Company lists
The India edition · 2026

Oil & Gas Upstreamcompanies in India

Exploration & production, oilfield services, fuel & gas distribution, diversified groups, listed and more: the companies building oil & gas upstream in India, with their founders, funding, team size and business models.

85 company profiles34 with reported revenue4 with recorded fundingOctober 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent oil & gas upstream business events in India

Funding, M&A, contract wins and launches involving 98 oil & gas upstream companies in India, last 24 months: 107 Contracts · 8 M&A deals · 3 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractService

Power mech projects · client: Adani Infrastructure Management Services Limited

Power Mech Projects Limited has secured a new order worth ₹266.26 crore from Adani Infrastructure Management Services Limited for operations and maintenance services at a thermal power…

Power
ContractSupply

DEE Development Engineers · client: Bharat Petroleum

The contracts include a INR 386.83 crore order from Bharat Petroleum Corporation (BPCL) for the manufacturing and supply of piping systems

Energy
M&AAcquisition · Announced

Ongc videsh acquires Vankorneft

MoU between ONGC Videsh (OVL) and Rosneft regarding acquiring of 11% share in Vankorneft in addition to earlier 15% share by OVL;

Oil & Gas
ContractMaintenance

Power mech projects · client: Maha Mumbai Metro Operation Corporation Ltd.

Power Mech Projects Ltd. on Friday, April 10, said it has secured a ₹296 crore operations and maintenance contract from Maha Mumbai Metro Operation Corporation Ltd. for the Mumbai…

Urban mobility
ContractService

Deep industries · client: Oil india

This marks the company’s second order win, after it secured a ₹148 crore contract from Oil India in February for the hiring of a 1,000 HP mobile drilling rig package in Assam and…

ContractInfrastructure

Adani Infrastructure Management Services Ltd · client: Power mech projects

The order strengthens the company’s operations and maintenance portfolio in the power sector, following a ₹709.56 crore contract secured in March from Adani Infrastructure Management…

Power
M&AAcquisition · Completed

VEDANTA GROUP acquires Meenakshi Energy

Vedanta's acquisition of Meenakshi Energy faced prolonged litigation and delays, with the transaction eventually closing in 2023 after several revisions.

ContractInfrastructure

NBCC Ltd · client: Oil india

The largest order, valued at around ₹227.99 crore, has been awarded by Oil India Ltd. The contract involves the construction of an executive housing complex at Duliajan in Assam on a…

Infrastructure
ContractInfrastructure

Desco Infratech · client: Bharat Petroleum

Desco Infratech Limited has received a Letter of Intent (LOI) from Bharat Petroleum Corporation Limited (BPCL) for the execution of critical pipeline infrastructure works across multiple…

Oil & gas
ContractGovernment

Hindustan copper · client: Oil india

HCL has signed multiple agreements with PSUs like Oil India Ltd and Coal India Ltd to explore, mine, and develop critical minerals (copper, nickel, cobalt) and rare earth elements.

Critical minerals
ContractSupply

Trafigura · client: Bharat Petroleum

New Delhi State-run Bharat Petroleum Corporation (BPCL) has signed a crude oil supply agreement with Trafigura to supply Iraqi Basrah and Oman crude oil to the oil marketing company…

Energy
ContractTechnology

Hindustan petroleum corporation limited · client: Oil india

Hindustan Petroleum Corporation Limited and Oil India Limited have signed a memorandum of understanding at India Energy Week 2026 to collaborate on the development of a compressed…

ContractInfrastructure

Bharat Petroleum · client: Gmr hyderabad international airport

Goa, January 27, 2026: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and a Maharatna PSU, has taken another significant step towards strengthening India’s…

Aviation
ContractSupply

Petrobras · client: Bharat Petroleum

India’s state‑owned refiner Bharat Petroleum Corporation Limited (BPCL) is set to sign next week an oil supply deal with Brazilian state giant Petrobras for the delivery of 12 million…

Energy
ContractSupply

Totalenergies · client: Oil india

state-owned upstream major Oil India along with their Navaratna subsidiary Numaligarh Refinery would be inking a memorandum of understanding with French major TotalEnergies for LNG sourcing.

