About SP Armada Oil Exploration Private Limited
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SP Armada Oil Exploration Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji Energy Private Limited. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 16 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U11100MH2011PTC225048. Its GSTIN is 27AAQCS7983P1ZZ (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Kua Mei Fang Sin Hock Kua and Gary Neal Christenson.
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 70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹351.14 Cr, a growth of 105% compared to the previous year. For the same year it recorded a net loss of ₹50.1 Cr (net margin -14.3%) and EBITDA of -₹46.99 Cr (EBITDA margin -13.4%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 12% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 3 deals on record (3 secondary share transfers); the latest was in October 2016.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sparmada.com.
Company details
Contact details
SP Armada Oil Exploration Private Limited's registered office is in Mumbai, Maharashtra. Its website is sparmada.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of SP Armada Oil Exploration 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
Business activity
The main business activity of SP Armada Oil Exploration 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 SP Armada Oil Exploration Private Limited, buy the company report.
Financials of SP Armada Oil Exploration Private Limited
FY 2025 filings availableSP Armada Oil Exploration Private Limited reported revenue of ₹351.14 Cr (up 105% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 105% growth in the latest year. EBITDA fell 182% 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 |
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| EBITDA | -₹46.99 Cr | ||||
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| Net Profit (PAT) | -₹50.1 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -13.4% | ||||
| Net Profit Margin | -14.3% | ||||
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To see the full financial statements and ratios of SP Armada Oil Exploration Private Limited, buy the company report.
Board of directors of SP Armada Oil Exploration Private Limited
SP Armada Oil Exploration has 7 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kua Mei Fang Sin Hock Kua | Director | 02 May 2019 | 7 Years 6 Months | Current |
| Gary Neal Christenson | Director | 16 Nov 2019 | 6 Years 11 Months | Current |
| David James Clark | Alternate Director | 17 Dec 2021 | 4 Years 10 Months | Current |
| Ganapathy Srihari Rama Iyer | Director | 09 Dec 2016 | 9 Years 10 Months | Current |
| Ravi Srinivasan Shankar | Director | 03 Jan 2012 | 14 Years 10 Months | Current |
| Shankar Krishnan Subramanian | Director | 03 Jan 2012 | 14 Years 10 Months | Current |
Auditor
SP Armada Oil Exploration Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of SP Armada Oil Exploration Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SP Armada Oil Exploration Private Limited, buy the company report.
Deals & funding
SP Armada Oil Exploration Private Limited has 3 deals on record (3 secondary share transfers); the latest was in October 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Shapoorji Pallonji Energy Private Limited Seller: an individual |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Shapoorji Pallonji Energy Private Limited Seller: Shapoorji Pallonji Co Limited |
| Jan 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shapoorji Pallonji Co Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SP Armada Oil Exploration Private Limited has 4 court cases on record: 3 filed by SP Armada Oil Exploration, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Deputy Commissioner of Income Tax Circle-3( and 3 others | Pending |
| Supreme Court | Appeal | Filed against the company by Deputy Commissioner of Income Tax Circle 3(3) (1) Mumbai | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of SP Armada Oil Exploration 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
No delayed payments to MSME suppliers are on our record for SP Armada Oil Exploration Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SP Armada Oil Exploration Private Limited has a workforce of 10 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
GST
SP Armada Oil Exploration has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS7983P1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SP Armada Oil Exploration Private Limited, buy the company report.
Recent activity
SP Armada Oil Exploration Private Limited has 27 board changes on record since 2012: 7 appointments and 20 cessations. The latest: David James Clark was appointed as Alternate Director on 17 Dec 2021.
18 earlier events are in the company report.
Frequently asked questions
SP Armada Oil Exploration is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 16 December 2011 (15+ years old) and is registered under CIN U11100MH2011PTC225048.
SP Armada Oil Exploration has 7 current directors:
- Kua Mei Fang Sin Hock Kua - Director
- Gary Neal Christenson - Director
- David James Clark - Alternate Director
- Ganapathy Srihari Rama Iyer - Director
- Ravi Srinivasan Shankar - Director
- Shankar Krishnan Subramanian - Director
- Venkata Subramanian Sethuraman - Director
The latest financial statements of SP Armada Oil Exploration 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 SP Armada Oil Exploration is 27AAQCS7983P1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of SP Armada Oil Exploration is U11100MH2011PTC225048. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SP Armada Oil Exploration has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
SP Armada Oil Exploration was incorporated on 16 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
SP Armada Oil Exploration has 3 deals on record (3 secondary share transfers); the latest was in October 2016.
David James Clark was appointed as Alternate Director on 17 Dec 2021. Mark Andrew Newby ceased to be Alternate Director on 17 Dec 2021. Gary Neal Christenson ceased to be Additional Director on 25 Sep 2020. SP Armada Oil Exploration has 27 board changes on record in total.
SP Armada Oil Exploration can be reached through the website sparmada.com. Its registered office is in Mumbai, Maharashtra, India.
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