Kartikay Exploration & Mining Services

What Kartikay Exploration & Mining Services does

Kartikay Exploration and Mining Services Pvt. Ltd. (KEMSPL) is a privately held, Nagpur-headquartered Indian mineral exploration and drilling services contractor founded in 2008 under the Companies Act 1956. The company delivers an integrated service portfolio covering mineral exploration, geochemical and geophysical investigations, mineral exploration and geotechnical drilling, coal bed methane / coal mine methane (CBM/CMM) drilling, geotechnical investigations for tunneling and heavy engineering structures, and the preparation of geological, resource, and feasibility reports compliant with NABET and IBM guidelines. Core technical assets include a fleet of high-tech surface drills (Atlas Copco RD20III, Schramm T250XD) capable of >1,000 m NQ-size drilling and large-diameter boreholes up to 17.5 inches, supplemented by drone-based and ground geophysical surveys, GPS/GNSS/GIS topographical mapping, directional core drilling via a 20-year-experienced technical partner, and multiparameter borehole geophysical logging.

The company sells project-based professional services to enterprise and government clients in mining (iron ore, coal, copper, gold), oil and gas, water infrastructure, and unconventional gas. Revenue mechanics are per-meter drilling contracts (productivity rates of 800–1,361 m/drill/month) and turnkey assignments for geological surveys through resource estimation. Kartikay maintains ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and NABET accreditation, and reports a cumulative track record of 175,000+ meters drilled in iron ore, multiple MECL coal projects (25,000–50,924 m each), and ahead-of-schedule completions such as the Somavaram project delivered in 5.5 months. Operations span India (corporate HQ Nagpur, registered office New Delhi) and international markets through wholly-owned Kartikay Resources LLC (Oman, established 2019) and the Kanz Al Maaden Contracting Company joint venture with ATL Group (Saudi Arabia). The company is family-controlled by the Mrig family, with Mr. Ajay Mrig (Chairman, 30+ years in coal mining, processing, and power generation) and Mr. Piyush Mrig (Director, second generation), and operates with 51–100 employees and no recorded external institutional funding.

Name

Kartikay Exploration & Mining Services

Legal name

Kartikay Exploration & Mining Services Pvt. Ltd.

Website

https://kartikay.co.in

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Kartikay Exploration & Mining Services is a Nagpur-headquartered, family-owned Indian contractor founded in 2008 that delivers mineral exploration, geochemical and geophysical investigations, drilling, CBM/CMM, and geotechnical services to mining, oil and gas, and infrastructure clients across India, Oman, and Saudi Arabia.

Ownership category

akta.pro rank

Product category

Mineral Exploration & Drilling Services

NAICS

Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (2131), Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Exploration Services (1382), Services-Commercial Physical & Biological Research (8731), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industries

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB), Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK), Geotechnical & Subsurface Engineering Consulting (BPAHAIAB)

Keywords

• Mineral exploration services
• Geotechnical drilling
• Geophysical surveys
• Coal bed methane drilling
• Mining consultancy

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Mineral Exploration Services: Provides comprehensive mineral exploration services including geological surveys, drilling, resource estimation, and preparation of geological reports as per NABET and IBM guidelines. Revenue generated through project-based contracts for minerals exploration including Iron Ore, Copper, Gold, Coal.
2. Drilling Contracts: Core drilling services for mineral exploration and geotechnical investigations. Revenue generated per meter of drilling completed with productivity metrics of 800-1361 meters/drill/month. Includes exploratory drilling, large diameter boreholes, and directional drilling contracts.
3. Oil and Gas Drilling Services: Drilling services for oil and gas industry including top hole drilling, cathodic protection well drilling, water well drilling, and CBM/CMM drilling in Oman through Kartikay Resources LLC.
4. Technical Consultancy Reports: Preparation of geological reports, resource and reserve estimation reports, pre-feasibility and feasibility reports, geophysical and geochemical reports for mining clients.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Kartikay Exploration & Mining Services is a B2B technical consultancy that provides mineral exploration, geochemical and geophysical investigations, and surface and underground drilling services to mining, oil & gas, and infrastructure clients. The company operates a fleet of high-tech drill rigs (including Atlas Copco RD20III and Schramm T250XD) capable of deep and large-diameter boreholes and delivers turnkey projects from geological mapping through resource estimation. It also prepares geological reports compliant with NABET and IBM guidelines and operates internationally through subsidiaries in Oman and a joint venture in Saudi Arabia.

Product overview

Kartikay Exploration & Mining Services offers a unified portfolio of mineral exploration and drilling services organized around six core service lines: Mineral Exploration, Geochemical Investigations, Geophysical Investigations, Mineral Exploration and Geotechnical Drilling, CBM/CMM (Coal Bed Methane/Coal Mine Methane), and Geotechnical Investigations. These services are complemented by specialized report preparation modules covering geological reports, resource/reserve estimation, pre-feasibility and feasibility studies, and geophysical/geochemical reports. The company operates internationally through two entities: Kartikay Resources LLC Oman (established 2019) providing oil and gas and drilling services, and Kanz Al Maaden Contracting Company, a joint venture with ATL Group in Saudi Arabia. The service portfolio is delivered using company-owned drilling rigs including Atlas Copco RD20III and Schramm T250XD equipment.

