Sun Petrochemicals
Sun Petrochemicals is a privately held Mumbai-based Indian energy company founded in 1995, providing oil and gas seismic data acquisition services and developing 2.12 GW of pumped storage hydropower projects in Bihar alongside GreenCo Energies.
- Company typePrivate
- Founded1995
- HeadquartersMumbai, India
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Sun Petrochemicals does
Sun Petrochemicals (Sun Petrochemicals Pvt. Ltd.) is a privately held Indian energy and chemicals company headquartered in Mumbai, founded in 1995 and operating with 251-500 employees. Its public-facing identity combines a legacy footprint in acetylene and carbon products with two active operational lines: oil and gas seismic data acquisition services and pumped storage hydropower project development. The company runs an enterprise field-sales go-to-market, targeting government-owned power generation utilities and oil and gas exploration companies.
In oil and gas, Sun Petrochemicals delivers high-resolution seismic survey services using Sercel's WiNG 3C nodal seismic system with QuietSeis MEMS technology, enabling cable-free data acquisition and marking India's first 3C MEMS nodal seismic survey at the Khushi Oilfield in Gujarat. Revenue is generated through professional-services contracts for reservoir characterization and monitoring. In energy infrastructure, the company has been selected alongside GreenCo Energies by Bihar State Power Generation Company Ltd. to develop 2.12 GW of closed-loop pumped storage hydropower projects in Nawada district, Bihar, with a combined INR 13,000 crore (~USD 1.55B) investment commitment, expected to create approximately 8,000 construction-phase jobs. The company's revenue model in hydropower centers on long-cycle managed services and project development fees tied to grid-stability and peaking power generation.
Leadership comprises Dilip Shanghvi as founder, Vishal Mehta as CFO, and Padam Singh as President and Head of E&P. The firm serves a narrow set of named anchor customers (Khushi Oilfield for seismic; Bihar State Power Generation Company Ltd. for hydropower), and its expansion pivot from chemicals and oilfield services toward large-scale renewables-adjacent infrastructure is the principal strategic theme across 2025-2026 disclosures.
Sun Petrochemicals firmographics
Firmographics- Name
- Sun Petrochemicals
- Legal name
- Sun Petrochemicals Pvt. Ltd.
- Website
- https://sunpetro.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Sun Petrochemicals is a privately held Mumbai-based Indian energy company founded in 1995, providing oil and gas seismic data acquisition services and developing 2.12 GW of pumped storage hydropower projects in Bihar alongside GreenCo Energies.
- Ownership category
- akta.pro rank
Sun Petrochemicals industry classification
Industry- Product category
- Energy Infrastructure Services
- NAICS
- Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (213)
- SIC
- Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Pumped Storage Hydropower (PSH) (New Build, Expansion, Conversions) (EUAMADAJ)
- akta.pro secondary industry
- Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)
Keywords
Where Sun Petrochemicals is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Markets served
Sun Petrochemicals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel
Revenue model
- Pumped Storage Hydropower Project Development: Sun Petrochemicals develops large-scale pumped storage hydropower projects in partnership with state government entities. Revenue is generated through project development, construction, and likely long-term power generation or development fees.
- Seismic Survey Services: Provides seismic data acquisition services for oil and gas exploration using advanced nodal systems. Revenue is generated through service contracts for reservoir characterization and monitoring.
Go-to-market motion1 record
Sun Petrochemicals product offering
Product offeringCore offering
Sun Petrochemicals provides seismic data acquisition services for oil and gas reservoir characterization using advanced 3C MEMS nodal technology, and develops large-scale pumped storage hydropower projects in partnership with government entities for grid reliability and peaking power generation in India.
Product overview
Sun Petrochemicals is an energy infrastructure company offering specialized services in two distinct areas: (1) seismic data acquisition services for oil and gas reservoir characterization using advanced 3C MEMS nodal technology, and (2) large-scale pumped storage hydropower project development for grid reliability. The company operates in India's energy sector, partnering with technology providers like Sercel for seismic equipment and collaborating with government entities and other developers for hydropower projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Seismic Data Acquisition Services
- Pumped Storage Hydropower Development
Quantifiable outcome
- First 3C MEMS nodal seismic survey in India enabling superior reservoir characterization
- +2 more outcomes
Companies that use Sun Petrochemicals
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Sun Petrochemicals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Sun Petrochemicals partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and major.
- SercelcoreSercel, a geophysical equipment company, has partnered with Sun Petrochemicals to provide its WiNG 3C nodal seismic system for India's first 3C MEMS nodal seismic survey at Gujarat's Khushi Oilfield. The partnership enables cable-free, high-resolution seismic data acquisition using QuietSeis MEMS technology for improved reservoir characterization and monitoring.
