Fortune India 500 2025 edition
Rank#29- Total income
- ₹1,30,326 Cr
- Profit
- ₹6,080 Cr
Last year #26
Nayara Energy Limited - energy and power in Jamnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1,50,324 Cr
▼ 4% YoY
Net profit · FY 2025
₹6,079.5 Cr
Net margin 4%
EBITDA · FY 2025
₹12,295 Cr
EBITDA margin 8.2%
Authorised capital
₹18,001 Cr
Registered with MCA
Paid-up capital
₹1,488.39 Cr
Issued & subscribed
Open charges
₹27,583 Cr
Satisfied ₹83,217 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
3,296
Provident fund records
About Nayara Energy Limited
Data last updated:
Nayara Energy Limited is a public limited company based in Jamnagar, Gujarat, India. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 12 September 1989 and has been in existence for over 37 years.
Nayara Energy is ranked #29 on the Fortune India 500 (2025) and #4 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U11100GJ1989PLC032116. Its GSTIN is 24AAACE0890P1ZF (Gujarat). The company holds 25 GST registrations, of which 23 are active.
The company has an authorised share capital of ₹18,001 Cr and a paid-up capital of ₹1,488.39 Cr. It was formerly known as Essar Oil Limited. It is led by directors including Prasad Krishna Panicker (Whole-Time Director) and Naina Lal Kidwai.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Khambhalia Post Box No – 24, Jamnagar, Gujarat, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,50,324 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹6,079.5 Cr (net margin 4%) and EBITDA of ₹12,295 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 8% over five years.
The company has about 3,296 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Nayara Energy. As per MCA filings, the company has open charges of ₹27,583 Cr and satisfied charges of ₹83,217 Cr on record. Court records list 560 cases involving the company, including 127 filed by the company and 433 filed against it; 176 cases are pending. The company has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹6,681.25 Cr; the latest was in April 2025. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 611 overdue payments to 251 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nayaraenergy.com.
Company details
CIN U11100GJ1989PLC032116
Registration Number 032116
Incorporation Date 12 September 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
CIN history
Nayara Energy has one previous CIN (Corporate Identification Number): L11100GJ1989PLC032116. The current CIN is U11100GJ1989PLC032116, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U11100GJ1989PLC032116 | Current |
| L11100GJ1989PLC032116 | Previous |
Key People
Prasad Krishna Panicker Whole-Time Director Andrey Bogatenkov Nominee Director Naina Lal Kidwai Director Recognitions & Rankings of Nayara Energy
Fortune MNC 500 India 2026 edition
Rank#4- Total income
- ₹1,30,326 Cr
- Profit
- ₹6,080 Cr
Last year #3
Contact details
Nayara Energy Limited's registered office is in Jamnagar, Gujarat. Its website is nayaraenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKhambhalia Post Box No – 24, Jamnagar, Gujarat, India
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Nayara Energy Limited, buy the company report.
Comprehensive company report
Nayara Energy Limited - one report that includes everything
- 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
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Brands
Nayara Energy operates one associated brand: Nayara Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Oil refining and petroleum product distribution services are provided. | nayaraenergy.com |
Business activity
The main business activity of Nayara Energy is manufacturing. In detail, this covers manufacture of coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 19 | Manufacture of coke and refined petroleum products |
To see the full business activity and turnover split of Nayara Energy Limited, buy the company report.
Financials of Nayara Energy Limited
FY 2025 filings availableNayara Energy Limited reported revenue of ₹1,50,324 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹1,50,324 Cr ▼ 4%
Net profit · FY 2025
₹6,079.5 Cr margin 4%
EBITDA · FY 2025
₹12,295 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 8%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 38%
5 years · compounded
▲ 17%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 38% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,50,324 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12,295 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6,079.5 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 4% | ||||
| 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 Nayara Energy Limited, buy the company report.
