Shell India Markets Private Limited

Shell India Markets Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U23201TN2004PTC053147 Incorporated 06 May 2004 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company information technology
Data last updated
Revenue · FY 2025
₹19,496 Cr
▲ 20.97% YoY
Net profit · FY 2025
₹1,304.75 Cr
Net margin 6.7%
EBITDA · FY 2025
₹2,474.86 Cr
EBITDA margin 12.7%
Authorised capital
₹10,000 Cr
Registered with MCA
Paid-up capital
₹8,852.99 Cr
Issued & subscribed
Satisfied charges
₹16.5 Cr
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
13,000
Provident fund records

About Shell India Markets Private Limited

Data last updated:

Shell India Markets Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Shell Gas B.V.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 May 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U23201TN2004PTC053147. Its GSTIN is 33AAICS1404P1ZA (Tamil Nadu). The company holds 34 GST registrations, of which 20 are active.

The company has an authorised share capital of ₹10,000 Cr and a paid-up capital of ₹8,852.99 Cr. It was formerly known as Shell India Marketing Private Limited. It is led by directors including Mansi Madan Tripathy (Whole-Time Director) and Sanjay Samuel Varkey (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Commerzone Block – 2, No.2 200 Feet Radial Road Chennai, Tamil Nadu, India – 600100.

As per the financials filed for FY 2025, the company reported a revenue of ₹19,496 Cr. For the same year it recorded a net profit of ₹1,304.75 Cr (net margin 6.7%) and EBITDA of ₹2,474.86 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 10% over five years.

The company has about 13,000 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has satisfied charges of ₹16.5 Cr on record. Court records list 329 cases involving the company, including 206 filed by the company and 68 filed against it; 84 cases are pending. The company has 10 deals on record (6 funding rounds, 4 rights issues), with disclosed funding of ₹2,481.38 Cr; the latest was in January 2020. Its 10 peer companies in the Chemicals industry (IT Consulting and Services, Petrochemicals) are compared by revenue, 5 larger and 5 smaller; the largest is Numaligarh Refinery Ltd with revenue of ₹25,405 Cr. The company has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 63 overdue payments to 26 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 shell.in.

Company Details of Shell India Markets Private Limited
CIN U23201TN2004PTC053147
Registration Number 053147
Incorporation Date 06 May 2004
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Shell Gas B.V.
Compliance Status Active Compliant
Key People
Mansi Madan Tripathy Whole-Time Director Sanjay Samuel Varkey Whole-Time Director Pratibha Priyadarshini Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    shell.in
  • Social Media
  • Registered Address
    Commerzone Block – 2, No.2 200 Feet Radial Road Chennai, Tamil Nadu, India – 600100
  • Industry
    Information Technology, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Shell India Markets Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Shell India Markets Private Limited

The main business activities of Shell India Markets are trade, manufacturing and information and communication. In detail, this covers retail trading, coke and refined petroleum products and data processing, hosting and related activities; web portal. 3 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG2Retail TradingLocked
CManufacturingC5Coke and refined petroleum productsLocked
JInformation and communicationJ7Data processing, hosting and related activities; web portalLocked
MProfessional, Scientific and TechnicalM5Scientific research and developmentLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Shell India Markets Private Limited FY 2024 filings available

Shell India Markets Private Limited reported revenue of ₹19,496 Cr for FY 2025.

Revenue · FY 2025
₹19,496 Cr
Net profit · FY 2025
₹1,304.75 Cr margin 6.7%
EBITDA · FY 2025
₹2,474.86 Cr margin 12.7%

Compounded Annual Growth Rate (CAGR) of Shell India Markets Private Limited

Revenue CAGR growth
3 years · compounded
▲ 7%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▲ 29%
5 years · compounded
▲ 35%

Revenue has grown at a compounded annual rate (CAGR) of 10% over five years. EBITDA fell 35% 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 of Shell India Markets Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹2,474.86 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹1,304.75 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 of Shell India Markets Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin12.7%••••••••••••••••
Net Profit Margin6.7%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Shell India Markets are in the company report.

