CASTROL INDIA LIMITED

INTRODUCTION: It is a public company founded in the year 1910. It is a part of the Castrol UK ltd. which in turn is a part of the BP group (British Petroleum). It is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 22% market share in the overall Indian lubricant market. It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets. Castrol India started operations in 1910 after it started importing certain automotive lubricants. It was earlier known as Indrol Lubricants & Specialties Pvt. Ltd. but changed to Castrol India Limited in 1990. The company went public in 1982 after it was listed on BSE. It is headquartered in Mumbai.

The various products that are produced by Castrol India Limited are: 1) Industrial 2) Oils

Industrial Products would include Castrol metalworking fluids, cleaners, corrosion preventives and lubricants. These products have their application in several industries. The Oil products would include Cylinder oils-crosshead, crancase oils-crosshead, truck piston engine oils, hydraulic oils, gear oils, compressor oils, turbine oils etc.

Current Scenario: The company is in a secure position. Interestingly, though the company has witnessed a drop in oil volume sales of around 8% over the past 6 years, its sales have grown considerably. Basically, their sales per liter of Engine oils sold is going up. It also implies the shift in the oil industry in India as it is moving towards more expensive variants of oil.