About Cairn India Limited
Data last updated:
Cairn India Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Vedanta Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 21 August 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L11101MH2006PLC163934. The company has 7 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 08 Jan 2018 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹2,250 Cr and a paid-up capital of ₹1,875.89 Cr. It was led by directors including Edward T Story Jr and Priya Agarwal.
Its last annual general meeting (AGM) was held on 21 July 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹5,652.87 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹9,431.88 Cr (net margin -166.9%) and EBITDA of -₹6,300.52 Cr (EBITDA margin -111.5%).
The company was associated with 1 brand: Cairn India. As per MCA filings, the company had satisfied charges of ₹4,153 Cr on record. Court records list 115 cases involving the company, including 78 filed by the company and 37 filed against it; 15 cases are pending. The company has 14 deals on record (6 market trades, 5 acquisitions, 2 funding rounds), with disclosed funding of ₹2,748.05 Cr; the latest was in October 2016. Its 4 peer companies in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas) are compared by revenue, 2 larger and 2 smaller; the largest is Oil India Limited with revenue of ₹37,830 Cr.
The last known website on record is cairnindia.com.
Company details
CIN history
Cairn India has one previous CIN (Corporate Identification Number): U11101MH2006PLC163934. The current CIN is L11101MH2006PLC163934, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L11101MH2006PLC163934 | Current |
| U11101MH2006PLC163934 | Previous |
Contact details
Cairn India Limited's registered office is in Mumbai, Maharashtra. Its website is cairnindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Wing C Unit No. 103 Wing – 2 Corporate Avenue Chakala Andheri (East, ), Mumbai, Maharashtra, India – 400093
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Cairn India Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Cairn India operates one associated brand: Cairn India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| India's largest private oil and gas exploration and production company | cairnindia.com |
Business activity
The main business activity of Cairn India is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Cairn India Limited, buy the company report.
Financials of Cairn India Limited
FY 2016 filings availableCairn India Limited reported revenue of ₹5,652.87 Cr (down 35% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 35% in the latest year. EBITDA fell 182% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹5,652.87 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹6,300.52 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹9,431.88 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -111.5% | |
| Net Profit Margin | -166.9% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Cairn India Limited, buy the company report.
Board of directors and KMP of Cairn India Limited
Cairn India Limited currently reports 7 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Edward T Story Jr | Director | 18 Mar 2009 | 17 Years 7 Months | As last reported |
| Priya Agarwal | Director | 02 Jan 2012 | 14 Years 9 Months | As last reported |
| Sudhir Mathur Also directs: Meradoc Healthtech Private Limited | Ceo | 05 Jun 2016 | 10 Years 4 Months | As last reported |
| Naresh Chandra | Director | 21 Sep 2006 | 20 Years 1 Months | As last reported |
| Aman Mehta | Director | 21 Sep 2006 | 20 Years 1 Months | As last reported |
| Omkar Goswami | Director | 21 Sep 2006 | 20 Years 1 Months | As last reported |
Peer comparison
Cairn India Limited is compared with the 4 companies closest to it by revenue in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oil India Limited | ₹37,830 Cr (FY 2025) | 0.0% | Duliajan, Assam, India | |||
| Ongc Videsh Limited | ₹14,418 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Cairn India Limitedthis company | ₹5,652.87 Cr (FY 2016) | -₹9,431.88 Cr | -166.9% | -35.0% | Mumbai, Maharashtra, India | |
| Sun Petrochemicals Private Limited | ₹2,008.13 Cr (FY 2025) | 51.0% | Mumbai, Maharashtra, India | |||
| Essar Oil and Gas Exploration and Production Limited | ₹866.69 Cr (FY 2024) | -6.0% | Mehsana, Gujarat, India |
To see the full peer comparison of Cairn India Limited, buy the company report.