Board of directors of Nayara Energy Limited
Nayara Energy has 11 current directors and 73 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Andrey Bogatenkov | Nominee Director | 12 Aug 2022 | 4 Years 3 Months | Current |
| Naina Lal Kidwai | Director | 09 Oct 2017 | 9 Years 1 Months | Current |
| Abhimanyu Bhandari | Nominee Director | 09 Feb 2023 | 3 Years 9 Months | Current |
| Deepak Kapoor | Director | 18 Dec 2017 | 8 Years 10 Months | Current |
| Prasad Krishna Panicker Also directs: Coviva Energy Terminals Limited | Whole-Time Director | 17 Feb 2020 | 6 Years 8 Months | Current |
| Pattamadai Natarajasarma Vijay Also directs: Jindal Drilling and Industries Limited, Pharmaids Pharmaceuticals Limited, Rainbow Digital Services Pvt Ltd and 1 more | Nominee Director | 09 Feb 2023 | 3 Years 9 Months | Current |
Showing 6 of 11 current directors. View all directors
Auditor
Nayara Energy Limited is audited by S. R. Batliboi & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Batliboi & Co. LLP | FY 2025 | 301003E/E300005 |
Shareholding
The shareholding of Nayara Energy Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nayara Energy Limited, buy the company report.
Charges & borrowings
Open charges
₹27,583 Cr
Satisfied charges
₹83,217 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Apr 2025 | 101083512 | Others | ₹544 Cr | Open | |
| 27 Dec 2024 | 101033835 | Others | ₹300 Cr | Open | |
| 26 Mar 2024 | 100899670 | Others | ₹750 Cr | Open | |
| 28 Dec 2023 | 100845651 | Others | ₹750 Cr | Open | |
| 25 Apr 2022 | 100565928 | Yes Bank Limited | ₹300 Cr | Open |
To see the full charge records of Nayara Energy Limited, buy the company report.
Total charge records: 157 View all charges
Deals & funding
Nayara Energy Limited has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹6,681.25 Cr; the latest was in April 2025.
Total deals
9
Funding rounds
6
Secondary share transfers
3
Disclosed funding
₹6,681.25 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Secondary share transfer | Undisclosed | Seller: Others- Nayara Energy Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Kesani Enterprise Company Limited, Rosneft Singapore Pte. Limited Seller: Oil Bidco (Mauritius) Limited, Others- Nayara Energy Limited, Essar Energy Holdings Limited |
| Feb 2017 | Funding round | ₹1,500.53 Cr | Investors: Essar Energy Holdings Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Essar Energy Holdings Limited, Oil Bidco (Mauritius) Limited Seller: Essar Oil & Gas Limited, Others- Nayara Energy Limited |
| Dec 2013 | Funding round | ₹688.75 Cr | Investors: Essar Energy Holdings Limited |
To see the full deal history of Nayara Energy 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
Nayara Energy Limited has 560 court cases on record: 127 filed by Nayara Energy, 433 filed against it. 176 cases are pending and 384 are disposed.
Total cases
560
Filed by the company
127
Filed against the company
433
Pending
176
Disposed
384
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 404 | 305 | 112 |
| District courts | 135 | 111 | 58 |
| Supreme Court | 21 | 17 | 6 |
Cases on record (5 of 560)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed by the company against Commissioner of Central Excise and Service Tax | Pending |
| District court, New Delhi, Delhi | Interim or miscellaneous application | Filed against the company by Gail Gas Limited | Pending |
| High Court of Gujarat | Arbitration matter | Filed against the company by Ffservices Pvt Ltd (Formerly Known As Forbes Facility Services Pvt Ltd) and 1 other | Pending |
| High Court of Delhi | Court case (O.M.P.(EFA)(COMM.)) | Filed against the company by Essar Exploration and Production India Limited | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed by the company against M/S Pakhi Fuels LLP and 1 other | Pending |
To see the full case history of Nayara Energy 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
Nayara Energy Limited was last rated by Care on 17 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Mar 2022 |
To see the full credit ratings and regulatory alerts of Nayara Energy Limited, buy the company report.
MSME payment delays
Nayara Energy Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 611 overdue payments to 251 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 251)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Helpline Impex Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Mascot CNC Tools & Equipments Private Limited |
To see the full MSME payment records of Nayara Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Nayara Energy has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Coviva Energy Terminals Limited | U74140GJ2015PLC082393 |
To see the full group structure of Nayara Energy Limited, buy the company report.
