What we do Aakash Exploration Services Ltd provides specialized Oil and Gas field services including Mobile Work Over Rigs, Hot Oil Circulation Units, and manpower services across India. |
Founded in 2,007 |
Market share A reputed provider of Oil and Gas field services with operations across 7+ Indian states serving major public and private oil sector companies. |
Problem solved Addresses critical operational needs in Oil and Gas exploration and production by supplying specialized equipment and technical services ensuring efficient field operations. |
Top clients or who we serve Serves government entities like Oil & Natural Gas Corporation Ltd and private operators like Cairn, Essar, GSPCL in B2B Oil and Gas sectors. |
Key management Vipul Navin Haria (Chairman & Managing Director), Krunal Pravin Haria (Whole Time Director), Hemang Navin Haria (Whole Time Director and CFO). |
Our journey and innovations Started as a private firm in 2007, converted to public limited in 2017, expanded equipment range, ISO certified, listed in 2020, and continuously upgrading technology. |
Where we operate India, with operations in more than seven states including major oil and gas project locations. |
Top products or what we offer Mobile Work Over Rigs, Hot Oil Circulation Units, Air Compressors, Mobile Steaming & Pumping Units, Cranes, SRP Units, and manpower for oilfield services. |
Top brands Aakash's equipment and service units form its core offerings, widely recognized and compliant with international standards. |
Raw materials needed Heavy machinery components, specialized industrial-grade materials for rig and field equipment manufacturing and maintenance. |
Raw materials supplier Local and specialized industrial suppliers adhering to quality standards for oilfield equipment parts. |
Recurring vs cyclical contribution Revenue primarily from recurring service contracts and equipment maintenance in the oilfield services sector. |
Our industry position Among leading oilfield service providers in India, with strong client relationships and ISO certifications. |
Financial highlights Revenue of approx Rs 98.18 crore and net profit of Rs 1.84 crore in FY 2024-25, showing steady income with profit affected by rising expenses. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by increased oil exploration activities, equipment upgrades, and expanding clientele in both public and private sectors. |
Our future plans Plans to enhance service capabilities, invest in technology adoption, and expand operational footprint within India. |
Our green promise Focuses on energy conservation by reducing electricity and fuel usage, employing energy-efficient equipment, and minimizing operational waste. |
Our people and values Cultivates a culture of safety, professionalism, and ethical conduct with diverse teams committed to operational excellence. |
Key challenges ahead Rising operational costs, competitive pressures, regulatory changes, and dependence on the fluctuating oil exploration market. |
Interesting facts Member of the International Association of Drilling Contractors and holder of multiple ISO certifications (9001, 14001, OHSAS 18001). |
Risks and strategy Mitigates risks via strong internal controls, compliance adherence, continuous technology upgrades, and diversified client base. |