Oil & Gas
ContractTechnology

Va tech wabag · client: Bharat Petroleum

VA Tech WABAG has secured a large order from Bharat Petroleum Corporation (BPCL) for water treatment facilities for a refinery project in Madhya Pradesh.

Oil & Gas
ContractGovernment

Oil india · client: Arunachal Pradesh State Government

OIL India Limited has signed a Deed of Agreement for Composite Licence of Phop Graphite and Vanadium block at Yazali circle in Arunachal Pradesh, an official statement said.

Mining
ContractInfrastructure

Larsen & Toubro’s Hydrocarbon Onshore (L&T Onshore) · client: Bharat Petroleum

Larsen & Toubro’s Hydrocarbon Onshore business vertical (L&T Onshore) has secured a major order worth up to ₹10,000 crore from Bharat Petroleum Corporation Ltd (BPCL) to build a linear…

Petrochemicals
ContractInfrastructure

Larsen & toubro · client: Bharat Petroleum

Larsen & Toubro (L&T) has secured a significant contract valued between ₹5,000 crore and ₹10,000 crore from Bharat Petroleum Corporation Ltd (BPCL), reinforcing its leadership in India’s…

Hydrocarbon Engineering and Construction
ContractService

L&T Onshore · client: Bharat Petroleum

New Delhi, December 23, 2025: L&T’s Hydrocarbon Onshore business vertical (L&T Onshore) has won a major order from Bharat Petroleum Corporation Ltd (BPCL).

Hydrocarbon
ContractTechnology

Totalenergies · client: Oil india

Oil India Limited (OIL) and TotalEnergies inked a ‘Technology Service Agreement’ on 19th November 2025 in New Delhi to strengthen strategic collaboration for exploration activities in…

Oil & Gas
Funding

Oil india

In the September quarter of 2025, SBI Group, through SBI Pension Fund UPS CG Scheme, acquired a fresh stake of 1.5 percent in Oil India Limited.

Investors SBI Pension Fund UPS CG Scheme
ContractInfrastructure

Bharat Petroleum · client: Cochin Port Authority

The Cochin Port Authority and Bharat Petroleum Corporation Limited have signed a Memorandum of Understanding to establish LNG bunkering facilities for LNG-powered and dual-fuel vessels…

Maritime / LNG Bunkering
ContractSupply

SK Minerals & Additives Ltd · client: Bharat Petroleum

SK Minerals and Additives, through a stock exchange filing, announced that it has been awarded a significant order valued at Rs 56.71 crore by Bharat Petroleum Corporation Limited (BPCL)…

Contract

GAIL (India) · client: Oil india

Last month, OIL signed a MoU with GAIL (India) to strengthen cooperation across the natural gas value chain and unlock synergies for expanding access to cleaner energy across the country.

Natural Gas
Contract

Mahanagar gas · client: Oil india

State-run Oil India (OIL) has signed a memorandum of understanding (MoU) with Mahanagar Gas (MGL) to explore opportunities in liquefied natural gas (LNG) segment.

Liquefied Natural Gas (LNG)
ContractService

Alphageo Offshore Services Private Limited · client: Oil india

Alphageo (India) Ltd’s subsidiary Alphageo Offshore Services Private Limited has secured a domestic order worth Rs. 34.98 crore (plus applicable taxes) from Oil India Limited for 2D and…

Oil & Gas Exploration
Contract

VEDANTA GROUP · client: Cairn india

The block was originally acquired as part of Cairn India’s portfolio when Anil Agarwal’s Vedanta Group took over the company in 2011 in a USD 8.67 billion deal.

Oil and gas
M&AMerger · Announced

Asian Energy Services acquires Oilmax energy

the shares of the Oil Equipment & Services provider plummeted up to 14 percent in today’s trading session after the company’s board approved a merger by absorption of Oilmax Energy…

Energy and Minerals
ContractInfrastructure

BGR Tech · client: Oil india

BGR Tech, in partnership with Collabrah India, a strategic JV, has been awarded a ₹53.5 crore contract by Oil India Limited (OIL) for the deployment of six Surface Production Facilities…

Oil & Gas

Oil & Gas Upstream companies in India, by revenue

Browse oil & gas upstream companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 34 companies below are the largest by their most recent reported revenue among 34 oil & gas upstream companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 34

