As India’s population continues to grow, there is an increase in their daily demands. These demands are fulfilled sufficiently by new technological developments. There have been many improvements in the existing machinery for better large-scale production of articles and resources. Some materials that are consistently in high demand in the industrial sector include oil, gas, lubricants, etc.
Growing industrial advancements and the demand for industrial machinery and lubricants go hand in hand. Lubricants are substances that reduce friction between two or more moving parts of a machine. They also help reduce the wear and tear of the machinery, thus adding more years to its shelf-life. Depending on the requirements, lubricants are available and used in solid, liquid, or gaseous forms. The use of any lubricant depends on certain factors like its cost, compatibility with the machinery, durability, and components involved.
India is a large consumer of lubricants and is the world's third-largest lubricant market. Thus, it has a large lubricant industry itself, with many reputed household names. Let us know more about the top lubricant manufacturers in India.
1. Castrol India Limited
- Location: Regional office – Mumbai; plants – Paharpur, Silvassa, and Patalganga
- Offerings: Corrosion preventives, cleaners, trunk piston engine oils, hydraulic oils, gear oils, turbine oils, refrigeration oils, heat transfer oils, and greases
Castrol India Ltd. is one of the most famous lubricant manufacturers in India. Established in 1910, it is the second-largest industrial lubricant and automotive manufacturer in India. It owns approximately a 20% market share of India’s vast lubricant market.
Castrol India Ltd. started its journey by importing lubricants from C. C. Wakefield & Company. It is under Castrol Limited UK. Due to the significant demand, Castrol India Ltd. has five manufacturing industries in a close-knit network with more than two hundred distributors. The revenue of Castrol India is Rs. 3,877 Cr, and ROE is 64.81%. Its famous brands include Castrol Activ, Castrol Power1, Castrol GTX, Castrol MAGNATEC, Castrol EDGE, Castrol CRB Turbo, Castrol VECTOR, and Castrol Go!
2. Gulf Oil Lubricants India Limited (GOLIL)
- Location: Pan-India
- Offerings: Hydraulic oils, marine oil, diesel engine oils, stationary gas turbine oil, transformer oil and greases, turbines, gears, rust preventives, thermic fluid, industrial cleaners, axle and transmission, compressor and refrigeration, etc.
Gulf Oil Lubricants was established in 1913 in Pittsburgh, USA. Over these 100 years, it has made a mark in the lubricant industry. It is spread over a vast network, with over 100,000 employees, and aims to expand the web in the coming years. It is actively present in over 100 countries and has a direct presence across 38. Its logo represents superior products and technical excellence.
GOLIL is under the Hinduja Group, one of India's leading well-diversified, transnational, multi-billion-dollar conglomerates. Its product quality is unmatched and is in accordance with the Bureau of Indian Standards (BIS), the American Society for Testing and Materials (ASTM), and other Global Standards. It supplies its products directly to many state and government undertakings. It has a revenue of Rs. 1,760 Cr and an ROE of 33.74%.
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3. Tide Water Oil Co (I) Limited
- Location: Main office – Kolkata, West Bengal; R&D centers – Mumbai and Chennai
- Offerings: Engine oils, gear oil, transmission oils, coolants, lubricants, heat transfer oils, and greases
Tide Water Oil Co (I) Limited has been reviewed as one of the top lubricant manufacturers in India since 1928. The company has spread its network to every corner of India and is trusted by thousands of customers. Their vast grid of industries has over fifty distributors and over 600 direct dealers, servicing over 50,000 retail outlets. Tide Water Oil’s R&D centers are approved by the DSIR (Department of Scientific & Industrial Research, under the Ministry of Science and Technology). It manufactures and markets the Veedol brand of lubricants. Tide Water Oil’s revenue is Rs. 1,381 Cr, and the ROE is 15.02%.
4. Panama Petrochem Limited
- Location: Manufacturing units – Ankleshwar, Dahej, Daman, and Taloja
- Offerings: Paraffin oil, petroleum jelly, lubricants, waxes, and automobile oils
Panama Petrochem Ltd was established in March 1982. It was initially a private company but became public in 1993. It is one of the finest lubricant manufacturers in India and has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has spread its net wide and made waves in the international market. It exports to countries like the USA, UK, Middle East countries, etc.
Panama Petrochem Ltd. creates more than eighty products. Instead of using general base oils, it uses Hydrotreated and Hydrocracked Base Oils, which have better performance and high quality. It has a revenue of Rs. 1,203 Cr and an ROE of 13.21%.
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5. Shell India Markets Private Limited
- Location: Karnataka, Tamil Nadu, Telangana, Maharashtra, Gujarat, and Assam
- Offerings: Greases, compressor oils, gear oil, transmission oils, lubricants, aviation lubricants, industrial and construction hydraulic fluids, etc.
Established in 1907 in London, Shell is among the most popular lubricant manufacturers in India. It is a petrochemical company with its initial headquarters in The Hague, Netherlands. Shell has created a substantial global impression with more than forty thousand stations worldwide. Shell has more than 8500 workers in India with a market presence in Karnataka, Tamil Nadu, Telangana, Maharashtra, Gujarat, and Assam. Its main aim is to meet the country's energy demands in the coming years. It also plans to spread its network of fuel stations across India.
6. Valvoline Cummins Private Limited India
- Location: Business office – Gurgaon, Haryana
- Offerings: Gear oils, automobile oils, engine oils, lubricants, greases, etc.
Established in 1866, Valvoline Cummins Pvt. Ltd. is among the initial lubricant manufacturers in India. It is a 50:50 joint venture between Valvoline International Inc. USA and Cummins India Ltd. As per annual reports, Valvoline Cummins Pvt. Ltd. India is among the most flourishing lubricant businesses in the country. It has an active unit for over four hundred workers in India. Also, it has over 450 distributors, 50,000 resellers, and 2,000 direct customers. The company aims to remain ahead of the country's demands by modes of innovation and power.
This was a low-down into the top lubricant manufacturers in India, their establishment history, products, and mission. The number of lubricant businesses in the country is witnessing a surge due to its increased demands. Now that most work is machine-operated, the lubricants sector has also increased. These top lubricant manufacturers in India offer oils and lubricants of varied types and classifications, per the industry’s or individual’s requirements.
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Q. What is meant by a lubricant?
Ans. Lubricants are substances that reduce friction between two or more moving parts of a machine.
Q. Why are lubricants used?
Ans. Lubricants are used to reduce friction between parts of industrial machinery. They thus reduce the wear and tear of the machinery, adding more years to its shelf-life.
Q. Which are some of the top lubricant manufacturers in India?
Ans. Some of the top lubricant manufacturers in India include Gulf Oil Lubricants India, Castrol India Limited, Panama Petrochem Limited, etc.
Q. How are lubricants classified?
Ans. Lubricants can be classified based on their state:
- Solid: graphite, polytetrafluorethylene
- Liquid: emulsions, mineral oils
- Gas: nitrogen, helium
Q. What is the market capitalisation of Castrol India Limited?
Ans. The market capital of Castrol India Limited is Rs. 14,372 Cr.
Q. What are some of the products by Valvoline Cummins India?
Ans. Valvoline Cummins is known for its wide range of engine oils, gear oils, lubricants, automobile oils, grease, etc.
Q. Why does Panama Petrochem use Hydrotreated and Hydrocracked Base Oils?
Ans. Panama Petrochem Ltd. uses Hydrotreated and Hydrocracked Base Oils in place of general base oils for better performance and higher quality.
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