What SEROS does

SEROS is an Indian private conglomerate headquartered in Surat, Gujarat, operating across four core divisions: Shipping, Energy, Offshore, and Logistics. The Shipping division runs one of India's largest privately-held coastal fleets (22 vessels) moving dry bulk cargo (coal, coke, limestone, containers, project cargo) along 7,000+ km of coastline. The Energy division owns and operates 25+ drilling rigs (250-3000 HP capacity) and offers specialized well services including hydraulic fracturing, coiled tubing, cementing, nitrogen pumping, and directional drilling; the company claims to be the only privately-held Indian firm with hydraulic fracturing capability and has drilled 350+ wells including 200+ CBM wells for ONGC. The Offshore division provides accommodation barge services (Scanley 1 with helipad and 200-tonne crane), subsea intervention, platform modification, and hook-up work for clients including ONGC, L&T, and Affcons. The Logistics division offers surface logistics, heavy equipment rental, and the Greenline sub-brand, which is positioned as India's largest green logistics company and a nationwide CNG/LNG virtual pipeline network using cryogenic trailers.

The group's underlying technology stack combines specialized drilling and well services equipment (CEMPRO cementing software, CTES Orion IV data acquisition, IoT-enabled rigs) with the Seros Information System connecting drilling, energy production, and shipping teams, plus GPS and camera-enabled real-time cargo tracking across logistics operations. Revenue is generated primarily through professional services on long-cycle enterprise contracts with oil & gas operators, EPC companies, and industrial cargo owners; pricing is project-based and not publicly disclosed. Go-to-market is exclusively direct enterprise field sales with key accounts (ONGC, L&T, Affcons named), supplemented by event-driven thought leadership (e.g., MAGMA 2026 title sponsorship). The Logistics division is ISO 9001/14001/39001 and OHSAS 18001 compliant, and the Drilling division is ISO 9001 certified. Headcount is in the 251-500 range and the company is privately held with founder/management control under MD & CEO Ashish Agarwal; no funding rounds, M&A activity, or external institutional investors are disclosed.

Name

SEROS

Legal name

Seros

Website

https://seros.in

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

SEROS is an Indian private conglomerate operating across Shipping (one of India's largest coastal vessel fleets), Energy (drilling rigs and well services for oil & gas plus geothermal), Offshore (accommodation barges and platform modification), and Logistics (including Greenline LNG virtual pipeline), serving enterprise clients such as ONGC, L&T, and Affcons.

Ownership category

akta.pro rank

Product category

Oilfield and Logistics Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Marine Cargo Handling (488320)

SIC

Oil & Gas Field Machinery & Equipment (3533), Water Transportation (4400), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industries

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO)

Keywords

• Oilfield drilling services
• Coastal shipping services
• Well services
• Offshore support services
• Multimodal logistics solutions

Headquarters

HQ city

Surat

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Drilling Services: Oil and gas drilling services with one of India's largest drilling rigs fleets. Services include CBM wells, directional drilling, work over services, and geothermal drilling.
2. Well Services: Pressure pumping and production enhancement services including hydraulic fracturing, coiled tubing, cementing, and nitrogen pumping services.
3. Shipping Services: Marine cargo transport along Indian coastline using owned and operated fleet of vessels for dry bulk cargo including coal, coke, limestone, containers, and project cargo.
4. Geothermal Energy Services: Currently drilling geothermal wells in Puga Valley as part of India's geothermal energy development.
5. Logistics Services: Multimodal logistics including surface logistics, LNG virtual pipeline (Greenline), heavy equipment rental, and nationwide cargo transportation.
6. Offshore Services: Offshore accommodation barge services, modification and customization activities, subsea intervention work, hook-up, revamping, and platform topside modification.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

SEROS is a diversified Indian conglomerate delivering integrated logistics, energy, offshore, and shipping services to enterprise and industrial clients. It owns and operates one of India's largest private coastal vessel fleets (22 vessels) and one of the largest private drilling rig fleets (25+ rigs, 250–3000 HP), providing specialized drilling, well services (hydraulic fracturing, cementing, coiled tubing, nitrogen pumping), offshore accommodation and project services, and multimodal logistics including the Greenline LNG/CNG virtual pipeline network.

