About Deep Energy Resources Limited
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Deep Energy Resources Limited was a public limited company based in Ahmedabad, Gujarat, India. 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 01 January 1991.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L63090GJ1991PLC014833. Its GSTIN is 24AAACD6915E1Z1 (Gujarat). The company held 5 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: DEEPINDS. Its shares were delisted from BSE on 28 Jan 2025 · merger.
The company had an authorised share capital of ₹32 Cr and a paid-up capital of ₹32 Cr. It was formerly known as Deep Energy Limited and Deep Industries Limited. It was led by directors including Shail Manoj Savla (Managing Director) and Navin Chandra Pandey.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 12A 14 Abhishree Corporate Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.66 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.16 Cr (net margin 13%) and EBITDA of ₹3.71 Cr (EBITDA margin 22.3%). Revenue has declined at a compounded annual rate (CAGR) of 258% over three years and 36% over five years.
The company had about 214 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 2 brands: Deep Energy Resources Limited and Deep Industries. As per MCA filings, the company had satisfied charges of ₹626.85 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it. The company has 118 deals on record (116 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹63.75 Cr; the latest was in September 2024. The company has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 47 overdue payments to 31 micro and small suppliers.
The last known website on record is deepindustries.com.
Company details
Name history
Deep Energy Resources has undergone 4 name changes throughout its history. The current legal name is Deep Energy Resources Limited.
| Company Name | Status |
|---|---|
| Deep Energy Resources Limited | Current |
| Deep Energy Limited | Previous |
| Deep Industries Limited | Previous |
| Deep Roadlines Private Limited | Previous |
| Deep Roadways Private Limited | Previous |
CIN history
Deep Energy Resources has one previous CIN (Corporate Identification Number): U63090GJ1991PLC014833. The current CIN is L63090GJ1991PLC014833, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63090GJ1991PLC014833 | Current |
| U63090GJ1991PLC014833 | Previous |
Contact details
Deep Energy Resources Limited's registered office is in Ahmedabad, Gujarat. Its website is deepindustries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12A 14 Abhishree Corporate Park Ambli Bopal Road Ambli, India, Ahmedabad, Gujarat, India – 380058
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Deep Energy Resources 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
Deep Energy Resources operates two associated brands: Deep Energy Resources Limited and Deep Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Natural gas compression, production, and related services are provided. | deepindustries.com | |
| MRO services for oil and gas equipment are provided by Deep Energy Resources Limited. | deepenergy.ooo |
Business activity
The main business activity of Deep Energy Resources is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Deep Energy Resources Limited, buy the company report.
Financials of Deep Energy Resources Limited
FY 2023 filings availableDeep Energy Resources Limited reported revenue of ₹16.66 Cr (up 1075% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years. EBITDA rose 257% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.16 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.3% | ||||
| Net Profit Margin | 13% | ||||
| 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 Deep Energy Resources Limited, buy the company report.
Board of directors of Deep Energy Resources Limited
Deep Energy Resources has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shail Manoj Savla | Managing Director | 14 Sep 2020 | 6 Years 1 Months | As last reported |
| Navin Chandra Pandey | Director | 14 Aug 2021 | 5 Years 2 Months | As last reported |
| Prem Singh Sawhney Also directs: Signature Oil Field Solutions LLP, Signature E-Fuels LLP, Kartik Mines and Minerals LLP and 1 more | Director | 10 Jun 2021 | 5 Years 4 Months | As last reported |
| Shaily Jatin Dedhia Also directs: Prabha Energy Limited, Trustedge Capital Limited, Dolphin Offshore Enterprises (India) Limited and 3 more | Director | 14 Sep 2020 | 6 Years 1 Months | As last reported |
| Vishal G Palkhiwala Also directs: Prabha Energy Limited | Director | 13 Aug 2022 | 4 Years 2 Months | As last reported |
| Priyanka K Gola Also directs: Jyoti Resins and Adhesives Ltd, Ishaan Infrastructures and Shelters Limited, Chartered Logistics Limited and 1 more | Director | 06 Nov 2023 | 2 Years 11 Months | As last reported |
Auditor
Deep Energy Resources Limited is audited by Mahendra N. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mahendra N. Shah & Co. | FY 2023 | 105775W |
Shareholding
The shareholding of Deep Energy Resources Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Deep Energy Resources Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2020 | 100347752 | Others | ₹18.79 Lakh | Satisfied | |
| 08 Jun 2020 | 100346716 | Others | ₹8.25 Cr | Satisfied | |
| 16 Mar 2020 | 100344654 | Others | ₹20.39 Lakh | Satisfied | |
| 15 Oct 2019 | 100299075 | Tata Capital Financial Services Limited | ₹10 Cr | Satisfied | |
| 16 May 2019 | 100266393 | Others | ₹27 Cr | Satisfied |
To see the full charge records of Deep Energy Resources Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Deep Energy Resources Limited has 118 deals on record (116 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹63.75 Cr; the latest was in September 2024.