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Board of Directors of Shell India Markets Private Limited

Shell India Markets has 4 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mansi Madan Tripathy
Also directs: Skillizen Learning Solutions Private Limited
Whole-Time Director30 Nov 20232 Years 10 MonthsCurrent
Sanjay Samuel Varkey
Also directs: Shell MRPL Aviation Fuels and Services Limited
Whole-Time Director23 Jan 20206 Years 8 MonthsCurrent
Pratibha Priyadarshini
Also directs: Shell Pahal Social Welfare Association
Whole-Time Director16 Aug 20215 Years 2 MonthsCurrent
Gopendra BahadurWhole-Time Director24 Nov 20250 Years 10 MonthsCurrent
View all directors

Peer Comparison of Shell India Markets Private Limited

Shell India Markets Private Limited is compared with the companies closest to it by revenue in the Chemicals industry (IT Consulting and Services, Petrochemicals). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Numaligarh Refinery Ltd₹25,405 Cr (FY 2025)••••••••7.0%••••Guwahati, Assam, India
Amazon Development Centre (India) Private Limited₹25,125 Cr (FY 2025)••••••••5.0%••••Bangalore, Karnataka, India
J. P. Morgan Services India Private Limited₹25,031 Cr (FY 2025)••••••••16.0%••••Mumbai, Maharashtra, India
Siemens Limited Listed₹23,165 Cr (FY 2024)••••••••16.0%••••Mumbai, Maharashtra, India
Nansystems Private Limited₹20,207 Cr (FY 2025)••••••••-8.0%••••Thiruvananthapuram, Kerala, India
Shell India Markets Private Limited this company₹19,496 Cr (FY 2025)••••••••••••Chennai, Tamil Nadu, India
Apar Industries Limited Listed₹18,681 Cr (FY 2025)••••••••15.0%••••Vadodara, Gujarat, India
John Deere India Private Limited₹16,501 Cr (FY 2025)••••••••8.0%••••Pune, Maharashtra, India
Wells Fargo International Solutions Private Limited₹16,250 Cr (FY 2025)••••••••17.0%••••Hyderabad, Telangana, India
Quess Corp Limited Listed₹14,991 Cr (FY 2025)••••••••9.0%••••Bangalore, Karnataka, India
Haldia Petrochemicals Limited₹14,648 Cr (FY 2025)••••••••-2.0%••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Shell India Markets by revenue in the Chemicals industry (IT Consulting and Services, Petrochemicals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Shell India Markets Private Limited

Shell India Markets Private Limited is audited by S.R Batliboi & Associates LLP for the financial year 2023.

NameStatusAppointment DateCessation Date
S.R Batliboi & Associates LLPLockedLockedLocked
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Ownership and Shareholding of Shell India Markets Private Limited

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Charges & Borrowings of Shell India Markets Private Limited

Open charges
None
Satisfied charges
₹16.5 Cr
Breakdown by lending institutions
The Hongkong & Shanghi Banking Cor. Ltd.₹15.00 Cr
Hdfc Bank Limited₹1.50 Cr
Latest charge details
DateLenderAmountStatus
15 May 2006The Hongkong & Shanghi Banking Cor. Ltd.₹15 CrSatisfied
10 Jul 1998Hdfc Bank Limited₹1.5 CrSatisfied

Total charge records: 2 View all charges

Deals & Funding of Shell India Markets Private Limited

Shell India Markets Private Limited has 10 deals on record (6 funding rounds, 4 rights issues), with disclosed funding of ₹2,481.38 Cr; the latest was in January 2020.

Total deals
10
Funding rounds
6
Rights issues
4
Disclosed funding
₹2,481.38 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Jan 2020Rights issue₹1,749.83 CrInvestors: Shell Gas BV
Jan 2018Rights issue₹2,165.94 CrInvestors: Shell Gas BV
Jun 2016Rights issue₹949.71 CrInvestors: Shell Gas BV
Dec 2014Rights issue₹1,686.23 CrInvestors: Shell Gas BV
Jan 2014Funding round₹316.98 CrInvestors: Shell Gas BV
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Shell India Markets Private Limited

Shell India Markets Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 63 overdue payments to 26 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 26)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
Syndicate Valves and Controls••••••••••••
an individual supplier••••••••••••
Aiut Technologies LLP••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Shell India Markets Private Limited

Shell India Markets Private Limited has a workforce of 13,000 employees as of Apr 05, 2024.

