Aakash Exploration Services is a mobile toolkit for India’s oil and gas producers - it arrives at a well after the drilling rigs leave, deploying a fleet of specialised trucks and units to coax out more oil, clear blockages and keep the field flowing. The company began in 2006 as a family-run road-transport firm, M/s Aakash Roadlines, before the three promoter-brothers converted it into an oilfield-services company in 2007, taking the same fleet-management DNA and applying it to the upstream energy sector. Everything it does follows a single recurring logic: own the mobile equipment, hire it out with the crew, and get paid by the job - a capital-equipment business dressed as a service. # Business segments A single engine - a fleet of mobile oilfield service units deployed on a rental and chartered-hire basis to keep India’s producing wells running, serving a handful of large upstream operators. ## 1. Production-stage oilfield services: the mobile toolkit that keeps wells flowing **The company owns a fleet of roughly a dozen types of truck-mounted and mobile units - from workover rigs to steaming units - and deploys them on contract to oil producers for the maintenance, stimulation and enhancement of wells that are already producing.** - **Workover and well repair** - when a producing well slows or stops, the company’s mobile workover rigs (including 50-tonne units) pull out the old downhole equipment, clear blockages and put the well back into production, extending its useful life. - **Heating and steaming to loosen thick oil** - its mobile steaming units (IBR-approved, meaning they meet boiler safety standards) and hot-oil circulation units pump heat into the wellbore so that heavy, viscous crude becomes thin enough to flow, a critical step in many of India’s mature fields. - **Pumping and pressure services** - high-pressure and low-pressure mobile pumping units, along with acid-pumping and fracturing (frac) tanks, are used to stimulate the reservoir by forcing fluids into the rock at pressure, cracking it open so oil and gas can move more freely. - **Gas handling at the wellhead** - mobile high-pressure air compressors and gas-dehydration units treat and compress the gas that comes up alongside the oil, removing water so the gas can be moved into pipelines without corroding them. - **Surface hole drilling** - a mobile down-the-hole (DTH) rig drills the shallow, wide-diameter top section of a new well before the main drilling rig takes over, meaning the company touches the very start of the drilling sequence even though its core work is post-drilling. # Group structure and partners **A standalone, promoter-led company with no subsidiaries, no joint ventures and no foreign partners - the three Haria brothers run the operation directly.** - The company has no subsidiary, associate or joint venture as of March 2025, having sold its only wholly owned subsidiary - DIL Venture Oil and Gas Private Limited, which was incorporated in December 2023 but never commenced operations - during FY25. - A promoter-group entity, Haria Oil Field Services Limited, was voluntarily struck off and dissolved in June 2024; it held no shares in AESL. - The three promoter-directors - Vipul Haria (Chairman & Managing Director), Hemang Haria (Whole Time Director & CFO) and Krunal Haria (Whole Time Director) - collectively held roughly two-thirds of the company as of FY22, with other family members holding smaller stakes. - The company has no foreign investments, no collaborations and no ESOP scheme, and it has never accepted public deposits.