Deals on record (5 of 118)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Market trade | ₹4.68 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2024 | Market trade | ₹4.92 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Mar 2022 | Market trade | ₹5.13 Cr | Buyer: Horn Ok Please Transport Private Limited, 3 individuals Seller: Monit Exim LLP |
| Mar 2022 | Market trade | ₹2.88 Cr | Buyer: Horn Ok Please Transport Private Limited Seller: Monit Exim LLP |
| Aug 2016 | Market trade | ₹3.06 Cr | Buyer: Sonata Securities Private Limited |
To see the full deal history of Deep Energy Resources 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
Deep Energy Resources Limited has 8 court cases on record: 6 filed by Deep Energy Resources, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| NCLT | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company against an individual | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Ahmedabad | Court case (COMP.APPL) | Filed by the company | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India, Ministry of Petroleum and Natural Gas and 2 others | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Union of India & Ors. | Disposed |
To see the full case history of Deep Energy Resources 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.
Credit ratings & regulatory alerts
Deep Energy Resources Limited was last rated by Care on 27 Jan 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Jan 2023 |
To see the full credit ratings and regulatory alerts of Deep Energy Resources Limited, buy the company report.
MSME payment delays
Deep Energy Resources Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 47 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Micky Rubber Technologies | |||
| M.P.Tools | |||
| an individual supplier | |||
| Macgray Solutions Private Limited | |||
| K.S. Technosoft Private Limited |
To see the full MSME payment records of Deep Energy Resources Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Deep Energy Resources has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Deep Natural Resources Limited | U11200GJ2009PLC057871 | |
| Prabha Energy Private Limited | U40102GJ2009PTC057716 |
To see the full group structure of Deep Energy Resources Limited, buy the company report.
Employees & EPFO
Deep Energy Resources Limited has a workforce of 214 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Deep Energy Resources has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD6915E1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Deep Energy Resources Limited, buy the company report.
Recent activity
Deep Energy Resources Limited has 36 board changes on record since 2004: 21 appointments and 15 cessations. The latest: Priyanka K Gola was appointed as Director on 06 Nov 2023.
109 earlier events are in the company report.
News
Frequently asked questions
Deep Energy Resources 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.
Deep Energy Resources was a public limited company based in Ahmedabad, Gujarat, India. The company worked in oil and gas exploration and production, within the energy and power industry. It was incorporated on 01 January 1991 and is registered under CIN L63090GJ1991PLC014833. Listed on NSE: DEEPINDS. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Deep Energy Resources was incorporated on 01 January 1991. It is registered with the Registrar of Companies, Ahmedabad.
Deep Energy Resources had 6 directors:
- Shail Manoj Savla - Managing Director
- Navin Chandra Pandey - Director
- Prem Singh Sawhney - Director
- Shaily Jatin Dedhia - Director
- Vishal G Palkhiwala - Director
- Priyanka K Gola - Director
The CIN (Corporate Identification Number) of Deep Energy Resources is L63090GJ1991PLC014833. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Deep Energy Resources is a listed company as per MCA records. Its shares are listed on NSE (symbol: DEEPINDS). Its shares were delisted from BSE on 28 Jan 2025 · merger.
The registered office of Deep Energy Resources is at 12A 14 Abhishree Corporate Park Ambli Bopal Road Ambli, India, Ahmedabad, Gujarat, India – 380058.
Deep Energy Resources can be reached through the website deepindustries.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Deep Energy Resources on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Deep Energy Resources is 24AAACD6915E1Z1, registered in Gujarat. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
Deep Energy Resources operated in the energy and power industry, in the oil and gas exploration and production segment.