India

8,489 Employees

THIRD-PARTY REVENUES

$1,339,278,994

RELATED-PARTY REVENUES

$725,087,159

TOTAL REVENUES

$2,064,366,153

PROFIT BEFORE TAX

$60,647,934

TAX PAID

$45,716,997

TAX ACCRUED

$47,719,127

TANGIBLE ASSETS

$1,108,007,668

STATED CAPITAL

$1,002,844,970

ACCUMULATED EARNINGS

$191,491,454

Main Business Activities

  • Upstream and Integrated Gas
  • New Energies
  • Downstream
  • Trading and Supply
  • Other support activities

Shell has been present in India for almost 27 years, mostly in downstream activities through Shell India Markets Private Ltd. In 2008, Shell started its business operations and Projects & Technology activities. In 2019, Hazira Port Private Ltd. and Shell Energy India Private Ltd. (formerly known as Hazira LNG Private Ltd.) became 100% Shell owned with activities in Integrated Gas and Trading and Supply. Shell in India has an interest in companies operating in solar power, electric-vehicle charging and biofuels. Shell is also present in India through a non-Shell-operated venture in Downstream, Shell MRPL Aviation Fuels and Services Ltd. (Shell interest 50%) and Tiki Tar and Shell India Private Ltd. (Shell interest 50%). 

In 2019, Shell ended its 25-year production-sharing contract between BG Exploration and Production India Ltd. and the Government of India and sold its 10% shareholding in Mahanagar Gas Limited.

Country Financial Analysis

The statutory corporate income tax rate for domestic entities in India is between 25% and 30% depending on type of business activity, profits and whether exemptions and deductions are claimed. The effective tax rate for foreign entities, for example BG Exploration and Production India Ltd., is 43.68%.

Tax paid during the year relates to profits arising from business activities, including on services rendered through Shell Business Operations and Projects & Technology operations.
Shell claims tax exemption for its Shell Business Operations relating to information technology activities as it is located in a special economic zone.
Our Payments to Governments Report for 2019 also shows that Shell paid around $251.2 million in and .

Production entitlement
This is the host government’s share of production. It includes the government’s share as a sovereign entity or through its participation as an equity or interest holder in projects within its home country.
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Royalties
Royalties are generally payment due for the use of an asset. Mineral royalties are payments to governments or other owners for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken. See also Trademark royalties.
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