MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0050637
Petropath Fluids (India) Limited - oil & gas in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹40.79 Cr
▲ 19% YoY
Net profit · FY 2024
₹8.98 Cr
Net margin 22%
EBITDA · FY 2024
₹23.22 Cr
EBITDA margin 56.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.04 Cr
Issued & subscribed
Open charges
₹12.22 Cr
Satisfied ₹23.85 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
8
Provident fund records
About Petropath Fluids (India) Limited
Data last updated:
Petropath Fluids (India) Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the extraction of crude petroleum and natural gas segment of the oil and gas sector. It was incorporated on 20 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U11100KA2010PLC056272. Its GSTIN is 29AAFCP7728N2ZL (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.04 Cr. It is led by directors including Naik Krishna Bhaskar and Rekhabhaskar Sunethra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.09 1st Main Road 2nd Stage Arekere Mico Layout Bannerghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.79 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹8.98 Cr (net margin 22%) and EBITDA of ₹23.22 Cr (EBITDA margin 56.9%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 32% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.22 Cr and satisfied charges of ₹23.85 Cr on record. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 4 cases are pending.
Petropath Fluids (India) Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0050637). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ppdrillingfluids.in.
Company details
CIN U11100KA2010PLC056272
Registration Number 056272
Incorporation Date 20 December 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0050637
CIN history
Petropath Fluids (India) has one previous CIN (Corporate Identification Number): U11100KA2010PTC056272. The current CIN is U11100KA2010PLC056272, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U11100KA2010PLC056272 | Current |
| U11100KA2010PTC056272 | Previous |
Recognitions & Rankings of Petropath Fluids (India)
Contact details
Petropath Fluids (India) Limited's registered office is in Bangalore, Karnataka. Its website is ppdrillingfluids.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.09 1st Main Road 2nd Stage Arekere Mico Layout Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryOil & Gas, Extraction Of Crude Petroleum & Natural Gas
To see the full contact details of Petropath Fluids (India) Limited, buy the company report.
Comprehensive company report
Petropath Fluids (India) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Petropath Fluids (India) is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas and mining support services activities. 2 activity segments are registered with the MCA.
| 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 | |
| B | Mining and quarrying | B5 | Mining Support Services activities |
To see the full business activity and turnover split of Petropath Fluids (India) Limited, buy the company report.
Financials of Petropath Fluids (India) Limited
FY 2024 filings availablePetropath Fluids (India) Limited reported revenue of ₹40.79 Cr (up 19% YoY) for FY 2024.
Revenue · FY 2024
₹40.79 Cr ▲ 19%
Net profit · FY 2024
₹8.98 Cr margin 22%
EBITDA · FY 2024
₹23.22 Cr margin 56.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 59%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 111%
3 years · compounded
▲ 119%
5 years · compounded
▲ 62%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 19% growth in the latest year. EBITDA rose 111% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹40.79 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.98 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.9% | ||||
| Net Profit Margin | 22% | ||||
| 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 Petropath Fluids (India) Limited, buy the company report.
Board of directors of Petropath Fluids (India) Limited
Petropath Fluids (India) has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naik Krishna Bhaskar Also directs: Kolar Shaft Sinkers LLP, South Petro Oil and Gas Services LLP, Brightway Solids Control India Private Limited and 4 more | Director | 20 Dec 2010 | 15 Years 10 Months | Current |
| Rekhabhaskar Sunethra Also directs: Brightway Solids Control India Private Limited | Director | 20 Dec 2010 | 15 Years 10 Months | Current |
| Bhaskar Naik | Director | 27 May 2025 | 1 Years 5 Months | Current |
| Reniguntla Badarinath Nikhil | Director | 23 May 2024 | 2 Years 5 Months | Current |
| Nagarajappa Gopasandra Rajini | Director | 23 May 2024 | 2 Years 5 Months | Current |
Auditor
Petropath Fluids (India) Limited is audited by K KALYANARAMAN & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K KALYANARAMAN & CO | FY 2024 | K GOPINATH & CO. |
Shareholding
The shareholding of Petropath Fluids (India) 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 Petropath Fluids (India) Limited, buy the company report.