Differentiator

Problem solved

Functional benefit

Products and services

• Mineral Exploration Core service of searching for evidence of mineralization in surrounding rocks, involving geological mapping, soil sampling, stream sediment analysis, drilling, and geophysical methods to develop geological pictures and identify ore bodies. Targeted at mining companies exploring minerals such as Iron Ore, Copper, Gold, and Coal.
• Geochemical Investigations Geochemical sampling services including lithogeochemical, pedogeochemical, and hydrogeochemical surveys to analyze the chemistry of geology beneath the surface and assist in drill target prioritization. For mining exploration clients.
• Geophysical Investigations Measuring Earth's geophysical parameters including ground-based gravity surveying, microgravity surveys, magnetics, electrical resistivity, SP, IP surveys, borehole geophysical logging, and drone-based surveys for difficult terrains. For mining and exploration clients.
• Mineral Exploration and Geotechnical Drilling Surface and underground exploratory drilling services including large diameter boreholes (up to 17.5 inches and 1000M+ depth in NQ size), BQ/AQ/NQ size drilling, and directional core drilling services. For mining, oil & gas, and infrastructure clients.
• CBM/CMM (Coal Bed Methane/Coal Mine Methane) Drilling Coalbed methane drilling and exploitation services using Atlas Copco RD20III drill rig with 120,000 lbf pullback force, covering vertical wells, cluster wells, and horizontal wells (L-, U-, V-shaped). For CBM/CMM operators.
• Geotechnical Investigations Geotechnical drilling services for tunneling and heavy engineering structures, supported by GPS, GNSS, and GIS-based ground topographical surveys, with integrated expert team of geologists and engineers. For construction and infrastructure clients.
• Geological Reports and Resource/Reserve Estimation Preparation of geological reports, resource and reserve estimation reports, pre-feasibility and feasibility reports, and geophysical and geochemical reports for mining clients, compliant with NABET and IBM guidelines.

Quantifiable outcome

• Productivity rates of 1361m/drill/month achieved in coal drilling projects (Dahegaon-Dhapewada)
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Kartikay Resources LLC OmancoreStrategic or Co-development Partner · 1 January 2019Sister concern of Kartikay Exploration and Mining Services Private Limited, established in Muscat, Oman in 2019. Registered with JSRS (Joint Safety Regulations System). Provides drilling services in Sultanate of Oman including oil and gas drilling, water well drilling, cathodic protection well drilling, and mineral exploration drilling. Operates with Atlas Copco RD20III rig and Schramm T250XD rig capable of drilling up to 3000 meters.
• Kanz Al Maaden Contracting CompanycoreStrategic or Co-development PartnerJoint venture company formed with ATL Group in Kingdom of Saudi Arabia for exploration and drilling services. Subsidiary of Kartikay Exploration and Mining Services. Successfully registered on Ma'aden Supplier Portal. Engaged in drilling and geological work for various minerals in Kingdom of Saudi Arabia, Oman, and India.
• ATL GroupcoreStrategic or Co-development PartnerStrategic partner in KSA for joint venture formation - Kanz Al Maaden Contracting Company. ATL Group has been serving the Oil and Gas industry, Mining Industries, Water Desalination plants, Power plants, and Production Machinery sectors in the Kingdom of Saudi Arabia for several years.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Major Drilling Group International: Global contract mineral exploration drilling services company operating a large rig fleet across base metals, precious metals, and energy projects. Closest international analog to Kartikay in core drilling services delivered on a per-meter basis.
• Boart Longyear: Global provider of drilling services and downhole tooling to the mining and mineral exploration industry, with deep/large-diameter and directional capabilities that closely overlap Kartikay's rig and scope profile.
• Fugro: Global geotechnical and site characterization specialist performing subsurface investigations, geophysical surveys, and drilling for infrastructure and natural resource clients — the closest analog to Kartikay's geotechnical investigations and GPS/GNSS/GIS-based survey capability.
• Mineral Exploration Corporation Limited (MECL): Indian government-owned mineral exploration and drilling agency. Directly comparable as a core mineral exploration drilling counterpart for the same MECL tenders and similar iron-ore/coal projects in which Kartikay operates.
• Foraco International: International drilling contractor specializing in mineral exploration, geotechnical, and water well drilling across diverse geographies. Its service mix and project-based per-meter revenue model closely mirror Kartikay's.

Broad incumbents

• Halliburton: Global oilfield services major with drilling and evaluation capabilities that materially overlap the drilling services Kartikay Resources LLC offers to O&G operators in Oman, including top-hole and water-well work.
• Schlumberger (SLB): Largest global oilfield services company with drilling, geophysical, and reservoir evaluation capabilities that overlap Kartikay Resources LLC's oil and gas drilling and geophysical logging offerings in the Middle East.
• Perenti Global (Ausdrill): Diversified mining services group with surface exploration drilling alongside larger contract mining and production work. Comparable exploration drilling capability but with much broader portfolio, including production-scale mining services.

Emerging players

• Geodrill: Junior mining drilling contractor focused on exploration drilling for gold and base metals across Africa and emerging markets. Comparable as an exploration-focused contractor with project-based per-meter revenue dynamics similar to Kartikay's.
• Geomysore Services India: Indian mineral exploration services company providing geological and geophysical services comparable to Kartikay's mineral exploration and CBM/CMM offerings within the same domestic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kartikay-exploration-and-mining-services-private-limited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kartikay Exploration & Mining Services