Confidence Petroleum India Limited - Company Profile

It is a energy and power public limited company based in Mumbai, Maharashtra, India, established in 1994.

1994 Mumbai, Maharashtra, India Active

Last Updated: January 05, 2026

About Confidence Petroleum India Limited

Confidence Petroleum India Limited, a active public limited company, was established on 21 July 1994 in Mumbai, Maharashtra, India. Engaging in oil & gas marketing services within the electricity, gas, steam and air condition supply sector, it holds CIN: L40200MH1994PLC079766. Registered under ROC Roc Mumbai. it is listed on BSE: 526829 and NSE: CONFIPET. It has an authorized capital of ₹35.75 Cr and a paid-up capital of ₹33.22 Cr.

Formerly known as Devarsa Gas-Chem Limited, Devarsa Gas-Chem Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹2,053.83 Cr and a net worth of ₹701.06 Cr. Employing 438 professional, Its leadership includes Nitin Punamchand Khara (Managing Director), Ketki Mahendra Save (Additional Director), Prity Pramod Bhabhra (Company Secretary). Past directors included Nalin Khara Punamchand, Supratim Subimal Basu, Siddharth Surendra Sipani. It holds ₹653.45 Cr open charges and ₹97.14 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 1002 Akruti Erica, F P No 274 B 411 Of Tps-V, Shraddhanand Rd, Vile Parle East, Mumbai, Maharashtra, 400057.

Company Details

CIN/LLPIN
L40200MH1994PLC079766
Registration Number
079766
Incorporation Date
21 July 1994
Authorized Capital
₹35.75 Cr
Paid-Up Capital
₹33.22 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 526829, NSE: CONFIPET)
Company Status
Active

Key Metrics

Authorised Capital ₹ 35.75 Cr as on 05-01-2026
Paid Up Capital ₹ 33.22 Cr as on 05-01-2026
Company Age 31 Year, 7 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 653.45 Cr as on 05-01-2026
Satisfied Charges ₹ 97.14 Cr as on 05-01-2026
Revenue Growth **** 59.86% (FY 2023)
Profit Growth **** 1.25% (FY 2023)
Ebitda **** 13.79% (FY 2023)
Net Worth 18.74% (FY 2023)
Total Assets **** 85.92% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Confidence Petroleum India Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Confidence Petroleum India Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nitin Punamchand Khara	Managing Director	01 Oct 2004	Current
Ketki Mahendra Save	Additional Director	08 Dec 2025	Current
Prity Pramod Bhabhra	Company Secretary	16 Dec 2017	Current
Vaibhav Dedhia Pradeep	Director	14 Feb 2018	Current
Sumit Bansal	Director	08 Sep 2025	Current
Richa Kalra	Director	08 Sep 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	14 Aug 2015	Past
Pramod Abcsdd	Director	13 Sep 2019	Past
Pramod Abcsdd	Secretary	-	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Additional Director	30 Sep 2021	Past

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Financial Performance of Confidence Petroleum India.

Confidence Petroleum India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 59.86% increase. The company also saw a slight improvement in profitability, with a 1.25% increase in profit. The company's net worth Soared by an impressive increase of 18.74%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

59.86%

*******

Revenue from Operations

*******

60.26%

*******

Total Assets

*******

85.92%

*******

Profit or Loss

*******

1.25%

*******

Net Worth

*******

18.74%

*******

EBITDA

*******

13.79%

*******

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What is the Ownership and Shareholding Structure of Confidence Petroleum India?

In 2023, Confidence Petroleum India had a promoter holding of 61.45% and a public holding of 38.55%. The company had 12 Subsidiaries and 4 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹6,534,463,926.00

Satisfied Charges

₹971,443,229.00

Charges Breakdown by Lending Institutions

Axis Bank Limited : 270.50 Cr
Others : 136.60 Cr
State Bank Of India : 115.00 Cr
Icici Bank Limited : 53.60 Cr
Hdfc Bank Limited : 27.11 Cr
Others : 50.63 Cr

Latest Charge Details

Date	Lender	Amount	Status
19 May 2025	Axis Bank Limited	₹40.00 Cr	Open
17 Mar 2025	Others	₹20.00 Cr	Open
31 Dec 2024	Hdfc Bank Limited	₹2.65 Cr	Open
31 Dec 2024	Hdfc Bank Limited	₹2.65 Cr	Open
22 Nov 2024	Sidbi	₹2.48 Cr	Open

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How Many Employees Work at Confidence Petroleum India?

Confidence Petroleum India has a workforce of 438 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Confidence Petroleum India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Confidence Petroleum India's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Confidence Petroleum India

Recent Activity within the Organization

Director Appointment

Progress on Ketki Mahendra Save was appointed as a Additional Director was appointed as a Additional Director on 08 Dec 2025 & has been associated with this company since 2 months 26 days . was documented.
08 Dec 2025
Charges

The activity A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 19 May 2025 with Charge ID 101107231 was modified on 04 Nov 2025. was completed.
04 Nov 2025
Charges

A charge with Axis Bank Limited of Rs. 50.00 Cr registered on 13 Sep 2022 with Charge ID 100613644 was modified on 04 Nov 2025. was recorded as a recent event.
04 Nov 2025
Charges

The activity A charge with Axis Bank Limited of Rs. 94.00 Cr registered on 28 Jun 2021 with Charge ID 100460154 was modified on 04 Nov 2025. was completed.
04 Nov 2025
Director Appointment

Progress on Sumit Bansal was appointed as a Director was appointed as a Director on 08 Sep 2025 & has been associated with this company since 5 months 25 days . was documented.
08 Sep 2025
Director Appointment

Progress on Richa Kalra was appointed as a Director was appointed as a Director on 08 Sep 2025 & has been associated with this company since 5 months 25 days . was documented.
08 Sep 2025

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