Operator of oil and gas refinery

Oil & gas upstream
₹99,720.40 crFY 2024-25
+9%2024–2025
4,002+1% 12 mo to Mar 2023LinkedIn · Oct 2026
19 yr2007
0none in 3 months

Provider of oil & gas exploration and production services

Oil & gas upstream
US$5.00bnDec 2024
+60%2023–2024
477+112% 12 mo to Dec 2023LinkedIn · Oct 2026
12 yr2014
0none in 3 months

Developer and producer of crude oil and natural gas

Oil & gas upstream
₹37,646.48 crFY 2023-24
Not reported
3,219-6% 12 mo to Sep 2024recorded Sep 2024
67 yr1959
0none in 3 months · last posted Jul 2026

Power generation infrastructure-construction company

Non- renewable power generation
₹4,234.40 crFY 2023-24
Not reported
6,000+15% 12 mo to Jul 2024LinkedIn · Oct 2026
27 yr1999
0none in 3 months · last posted Apr 2026

302 Found

Oil & gas upstream
₹2,361.03 crFY 2024-25
+4%2024–2025
286LinkedIn · Oct 2026
26 yr2000
0none in 3 months

Oil and natural gas production and exploration company

Oil & gas upstream
₹767.81 crFY 2023-24
Not reported
485+11% 12 mo to Jun 2024LinkedIn · Oct 2026
43 yr1983
—No postings tracked

Integrated oil and gas company focused on exploration, production, and EPC

Oil & gas upstream
₹588.94 crFY 2024-25
+42%2024–2025
137+7% 12 mo to Jul 2024LinkedIn · Oct 2026
18 yr2008
0none in 3 months

Provider of gas & liquid fuel based power generation systems

Oil & gas upstream
₹371.03 crFY 2023-24
+9%2023–2024
366+9% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
1postings · last posted Aug 2026

Provider of petrochemical products and services in the oil and gas industry

Oil & gas upstream
₹297.21 crFY 2024-25
+2%2024–2025
27+0% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Oil and gas exploration and production company

Oil & gas upstream
₹239.09 crFY 2021-22
Not reported
1,232LinkedIn · Jul 2026
42 yr1984
0none in 3 months · last posted Jun 2026

Manufacturer of tyre pyrolysis oils

Oil & gas upstream
₹249.82 crFY 2024-25
+23%2024–2025
67LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturers of premium quality edible oil and gas

Traditional conglomerates
₹225.24 crFY 2024-25
+6%2024–2025
20-3% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Oil and natural gas exploration and production company

Oil & gas upstream
₹176.89 crFY 2023-24
Not reported
76+31% 12 mo to Sep 2024recorded Sep 2024
41 yr1985
—No postings tracked

Provider of wire-line logging, slickline, perforation and related services to upstream oil companies

Oilfield services
₹157.69 crFY 2021-22
Not reported
475+9% 12 mo to Sep 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months · last posted Jul 2026

Provider of industrial and medical gases production services

Oil & gas upstream
₹133.13 crFY 2024-25
+44%2024–2025
39+8% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Importer, manufacturer, and supplier of industrial and specialty gases with a focus on refrigerants

Oil & gas upstream
₹83.54 crFY 2021-22
Not reported
—Not available
32 yr1994
—No postings tracked

Global provider of surface frac solutions in the oilfield industry

Oil & gas upstream
₹73.02 crFY 2021-22
Not reported
31LinkedIn · Oct 2026
161 yr1865
—No postings tracked

Provider of oil production services

Oil & gas upstream
₹72.44 crFY 2021-22
Not reported
21-4% 12 mo to Sep 2024recorded Sep 2024
53 yr1973
—No postings tracked

Manufacturer and distributor of lubricating products, including engine oils, greases, and gear oils, catering to various industries

Oil & gas upstream
₹36.00 crFY 2024-25
+13%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of oil and gas extraction support services

Oil & gas upstream
₹31.07 crFY 2024-25
+61%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of rig technical and support services for the oil and gas industry

Oil & gas upstream
₹20.88 crFY 2024-25
-58%2024–2025
60+8% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Oil and gas production company

Oil & gas upstream
₹14.33 crFY 2022-23
Not reported
6+0% 12 mo to Mar 2022LinkedIn · Oct 2026
35 yr1991
—No postings tracked

