Understanding Bharat PetroResources History and Operations

Bharat PetroResources has its roots in the Indian government's efforts to tap into the country's vast oil and gas reserves. The company was established in 1993 as a joint venture between the government of India and a consortium of private investors.

Bharat PetroResources operates in the E&P (Exploration and Production) segment of the oil and gas industry, with a focus on exploring and producing oil and natural gas reserves in India and abroad. The company has a significant presence in the country's oil and gas sector.

Bharat PetroResources has a diverse portfolio of assets, including oil and gas fields, pipelines, and storage facilities. The company's operations are spread across several states in India, including Assam, Tripura, and Andhra Pradesh.

Bharat PetroResources had a significant reduction in revenue in 2023, with a 98.03% decrease from the previous year.

Their profit, however, saw a substantial improvement, increasing by 46.51% in 2023.

The company's net worth dipped by a mere 0.29% in 2023.

Here's a breakdown of the company's financial performance in 2023:

In 2023, the company's total assets decreased by 43.54%.

Bharat Petroresources has a clear ownership structure, with the promoter holding a significant stake in the company.

In 2023, the promoter holding stood at 100.00%, indicating a high level of control and ownership by the promoter.

The company's ownership structure is straightforward, with no complex shareholding patterns or multiple investors.

BPRL was formed in 2006 with an authorised capital of ₹1,000 crore to embark on the exploration of oil fields across the globe and expand crude supply to its parent firm Bharat Petroleum Corporation.

The company has a significant international presence, pursuing oil and gas development projects from Brazil to Mozambique.

BPRL acquired a 40 percent stake in an ultra-deepwater hydrocarbon block in Brazil for USD 1.6 billion after seeking approval from the Union Cabinet in 2022.

This block is expected to start production by 2026-27, with Petrobras owning and operating it with a 60 percent interest.

BPRL reported a consolidated income of Rs 181 crore and a loss of Rs 96 crore for the financial year (FY) 2018-19.

Bharat Petroresources Jpda Limited has a compliant status, which suggests that it adheres to the necessary regulations and guidelines.

Its leadership includes Ramanuj Chari as a Director, Kamal Chopra as a Director, and Vikas Sharma as the CFO.

Past directors have included notable individuals such as Ajay Kumar Vasudev, Balakrishna Menon, and Sudhir Krishnaji Joshi.

The company's latest AGM took place on 06 August 2025, with the balance sheet filed on 31 March 2025.

Bharat Petroresources Jpda Limited is based at Bharat Bhavan, 4 & 6 Currimbhoy Road Ballard Estate, Mumbai, Mumbai, Maharashtra, 400001.

In 2023, Bharat Petroresources had a promoter holding of 100.00%, indicating that the promoters have complete ownership of the company.

The company had 1 Subsidiary in 2023, which suggests a level of expansion and diversification.

You can access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments by getting instant access now.

Bharat PetroResources has a diverse team of directors who oversee the company's operations. Ramanuj Chari and Kamal Chopra are two of the current directors, appointed on March 24, 2021, and August 10, 2022, respectively.

The company also has a few nominee directors, with Yashika Mehta being one of them. She was appointed on June 27, 2025.

Here is a list of the current directors:

Bharat PetroResources has a small but dedicated workforce, with only 2 employees as of April 9, 2024.

The Current Directors of Bharat Petroresources Limited are a group of experienced professionals who have been appointed to oversee the company's operations. Ramanuj Chari is one of the current directors, appointed on March 24, 2021.

Kamal Chopra is another current director, who was appointed on August 10, 2022. He is joined by Vikas Sharma, the CFO, who was appointed on July 25, 2024.

Here is a list of the current directors:

Krishnakant Joshi is also a current director, appointed on July 25, 2022. He is joined by other experienced professionals, including Sanjay Khanna, who was appointed on September 7, 2022, and Ramakrishna Gupta Vetsa, appointed on January 12, 2022.

Bharat Petroresources has a surprisingly small workforce of just 2 employees as of April 9, 2024.

This tiny team is a stark contrast to many other companies, which often have hundreds or even thousands of employees.

Bharat PetroResources has established a strong presence in the Indian energy sector, with a significant presence in the country's oil and gas exploration and production landscape.

The company has a rating of A- from Credit Analysis and Research Limited, indicating its strong financial standing and ability to meet its obligations.

Bharat PetroResources has a significant settlement presence in the country, with operations in various states including Assam, Gujarat, and Rajasthan.

In a significant settlement, Bharat PetroResources Ltd. reached an agreement with Ovintiv Inc. for a principal liability of US$ 10 million.

The settlement was related to the oil and gas block BM-C-30 in Brazil. AZB & Partners acted for Bharat PetroResources Ltd. in this matter. The deal team comprised Senior Partner Anuja Tiwari, Partner Mallika Anand, Senior Associate Pranjal Bhattacharya, Associates Shikhar Thukral and Priti Sanjay.

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