What we do Veedol Corporation manufactures and markets automotive and industrial lubricants under the Veedol and ENEOS brands, serving India and global markets with premium lubricant solutions. |
Founded in 1,921 |
Market share Veedol is a well-established premium lubricant brand, with a strong market presence in India and expanding international footprint. |
Problem solved The company addresses lubrication needs for engines and machinery, improving efficiency, durability, and reducing environmental impact. |
Top clients or who we serve Serves automotive manufacturers, industrial sectors, and retail consumers (B2B and B2C) mainly in India and Europe. |
Key management - |
Our journey and innovations Founded in 1921, Veedol evolved via technical collaborations (Nippon Oil, Cofran, Mitsubishi) to produce premium synthetic lubricants and expanded global operations. |
Where we operate India, United Kingdom, Europe, Middle East, and other international markets through subsidiaries and licensing agreements. |
Top products or what we offer Automotive oils (diesel, two-wheeler, gear), industrial oils, specialty lubricants, synthetic ranges under VEEDOL and ENEOS brands. |
Top brands VEEDOL - flagship lubricants brand; ENEOS - premium products via technical collaboration; Granville, Gunk, Nova, Autosol - UK markets. |
Raw materials needed Base oils and additives sourced for lubricant blending and grease production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring via lubricant sales with steady demand in automotive and industrial segments. |
Our industry position A niche leader in premium lubricants in India with growing international presence; recognized for quality and innovation. |
Financial highlights FY 2024-25 consolidated revenue ₹1970.49 crore; profit after tax ₹176.91 crore; growing profitability through premiumisation. |
Geographical revenue split Approximately 76% revenue from India, 24% from rest of world including UK and Europe. |
Order book - |
Whats driving growth Premium lubricant demand, R&D innovation, international expansion, and sustainability initiatives drive growth. |
Our future plans Capacity expansion, modernizing plants, international consolidation, enhancing R&D and sustainable product development. |
Our green promise Investments in wind energy, energy conservation, ISO certifications, and sustainability reporting underscore commitment to ESG. |
Our people and values Focus on employee development, ethics, diversity, safety, and transparency through governance frameworks. |
Key challenges ahead Competitive pressure, raw material price volatility, regulatory compliance, and integration of global operations. |
Interesting facts Company nearly 100 years old, with global rights to VEEDOL brand; first to produce synthetic lubricants in India. |
Risks and strategy Mitigates raw material dependency and market risks through diversified operations, technology partnerships, and premium market focus. |
