GANDHAR OIL REFINERY (INDIA) LIMITED is engaged in the business of Specialty Oils and Lubricants. The company undertakes the manufacturing and marketing of Specialty Oils and Lubricants. The company is now also engaged in the business of Coal, and imports non-coking coal, mainly from Indonesia & South Africa, and supplies it to industries in India including steel, power, cement, paper, etc. The company also works as a consignment stockist and Del-Credere agent for Indian Oil Corporation Limited (IOCL) for the sale of various polymer products. Gandhar Oil Refinery (India) Limited imports raw materials, which is ‘Base oil’ mainly from South Korea and the Middle East for Specialty oils and lubricants products. Additives are purchased from Multi-National Companies in India, and waxes are procured from domestic companies and also imported from China and Thailand. The product range of Specialty oils and lubricants includes Liquid paraffin, industrial oil and greases, transformer oils, automotive lubricants, petroleum jelly, and rubber processing oils under the brand named ‘Divyol’. The company supplies its products to various industries including pharmaceuticals, FMCG, chemicals, steel, rubber, automotive, and power.
CIN of Gandhar Oil |
U23200MH1992PLC068905 |
Registration Date of Gandhar Oil |
07 October 1992 |
Category/Sub-category of Gandhar Oil |
Limited by Shares |
Gandhar Oil Registered office address and contact details |
DLH Park, 18 Floor, S. V. Road, Goregaon (West), Mumbai - 400062, Maharashtra Phone: +91-22-4063 5600, |
Gandhar Oil Registrar and Transfer Agent address and contact details |
Link Intime India Private Limited C-101,1 Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai-83 Tel No. +91 22 49186200 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Petroleum and Oils /Jelly /Paraffin Wax obtained from Bituminous Minerals, Crude |
2710, 2712 and 2713 |
58.14% |
|
Non-Coking Coal |
270119 |
41.85% |
Mr. Ramesh Parekh (Chairman & Managing Director)
Mr. Samir Parekh (Whole-time Director)
Mr. Aslesh Parekh (Whole-time Director)
Mr. Raj Kishore Singh (Independent Director)
Ms. Amrita Nautiyal (Independent Director)
|
Name of the Company |
Subsidiary/Associate |
% of shares held |
|
Gandhar Shipping and Logistics Private Limited |
Subsidiary |
100.00% |
|
Gandhar Global Singapore Pte. Ltd. |
Subsidiary |
100.00% |
|
Gandhar Oil & Energy DMCC |
Subsidiary |
100.00% |
|
Texol Lubritech FZC |
Associate |
50.00% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoter’s Shareholding |
1,40,00,000 |
87.5% |
|
2 |
Public Shareholding |
20,00,000 |
12.50% |
|
|
Total |
1,60,00,000 |
100.00% |
Industry Outlook
The oil and gas sector plays an important role in making decisions for all the other sections of the economy as it is one of the core industries of India. It is expected that the need for oil and gas will grow more in near future; thereby the sector looks attractive for investment. For that purpose, the Government of India has allowed 100% FDI in many sectors including natural gas, petroleum products, and refineries. India is expected to be one the largest contributors to non-OECD petroleum consumption growth globally. Crude Oil import in India has increased from US$ 70.72 billion in 2016-17 to US$ 101.4 billion in 2019-20. As of 1st April 2021, India’s total installed provisional refinery capacity stood at 250 MMT. In FY20, crude oil production in India stood at 32.2 MMT. In March 2021, the crude oil production stood at 2.6 MMT, while for FY21 it was 30.5 MMT. In FY20, crude oil import increased to 4.54 mbpd from 4.53 mbpd in FY19.
Consumption of Petroleum products in India grew 4.5% to 213.69 MMT during FY 2020 from 213.22 MMT in FY 2019. The export of petroleum products from India increased to US$ 35.8 billion in FY 2020 from US$ 34.9 billion in FY 2019. In FY 2021, petroleum products exported from India stood at 55.9 MMT.
