What Castrol India does

Castrol India Limited is a publicly listed lubricant manufacturer (BSE: 500870; NSE: CASTROLIND) headquartered in Mumbai and operating in India for over 115 years since 1909, currently a subsidiary of the Castrol group that is itself majority-owned by BP plc (with BP's 65% parent stake agreed for sale to Stonepeak in December 2025). The company produces automotive and industrial lubricants through three blending plants, spanning core engine-oil brands (Castrol EDGE for premium passenger cars, Castrol GTX for four-wheelers, Castrol Activ for two-wheelers), industrial lubricants for manufacturing, mining, construction and fleet customers, and an expanding adjacent portfolio including EV transmission and thermal management fluids (with Ather Energy, Tata Motors, VinFast), data center immersion cooling fluids, RRBO engine oils built on re-refined base stock, and a Castrol Ultra Protect aesthetic care range.

Revenue is generated across four streams: automotive lubricants (engine oils, two- and four-wheeler lubricants sold via distributors and retail), industrial lubricants (B2B direct sales into manufacturing, mining, construction, fleet), specialty products (aesthetic care via retail and Amazon), and emerging EV/data-center fluids. The go-to-market operates across OEM-embedded partnerships for original equipment fill (Tata Motors, Ather, VinFast), a vast aftermarket distribution network exceeding 150,000 retail outlets with 43,000+ rural outlets across 9,000 villages, direct B2B industrial sales, and e-commerce. FY25 revenue was ₹5,721.5 crore (7% YoY growth) on 8% volume growth, with Q1 2026 revenue of ₹1,545 crore (+9% YoY); the business is debt-free, generates ~₹996 crore FCF, runs at 67% ROCE, and pays a 4.7% dividend yield. Leadership transitioned in 2025–2026, with Kedar Lele departing and Saugata Basuray appointed Managing Director from June 1, 2026.

Name

Castrol India

Legal name

Castrol India Limited

Website

https://castrol.co.in

Company type

Public

Founded year

1909

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Castrol India manufactures and sells automotive and industrial lubricants — including engine oils, EV fluids, and data center cooling fluids — serving OEMs, industrial customers, and a 150,000+ outlet distribution network across India.

Ownership category

akta.pro rank

Product category

Automotive Lubricants

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), Petroleum and Coal Products Manufacturing (324), Other Chemical and Allied Products Merchant Wholesalers (42469)

SIC

Miscellaneous Chemical Products (2890), Wholesale-Motor Vehicle Supplies & New Parts (5013), Wholesale-Chemicals & Allied Products (5160)

akta.pro primary industry

Automotive Lubricants & Fluids (IMAEAMAA)

akta.pro secondary industries

Industrial & Heavy-Duty Lubricants (IMAEAMAB), Used Oil Collection, Re-refining & Circularity (Waste Oil, Recycled Base Oils) (EUALAJAK), Retail & E-commerce Lubricants Sales (Auto Parts, Quick Lube, Online) (EUALAJAF), Lubricants, Fluids & Chemical Products Distribution (Oils, Coolants, AdBlue/DEF, Cleaners) (TLAKAOAL), Packaging, Filling & Private Label / Contract Manufacturing (EUALAJAD)

Keywords

• Automotive lubricants
• Engine oils
• Industrial lubricants
• Vehicle care products
• EV transmission fluids

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Personnel

Revenue model

1. Automotive Lubricants: Sale of engine oils, two-wheeler lubricants, and four-wheeler lubricants to OEMs and aftermarket customers through distributors and retail networks. Revenue from volume growth (8% YoY) and premiumization into full synthetic formulations.
2. Industrial Lubricants: Lubricant products for industrial applications including manufacturing, mining, construction, and fleet segments. The segment maintained double-digit growth with new customer additions and lifecycle value conversations.
3. Specialty Products: Aesthetic Care range including vehicle cleaning, protection, and interior care products (shampoo, wax, glass cleaner, leather dresser) targeting two-wheeler and car owners for at-home vehicle maintenance.
4. EV and Data Center Fluids: New growth areas including EV transmission fluids, thermal management fluids, and immersion cooling solutions for data centers, representing future revenue diversification.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Castrol India manufactures and sells lubricants and automotive care products, including engine oils for two-wheelers and four-wheelers, industrial lubricants for manufacturing, mining, construction and fleet applications, specialty Auto Care products (shampoos, waxes, cleaners), and emerging EV transmission and data center immersion cooling fluids. The company operates three blending plants in India and distributes through over 150,000 retail outlets alongside OEM partnerships.

Product overview

Castrol India offers a comprehensive portfolio of lubricant products and automotive care solutions, operating as a leading player in India's lubricants market. The core offering includes synthetic and mineral-based engine oils for passenger vehicles (Castrol EDGE), two-wheelers (Castrol Activ, GTX), and commercial vehicles, complemented by an expanding Auto Care line of aesthetic and maintenance products (Ultra Protect range, Helmet Cleaner). The company is strategically diversifying into adjacent markets including electric vehicle fluids developed with OEM partners like Ather Energy and Tata Motors, data center immersion cooling solutions, and sustainable Re-Refined Base Oil (RRBO) products developed with HPCL. Distribution spans over 150,000 retail outlets across India through three blending plants, with a focus on both urban premium segments and high-growth rural markets.

