Deep Onshore Services Private Limited
Deep Onshore Services Private Limited (DOSPL) is a privately held Indian company incorporated on June 23, 2020, and headquartered in Ahmedabad, Gujarat. A subsidiary of Deep Industries Limited, it focuses on services and equipment in the oil and natural gas sector. Although still relatively young, DOSPL has quickly become integral to its parent company’s strategic growth, participating in major acquisitions and new ventures within India’s energy industry.
Founding, Leadership, and Corporate Identity
Incorporation Details
DOSPL was registered in June 2020 under the Registrar of Companies in Ahmedabad. As a private company limited by shares, it was founded with a modest authorized and paidup capital of â¹10,000. Its Corporate Identification Number is U11100GJ2020PTC114115 and its registered office is located at Abhishree Corporate Park, Bopal Road, Ahmedabad.
Management Team
The company is directed by three key individuals: Parasbhai Shantilal Savla, Dharen Shantilal Savla, and Rupeshbhai Kantilal Savla. Their names are listed as directors since the company’s foundation.
Role Within Deep Industries Group
Subsidiary in Oil & Gas Services
DOSPL functions as a subsidiary of Deep Industries Limited (DIL), a major provider of oilfield services, including drilling, workover, and compression services. As of March 31, 2024, DOSPL was one of seven subsidiaries supporting DIL’s integrated project offerings.
Collaborations and Partnerships
While DOSPL primarily focuses on oilfield services within India, its sibling company Deep Onshore Drilling Services Private Limited also a DIL unit entered a joint venture with Euro Gas Systems Srl in July 2023, with EGS acquiring a 26% stake in drilling operations.
Notable Transactions
Acquisition of Dolphin Offshore Assets
One of DOSPL’s major early milestones was its acquisition of assets from Dolphin Offshore Enterprises (India) Limited, a marine services and engineering firm. The letter of intent was signed on February 7, 2022, with National Company Law Tribunal (NCLT) approval granted in late 2022. The acquisition was finalized on January 2, 2023, with DOSPL assuming management control under its resolution plan.
This deal expanded DOSPL’s capabilities beyond onshore operations into offshore service offerings, deepening its role in offshore engineering, diving, repairs, and project execution within the Indian oil and gas sector.
Business Operations and Core Services
Line of Business
Official corporate filings state that DOSPL’s main business is the extraction of crude petroleum and natural gas, along with service activities incidental to extraction excluding surveying. The firm is likely involved in machinery deployment, logistics, and transport servicing for drilling operations.
Industry Position
Deep Industries Ltd. ranks among India’s top-tier oilfield services companies, known for integrated project executions. Its group subsidiaries, including DOSPL, support this ecosystem with drilling rigs, compressed gas systems, and onshore logistics solutions.
Financial Profile and Corporate Health
Capital Structure and Financial Status
DOSPL remains a closely held company with minimal capital investment at inception. Financial filings show significant growth in net worth up 296,312.5% by March 2023 though profitability experienced a sharp drop of 592,100%. Revenue remained unchanged over the same period.
Reporting Compliance
The company is current with its annual returns and financial statements up to March 31, 2023, in compliance with the Companies Act. The last annual general meeting was held on October 16, 2021.
Strategic Importance and Outlook
Enhancing Service Integration
By acquiring offshore service assets and positioning itself as a key subsidiary, DOSPL contributes to DIL’s integrated delivery model. This positions both companies to offer comprehensive solutions from onshore drilling to offshore support under one cohesive structure.
Growth Potential
With ongoing expansions in India’s oil and gas sector, DOSPL is positioned to leverage its expanded capabilities. The firm’s involvement in a high-profile offshore asset acquisition indicates ambitions for long-term growth in both onshore and offshore service segments.
Summary
Deep Onshore Services Private Limited stands as a young but strategically vital arm of Deep Industries Limited. Since its inception in 2020, it has grown from a nominal-capital entity into a key player in onshore oilfield services. Through significant corporate actions like the acquisition of Dolphin Offshore assets and connections to joint ventures in related drilling entities DOSPL plays an important role in supporting its parent company’s integrated oil and gas operations. While still evolving in financial performance and profitability, DOSPL’s rapid expansion and corporate structuring suggest a forward-looking posture aimed at capturing growing demand and enhancing service offerings in India’s energy sector.