Oceanergy – Offshore Engineering Design and Energy Consultants

Oil & gas upstream
₹8.84 crFY 2024-25
-4%2024–2025
59LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Oil & gas production company

Oil & gas upstream
₹5.52 crFY 2021-22
Not reported
51LinkedIn · Jul 2026
31 yr1995
—No postings tracked

Provider of online women's lifestyle content and services

Oil & gas upstream
₹4.39 crFY 2024-25
+35%2024–2025
72LinkedIn · Oct 2026
17 yr2009
0none in 3 months
34 of 85 companies shown here · the full list is on Radar
Fliar Radar

Explore all 85 oil & gas upstream companies in India on Radar

This page shows the top 34. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 85 oil & gas upstream companies in India, filterable by stage, funding, team size, revenue model and age.
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Explore oil & gas upstream companies in India by what you are looking for

Browse oil & gas upstream companies in India, from exploration and production operators to oilfield services providers. Find a list of oil and gas exploration companies in India and listed upstream oil companies.

7 ways to explore oil & gas upstream in India

Oil & gas exploration and production companiesOilfield services & equipment providersFuel, LPG & gas distribution companiesDiversified energy & conglomerate groupsListed oil & gas upstream companies in IndiaOil & gas startups in India

Oil & gas exploration and production companies

Operators that explore for and produce crude oil and natural gas.

  1. Permian Resources

    Provider of oil & gas exploration and production services

    Oil & gas upstream
    See in list
  2. Oil India

    Developer and producer of crude oil and natural gas

    Oil & gas upstream
    See in list
  3. Power Mech Projects

    Power generation infrastructure-construction company

    Non- renewable power generation
    See in list
  4. Valvolinecummins

    302 Found

    Oil & gas upstream
    See in list
  5. HOEC

    Oil and natural gas production and exploration company

    Oil & gas upstream
    See in list
71 companies in India

Oilfield services & equipment providers

Companies providing logging, chemicals and technical services to oil and gas operators.

  1. HLS Asia

    Provider of wire-line logging, slickline, perforation and related services to upstream oil companies

    Oilfield services
    See in list
  2. Caliche

    Company specializing in oilfield microorganisms and applications

    Energy training and research services
    See in list
  3. AG Ashtavinayaka Petrochem

    Provider of petrochemical products and services in the oil and gas industry

    Oil & gas upstream
    See in list
  4. Prabha Energy

    Provider of online women's lifestyle content and services

    Oil & gas upstream
    See in list
  5. Onnyyxx

    Manufacturer of specialty chemicals and additives for the petrochemical industry

    Oil & gas upstream
    See in list

Fuel, LPG & gas distribution companies

Companies in fuel retail, LPG, city gas distribution and lubricants.

  1. Green Power International

    Provider of gas & liquid fuel based power generation systems

    Oil & gas upstream
    See in list
  2. Prabha Energy

    Provider of online women's lifestyle content and services

    Oil & gas upstream
    See in list
  3. Nityam Resources

    Developer of residential properties

    Oil & gas upstream
    See in list
  4. AITHANOLI CIBUS

    Producer of renewable energy fuels, primarily ethanol, derived from corn and other plant materials, aiming to reduce carbon footprint and offer a cleaner alternative to traditional fossil fuels

    Oil & gas upstream
    See in list
  5. SKN .Haryana City Gas Distribution

    Provider of piped natural gas

    Oil & gas upstream
    Website
21 companies in India

Diversified energy & conglomerate groups

Large diversified groups with oil and gas upstream operations alongside other businesses.

  1. Goyal Group

    Manufacturers of premium quality edible oil and gas

    Traditional conglomerates
    See in list
  2. Bharat Petroleum Mumbai Refinery

    Vaada nahi, Daava

    Global 2000
    Website
  3. Assam Company

    Oil & gas exploration and tea plantation company

    Oil & gas upstream
    Website
  4. Jaihind Projects

    Jaihind Projects Ltd is an engineering, procurement, and construction company. The business activity of the group is primarily conducted through Laying of pipes segment. It engages in the provision of planning, designing, engineering, procurement, fabrication, and construction services for refineries, processes, power plants, and construction of city gas distribution projects for the supply of piped natural gas and compressed natural gas, as well as laying of cross-country pipelines. It also involved in oil and gas pipeline construction, city gas distribution, horizontal directional drilling,

    Oil & gas upstream
    Website
  5. GET Global Group

    Provider of turnkey solutions and lower operating expenses for the oil and gas industry

    Oil & gas upstream
    Website

Listed oil & gas upstream companies in India

Oil and gas upstream companies listed on the stock exchanges.

