Castrol India Limited is responsible for manufacturing and marketing industry as well as automotive lubricants in India and other foreign countries. This company is one of the foremost companies in the sector of industrial and automotive lubricants in the country.
This company is a part of the BP Group. BP Group has a shareholding of 51% in this company through one of its subsidiary companies by the name of Castrol Limited UK.
In India, the company has three manufacturing units, one in Patalganga and the others in Silvassa and Paharpur. It has a network consisting of 105, 000 retail outlets and 420 distributors. This company provides greases, engine oil, transmission fluids, coolants, antifreeze and other products for multiple types of vehicles like scooters, cars, trucks, motorcycles, and buses besides other industrial sectors. The company is in Mumbai, Maharashtra and was founded back in 1910.
About Company Information:
In 1982, Castrol India Ltd turned in to a public company. The company went on to set up brake fluid and blending plant in Patalganga. The lube oil plant along with the brake fluid plant was then custom-built in 1985. In the following year, the company sanctioned to set up the second unit for lube refining plant.
On the 1st of November, 1990, the company was renamed from Indrol Lubricants & Specialities Limited to what is now known as Castrol India Ltd. Two years later in 1992, the company saw a merger from Indtech Speciality Chemicals. In 1997, Castrol India signed a pact with Maruti Udyog, which was back then India’s largest car producer. Three years later in 2000, new products were launched by the company, named as Castrol Activ 4T and GTX Magnetic.
Later in 2002, CRB Turbo Oil was launched by Castrol India Ltd for the new age vehicles that fell into the turbocharged category. A range of incorporated marketing plan was laid out by the company following this event. In the following year, the company ventured into the motorcycle servicing business. It then launched the PrimaZona franchisee workshop.
The company signed a distribution agreement with Essar Oil in December of the year 2004. This partnership was aimed at selling the lubricants from Castrol through multiple Essar outlets in the country. In October of 2007, for the purpose of supplying High-Performance lubricants for vehicles, the company allied with Volvo Cars India. Castrol BikeZone was launched by the company in Kukatpally Housing Board by the company in 2008.
In 2010 the company launched two different series, protector and advance performance for multiple vehicle segments. In 2011, the first engine oil with new grinding fluids was also launched by the company based on the latest performance additives of technology.
In 2014, the company partnered with Triumph Motorcycles in India. In the following year, the company participated in the Bloodhound Project. This project was aimed at offering hydraulic fluids, brake, and lubricants belonging to the high-performance category. On the 26th of September, 2016, 8.5% of the shares that Castrol Limited held in Castrol India Ltd was sold to foreign and domestic investors.
On the 21st of September in 2016, Castrol India Limited signed an agreement with Tata Motor. This was a strategic partnership aimed to help both companies grow forward together. Castrol India’s lubricants were promoted by Tata for supply in gear oils, ancillary goods, engine oils, and transmission fluids.
On the 4th of July 2017, the company it had successfully passed on the tax rate change that brought about a price difference following the Goods and Service Tax that was introduced at current times. The Board of Directors of the company Castrol India met on the 7th of November the same year and proposed on providing one bonus share per existing equity share that the company had on record at the time. The company has several brands for selling its products including the Castrol GO, Castrol Activ, Castrol TRANSMAX and several others.
How Castrol India Ltd, is categorised as Petrochemicals Sector, and Lubricants Industry :
Petrochemical Sector plays an essential role in economic growth and expansion of the manufacturing sector. The value addition in the petrochemical industry is more leading than most of the other industry divisions. The Petrochemical industry, which began in India in the 1970s, registered accelerated growth in the 1980s and 1990s. The petrochemical industry mainly comprises of polymers, Synthetic Rubber (elastomers), synthetic fibre/yarn, performance plastics and plastic processing industry and Synthetic detergent intermediates. Today, petrochemical is included in our daily use items and cover nearly every sphere of life like furniture, automobiles, clothing, housing, construction, household items, horticulture, agriculture, irrigation, medical appliances, electronics, packaging, and electrical etc.
Castrol India Ltd, is categorised as Petrochemicals Sector, and Lubricants Industry. Lubricants play a significant role in the industrial and commercial sectors such as aviation, manufacturing, automotive, and marine. The rising consumer inclination towards the high quality synthetic automotive lubricants is a dominant factor driving the growth of the lubricant industry market.
Castrol India Ltd, Competitors and Sector Peers:
Continental Petroleums Ltd. CONTPE
GOCL Corporation Ltd. GULFOI
Gulf Oil Lubricants India Ltd. GULF
Iccon Oil & Specialities Ltd. ICCOIL
Maximus International Ltd. MAXIIN
Motorol Speciality Oils Ltd. MOTSPE
Olympic Oil Industries Ltd. OLYOIL
Tide Water Oil Company India Ltd. TIDWAT