Sterling Oil Resources Limited - Company Profile

It is a energy and power public limited company based in Mumbai, Maharashtra, India, established in 2006.

2006 Mumbai, Maharashtra, India Under Cirp

Last Updated: July 25, 2025

About Sterling Oil Resources Limited

Sterling Oil Resources Limited, a under cirp public limited company, was established on 10 July 2006 in Mumbai, Maharashtra, India. Engaging in oil & gas exploration & production within the mining and quarrying sector, it holds CIN: U23209MH2006PLC163026. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹150.00 Cr and a paid-up capital of ₹146.01 Cr.

Formerly known as Sterling Oil Resources Private Limited, Sterling Oil Management Pvt Ltd. It upholds a active non-compliant status. Its leadership includes Sanjay Gupta (Irp/Rp/Liquidator), Nitin Jayantilal Sandesara (Director), Mayuriben Hiteshbhai Patel (Director). Past directors included Ramani Subramanian Iyer, Nitin Jayantilal Sandesara, Kulbhushan Omprakash Dixit. It holds ₹1,783.04 Cr open charges and no settled loans. Its latest AGM occurred on 28 September 2016, with the balance sheet filed on 31 March 2016. It is based at 329, Sandesara House, Jawahar Nagar, Goregaon (West), Mumbai, Maharashtra, 400062.

Company Details

CIN/LLPIN
U23209MH2006PLC163026
Registration Number
163026
Incorporation Date
10 July 2006
Authorized Capital
₹150.00 Cr
Paid-Up Capital
₹146.01 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Under Cirp

Key Metrics

Authorised Capital ₹ 150.00 Cr as on 25-07-2025
Paid Up Capital ₹ 146.01 Cr as on 25-07-2025
Company Age 19 Year, 7 Months
Last Filing with ROC 31 Mar 2016
Open Charges ₹ 1,783.04 Cr as on 25-07-2025
Revenue Growth **** 62.42% (FY 2015)
Profit Growth **** 1087.29% (FY 2015)
Ebitda **** 99.53% (FY 2015)
Net Worth 8.19% (FY 2015)
Total Assets -42.67% (FY 2015)

Comprehensive Company Insights

Explore comprehensive insights into Sterling Oil Resources Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Sterling Oil Resources Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sanjay Gupta	Irp/Rp/Liquidator	10 Nov 2023	Current
Nitin Jayantilal Sandesara	Director	01 Nov 2007	Current
Mayuriben Hiteshbhai Patel	Director	20 Mar 2015	Current
Chetan Jayantilal Sandesara	Director	01 Nov 2007	Current
Hiteshkumar Narendrabhai Patel	Director	20 Mar 2015	Current
Dipti Chetan Sandesara	Director	01 Nov 2007	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	26 Nov 2007	Past
Pramod Abcsdd	Director	10 Dec 2012	Past
Pramod Abcsdd	Director	26 Nov 2007	Past
Pramod Abcsdd	Irp/Rp/Liquidator	10 Nov 2023	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Sterling Oil Resources.

Sterling Oil Resources Limited, for the financial year ended 2015, experienced significant growth in revenue, with a 62.42% increase. The company also saw a substantial improvement in profitability, with a 1087.29% increase in profit. The company's net worth moved up by a moderate rise of 8.19%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

62.42%

*******

Revenue from Operations

*******

Total Assets

*******

-42.67%

*******

Profit or Loss

*******

1087.29%

*******

Net Worth

*******

8.19%

*******

EBITDA

*******

99.53%

*******

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What is the Ownership and Shareholding Structure of Sterling Oil Resources?

In 2016, Sterling Oil Resources had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹17,830,400,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Axis Bank Limited : 1375.00 Cr
Bank Of Baroda : 360.04 Cr
Allahabad Bank : 48.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
17 Sep 2012	Bank Of Baroda	₹360.04 Cr	Open
06 Apr 2012	Allahabad Bank	₹48.00 Cr	Open
18 Dec 2009	Axis Bank Limited	₹1,375.00 Cr	Open

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How Many Employees Work at Sterling Oil Resources?

Unlock and access historical data on people associated with Sterling Oil Resources, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Sterling Oil Resources, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Sterling Oil Resources's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Sterling Oil Resources

Recent Activity within the Organization

Director Appointment

Sanjay Gupta was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 10 Nov 2023 & has been associated with this company since 2 years 3 months . was recorded as a recent event.
10 Nov 2023
Annual General Meeting

Sterling Oil Resources Limited last Annual general meeting of members was held on 28 Sep 2016 as per latest MCA records. was recorded as a recent event.
28 Sep 2016
Balance Sheet

The activity Sterling Oil Resources Limited has filed its annual Financial statements for the year ended 31 Mar 2016 with Roc Mumbai. was completed.
31 Mar 2016
Director Appointment

The activity Mayuriben Hiteshbhai Patel was appointed as a Director was appointed as a Director on 20 Mar 2015 & has been associated with this company since 10 years 11 months . was completed.
20 Mar 2015
Director Appointment

Hiteshkumar Narendrabhai Patel was appointed as a Director was appointed as a Director on 20 Mar 2015 & has been associated with this company since 10 years 11 months . was recorded as a recent event.
20 Mar 2015
Charges

A charge with Bank Of Baroda amounted to Rs. 360.04 Cr with Charge ID 10379632 was registered on 17 Sep 2012. was recorded as a recent event.
17 Sep 2012

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Frequently Asked Questions

What is the CIN of Sterling Oil Resources Limited?

The CIN of Sterling Oil Resources Limited is U23209MH2006PLC163026.

Where is Sterling Oil Resources Limited headquartered?

Sterling Oil Resources Limited is headquartered at 329, Sandesara House, Jawahar Nagar, Goregaon (West), Mumbai, Maharashtra, 400062.

When was Sterling Oil Resources Limited incorporated?

Sterling Oil Resources Limited was incorporated on 10 July 2006.

Who are the current directors of Sterling Oil Resources Limited?

The current directors of Sterling Oil Resources Limited are

What is the primary industry of Sterling Oil Resources Limited?

The primary industry of Sterling Oil Resources Limited is Mining And Quarrying.

Is Sterling Oil Resources Limited a listed company?

Sterling Oil Resources Limited is unlisted.

What is the capital structure of Sterling Oil Resources Limited?

The authorized capital of Sterling Oil Resources Limited is ₹150.00 Cr, and the paid-up capital is ₹146.01 Cr.

What is the compliance status of Sterling Oil Resources Limited?

The compliance status of Sterling Oil Resources Limited is Active Non-Compliant.

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