  1. Permian Resources

    Provider of oil & gas exploration and production services

    Oil & gas upstream
    See in list
  2. Oil India

    Developer and producer of crude oil and natural gas

    Oil & gas upstream
    See in list
  3. Power Mech Projects

    Power generation infrastructure-construction company

    Non- renewable power generation
    See in list
  4. HOEC

    Oil and natural gas production and exploration company

    Oil & gas upstream
    See in list
  5. Assam Company

    Oil & gas exploration and tea plantation company

    Oil & gas upstream
    Website
11 companies in India

Oil & gas startups in India

Newer oil, gas and energy companies founded in recent years.

  1. Vtaainfraproject

    Provider of oil and gas extraction support services

    Oil & gas upstream
    See in list
  2. Collabrah

    Oil & Gas start-up service company offering production facilities and well intervention services

    Oil & gas upstream
    See in list
  3. AITHANOLI CIBUS

    Producer of renewable energy fuels, primarily ethanol, derived from corn and other plant materials, aiming to reduce carbon footprint and offer a cleaner alternative to traditional fossil fuels

    Oil & gas upstream
    See in list
  4. MicroBite

    Provider of oil & gas exploration and production services

    Oil & gas upstream
    Website
  5. EOGEPL

    Provider of oil and gas exploration and production services

    Oil & gas upstream
    Website
10 companies in India

Oil & gas upstream companies hiring in India

Upstream oil and gas companies with open roles right now.

  1. Oil India

    Developer and producer of crude oil and natural gas

    Oil & gas upstream
    See in list
  2. Power Mech Projects

    Power generation infrastructure-construction company

    Non- renewable power generation
    See in list
  3. Green Power International

    Provider of gas & liquid fuel based power generation systems

    Oil & gas upstream
    See in list
  4. OCS Services

    Oil and gas exploration and production company

    Oil & gas upstream
    See in list
  5. HLS Asia

    Provider of wire-line logging, slickline, perforation and related services to upstream oil companies

    Oilfield services
    See in list
6 companies in India
Mobile reach

Top 4 oil & gas upstream apps from India

The most-installed Android apps published by oil & gas upstream companies headquartered in India — 98K installs between them. 4 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 4
4

HMEL Business Connect 2.0

by HMEL

Installs172
Rating—
Last updatedJan 2023
View on Google Play ↗
HMEL Business Connect 2.0 screenshot 1HMEL Business Connect 2.0 screenshot 2HMEL Business Connect 2.0 screenshot 3HMEL Business Connect 2.0 screenshot 4HMEL Business Connect 2.0 screenshot 5HMEL Business Connect 2.0 screenshot 6
The business behind the activity

Oil & Gas Upstream financials in India

Revenue, profit and growth from the filed annual accounts of 38 oil & gas upstream companies in India for FY24-25 — 40 of the 85 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹282,328.57 cr

38 companies filing accounts

combined net profit₹41,918.94 cr

14.8% aggregate margin

are profitable79%

30 of 38 companies

median revenue~₹47.9 cr

the typical company

median revenue growth+2%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹180,968.10 crFY19-2032 filers
₹143,866.45 crFY20-2136 filers
₹230,866.05 crFY21-2237 filers
₹294,015.21 crFY22-2337 filers
₹275,950.12 crFY23-2437 filers
₹282,328.57 crFY24-2538 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 33 companies over three years

-4%
FY22-23₹293,733.39 cr₹52,727.10 cr net
FY23-24₹275,673.02 cr₹48,615.67 cr net
FY24-25₹282,167.62 cr₹41,910.03 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr425% profitable
₹1–10 cr786% profitable
₹10–100 cr1191% profitable
₹100–1,000 cr1182% profitable
Over ₹1,000 cr580% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking17
0–20%9
20–50%4
50–100%2
Doubled+3

35 companies with accounts for both years; median growth +2%.