Differentiator

Problem solved

Functional benefit

Brands

• Castrol Activ: Full synthetic motorcycle lubricant range
• Castrol GTX
• Castrol EDGE
• Castrol Ultra Protect

Products and services

• Castrol Activ Full Synthetic Full synthetic motorcycle lubricant range offering superior molecular consistency, thermal stability, and oxidation resistance for demanding riding conditions and BS VI compliant engines.
• Castrol GTX Full Synthetic Full synthetic engine oil for four-wheelers upgraded across key viscosity grades, extending synthetic technology to mass-market automotive segments.
• Castrol EDGE Premium passenger car engine oil variants designed for modern engines with advanced formulation technology and superior wear protection.
• Castrol Ultra Protect Aesthetic Care Range Aesthetic Care product line including Ultra Protect Shampoo, Ultra Protect Wax, Glass Cleaner, and Dash & Leather Dresser for at-home vehicle maintenance.
• Helmet Cleaner Auto Care product for cleaning helmets, part of Castrol India's expanded vehicle care portfolio.
• EV Fluids Specialized fluids for electric vehicles including transmission fluids and thermal management solutions, developed in collaboration with EV manufacturers Ather Energy and Tata Motors.
• Immersion Cooling Fluids Liquid immersion cooling technology solutions for data centers, representing Castrol India's diversification beyond traditional automotive and industrial lubricants.
• Industrial Lubricants Lubricant products for industrial applications including manufacturing, mining, construction, and fleet segments, including RRBO engine oil for sustainability.
• Re-Refined Base Oil (RRBO) Circular economy base oil produced from re-refining used lubricating oil, developed in partnership with HPCL to support sustainability and reduced dependence on virgin base oil refining.

Quantifiable outcome

• 8% volume growth in FY25 with market share gains in automotive lubricants sector
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core, minor and strategic.

• Tata MotorscoreStrategic or Co-development Partner · 29 June 2026MoU signed on June 29, 2026 for Used Oil Circularity Pilot programme in Karnataka. Tata Motors' authorized commercial vehicle service network serves as collection points for used engine oil, while Castrol India manages channelisation to registered recyclers. This is Castrol India's first OEM collaboration for structured used-oil management in India, creating a traceable ecosystem for responsible handling of hazardous used oil.
• Hindustan Petroleum Corporation Limited (HPCL)coreStrategic or Co-development Partner · 27 January 2026MoU to explore developing a Re-Refined Base Oil (RRBO) ecosystem in India. The collaboration evaluates collecting used lubricating oil, having it re-refined, and using it in lubricant production. Both companies are assessing commercial, operational, and technical feasibility of this circular economy model at scale, including mapping collection channels, evaluating re-refining capacity, and testing RRBO for suitability across formulations.
• Amazon IndiaminorChannel Partner/ Reseller/ Distributor · 22 December 2025E-commerce distribution partner for Castrol India's Aesthetic Care product range including Ultra Protect Shampoo, Wax, Glass Cleaner, and Dash & Leather Dresser. Products launched in December 2025 are available through Amazon alongside auto spare shops, accessory outlets, and workshops.
• VinFaststrategicStrategic or Co-development Partner · 1 January 2025MoU signed in 2025 with VinFast to explore after-sales ecosystem integration for VinFast EVs in India. Castrol India provides specialized EV fluids and after-sales service support as VinFast expands its retail network to 35 dealerships and establishes manufacturing in Tamil Nadu.
• Ather EnergystrategicStrategic or Co-development PartnerCollaboration on specialized EV fluids for electric two-wheelers. Castrol India is developing and supplying transmission fluids and other specialized products for Ather's electric scooter range.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Bharat Petroleum (MAK Lubricants): Public sector oil marketer with the MAK lubricants brand, distributing automotive and industrial lubricants through its extensive fuel-station network — directly overlapping with Castrol's retail aftermarket reach.
• Hindustan Petroleum (HP Lubricants): Public sector oil marketer and HPCL partner in Castrol's RRBO initiative; competes through its own HP Lubricants range across automotive and industrial applications with similar nationwide distribution.
• Indian Oil Corporation (Lubricants Division): Largest Indian oil marketing company with a significant SERVO lubricants franchise; competes across automotive and industrial lubricant categories leveraging PSU refiner scale and nationwide fuel-station distribution.

Direct peers

• Gulf Oil Lubricants India: Listed Indian arm of Gulf Oil International; manufactures and markets automotive and industrial lubricants in India across similar retail and OEM channels, competing head-to-head with Castrol across engine oils, two-wheeler lubricants, and B2B industrial segments.
• Fuchs Petrolub SE (India): Germany-headquartered lubricant specialist with a strong India presence focused on industrial lubricants, metalworking fluids, and specialty automotive products — overlapping with Castrol's industrial/B2B segment.
• Valvoline Cummins (India): Joint venture between Valvoline and Cummins India selling passenger car and commercial vehicle lubricants through dealer and workshop channels, with strong overlap in aftermarket automotive lubricants with Castrol.
• Tide Water Oil (India) — Veedol: Indian listed lubricants player marketing the Veedol brand across automotive and industrial segments; competes with Castrol particularly in motorcycle oils, passenger car motor oils, and B2B industrial channels.
• Shell India Markets (Lubricants): Indian lubricants business of Shell, one of Castrol's closest global and domestic competitors, offering passenger car motor oils, motorcycle oils, and industrial lubricants through overlapping retail and OEM channels in India.
• TotalEnergies Marketing India: Indian arm of TotalEnergies' lubricants business, offering automotive and industrial lubricants (Hi-Perf, Quartz) through retail and B2B channels; a direct international competitor to Castrol in India.

Emerging players

• Petronas Lubricants India: Indian arm of Petronas lubricants expanding presence in automotive and industrial segments; competes with Castrol in motorcycle oils (Petronas Sprinta) and aftermarket channels with a growing distribution footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Castrol_India

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Castrol India