About Ogd Services Limited
Data last updated:
Ogd Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Essar Oilfields Services Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 14 August 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2006PLC163779. Its GSTIN is 27AABCE6378H1ZE (Maharashtra). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹2,075.02 Cr. It was formerly known as Essar Oilfield Services India Limited and Drillingworld Services Limited. It is led by directors including Sunita Anil Kotian and Srinivasan Natesan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 34 Floor 3 731/2 Air Condition Market Building Pandit Madan Mohan Malviya Marg Tardeo, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2022, the company reported a revenue of ₹18.36 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹1.76 Cr (net margin -9.6%) and EBITDA of ₹100.06 Cr. Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 29% over five years.
The company has about 8 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,602 Cr and satisfied charges of ₹880 Cr on record. Court records list 18 cases involving the company, including 3 filed by the company and 15 filed against it. The company has 12 deals on record (5 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹1,236.49 Cr; the latest was in March 2021.
The last known website on record is essar.com.
Company details
Name history
Ogd Services has undergone 4 name changes throughout its history. The current legal name is Ogd Services Limited.
| Company Name | Status |
|---|---|
| Ogd Services Limited | Current |
| Essar Oilfield Services India Limited | Previous |
| Drillingworld Services Limited | Previous |
| Essar Oilfield Services India Private Limited | Previous |
| Globaldrilling Services Limited | Previous |
CIN history
Ogd Services has one previous CIN (Corporate Identification Number): U93090MH2006PTC163779. The current CIN is U93090MH2006PLC163779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090MH2006PLC163779 | Current |
| U93090MH2006PTC163779 | Previous |
Contact details
Ogd Services Limited's registered office is in Mumbai, Maharashtra. Its website is essar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address34 Floor 3 731/2 Air Condition Market Building Pandit Madan Mohan Malviya Marg Tardeo, Mumbai, Maharashtra, India – 400034
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Ogd Services 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
Business activity
The main business activity of Ogd Services is mining and quarrying. In detail, this covers mining support services activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B5 | Mining Support Services activities |
To see the full business activity and turnover split of Ogd Services Limited, buy the company report.
Financials of Ogd Services Limited
FY 2022 filings availableOgd Services Limited reported revenue of ₹18.36 Cr (down 82% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 82% fall in the latest year. EBITDA rose 391% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹18.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹100.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.76 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | -9.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ogd Services Limited, buy the company report.
Board of directors and KMP of Ogd Services Limited
Ogd Services Limited currently reports 4 directors and 2 key managerial personnel. 20 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Anil Kotian | Director | 23 Jun 2020 | 6 Years 4 Months | As last reported |
| Srinivasan Natesan Also directs: Kartiken Logistics Limited | Director | 10 Sep 2013 | 13 Years 1 Months | As last reported |
| Habib Jan Also directs: Seros Drilling Private Limited, Seros Oilfields Services India Limited, Adel Shipping Limited and 1 more | Company Secretary | 01 May 2013 | 13 Years 5 Months | As last reported |
| Bhupindersingh Kumar Also directs: Salaya Bulk Terminals Limited, Essar Ports Limited | Director | 28 Mar 2018 | 8 Years 6 Months | As last reported |
| Radhakrishna Murthy Annadanam | Cfo | 20 Mar 2020 | 6 Years 7 Months | As last reported |
| Manoj Kumar | Additional Director | 24 Dec 2021 | 4 Years 10 Months | As last reported |
Auditor
Ogd Services Limited is audited by C N K & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N K & ASSOCIATES LLP | FY 2022 | 101961W |
Shareholding
The shareholding of Ogd Services Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ogd Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2017 | 100103529 | Others | ₹85.92 Cr | Open | |
| 17 Mar 2015 | 10573795 | Others | ₹76.22 Cr | Open | |
| 29 Mar 2014 | 10508193 | Punjab National Bank | ₹159.86 Cr | Open | |
| 27 Mar 2014 | 10486021 | Others | ₹70 Cr | Open | |
| 31 Dec 2009 | 10195851 | Idbi Trusteeship Services Limited | ₹1,210 Cr | Open |
To see the full charge records of Ogd Services Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Ogd Services Limited has 12 deals on record (5 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹1,236.49 Cr; the latest was in March 2021.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: OGD Services Holdings Limited Seller: Essar Oilfields Services Limited |
| Jul 2017 | Funding round | ₹187.39 Cr | Investors: Imperial Consultants & Securities, Essar Oil and Gas Exploration and Production Limited , Arkay Logistics Limited |
| Sep 2015 | Funding round | ₹745 Cr | Investors: Essar Shipping Limited, Arkay Logistics Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Essar Oilfields Services Limited Seller: Essar Ports Limited |
| Apr 2009 | Secondary share transfer | Undisclosed | Buyer: Essar Ports Limited Seller: Aaradhana Realties Limited |
To see the full deal history of Ogd Services 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
Ogd Services Limited has 18 court cases on record: 3 filed by Ogd Services, 15 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 9 | 0 |
| NCLT | 4 | 3 | 0 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Arihant Cargo Carriers Pvt Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Mercator Petroleum Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by L and T Fincorp Ltd. | Disposed |
| High Court, TELANGANA | Company petition | Filed by the company against Kei-Rsos Petroleum and Energy Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Oil and Natural Gas Corporation Limited and Ors. | Disposed |
To see the full case history of Ogd Services 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 Ogd Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ogd Services has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Starbit Oilfields Services India Limited | U11200MH2016PLC280188 |
To see the full group structure of Ogd Services Limited, buy the company report.
Employees & EPFO
Ogd Services Limited has a workforce of 8 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Ogd Services has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE6378H1ZE | Maharashtra | Active | 01 Jul 2017 |
| 18AABCE6378H1ZD | Assam | Active | 01 Jul 2017 |
| 19AABCE6378H1ZB | West Bengal | Active | 01 Jul 2017 |
| 24AABCE6378H1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ogd Services Limited, buy the company report.
Recent activity
Ogd Services Limited has 26 board changes on record since 2009: 6 appointments and 20 cessations. The latest: Manoj Kumar was appointed as Additional Director on 24 Dec 2021.
36 earlier events are in the company report.
News
Frequently asked questions
Ogd Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ogd Services is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 14 August 2006 and is registered under CIN U93090MH2006PLC163779. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ogd Services has 6 current directors and KMP:
- Sunita Anil Kotian - Director
- Srinivasan Natesan - Director
- Bhupindersingh Kumar - Director
- Manoj Kumar - Additional Director
- Habib Jan - Company Secretary
- Radhakrishna Murthy Annadanam - Cfo
The latest financial statements of Ogd Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ogd Services is U93090MH2006PLC163779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ogd Services has open charges of ₹1,602 Cr and satisfied charges of ₹880 Cr as per latest MCA filings.
Ogd Services has 18 court cases on record: 3 filed by the company and 15 filed against it. Most are in the high courts.
Ogd Services was incorporated on 14 August 2006. It is registered with the Registrar of Companies, Mumbai.
Ogd Services has 12 deals on record (5 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹1,236.49 Cr; the latest was in March 2021.
Manoj Kumar was appointed as Additional Director on 24 Dec 2021. Shaleen Kumar Sharma ceased to be Additional Director on 22 Jun 2021. Prabhat Kumar Srivastava ceased to be Director on 08 Nov 2020. Ogd Services has 26 board changes on record in total.