South West Pinnacle Exploration Ltd
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Introduction: South West Pinnacle Exploration is a Gurgaon based private company involved in the business of exploration services, in the field of mineral & unconventional energy resources. It also delivers consultancy for geological field services and allied services. Other services provided by the company is in the area of aquifer mapping(determining the quantity and quality of groundwater) for Hydro-geological organisations in India
Date of Establishment: South West Pinnacle Exploration was originally incorporated in the year 2006 as "South West Pinnacle Exploration Private Limited" at New Delhi, as a Private Limited Company under the provisions of Companies Act, 1956
Product & Service Offering: Given below are the service offerings of South west pinnacle exploration limited
- Aquifer Mapping Services
- CBM Exploration Services
- CBM Production Services
- Coal & Mineral Drilling Services
- Geological & Geophysical Services
- Workover Rig Services
Customer Segment: Company has wide range of clients majorly in Oil and Gas, and Metals & Mining Industry. Few of the clients are given below:
- Reliance Industries Limited, Mumbai
- Rio Tinto Exploration (India), Bangalore
- Hindustan Zinc Ltd ( Vedanta Group ), Udaipur
- Tata Iron & Steel (TISCO ), Jamshedpur
- De-Beers India, New Delhi
- CMPDI (COAL INDIA LTD.), Ranchi
- Atomic Energy Directorate , Hyderabad
Promoters of South West Pinnacle Exploration Limited: Company is promote by its founders Piyush Jain and Vikas Jain.
Objects of the Issue: The proceeds from the issue will be primarily used for paying off the company’s debt(both secured and unsecured loans),cash required for funding day to day company activities and sundry corporate expenses.
Company Financials:
Summary of financial Information (Restated Consolidated) |
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Particulars |
For the year/period ended (in Rs. million) |
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31-Mar-17 |
31-Mar-16 |
31-Mar-15 |
31-Mar-14 |
31-Mar-13 |
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Total Assets |
1066.4 |
827.3 |
790.1 |
740.7 |
679.4 |
|
Total Revenue |
727.3 |
849.2 |
634.1 |
522.4 |
378.1 |
|
Profit After Tax |
60.0 |
38.6 |
29.0 |
28.2 |
2.97 |