Gulf Oil Lubricants India Ltd

(GULFOILLUB)

Gulf Oil Lubricants India Limited (GOLIL) was incorporated in 2008 as a wholly-owned subsidiary of GOCL and officially changed its name from Hinduja Infrastructure Limited on September 12, 2013. They are engaged in the business of manufacturing, marketing, and trading of automotive and nonautomotive lubricants. On April 1, 2014, the Lubricants Undertaking of Gulf Oil Corporation was demerged and transferred to GOLIL, and GOLIL became a Promoter of the Company. Their lubricants are used by automobiles and the industrial sector, and they are a supplier to several automobile manufacturers in India. GOLIL has been certified with ISO 9001:2008 and ISO 14001:2004 accreditation. On April 16, 2014, a High Court of Andhra Pradesh approved the Scheme of Arrangement between Gulf Oil Corporation Ltd and GOLIL, and the Scheme became effective on May 31, 2014. In 2015, permission was given to GOLIL to shift their Registered Office to Mumbai. In 2015, GOLIL and Schwing Stetter entered into a Tieup, and GOLIL launched Ultrasynth X, specialized lubricants, and a cobranded lubricants range for passenger vehicles in the bazaar segment. During 2016, GOLIL launched Gulf Pride Scooter Oil, and during 2017, they started construction for their second plant in Ennore Chennai. During 2019, they entered into OEM Franchise Workshops Segment with new OEMs such as Force Motors and Tata Motors as well as launched various new product lines. This company, through their investments and accounts, is looking to promote and provide innovative lube solutions to its customers.

Share Price: ₹1037.65 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹5,334.26Cr as of today
Revenue: ₹863.98Cr as on September 2024 (Q3 24)
Net Profit: ₹82.97Cr as on September 2024 (Q3 24)
Listing date: 31 Jul, 2014
Chairperson Name: S G Hinduja