Gp Petroleums
GP Petroleums Limited is a Mumbai-based, India-listed specialty bitumen manufacturer producing emulsions, PMB, and CRMB via its Amron Oil Resources JV, serving IOCL and Gujarat public infrastructure customers from the Pipavav port corridor.
- Company typePublic
- Founded2004
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Gp Petroleums does
GP Petroleums Limited is an India-listed (NSE: GULFPETRO) specialty petroleum products manufacturer headquartered in Mumbai, with a core focus on bitumen-based products including emulsions, Polymer Modified Bitumen (PMB), and Crumb Rubber Modified Bitumen (CRMB). Its specialty bitumen franchise is operated through Amron Oil Resources, a 50:50 joint venture with West Coast Oils LLP established in 2004, which serves as the operational vehicle for GP Petroleums' downstream bitumen activities and infrastructure customer relationships.
The company monetizes primarily through sales of formulated bitumen products to public-sector and infrastructure customers in Western India, most notably Indian Oil Corporation (IOCL) and Gujarat state public infrastructure projects. A June 2026 partnership designates Amron Oil Resources as the operating partner for IOCL's Pipavav Bitumen Cell, anchoring the company's logistics presence at the Pipavav port. For FY26, GP Petroleums reported revenue of Rs. 643 crore with EBITDA margin of ~9% and PAT of Rs. 26.50 crore, reflecting modest top-line growth (~5% YoY) alongside margin expansion versus FY25.
Leadership comprises Mr. Prashant Achar as CEO and Ayush Goel as Chairman. The VP Operations & Supply Chain function saw a transition with Ashish Garg's resignation effective June 30, 2026. The business model is anchored on JV-driven specialty manufacturing, port-adjacent feedstock logistics, and government/infrastructure customer concentration rather than digital or consumer channels.
Gp Petroleums firmographics
Firmographics- Name
- Gp Petroleums
- Legal name
- GP Petroleums Limited
- Website
- https://gppetroleums.co.in
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- GP Petroleums Limited is a Mumbai-based, India-listed specialty bitumen manufacturer producing emulsions, PMB, and CRMB via its Amron Oil Resources JV, serving IOCL and Gujarat public infrastructure customers from the Pipavav port corridor.
- Ownership category
- akta.pro rank
Gp Petroleums industry classification
Industry- Product category
- Specialty Bitumen & Lubricants Manufacturing
- NAICS
- Petroleum and Coal Products Manufacturing (324)
- SIC
- Petroleum Refining (2911)
- akta.pro primary industry
- Oilfield & Refining Specialty Chemicals (IMAEABAI)
- akta.pro secondary industry
- Industrial & Waterproofing Bitumen Products (Roofing, Membranes, Shingles, Sealants) (EUALAKAF)
Keywords
Where Gp Petroleums is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Gp Petroleums business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure
Revenue model
- Bitumen Manufacturing and Supply: GP Petroleums generates revenue through manufacturing and supplying high-performance bitumen products including specialty emulsions, polymer modified bitumen, and crumb rubber modified bitumen. Revenue streams include bulk bitumen dispatches and specialty product sales to infrastructure and road construction sectors.
- Operating Partner Services: Through its 50:50 joint venture Amron Oil Resources with West Coast Oils LLP, GP Petroleums earns revenue as operating partner for IOCL's Pipavav Bitumen Cell, providing specialized bitumen operations and supply chain management services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Gp Petroleums product offering
Product offeringCore offering
GP Petroleums manufactures and supplies specialty bitumen products including emulsions, polymer modified bitumen (PMB), and crumb rubber modified bitumen (CRMB) for road construction and infrastructure projects. Through its 50:50 joint venture Amron Oil Resources with West Coast Oils LLP, the company operates as the operating partner for Indian Oil Corporation Limited's (IOCL) Pipavav Bitumen Cell in Gujarat, providing bulk bitumen dispatch and specialty bitumen supply chain management services.
Product overview
GP Petroleums is an oil and petroleum company that operates primarily through its manufacturing and supply of bitumen products. The company's core offering consists of specialty bitumen products including emulsions, polymer modified bitumen (PMB), and crumb rubber modified bitumen (CRMB). These products serve India's road and transportation infrastructure sector. The company also operates through a 50:50 joint venture, Amron Oil Resources Private Limited (with West Coast Oils LLP), which has been manufacturing and supplying high-performance bitumen products since 2004 and recently secured a partnership with Indian Oil Corporation Limited (IOCL) to operate the Pipavav Bitumen Cell in Gujarat.
Differentiator
Problem solved
Functional benefit
Products and services
- Specialty Bitumen Products (Emulsions, PMB, CRMB)
Quantifiable outcome
- Specialty bitumen supply improved across Gujarat and neighboring regions
- +2 more outcomes
Companies that use Gp Petroleums
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Gp Petroleums technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Gp Petroleums partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Amron Oil Resources (50:50 JV with West Coast Oils LLP)coreAmron Oil Resources is a 50:50 joint venture between GP Petroleums Limited and West Coast Oils LLP that has been manufacturing and supplying high-performance bitumen products since 2004. The JV serves as the operating partner for IOCL's Pipavav Bitumen Cell, marking a strategic milestone for GPPL and advancing its diversification into value-added infrastructure businesses.
