Oil Services Company for Sale in Mumbai, India

- Contractor for erection, dismantling, and maintenance of oil refineries.

- Registered as a vendor with all major oil refineries across India.

- Max turnover INR 32 cr pre-Covid.

- 35-year-old business with 3 verticals:

• Refinery maintenance with AMCs.

• Refinery shutdown - dismantling when a plant is closed down.

• Project-based - like the erection of a refinery.

- Refinery shutdowns bring us the maximum revenue.

- We carry out work across India with a majority of work in Panipat, Jamnagar, Vizag, and Mumbai.

- Very few permanent employees as we operate on a hire-and-fire model for all works.

- Recently restructured the company as well, we used to have 14 permanent employees earlier.

Equipment fabrication.

Refinery maintenance shutdowns.

Annual rate contracts for maintenance.

Equipment dismantling.

Hot tapping.

Project work.

Equipment erection.

Piping.

Tangible assets - tools and tackles include 1,000-1,200 pieces of hand tools, inverter-based welding machines, plasma cutting machines, and scaffolding tubes. These tools are worth INR 2.5 crore. We also own 3 acres of land in MP, the land has a fabricated structure that can accommodate 30 people. The value of this land is about INR 60 lakh.

We have a rented office in the Chembur area of Mumbai. A sister concern's godown is used to store the tools and tackles.

The teams work on-site and do not require an office.

- The company is entirely self-funded. There are.

5 shareholders in a 3:3:3:6:85 split.

- No debts except shareholder's Quasi capital.