mar 2024Seed$120.6K
- Feb 2023Seed$242K
#2
Seed · Rewari, Haryana · founded 2020 · 49 employees$306.9Kraised▾
Provider of oilfield equipmant and services. It is specializes in oilfield technology and engineering services, focusing on advanced well construction, well intervention, and production enhancement for the oil and gas industry. The company is recognized for its integrated well intervention solutions, proprietary workflows, and commitment to innovation, as well as its recent expansion into renewable energy and R&D in the energy sector.
- Dec 2022Seed$608.7K
#3
Public · Mumbai, Maharashtra · founded 1978 · 1007 employees$20Mraised▾
Manufacturer of steel gas cylinders. It also manufactures a range of products including industrial gas, CNG, jumbo cylinders & skids, composite cylinders, crown corks, stoppers, lids, seals, caps, industrial valves, and bathroom tapes. Its cylinders are designed for various industrial applications, such as manufacturing, construction, and healthcare sector.
#4
Funding Raised · Pune, Maharashtra · founded 2012 · 113 employees$669Kraised▾
Provider of clean-tech solutions and sector decarbonization solutions. The company provides global standardized and customized solutions for oil purification, filtration, and flushing systems, OEM filter replacements, oil testing devices, and minimac operations & maintenance services for lube oils, hydraulic oils, control fluids, turbine oils, transformer oils, and gear oils.
- Dec 2021Conventional Debt$669K
#5
Public · Mumbai, Maharashtra · founded 1979 · 256 employees$15Mraised▾
Provider of underwater services and turnkey EPC projects for the oil and gas industry. It offers diving and underwater services, including air, mixed gas, and saturation diving. Fabrication and installation services are also provided, along with rig and ship repairs. The company undertakes design engineering projects and delivers turnkey EPC contracts. A history of providing services to the offshore oil and gas sector is evident in its established capabilities.
#6
Late Stage · Mumbai, Maharashtra · founded 1992 · 750 employees$10.8Mraised▾
OFI manufactures mud logging, gas detection, and rig instruments. Offers data acquisition & monitoring instrument, pressure indicators, diaphragms, gas chromatographs, and measurement while drilling(MWD) systems. Also, provides operation & calibration services.
#7
Early Stage · Ahmedabad, Gujarat · founded 1999 · 132 employees$40.7Kraised▾
Manufacturer of multiple oil and gas equipment
- Jul 2009Unattributed$40.7K
#8
Funding Raised · Ahmedabad, Gujarat · founded 1984 · 72 employees—raised▾
MKC Group manufactures CNG gas cylinders. Has client such as Cummins, Adani Group, Safex, etc.
#9
Funding Raised · India · 29 employees—raised▾
Manufacturer of gas control products and systems. It designs and manufactures cylinder valves, pressure regulators, and complete systems for various applications. These include medical gas applications, specialty gas systems, industrial gas valves, fire protection systems, LPG and cryogenic equipment, and beverage dispensers. The company also offers custom innovations and solutions tailored to specific client needs. Its product lines encompass a wide array of components and systems for precise gas control and safety.
#10
Public · Chennai, Tamil Nadu · founded 1986—raised▾
Provider of offshore drilling services to the oil and gas industry. It offers self-elevating drilling units for exploration and production. The company maintains a fleet of jack-up rigs, capable of operating in various water depths. Services encompass all aspects of offshore drilling operations. A focus on quality systems, health and safety, and environmental protection is integral to its operations. It has offices in multiple locations to support its global clientele.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Equipment coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Oil & Gas Digital is moving in India
A read on the academic research around Oil & Gas Digital — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 535 India-affiliated papers.
- Indian Institute of Technology Dhanbad77
- Indian Institute of Technology Madras62
- Oil and Natural Gas Corporation48
- Rajiv Gandhi Institute of Petroleum Technology43
- University of Petroleum and Energy Studies34
- Enhanced oil recovery5→22
- Pulmonary surfactant2→9
- Wetting1→6
- Petroleum engineering3→7
- Polymer1→4
- Enhanced oil recovery61→111
- Nanofluid5→22
- Residual oil4→16
- Pulmonary surfactant31→42
- Porous medium2→13
- Enhanced oil recovery6→12
- Petroleum engineering6→11
Where oil gas digital is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing oil gas digital patents in India
India oil gas digital patent filing is steady — 2 filings from 15 assignees (2021–2022), led by Glori OIL, SONI Bhupendra, LAL Banwari; annual filings 1→1.
- Glori OIL2
- SONI Bhupendra2
- LAL Banwari2
- Babcock JOHN Allen2
- GAO PENG1
- Rohilla Neeraj1
- Patil Pramod1
- YU Wanglin1
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.