Caspian Services, Inc.
Caspian Services, Inc. is a Nevada corporation originally incorporated on 14 July 1998 as EMPS Corporation and renamed Caspian Services, Inc. in July 2005, following the company’s 2002 acquisition of Caspian Services Group Limited. Its operations were based in Almaty, Kazakhstan, where the company provided oilfield services to the oil and gas industry in the Caspian Sea region of western Kazakhstan through three segments: Vessel Operations (chartering shallow-draft offshore support vessels), Geophysical Services (onshore 2D/3D seismic surveys) and Marine Base Services (operating a marine base with boat-repair and drydocking facilities at the port of Bautino on the North Caspian Sea).
Caspian Services, Inc. was a reporting company with the U.S. Securities and Exchange Commission (CIK 1093430) and traded over the counter under the ticker CSSV. For the fiscal year ended 30 September 2014, the last annual report it filed before deregistering, the company reported segment revenue of approximately $16.8 million (Vessel Operations), $13.2 million (Geophysical Services) and $6.9 million (Marine Base Services), with roughly 509 employees. That filing’s auditors expressed substantial doubt about the company’s ability to continue as a going concern, citing approximately $97 million owed to two creditors and negative working capital of $85 million.
On 26 August 2016, Caspian Services, Inc. filed a Form 15-12G with the SEC, terminating its registration and periodic reporting obligations. Kazakhstan Stock Exchange (KASE) listing records confirm its securities are not currently listed there, and public OTC quote data show no recent trading activity, consistent with a dormant public listing rather than a currently operating going concern. Its former corporate website domain no longer displays company content. The corporate office of record is 2319 Foothill Drive, Suite 160, Salt Lake City, Utah.
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- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of Caspian Services, Inc.
The Kazakhstan Ministry of Justice registry entry linked to this profile (company ID 1170057280) does not return shareholder records, since Caspian Services, Inc. is the Nevada-incorporated parent company rather than a Kazakhstan-registered entity; its shareholder base was historically disclosed through U.S. SEC filings made while it was an SEC reporting company (2005-2016), not through the Kazakhstan registry.
The most recent verified beneficial-ownership disclosure identified is a Schedule 13D filed with the SEC on 27 June 2011 by Bakhytbek Baiseitov, a Kazakhstan citizen resident in Almaty and chairman of JSC Bank CenterCredit, reporting sole voting power over 9,398,334 shares of common stock (17.9% of the class), acquired through convertible facility agreements (the Altima and Great Circle facilities, convertible at $2.30 per share). A subsequent Loan Consolidation and Restructuring Agreement dated 31 July 2011 between the company and Baiseitov provided for the issuance of up to 90,000,000 additional restricted shares to him as part of a debt-for-equity restructuring; later SEC filings referenced a stake of 12.74% for Baiseitov, but the exact post-restructuring percentage could not be confirmed from the sources reviewed for this profile.
No SEC beneficial-ownership filings (Schedule 13D/13G) were identified after 2011-2014, and the company deregistered from SEC reporting in August 2016, after which no further public disclosure of its shareholders is available.
Data availability
Historical: the only verified shareholder information available relates to SEC filings made between 2011 and 2014, before the company’s August 2016 SEC deregistration. No current shareholder register is publicly available.
Sources
- SEC EDGAR, Schedule 13D (Bakhytbek Baiseitov), filed 27 June 2011, retrieved 10 September 2026 – https://www.sec.gov/Archives/edgar/data/0001093430/000103883811000167/sch13d.htm
- SEC EDGAR, Loan Consolidation and Restructuring Agreement exhibit, filed 2011, retrieved 10 September 2026 – https://www.sec.gov/Archives/edgar/data/1093430/000103883811000356/ex1sch13dano2.htm
Officers
3
Directors and officers of Caspian Services, Inc.
Company records show three officers with an active work status: Mirgali Kunayev (Chairman of the Board), Alexey Kotov (CEO, President, General Counsel, Corporate Secretary, Treasurer and Executive Director) and Indira Kaliyeva (CFO and VP). No former or resigned officers are recorded in the available data, and appointment or resignation dates are not disclosed in the source record.
Independent secondary sources corroborate these names and roles, and are consistent with the company’s SEC filing history, which records that Kunayev has chaired the board since Caspian Services, Inc.’s 2002 acquisition of Caspian Services Group Limited, after earlier serving as the company’s CEO and President from 2002 to 2005. Nationality is not officially disclosed for any of the three officers in the available records. Addresses on file are recorded only at country level (Kazakhstan) and should be treated as correspondence addresses, not confirmed residences.
