Oil Services Company for Sale in Mumbai, India
For Sale: Established and profitable business that serves as mechanical contractors for oil refineries.
| Established | 20-30 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 650 thousand |
| Run Rate Sales | USD 920 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Oil Services |
| Locations | Mumbai |
| Local Time | 4:04 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
1.41 million
(Native Currency: INR 120,000,000)
Reason: The majority shareholder is retiring. The high valuation is based on historical revenue of INR 32 cr...
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Includes physical assets worth
USD
366 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
ROC-Verification.pdf
(70.0 KB)
Business Overview
- 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.
- 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.
Products & Services Overview
Equipment fabrication.Refinery maintenance shutdowns.
Annual rate contracts for maintenance.
Equipment dismantling.
Hot tapping.
Project work.
Equipment erection.
Piping.
Assets Overview
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.
Facilities Overview
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.
Capitalization Overview
- 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.
Recent Activity
-
1 week, 2 days agoDirector, Mechanical EPC, Chennai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysAssistant General Manager, EPC Contractor, Al Khobar, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Engineering, Mumbai, Corporate Investor / Buyer connected with the Business
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