- #1,233 Kapil Garg & family ₹1,900 Cr

About Oilmax Energy Private Limited
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Oilmax Energy Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 02 August 2008 and has been in existence for over 18 years.
Its director Kapil Garg and family are #1,233 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40101MH2008PTC185357. Its GSTIN is 27AABCO0715A2Z4 (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹6.02 Cr and a paid-up capital of ₹5.7 Cr. It is led by directors including Kapil Garg and Anish Garg.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹136.95 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹88.01 Cr (net margin 64.3%) and EBITDA of ₹156.58 Cr (EBITDA margin 114.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
The company has about 95 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Oilmax Energy. As per MCA filings, the company has open charges of ₹411.25 Cr and satisfied charges of ₹99.98 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹214.75 Cr; the latest was in August 2023. Its 5 peer companies in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas) are compared by revenue, 2 larger and 3 smaller; the largest is Sun Petrochemicals Private Limited with revenue of ₹2,008.13 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 10 overdue payments to 2 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 oilmax.in.
Company details
Recognitions & Rankings of Oilmax Energy
Contact details
Oilmax Energy Private Limited's registered office is in Mumbai, Maharashtra. Its website is oilmax.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG – 101 Ground Floor Runwal & Omkar Esquare, Off. Eastern Express Highway Sion Chunnabhatti Signal Sion East, Mumbai, Maharashtra, India – 400022
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Oilmax Energy Private 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
Oilmax Energy operates one associated brand: Oilmax Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Integrated oil and gas company focused on exploration, production, and EPC | oilmax.in |
Business activity
The main business activity of Oilmax Energy is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Oilmax Energy Private Limited, buy the company report.
Financials of Oilmax Energy Private Limited
FY 2025 filings availableOilmax Energy Private Limited reported revenue of ₹136.95 Cr (up 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over three years, including 42% growth in the latest year. EBITDA fell 50% 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 | ₹136.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹156.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹88.01 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 114.3% | ||||
| Net Profit Margin | 64.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Oilmax Energy Private Limited, buy the company report.
Board of directors of Oilmax Energy Private Limited
Oilmax Energy has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Garg | Director | 01 Feb 2009 | 17 Years 9 Months | Current |
| Anish Garg Also directs: Energia Consultancy LLP, Anirit Emaar Hydroponic Technologies LLP, Anirit Agritech Private Limited and 1 more | Director | 29 Mar 2022 | 4 Years 7 Months | Current |
| Parikshit Datta Also directs: Asian Energy Services Limited | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
Peer comparison
Oilmax Energy Private Limited is compared with the 5 companies closest to it by revenue in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sun Petrochemicals Private Limited | ₹2,008.13 Cr (FY 2025) | 51.0% | Mumbai, Maharashtra, India | |||
| Essar Oil and Gas Exploration and Production Limited | ₹866.69 Cr (FY 2024) | -6.0% | Mehsana, Gujarat, India | |||
| Hindustan Oil Exploration Company Limited | ₹496.99 Cr (FY 2025) | -35.0% | Vadodara, Gujarat, India | |||
| Halliburton India Operations Private Limited | ₹490.45 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Aban Offshore Limited | ₹447.74 Cr (FY 2024) | -16.0% | Chennai, Tamil Nadu, India | |||
| Oilmax Energy Private Limitedthis company | ₹136.95 Cr (FY 2025) | ₹88.01 Cr | 64.3% | 42.0% | 95 | Mumbai, Maharashtra, India |
To see the full peer comparison of Oilmax Energy Private Limited, buy the company report.