- GreenCo EnergiesmajorGreenCo Energies and Sun Petrochemicals were jointly selected by Bihar State Power Generation Company Ltd. to develop 2.12 GW of pumped storage projects in Nawada district. Both developers will implement closed-loop systems using water from local rivers, with a combined investment of INR 13,000 crore.
- Bihar State Power Generation Company Ltd.majorBihar State Power Generation Company Ltd. selected Sun Petrochemicals (alongside GreenCo Energies) to develop 2.12 GW of pumped storage projects in Nawada district. The project represents a significant government contract for infrastructure development supporting grid reliability in northern India.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
Sun Petrochemicals competitors and assessment
Company assessmentBroad incumbents
- Greenko Group: Indian renewable energy IPP with significant pumped storage ambitions (e.g., Pinnapuram integrated renewable-energy-storage project); a competing PSH developer and natural counterpart for state-level storage concessions.
- Tata Power: Large Indian integrated power company with a growing renewables and pumped storage portfolio; competes with Sun Petrochemicals for Indian PSH and grid-scale energy storage opportunities.
- Schlumberger (SLB): Largest global oilfield services provider offering geophysical acquisition and reservoir characterization; competes with Sun Petrochemicals in seismic services as a broad incumbent with deep R&D and global reach.
- NHPC Limited: India's largest hydropower developer and a leading pumped storage developer; competes with Sun Petrochemicals for state and central PSH tenders and brings a much larger balance sheet and project pipeline.
- SJVN Limited: Major Indian hydropower and pumped storage developer actively building multi-gigawatt PSH portfolios; competes with Sun Petrochemicals for state-level pumped storage concessions.
Others
- ONGC: India's largest upstream oil & gas operator and a primary consumer of seismic acquisition services; comparable not as a competitor but as a key potential customer for Sun Petrochemicals' reservoir-characterization services.
Direct peers
- GreenCo Energies: Joint-venture co-developer selected with Sun Petrochemicals by Bihar State Power Generation Company Ltd. for the 2.12 GW Nawada pumped storage project (INR 13,000 crore combined investment), making it the closest direct peer in the Indian PSH development segment.
- CGG: Global geophysical services company providing seismic data acquisition and reservoir characterization to oil & gas operators; competes with Sun Petrochemicals' seismic services line for upstream E&P survey contracts.
- BGP (CNPC): One of the world's largest land-based seismic acquisition contractors and a Sercel-equivalent technology operator; competes with Sun Petrochemicals in the seismic survey services market and on multi-client reservoir characterization projects.
- TGS: Provider of multi-client seismic data and subsurface imaging services for oil & gas exploration; directly comparable to Sun Petrochemicals' seismic acquisition business and target customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Sun Petrochemicals social profiles
Digital presenceSun Petrochemicals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sun Petrochemicals leadership team
Management profileNumber of profiles
Profiles3 records
Sun Petrochemicals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sun Petrochemicals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sun Petrochemicals
What does Sun Petrochemicals do?
Sun Petrochemicals provides seismic data acquisition services for oil and gas reservoir characterization using advanced 3C MEMS nodal technology, and develops large-scale pumped storage hydropower projects in partnership with government entities for grid reliability and peaking power generation in India.
Is Sun Petrochemicals a public or private company?
Sun Petrochemicals is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Sun Petrochemicals founded?
Sun Petrochemicals was founded in 1995. It employs 251 to 500 people.
Where is Sun Petrochemicals based?
Sun Petrochemicals is headquartered in Mumbai, India, in the Asia region.
How does Sun Petrochemicals make money?
Two revenue lines are on record. Pumped Storage Hydropower Project Development is the primary driver. The others are seismic Survey Services.
Who are Sun Petrochemicals's main competitors?
Broad incumbents on record are Greenko Group, Tata Power, Schlumberger (SLB), NHPC Limited and SJVN Limited. ONGC is listed as an others. Direct peers are GreenCo Energies, CGG, BGP (CNPC) and TGS.
Does Sun Petrochemicals have an API?
No public API is recorded for Sun Petrochemicals.
What industry is Sun Petrochemicals in?
Sun Petrochemicals's product category is Energy Infrastructure Services. Its primary akta.pro industry code is EUAMADAJ, Pumped Storage Hydropower (PSH) (New Build, Expansion, Conversions), with a secondary code of EUALABAK, Seismic & Geoscience Services (Acquisition, Processing, Interpretation). Its NAICS code is 541360 and its SIC code is 1382.