Data availability
Current only: the available data shows an active officer roster but does not disclose appointment dates, resignation history or officially confirmed nationality or residence. Because Caspian Services, Inc. deregistered with the SEC in August 2016, this officer information may not reflect the company’s current leadership.
Sources
- On-file registry data for Caspian Services, Inc. (company ID 1170057280), retrieved 10 September 2026
- Cross-referenced against company leadership descriptions in independent financial-data aggregators, retrieved 10 September 2026
Group Structure
Group structure of Caspian Services, Inc.
The Kazakhstan Ministry of Justice registry entry linked to this profile (company ID 1170057280) records no parent, subsidiary or ownership linkage. Historical SEC filings, however, show that Caspian Services, Inc. itself functioned as the ultimate parent of an operating group. Exhibit 21.1 to its FY2006 Form 10-KSB listed wholly owned subsidiaries including Caspian Services Group Limited, Caspian Geophysic Ltd. and Caspian Real Estate Ltd. (British Virgin Islands entities), and Kazakhstan-registered operating entities Kazmorgeophysica CJSC, Veritas Caspian LLP, CJSC Bauta, Bautino Development Company, Balykshi LLP and TatArka, LLP, with ownership stated at 100% unless footnoted otherwise. By fiscal year 2014, the company’s last filed 10-K described continued operation of the Balykshi marine base, in which the European Bank for Reconstruction and Development (EBRD) held a 22% equity interest in exchange for construction financing, and disclosed the August 2014 acquisition of Kyran Holding Limited’s stake in the MOBY joint venture.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Caspian Services Group Limited | British Virgin Islands | Not disclosed | Direct subsidiary | 100% (as of 2006) | Historical | 2006 |
| Kazmorgeophysica CJSC | Kazakhstan | Not disclosed | Direct subsidiary | 100% (as of 2006) | Historical | 2006 |
| Balykshi LLP | Kazakhstan | Not disclosed | Direct subsidiary | Majority; EBRD held a 22% equity interest | Historical | FY2014 (filed 2015) |
Recent structural changes
- August 2014: Caspian Services, Inc. acquired Kyran Holding Limited’s stake in the MOBY joint venture (source: FY2014 Form 10-K).
Data availability
Historical: the only verified group-structure information available predates the company’s August 2016 SEC deregistration. No current corporate-linkage data is publicly available, and the Kazakhstan registry entry for this profile shows no linkage at all.
Sources
- SEC EDGAR, Exhibit 21.1 to Form 10-KSB (FY2006), filed 2007, retrieved 10 September 2026 – https://www.sec.gov/Archives/edgar/data/0001093430/000103883807000029/ex21k093006.htm
- SEC EDGAR, Form 10-K (FY2014), filed 2015, retrieved 10 September 2026 – https://www.sec.gov/Archives/edgar/data/1093430/000103883815000004/k093014.htm
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Frequently Asked Questions
Who is Caspian Services, Inc.'s UBO (Ultimate Beneficial Owner)?
No Ultimate Beneficial Owner (UBO) data is recorded for Caspian Services, Inc.; access to beneficial-ownership data in this jurisdiction is governed by its own register rules.
Is Caspian Services, Inc. still an active company?
Caspian Services, Inc.'s status on Ministry of Justice / Bureau of National Statistics legal entity data is listed as active.
What is Caspian Services, Inc.'s registered address?
The registered address on file for Caspian Services, Inc. is Almaty, Kazakhstan.
Who are the officers/directors of Caspian Services, Inc.?
Three officers are currently on record for Caspian Services, Inc., filed with Ministry of Justice / Bureau of National Statistics legal entity data. Mirgali Kunayev serves as Chairman Of The Board; Alexey Kotov serves as Ceo, President, General Counsel, Corporate Secretary, Treasurer & Executive Director; Indira Kaliyeva serves as Cfo & Vp.
Can Zavia monitor changes to Caspian Services, Inc.'s ownership over time?
This profile reflects a point-in-time snapshot from Ministry of Justice / Bureau of National Statistics legal entity data. Zavia's monitoring API can track changes to Caspian Services, Inc.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Caspian Services, Inc.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Kazakhstan, so records like Caspian Services, Inc.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Ministry of Justice / Bureau of National Statistics legal entity data and was last synced on 13 August 2026.