Auditor
Oilmax Energy Private Limited is audited by S G C O & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G C O & Co. LLP | FY 2024 | 112081W / W100184 |
Shareholding
The shareholding of Oilmax Energy Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Oilmax Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2025 | 101211426 | Others | ₹43.75 Cr | Open | |
| 16 Jul 2025 | 101135368 | Others | ₹70 Cr | Open | |
| 31 May 2025 | 101111729 | Others | ₹30 Cr | Open | |
| 14 Jun 2024 | 100948654 | Others | ₹107.5 Cr | Open | |
| 14 Apr 2023 | 100711176 | Others | ₹90 Cr | Open |
To see the full charge records of Oilmax Energy Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Oilmax Energy Private Limited has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹214.75 Cr; the latest was in August 2023.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: Krishna Madhav Oil and Gas Private Limited Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Sammy's Dreamland Co., Private Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Energia Consultancy LLP |
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Krishna Madhav Oil and Gas Private Limited Seller: Samara Capital |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: Krishna Madhav Oil and Gas Private Limited Seller: Samara Capital |
To see the full deal history of Oilmax Energy Private 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
Oilmax Energy Private Limited has 4 court cases on record: 1 filed by Oilmax Energy, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by 11Sports Private Limited Director 85, 8Th Floor, Maker Chamber-Iii, Jamnalal Bajaj Road, Nariman Point ,Mumbai , Maharashtra | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by 11Sports Private Limited. | Disposed |
| Gauhati High Court | Court case (Crl.Pet.) | Filed by the company against an individual | Pending |
| District court, Jorhat, Assam | Court case (Complaint Case ( C R)) | Filed against the company by an individual | Disposed |
To see the full case history of Oilmax Energy Private 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
Oilmax Energy Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 10 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Jorhat Carrier & Construction |
To see the full MSME payment records of Oilmax Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Oilmax Energy has 4 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Asian Energy Services Limited | L23200MH1992PLC318353 | |
| Cure Multitrade Private Limited | U11100MH2020PTC340370 | |
| Optimum Oil & Gas Private Limited | U11201MH2008PTC185808 | |
| Aosl Energy Services Limited | U74999MH2018PLC315018 |
To see the full group structure of Oilmax Energy Private Limited, buy the company report.
Employees & EPFO
Oilmax Energy Private Limited has a workforce of 95 employees on its EPFO records as of Mar 18, 2025, across 1 active EPFO establishment.
GST
Oilmax Energy has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO0715A2Z4 | Maharashtra | Active | 01 Jul 2017 |
| 18AABCO0715A1Z4 | Assam | Active | 11 Jul 2018 |
| 24AABCO0715A1ZB | Gujarat | Active | 18 Mar 2025 |
To see the full GST registrations and return filing status of Oilmax Energy Private Limited, buy the company report.
Recent activity
Oilmax Energy Private Limited has 11 board changes on record since 2009: 3 appointments and 8 cessations. The latest: Parikshit Datta was appointed as Director on 01 Apr 2025.
21 earlier events are in the company report.
News
Frequently asked questions
Oilmax Energy is an active private 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 02 August 2008 (18+ years old) and is registered under CIN U40101MH2008PTC185357.
Oilmax Energy has 3 current directors:
- Kapil Garg - Director
- Anish Garg - Director
- Parikshit Datta - Director
The latest financial statements of Oilmax Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Oilmax Energy is 27AABCO0715A2Z4, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 18AABCO0715A1Z4 (Assam), 24AABCO0715A1ZB (Gujarat).
The CIN (Corporate Identification Number) of Oilmax Energy is U40101MH2008PTC185357. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oilmax Energy has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Oilmax Energy was incorporated on 02 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Oilmax Energy has 18 deals on record (11 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹214.75 Cr; the latest was in August 2023.
The peers of Oilmax Energy by revenue are Sun Petrochemicals Private Limited, Essar Oil and Gas Exploration and Production Limited, Hindustan Oil Exploration Company Limited, Halliburton India Operations Private Limited, Aban Offshore Limited, all in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas).
Parikshit Datta was appointed as Director on 01 Apr 2025. Abhishek Rajendrakumar Kabra ceased to be Director on 15 Nov 2022. Anish Garg ceased to be Additional Director on 29 Sep 2022. Oilmax Energy has 11 board changes on record in total.
Oilmax Energy has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 10 overdue payments to 2 micro and small suppliers. The latest return was filed on 16 Sep 2023.
Oilmax Energy can be reached through the website oilmax.in. Its registered office is in Mumbai, Maharashtra, India.

