WELLRX TECHNOLOGIES PRIVATE LIMITED

In their own words

Oilfield E&P sector is one area where India has not seen any Start-up. This is mostly because this sector is capital intense and the sector specific knowledge, expertise is not readily available. We are a small group of highly motivated individuals who wish to challenge the status-quo and become a successful Start-up in Oilfield Services sector. The small team we have has a "combined" knowledge and experience of over 45 years in oilfield services, design, field operations, manufacturing and business development. Oil and Gas operators in India (like ONGC, OIL India, Vedanta etc) have to purchase a lot of goods and services from the suppliers out of India because Indian suppliers have not been able to match up with R&D of the global players, specially in the products and services where only technology can handle the challenges of Oilfield environment. We as "WellRx" have determined to make sure that by 2023-2025, we will be able to meet a substantial technology (products and services) of Oil and Gas companies. Not only in India but export as well. We will achieve this by implementation of Artificial Intelligence, Machine Learning and other platforms for: Design Optimization, Field Failure Optimization, Minimizing Component Rejection Ratio while manufacturing, Testing and Validation Optimization. This will give a substantial boost to availability of technology to Oil and Gas companies in India and will help in job and wealth creation out country. This is the foundation on which we aim to build our start-up.

Written by the company on its public Startup India profile. Not verified by us.