Charges & borrowings
Open charges
₹12.22 Cr
Satisfied charges
₹23.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jan 2026 | 101224891 | Hdfc Bank Limited | ₹12 Cr | Open | |
| 21 Jun 2022 | 100590884 | Axis Bank Limited | ₹22 Lakh | Open | |
| 30 Jun 2023 | 100744192 | Others | ₹8.93 Cr | Satisfied | |
| 28 Feb 2019 | 100268252 | Others | ₹4.1 Cr | Satisfied | |
| 29 Nov 2017 | 100163851 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Petropath Fluids (India) Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Petropath Fluids (India) Limited has 12 court cases on record: 6 filed by Petropath Fluids (India), 6 filed against it. 4 cases are pending and 8 are disposed.
Total cases
12
Filed by the company
6
Filed against the company
6
Pending
4
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 2 |
| High courts | 5 | 2 | 2 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Assam | Writ petition | Filed by the company against Oil India Ltd. and 6 Ors. (B) and 6 others | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| District court, Paschim Bardhaman, West Bengal | Court case (Mjc) | Filed against the company by Greka(Zhengzhou) Technical Services Company Limited | Pending |
| District court, Paschim Bardhaman, West Bengal | Execution petition | Filed by the company against Greka Drilling India Ltd | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Disposed |
To see the full case history of Petropath Fluids (India) 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 Petropath Fluids (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Petropath Fluids (India) Limited has a workforce of 8 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
-77.78%
GST
Petropath Fluids (India) has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
6
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCP7728N2ZL | Karnataka | Active | 01 Jul 2017 |
| 19AAFCP7728N1ZN | West Bengal | Active | 01 Jul 2017 |
| 37AAFCP7728N1ZP | Andhra Pradesh | Active | 01 Jul 2017 |
| 24AAFCP7728N2ZV | Gujarat | Active | 27 Sep 2017 |
To see the full GST registrations and return filing status of Petropath Fluids (India) Limited, buy the company report.
Recent activity
Petropath Fluids (India) Limited has 9 board changes on record since 2010: 6 appointments and 3 cessations. The latest: Bhaskar Naik was appointed as Director on 27 May 2025.
Charges
A charge registered on 30 Jun 2023 via Charge ID 100744192 with Others was fully satisfied on 13 Apr 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 101224891 was registered on 23 Jan 2026.
Appointed
Bhaskar Naik was appointed as Director.
Charges
A charge with Others of Rs. 8.93 Cr registered on 30 Jun 2023 with Charge ID 100744192 was modified on 29 Oct 2024.
AGM
Petropath Fluids (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Nagarajappa Gopasandra Rajini was appointed as Director.
Appointed
Reniguntla Badarinath Nikhil was appointed as Director.
Charges
A charge registered on 28 Feb 2019 via Charge ID 100268252 with Others was fully satisfied on 15 May 2024.
Charges
A charge registered on 29 Nov 2017 via Charge ID 100163851 with Others was fully satisfied on 15 May 2024.
Filing
Petropath Fluids (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Gagan Bhaskar Naik ceased to be Additional Director.
Ceased
Moksha Bhaskar Naik ceased to be Additional Director.
14 earlier events are in the company report.
Frequently asked questions
Petropath Fluids (India) is an active public limited company based in Bangalore, Karnataka, India. The company works in extraction of crude petroleum and natural gas, within the oil and gas industry. It was incorporated on 20 December 2010 (16+ years old) and is registered under CIN U11100KA2010PLC056272.
Petropath Fluids (India) has 5 current directors:
- Naik Krishna Bhaskar - Director
- Rekhabhaskar Sunethra - Director
- Bhaskar Naik - Director
- Reniguntla Badarinath Nikhil - Director
- Nagarajappa Gopasandra Rajini - Director
The latest financial statements of Petropath Fluids (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Petropath Fluids (India) is 29AAFCP7728N2ZL, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 19AAFCP7728N1ZN (West Bengal), 37AAFCP7728N1ZP (Andhra Pradesh), 24AAFCP7728N2ZV (Gujarat).
The CIN (Corporate Identification Number) of Petropath Fluids (India) is U11100KA2010PLC056272. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Petropath Fluids (India) has 12 court cases on record: 6 filed by the company and 6 filed against it. 4 are pending. Most are in the district courts.
Petropath Fluids (India) was incorporated on 20 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Bhaskar Naik was appointed as Director on 27 May 2025. Nagarajappa Gopasandra Rajini was appointed as Director on 23 May 2024. Reniguntla Badarinath Nikhil was appointed as Director on 23 May 2024. Petropath Fluids (India) has 9 board changes on record in total.
Yes, Petropath Fluids (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0050637).
Petropath Fluids (India) can be reached through the website ppdrillingfluids.in. Its registered office is in Bangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages