India

Employees

10,722

Total tax contribution

$312,814,479

Taxes borne

$33,625,954

Taxes collected

$279,188,525

• Third-party revenues

  $1,732,973,427

• Related-party revenues

  $1,457,506,139

• Total revenues

  $3,190,479,567

• Profit before tax

  $88,112,391

• Corporate income tax paid

  $24,793,478

• Corporate income tax accrued

  $62,861,177

• Stated capital

  $1,711,365,873

• Accumulated earnings

  $328,861,243

• Tangible assets

  $2,469,240,239

• Other payments to governments

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Shell's footprint

Shell has been present in India for almost 30 years, mostly in downstream activities through Shell India Markets Private Limited. In 2008, Shell started its Business Operations and Projects & Technology organisations. Hazira Port Private Limited and Shell Energy India Private Limited (both wholly owned by Shell) are engaged in integrated gas and trading and supply activities. Shell in India also 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 now decommissioning its production facility.

In 2022, Shell acquired Solenergi Power Private Limited, Mauritius, and with it, the Sprng Energy group of companies. Sprng Energy Private Limited is a leading renewable energy platform in India which develops and manages solar and wind power facilities and infrastructure.

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%. Corporate income tax paid during the year relates to profits arising from business activities, including services rendered through Shell Business Operations and the Projects & Technology organisation. Shell claims a tax exemption for its Shell Business Operations information technology activities as they are located in a special economic zone.