Employee count
13,000
Active EPFO establishments
3
Employee growth
17.4%
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Group Structure of Shell India Markets Private Limited

Shell India Markets has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Shell Pahal Social Welfare AssociationU85100KA2019NPL120159Locked

Showing major subsidiaries. Total: 1.

Recent Activity on Shell India Markets Private Limited

Shell India Markets Private Limited has 38 board changes on record since 2008: 4 appointments and 34 cessations. The latest: Gopendra Bahadur ceased to be Additional Director on 08 Dec 2025.

Ceased
Gopendra Bahadur ceased to be Additional Director.
Appointed
Gopendra Bahadur was appointed as Whole-Time Director.
AGM
Shell India Markets Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Shell India Markets Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Mansi Madan Tripathy was appointed as Whole-Time Director.
Ceased
Hari Kumar Thiagarajan ceased to be Director.
Ceased
Padma Ranganath Char ceased to be Whole-Time Director.
Ceased
Pratibha Priyadarshini ceased to be Whole-Time Director.
Ceased
Tarun Narayanan Prasanna Varma ceased to be Whole-Time Director.
Appointed
Pratibha Priyadarshini was appointed as Whole-Time Director.
Ceased
Mrinal Sinha ceased to be Whole-Time Director.
Appointed
Sanjay Samuel Varkey was appointed as Whole-Time Director.

33 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Shell India Markets Private Limited

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Subsidiaries & Group Companies of Shell India Markets Private Limited

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GST Compliance of Shell India Markets Private Limited

Shell India Markets has 34 GST registrations: 20 active and 14 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
34
Active
20
Cancelled / inactive
14
GSTINStateStatusRegistered on
33AAICS1404P1ZATamil NaduActive01 Jul 2017
33AAICS1404P2Z9Tamil NaduActive04 Mar 2025
06AAICS1404P1Z7HaryanaActive01 Jul 2017
07AAICS1404P1Z5DelhiActive01 Jul 2017
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MCA Filings & Documents of Shell India Markets Private Limited

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Related news about Shell India Markets Private Limited

Articles about Shell India Markets Private Limited on our blog

Frequently Asked Questions about Shell India Markets Private Limited

Shell India Markets is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 May 2004 (22+ years old) and is registered under CIN U23201TN2004PTC053147.

Shell India Markets reported revenue of ₹19,496 Cr for FY 2025.

Shell India Markets has 4 current directors:

Shell India Markets reported a net profit of ₹1,304.75 Cr (net margin 6.7%) and EBITDA of ₹2,474.86 Cr (EBITDA margin 12.7%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Shell India Markets is 7% over three years and 10% over five years. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Shell India Markets is 33AAICS1404P1ZA, registered in Tamil Nadu. The company has 34 GST registrations in all, of which 20 are active and 14 are cancelled or inactive. Other active GSTINs include 33AAICS1404P2Z9 (Tamil Nadu), 06AAICS1404P1Z7 (Haryana), 07AAICS1404P1Z5 (Delhi).

The CIN (Corporate Identification Number) of Shell India Markets is U23201TN2004PTC053147. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Shell India Markets has 329 court cases on record: 206 filed by the company and 68 filed against it. 84 are pending. Most are in the high courts.

Shell India Markets was incorporated on 06 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.

Shell India Markets has 10 deals on record (6 funding rounds, 4 rights issues), with disclosed funding of ₹2,481.38 Cr; the latest was in January 2020.

The peers of Shell India Markets by revenue are Numaligarh Refinery Ltd, Amazon Development Centre (India) Private Limited, J. P. Morgan Services India Private Limited, Siemens Limited, Nansystems Private Limited and 5 more, all in the Chemicals industry (IT Consulting and Services, Petrochemicals).

Gopendra Bahadur ceased to be Additional Director on 08 Dec 2025. Gopendra Bahadur was appointed as Whole-Time Director on 24 Nov 2025. Mansi Madan Tripathy was appointed as Whole-Time Director on 30 Nov 2023. Shell India Markets has 38 board changes on record in total.

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