The Company was incorporated in the year 1991. We provide Air 
 and Gas Compression Services to Oil & Gas Exploration Companies. 
 We currently compete primarily in the market for transportable
 natural 
 gas compression units of upto 2400 HP. We also provide transportation
 
 services for transport of liquid. However, we have gradually moved
 from 
 a liquid transport service provider to compression service providers.
 The 
 current primary activity of our company includes providing
 Compression 
 services to our clients.
 
 HISTORY AND MAJOR EVENTS
 
 The Key events in the business of our company are as follows:
 
 Year    Milestone Achieved
 
 1991   Commenced activities of providing liquid transportation
 services
 1994   Strategic shift from providing Crude Oil/Liquid transport
 services 
            to providing Air/Gas Compression Services
 1994   Bagged contract to provide High Pressure Air Compressors on 
            charter hire basis to ONGC, for its Ahmedabad project
 1997   Bagged contract to provide Natural Gas Compressors on charter
 
            hire basis to ONGC, for its Mehsana project
 1998   Bagged contract to provide Natural Gas Engine based power 
            generation packages on charter hire basis.
 2001   Entered into Gas Compression Equipment Lease and Service 
            Agreement with Hanover Asia Inc., USA for taking on lease
 Gas 
            Compressors.
 2004   Entered into Sales Representation Agreement with Valerus 
            Compression Services Limited Partnership, USA to act as
 Sales 
            Representatives in the Asian Region.
 2005   Purchased one 100 Ton Cardwell KB 500 S Axle Mobile Rig as a 
            step towards becoming an integrated service provider to
 the Oil & 
            Gas Sector.
 2005   Awarded ISO 9001 – 2000 certification.
 2005   Awarded as a contractor member in good standing by
 International 
            Association of Drilling Contractors (IADC)
 2006   Entered in to Memorandum of Understanding with PT Indrillco
 Bakti, 
            Jakarta, Indonesia for availing technical
 know-how/collaboration in 
            connection with work over services for 30 to 200 Ton
 capacity Rigs.
 
 2008
 
 -Deep Industries Ltd has been awarded the contract from Chennai
 Petroleum Corporation Ltd for compression of natural gas at
 Kamalapuram for Five years. The value of the contract is Rs 103
 Million.