What we do Gandhar Oil Refinery (India) Ltd manufactures specialty white oils and lubricants serving consumer, healthcare, and industrial sectors globally. |
Founded in 1,992 |
Market share #1 white oil manufacturer in India with 26.5% domestic and top 5 global player status. |
Problem solved Provides high-quality specialty oils tailored for consumer health and industrial applications, ensuring performance and safety. |
Top clients or who we serve Supplies to global brands like Procter & Gamble, Unilever, Dabur, Bajaj Consumer Care; B2B primarily. |
Key management Chairman & MD Ramesh Parekh, Joint MDs Samir and Aslesh Parekh; CFO Indrajit Bhattacharyya. |
Our journey and innovations Incorporated in 1992; went public in 2023; established R&D recognized by Indian Department of Scientific and Industrial Research; expanded overseas manufacturing. |
Where we operate India, UAE; exports to over 100 countries globally across six continents. |
Top products or what we offer Specialty oils including liquid paraffin, petroleum jelly, transformer oils, automotive lubricants under ‘Divyol’ brand. |
Top brands Divyol - flagship specialty oils brand, #1 in Indian white oils market. |
Raw materials needed Base oils and petroleum-derived raw materials sourced globally from reputed suppliers. |
Raw materials supplier Leading global base oil suppliers with annual volume-based contracts. |
Recurring vs cyclical contribution Revenue largely recurring from long-term contracts with customers and suppliers. |
Our industry position Market leader in India’s white oil segment, strong global footprint with 40% revenue from exports. |
Financial highlights FY25 consolidated revenue ₹3,900 Cr, PAT ₹83.5 Cr, 5-year CAGR ~17%. |
Geographical revenue split FY25 revenue split approx. 60% domestic, 40% overseas. |
Order book - |
Whats driving growth Growing consumer and healthcare end-markets, product portfolio expansion, strong customer relationships, rising exports. |
Our future plans Capacity expansions, deeper consumer healthcare focus, new geographies, enhancing contract manufacturing capabilities. |
Our green promise ISO 14001 certified plants; environmental and safety standards compliance. |
Our people and values Strong governance, diverse board with women directors; culture focused on quality and sustainability. |
Key challenges ahead Raw material price volatility, currency fluctuations, competitive pressure, regulatory compliance. |
Interesting facts Largest white oil manufacturer in India and among top five globally; operates advanced R&D centers. |
Risks and strategy Mitigates commodity and forex risks via price linkage contracts and hedging; strong supplier and customer diversification. |