Product overview

Seros is a diversified conglomerate operating four core divisions: Shipping (coastal fleet vessel operations), Energy (drilling and geothermal), Offshore (project services), and Logistics (multimodal transport). Under Energy, the company offers Well Services including hydraulic fracturing, cementing, and coiled tubing. The Logistics division includes Greenline, an LNG/CNG virtual pipeline brand. The company operates 22 vessels, 25+ drilling rigs (250-3000 HP), and manages 350+ successfully drilled wells including 200+ CBM wells for ONGC.

Differentiator

Problem solved

Functional benefit

Brands

• Greenline: India's largest green logistics company and nationwide virtual pipeline network for CNG/LNG distribution.

Products and services

• Seros Shipping Premier marine service providing coastal shipping through one of India's largest coastal vessel fleets, transporting dry bulk cargo including coal, coke, containers, project cargo, limestone, and dolomite across the 7,000 km Indian coastline for industrial cargo owners.
• Seros Energy Oilfield services division and geothermal energy operator owning one of India's largest drilling rig fleets, offering specialized services including directional drilling, workover services, CBM wells, and hydraulic fracturing. Currently drilling geothermal wells in Puga Valley.
• Seros Offshore Offshore project services including accommodation barge operations (Scanley 1 with helipad and 200 Tonne crane, 200 pax capacity), modification and customization activities such as subsea intervention, hook-up, revamping, and platform topside modifications for offshore oil & gas clients.
• Seros Logistics Multimodal logistics services including surface logistics, LNG/CNG virtual pipeline (Greenline), heavy equipment rental, and nationwide cargo transportation. ISO 9001/14001/39001 and OHSAS 18001 compliant.
• Greenline LNG Virtual Pipeline Mobile energy distribution network providing CNG and LNG delivery via cryogenic trailers to remote industrial locations where conventional pipelines are infeasible. India's largest green logistics company operating a nationwide virtual pipeline network.
• Seros Well Services Comprehensive well lifecycle solutions including pressure pumping, hydraulic fracturing, coiled tubing, cementing services, nitrogen pumping, well stimulation/intervention, sand consolidation, and formation damage treatment for oil & gas operators.

Quantifiable outcome

• 350+ wells drilled successfully
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• MIT World Peace UniversityminorGTM or Marketing Partner · 5 May 2026SEROS Energy served as title sponsor at MAGMA 2026 conference on Geothermal Energy Exploration and Production in Pune. The five-day workshop brought together 16+ national and international organizations, positioning Seros as a thought leader in geothermal energy development.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Asian Oilfield Services: Indian oilfield services provider operating drilling rigs and well services onshore and offshore, with similar blue-chip E&P clients. Closest listed Indian peer to Seros's Energy division in scale and service mix.
• John Energy: Indian drilling services contractor focused on directional drilling, workover and CBM wells. Comparable to Seros Drilling's onshore CBM and directional drilling offering.
• Allcargo Logistics: Indian multimodal logistics player offering surface, coastal and project cargo services. Comparable to Seros Logistics and the multimodal bundling with Greenline and heavy equipment operations.
• Aban Offshore: Indian offshore drilling and oilfield services company with rigs and offshore support vessels servicing ONGC and other domestic E&P operators. Directly comparable to Seros's offshore and drilling business mix in India.
• Essar Shipping: Indian conglomerate historically combining bulk shipping, offshore services and logistics. Comparable integrated maritime-plus-logistics model to Seros Shipping and Logistics.
• Great Eastern Shipping (GE Shipping): Largest private-sector Indian shipping company operating a large fleet of bulk carriers and offshore support vessels. Comparable to Seros Shipping on coastal and offshore vessel operations.
• Tolani Bulk Carriers: Privately held Indian owner of dry bulk carriers transporting coal, limestone and similar cargoes along the Indian coast. Directly comparable to Seros's coastal bulk shipping unit.

Broad incumbents

• Halliburton: Global oilfield services major with a deep portfolio across drilling, hydraulic fracturing and well intervention. Directly comparable to Seros Well Services' hydraulic fracturing and coiled tubing offering.
• SLB (formerly Schlumberger): Global oilfield services leader with drilling, well services, completions and digital offerings comparable to Seros's Energy and Well Services divisions, but at vastly larger global scale.
• Shipping Corporation of India (SCI): India's largest public-sector shipping line with a diversified fleet including bulk carriers and offshore vessels. Overlaps with Seros Shipping's coastal and offshore tonnage but is much larger and broader in scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/seroslogistics
• Facebookfacebook.com/SerosLogistics

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 SEROS