Profitability

Profit is concentrated at the top

30profitable
8loss-making
14.8%aggregate margin
4.6%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
VtaainfraprojectVTAA INFRA PROJECT PRIVATE LIMITED+61%₹31.07 cr
Selan Exploration TechnologyANTELOPUS SELAN ENERGY LIMITED+54%₹272.88 cr
SWOP EngineeringSWOP ENGINEERING PRIVATE LIMITED+25%₹26.86 cr
MOSILMOSIL LUBRICANTS PRIVATE LIMITED₹68.21 cr
COMACOECOASTAL MARINE CONSTRUCTION AND ENGINEERING LIMITED+21%₹633.83 cr
Assam CompanyASSAM COMPANY INDIA LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
HOECHINDUSTAN OIL EXPLORATION COMPANY LIMITED38.3%₹384.98 cr
Oilmax EnergyOILMAX ENERGY PRIVATE LIMITED35.5%₹136.95 cr
GeoEnpro PetroleumGEOENPRO PETROLEUM LIMITED30.7%₹11.25 cr
Selan Exploration TechnologyANTELOPUS SELAN ENERGY LIMITED27.1%₹272.88 cr
COMACOECOASTAL MARINE CONSTRUCTION AND ENGINEERING LIMITED₹633.83 cr
Oil IndiaOIL INDIA LIMITED25.5%₹23,987.07 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Oil & gas upstream33₹277,310.49 cr~₹31.1 cr76%15.0%
Leaders

Largest oil & gas upstream companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ongc VideshOIL AND NATURAL GAS CORPORATION LIMITED₹148,325.73 cr-1%
HMELHPCL-MITTAL ENERGY LIMITED₹99,191.80 cr−₹820.50 cr-0.8%+8%
Oil IndiaOIL INDIA LIMITED₹23,987.07 cr₹6,114.19 cr25.5%-2%
Power Mech ProjectsPOWER MECH PROJECTS LIMITED₹4,501.56 cr₹300.55 cr6.7%+10%
ValvolinecumminsVALVOLINE CUMMINS PRIVATE LIMITED₹2,361.03 cr₹200.78 cr8.5%+4%
COMACOECOASTAL MARINE CONSTRUCTION AND ENGINEERING LIMITED₹633.83 cr+21%
Andhra PetrochemicalsTHE ANDHRA PETROCHEMICALS LIMITED−₹18.13 cr-3.4%-35%
Assam CompanyASSAM COMPANY INDIA LIMITED-11.2%
HOECHINDUSTAN OIL EXPLORATION COMPANY LIMITED₹384.98 cr₹147.47 cr38.3%-26%
AG Ashtavinayaka PetrochemA G ASHTAVINAYAKA PETROCHEM PRIVATE LIMITED₹297.21 cr₹11.40 cr3.8%+2%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full oil & gas upstream landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the oil & gas upstream landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Oil & Gas Upstream funding and M&A across India

7 recorded equity rounds have gone to 98 oil & gas upstream companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months0

US$0k

raised over five yearsUS$1.50m

1 rounds in India

M&A deals, India8

last 24 months

Capital by year

Equity funding into oil & gas upstream in India

amount rounds
$3.9m20181
$1.5m20221

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2018, with US$3.93m across 1 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

SeedUS$1.50m1 rounds · median US$1.50m
Where the money went · five years

Most-funded sub-sectors

Oil & gas upstreamUS$1.50m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

7Acquisition
1Merger

Most active acquirers

  1. Ongc videsh4
  2. VEDANTA GROUP1
  3. Asian Energy Services1
  4. Vedanta1
  5. Telangana Power Generation Corporation Limited1

Most acquired or merged

  1. Vankorneft1
  2. Meenakshi Energy1
  3. Oilmax energy1
  4. Bharat Petroleum1
  5. Power mech projects1

Each deal appears in the events strip at the top of the page.

Oil & Gas Upstream funding in India

4 oil & gas upstream companies in India have recorded equity funding, US$60.10m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind oil & gas upstream companies in India. 29 of 85 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring oil & gas upstream in India and nearby markets.

Coming soon