Auditor
Cairn India Limited is audited by For S.R. Batliboi & Co. LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For S.R. Batliboi & Co. LLP | FY 2016 | 301003E |
Shareholding
The shareholding of Cairn India Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Cairn India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2009 | 10183015 | Sbicap Trustee Company Limited | ₹4,000 Cr | Satisfied | |
| 09 Mar 2009 | 10150626 | Standard Chartered Bank | ₹153 Cr | Satisfied |
To see the full charge records of Cairn India Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Cairn India Limited has 14 deals on record (6 market trades, 5 acquisitions, 2 funding rounds), with disclosed funding of ₹2,748.05 Cr; the latest was in October 2016.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2011 | Acquisition | ₹243.36 Cr | Buyer: Oil and Natural Gas Corporation Limited Seller: Cairn India Limited |
| Dec 2011 | Market trade | ₹936.24 Cr | Buyer: Vedanta Limited Seller: Cairn Uk Holdings Limited |
| Dec 2011 | Market trade | ₹936.24 Cr | Buyer: Vedanta Limited , an individual Seller: Cairn Uk Holdings Limited |
| Apr 2011 | Market trade | ₹9,383.85 Cr | Buyer: Vedanta Limited , Merrill Lynch Capital Markets Espana Sa Sv, Broad Peak Mauritius Private Limited Seller: Petronas International Corporation Limited |
| Nov 2006 | Acquisition | ₹3,688.31 Cr | Buyer: Videocon Industries Limited , an individual |
To see the full deal history of Cairn India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cairn India Limited has 115 court cases on record: 78 filed by Cairn India, 37 filed against it. 15 cases are pending and 100 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 86 | 19 | 6 |
| Supreme Court | 20 | 9 | 7 |
| District courts | 9 | 9 | 2 |
Cases on record (5 of 115)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Jaihind Projects Ltd | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Jaihind Projects Limited | Pending |
| Supreme Court | Court case (4601-Tenders/licenses/leases : Tenders/licenses/leases invited by Union/ UT’s/ Central public sector undertakings, including cancellation/award of tenders.) | Filed by the company against Oil and Natural Gas Corporation Ltd. Through Its Chairman 6Th Floor, Jeevan Bharati Tower II, 124, Indira Chowk, New Delhi ,New Delhi , Delhi and 3 others | Pending |
| District court, New Delhi, Delhi | Court case (OMP (MISC.) (COMM.)) | Filed against the company by Kanade Anand Udyog Pvt Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Leighton India Contractors Private Limited | Disposed |
To see the full case history of Cairn India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cairn India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cairn India has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cairn India Limited, buy the company report.
Recent activity
Cairn India Limited has 38 board changes on record since 2006: 23 appointments and 15 cessations. The latest: Neerja Sharma ceased to be Company Secretary on 29 Jul 2016.
34 earlier events are in the company report.
News
Frequently asked questions
Cairn India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Cairn India was a public limited company based in Mumbai, Maharashtra, India. The company worked in oil and gas exploration and production, within the energy and power industry. It was incorporated on 21 August 2006 and is registered under CIN L11101MH2006PLC163934. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Cairn India was incorporated on 21 August 2006. It is registered with the Registrar of Companies, Mumbai.
Cairn India had 8 directors and KMP:
- Edward T Story Jr - Director
- Priya Agarwal - Director
- Naresh Chandra - Director
- Aman Mehta - Director
- Omkar Goswami - Director
- Navin Agarwal - Director
- Tarun Jain - Director
- Sudhir Mathur - Ceo
The CIN (Corporate Identification Number) of Cairn India is L11101MH2006PLC163934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cairn India is recorded as a listed company by MCA, but its shares were delisted from BSE on 08 Jan 2018 · merger, and no longer trade on a stock exchange.
The registered office of Cairn India is at 1st Floor Wing C Unit No. 103 Wing – 2 Corporate Avenue Chakala Andheri East, , Mumbai, Maharashtra, India – 400093.
Cairn India can be reached through the website cairnindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Cairn India on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 21 July 2016. Year-wise statements from 2015 are in the company report.
No. Cairn India has 7 GST registrations on record and all of them are cancelled or inactive.
Cairn India operated in the energy and power industry, in the oil and gas exploration and production segment.