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Offshore Oil Drilling Business Investment Opportunity in Eluru, India

Business is into water well drilling since 1980, seeking investment to expand to other countries.

Established 40-50 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 190 thousand
Run Rate Sales USD 200 thousand
EBITDA Margin 20 %
Industries Offshore Oil Drilling + 1 more
Locations  Eluru
Local Time 9:40 PM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Investment
USD 250 thousand for 25.0% stake (Native Currency: INR 20,000,000)
Reason: We are going to start our drilling services in Morocco and Ethiopia so we want investment for workin... View More
Includes physical assets worth USD 1 million
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Business Overview

- Business is running for nearly 4 decades and has good hold in this industry.

- We have worked with Reliance Petro chemicals, Power Chain and Singareni Collieries Company in the past for oil and gas drilling.

- We are only into water well drilling as of now.

- Have won water drilling sub contract from Kolkata Government and currently working on that.

- We also export drilling equipment to more than 15 major drilling companies around the world.

- We manufacture welding rods in small quantity mostly for own use.

- Major income is generated from drilling services.

- Physical assets include land and machinery.

- Promoter has more than 30 years of experience in this business.

Products & Services Overview

Drilling tube wells, exporting drilling equipment and manufacturing welding rods.

Facilities Overview

4 acres of own industrial land in Andhra Pradesh with workshop.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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