Indianoil Upstream Ventures Limited - Company Profile

It is a energy and power public limited union government company based in Mumbai, Maharashtra, India, established in 2007.

2007 Mumbai, Maharashtra, India Active

Last Updated: February 27, 2026

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About Indianoil Upstream Ventures Limited

Indianoil Upstream Ventures Limited, a active public limited union government company, was established on 04 May 2007 in Mumbai, Maharashtra, India. Engaging in oil & gas exploration & production within the mining and quarrying sector, it holds CIN: U11102MH2007GOI170562. Registered under ROC Roc Mumbai I. it is unlisted. It has an authorized capital of ₹68.25 Cr and a paid-up capital of ₹1.00 M.

Formerly known as Mercator Petroleum Private Limited, Indianoil Upstream Ventures Limited. It upholds a compliant status. Employing 8 professional, Its leadership includes Ajay Kumar Tiwari (Nominee Director), Puneet Jindal (Nominee Director), Manisha Gangwar (Nominee Director). Past directors included Kapil Garg, Anil Khanna, Krishna Chamadia. It holds ₹130.00 Cr open charges and ₹225.00 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Room No. 718A, Marketing Division Head Office,, Indian Oil Bhavan, G-9, Ali Yavar Jung Marg,, Mumbai, Maharashtra, 400051.

Company Details

CIN/LLPIN
U11102MH2007GOI170562
Registration Number
170562
Incorporation Date
04 May 2007
Authorized Capital
₹68.25 Cr
Paid-Up Capital
₹1.00 M
ROC Code
Roc Mumbai I
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 68.25 Cr as on 27-02-2026
Paid Up Capital ₹ 1.00 M as on 27-02-2026
Company Age 18 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 130.00 Cr as on 27-02-2026
Satisfied Charges ₹ 225.00 Cr as on 27-02-2026

Comprehensive Company Insights

Explore comprehensive insights into Indianoil Upstream Ventures 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 Indianoil Upstream Ventures Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ajay Kumar Tiwari	Nominee Director	04 Apr 2025	Current
Puneet Jindal	Nominee Director	02 Sep 2025	Current
Manisha Gangwar	Nominee Director	02 Sep 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	01 Oct 2016	Past
Pramod Abcsdd	Additional Director	15 Sep 2017	Past
Pramod Abcsdd	Manager	05 Oct 2024	Past
Pramod Abcsdd	Director	18 May 2016	Past
Pramod Abcsdd	Additional Director	31 Aug 2009	Past
Pramod Abcsdd	Director	19 Mar 2018	Past

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Financial Performance of Indianoil Upstream Ventures.

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

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What is the Ownership and Shareholding Structure of Indianoil Upstream Ventures?

Unlock access to Indianoil Upstream Ventures's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

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

₹1,300,000,000.00

Satisfied Charges

₹2,250,000,000.00

Charges Breakdown by Lending Institutions

Others : 225.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
15 May 2018	Others	₹130.00 Cr	Satisfied
29 Aug 2016	Others	₹95.00 Cr	Satisfied

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How Many Employees Work at Indianoil Upstream Ventures?

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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

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Rating

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Alerts

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Latest Updates, News, and FAQs on Indianoil Upstream Ventures

Recent Activity within the Organization

Annual General Meeting

The activity Indianoil Upstream Ventures Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was completed.
26 Sep 2025
Director Appointment

Puneet Jindal was appointed as a Nominee Director was appointed as a Nominee Director on 02 Sep 2025 & has been associated with this company since 6 months 3 days . was recorded as a recent event.
02 Sep 2025
Director Appointment

The activity Manisha Gangwar was appointed as a Nominee Director was appointed as a Nominee Director on 02 Sep 2025 & has been associated with this company since 6 months 3 days . was completed.
02 Sep 2025
Director Appointment

Progress on Gurram Vishwanath Reddy was appointed as a Ceo was appointed as a Ceo on 26 Apr 2025 & has been associated with this company since 10 months 9 days . was documented.
26 Apr 2025
Director Appointment

The activity Ajay Kumar Tiwari was appointed as a Nominee Director was appointed as a Nominee Director on 04 Apr 2025 & has been associated with this company since 11 months 1 day . was completed.
04 Apr 2025
Balance Sheet

Indianoil Upstream Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I. was recorded as a recent event.
31 Mar 2025

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