India
9,824 Employees
-
Third-party revenues
$1,382,734,330
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Related-party revenues
$909,220,996
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Total revenues
$2,291,955,326
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Profit before tax
$109,387,646
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Tax paid
$4,002,405
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Tax accrued
$48,115,759
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Tangible assets
$1,379,332,368
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Stated capital
$1,348,099,700
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Accumulated earnings
$211,953,717
Main business activities
- Upstream
- Integrated Gas
- Renewables and Energy Solutions
- Downstream
- Trading and Supply
- Other support activities
Shell’s footprint
Shell has been present in India for almost 29 years, mostly in downstream activities through Shell India Markets Private Limited. In 2008, Shell started its business operations and Projects & Technology activities. In 2019, Hazira Port Private Limited and Shell Energy India Private Limited (formerly known as Hazira LNG Private Limited) became 100% Shell-owned with integrated gas and trading and supply activities. Shell in India has interests in companies operating in downstream, solar power, electric vehicle charging and biofuels. In 2019, the 25-year production-sharing contract between Shell’s BG Exploration and Production India Limited (BGEPIL) and the government of India ended. BGEPIL is carrying out decommissioning activities.
Country financial analysis
The statutory corporate income tax rate for domestic entities in India is between 25% and 30%, depending on the type of business activity, profits and whether tax exemptions and deductions offered by India are claimed. The effective tax rate for foreign entities, such as BGEPIL, is 43.68%. Tax paid during the year relates to profits arising from business activities, including services rendered through Shell Business Operations and Projects & Technology. Shell claims tax exemption for its Shell Business Operations relating to information technology activities as they are located in a Special Economic Zone.
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