- Indian Oil Corporation Limited (IOCL)coreGP Petroleums' JV Amron Oil Resources was selected by Indian Oil Corporation Limited as operating partner for the Pipavav Bitumen Cell in Gujarat. The partnership operates under IOCL's SPRINT 2026 Mission Excellence initiative, leveraging Pipavav's strategic port location to serve large-scale infrastructure projects and enhance specialty bitumen supply across Gujarat and neighboring regions.
Scale indicators5 records
Recent moves4 records
Expansion highlights3 records
Gp Petroleums competitors and assessment
Company assessmentBroad incumbents
- Hindustan Petroleum Corporation Limited (HPCL): Major Indian PSU oil refiner producing and marketing viscosity-grade and modified bitumen nationally. Comparable as a vertically integrated refiner with bitumen as part of a broader petroleum product portfolio.
- Reliance Industries Limited: India's largest private sector refiner with significant bitumen production from its Jamnagar complex. Operates as a broad incumbent in the bitumen value chain and competes for institutional infrastructure demand.
- Bharat Petroleum Corporation Limited (BPCL): Indian PSU refiner with bitumen production and marketing capabilities serving road infrastructure. Comparable broad incumbent competing in the same domestic bitumen market across conventional and specialty grades.
- Indian Oil Corporation Limited (IOCL): India's largest oil corporation and GP Petroleums' flagship customer/partner. IOCL produces and markets bitumen nationwide and is the counterparty in the Pipavav Bitumen Cell operating partnership, making it both a critical customer and the most relevant broad incumbent.
- Shell Bitumen (Shell plc): Global leader in bitumen with specialty PMB and emulsions offerings, including activity in India through Shell India. Comparable as a broad incumbent with deeper specialty formulation R&D and international benchmarks.
- Sinopec Bitumen: One of the world's largest bitumen producers via Chinese refining assets, exporting specialty grades globally. Comparable broad incumbent with scale advantages and ability to compete on price in Indian import channels.
- TotalEnergies Bitumen: Global integrated energy major with a dedicated bitumen division offering PMB, emulsions, and warm-mix technologies. Comparable broad incumbent in the specialty bitumen category with presence across emerging markets.
Direct peers
- Tiki Tar Industries (India) Limited: Indian manufacturer of bitumen products and road construction materials including emulsions and modified bitumen. Direct domestic competitor in specialty bitumen formulations serving India's road sector.
- Nynas AB: Specialty bitumen and naphthenic specialty oils producer focused on polymer modified bitumen, emulsions, and pavement technologies. Direct comparable in specialty bitumen formulations and customer/market overlap.
Others
- Cargill Bioindustrial (Bitumen Additives): Supplier of bio-based and polymer additives used in PMB and modified bitumen formulations. Comparable as an ecosystem/enabling player in the specialty bitumen value chain rather than a direct competitor.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Gp Petroleums social profiles
Digital presenceGp Petroleums financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gp Petroleums leadership team
Management profileNumber of profiles
Profiles2 records
Gp Petroleums subsidiaries and ownership
Company hierarchySubsidiaries1 record
Gp Petroleums funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gp Petroleums M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gp Petroleums
What does Gp Petroleums do?
GP Petroleums manufactures and supplies specialty bitumen products including emulsions, polymer modified bitumen (PMB), and crumb rubber modified bitumen (CRMB) for road construction and infrastructure projects. Through its 50:50 joint venture Amron Oil Resources with West Coast Oils LLP, the company operates as the operating partner for Indian Oil Corporation Limited's (IOCL) Pipavav Bitumen Cell in Gujarat, providing bulk bitumen dispatch and specialty bitumen supply chain management services.
Is Gp Petroleums a public or private company?
Gp Petroleums is a public company. It is classified as public and is currently operating.
When was Gp Petroleums founded?
Gp Petroleums was founded in 2004. It employs 101 to 250 people.
Where is Gp Petroleums based?
Gp Petroleums is headquartered in Mumbai, India, in the Asia region.
How does Gp Petroleums make money?
Two revenue lines are on record. Bitumen Manufacturing and Supply is the primary driver. The others are operating Partner Services.
Who are Gp Petroleums's main competitors?
Broad incumbents on record are Hindustan Petroleum Corporation Limited (HPCL), Reliance Industries Limited, Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), Shell Bitumen (Shell plc), Sinopec Bitumen and TotalEnergies Bitumen. Direct peers are Tiki Tar Industries (India) Limited and Nynas AB. Cargill Bioindustrial (Bitumen Additives) is listed as an others.
Does Gp Petroleums have an API?
No public API is recorded for Gp Petroleums.
What industry is Gp Petroleums in?
Gp Petroleums's product category is Specialty Bitumen & Lubricants Manufacturing. Its primary akta.pro industry code is IMAEABAI, Oilfield & Refining Specialty Chemicals, with a secondary code of EUALAKAF, Industrial & Waterproofing Bitumen Products (Roofing, Membranes, Shingles, Sealants). Its NAICS code is 324 and its SIC code is 2911.