Employees & EPFO
Nayara Energy Limited has a workforce of 3,296 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
3,296
Active EPFO establishments
1
Employee growth
2.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3,296 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Nayara Energy Limited, buy the company report.
GST
Nayara Energy has 25 GST registrations: 23 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
25
Active
23
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE0890P1ZF | Gujarat | Active | 01 Jul 2017 |
| 02AAACE0890P1ZL | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACE0890P1ZJ | Punjab | Active | 01 Jul 2017 |
| 05AAACE0890P1ZF | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nayara Energy Limited, buy the company report.
Recent activity
Nayara Energy Limited has 84 board changes on record since 2007: 20 appointments and 64 cessations. The latest: Sergei Stepanenko was appointed as Additional Director on 13 Nov 2025.
Appointed
Sergei Stepanenko was appointed as Additional Director.
Charges
A charge registered on 02 Jun 2015 via Charge ID 10574162 with Others was fully satisfied on 10 Nov 2025.
AGM
Nayara Energy Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Charges
A charge registered on 20 Mar 2015 via Charge ID 10559579 with Others was fully satisfied on 11 Sep 2025.
Appointed
Alexander Anatolyevich Sokolov was appointed as Additional Director.
Appointed
Alexander Zubchenko was appointed as Additional Director.
Appointed
Yulia Zhdanova was appointed as Additional Director.
Appointed
Timur Dambievich Khaydapov was appointed as Additional Director.
Appointed
Vladislav Bromberg was appointed as Additional Director.
Charges
A charge registered on 14 Jun 2021 via Charge ID 100461233 with Others was fully satisfied on 07 Jul 2025.
Charges
A charge with Others of Rs. 16,000.00 Cr registered on 24 Dec 2018 with Charge ID 100226941 was modified on 25 Jun 2025.
Charges
A charge with Others amounted to Rs. 544.00 Cr with Charge ID 101083512 was registered on 02 Apr 2025.
454 earlier events are in the company report.
News
Frequently asked questions
Nayara Energy is an active public limited company based in Jamnagar, Gujarat, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 12 September 1989 (37+ years old) and is registered under CIN U11100GJ1989PLC032116.
Nayara Energy has 11 current directors:
- Prasad Krishna Panicker - Whole-Time Director
- Andrey Bogatenkov - Nominee Director
- Naina Lal Kidwai - Director
- Abhimanyu Bhandari - Nominee Director
- Deepak Kapoor - Director
- Pattamadai Natarajasarma Vijay - Nominee Director
- Yulia Zhdanova - Additional Director
- Alexander Anatolyevich Sokolov - Additional Director
- Vladislav Bromberg - Additional Director
- Alexander Zubchenko - Additional Director
- Sergei Stepanenko - Additional Director
The latest financial statements of Nayara Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nayara Energy is 24AAACE0890P1ZF, registered in Gujarat. The company has 25 GST registrations in all, of which 23 are active and 2 are cancelled or inactive. Other active GSTINs include 02AAACE0890P1ZL (Himachal Pradesh), 03AAACE0890P1ZJ (Punjab), 05AAACE0890P1ZF (Uttarakhand).
The CIN (Corporate Identification Number) of Nayara Energy is U11100GJ1989PLC032116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nayara Energy has 560 court cases on record: 127 filed by the company and 433 filed against it. 176 are pending. Most are in the high courts.
Nayara Energy was incorporated on 12 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nayara Energy has 9 deals on record (6 funding rounds, 3 secondary share transfers), with disclosed funding of ₹6,681.25 Cr; the latest was in April 2025.
Sergei Stepanenko was appointed as Additional Director on 13 Nov 2025. Alexander Anatolyevich Sokolov was appointed as Additional Director on 26 Aug 2025. Alexander Zubchenko was appointed as Additional Director on 26 Aug 2025. Nayara Energy has 84 board changes on record in total.
Nayara Energy has 13 MSME Form 1 returns on record between 2019 and 2024, listing 611 overdue payments to 251 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Nayara Energy can be reached through the website nayaraenergy.com. Its registered office is in Jamnagar, Gujarat, India.
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