THE HISTORY OF CASTROL IN INDIA DATES BACK TO 1910 WHEN CERTAIN AUTOMOTIVE LUBRICANTS FROM C C WAKEFIELD & COMPANY MADE AN ENTRY IN THE INDIAN MARKET. IN 1919, C C WAKEFIELD & COMPANY SET UP ITS FIRST OVERSEAS BRANCH OFFICE IN INDIA AND COMMENCED OPERATIONS AS A TRADING UNIT. TODAY, CASTROL INDIA LIMITED IS THE SECOND LARGEST PLAYER IN THE INDIAN LUBRICANT INDUSTRY AND IS THE MARKET LEADER IN THE RETAIL AUTOMOTIVE LUBRICANT SEGMENT. CASTROL INDIA IS PART OF THE BP GROUP WORLDWIDE.
Castrol India Limited is a Public Limited Company with 70.92% of the equity held by Castrol Limited UK (part of BP Group). Castrol India Limited (CIL) is a listed company on the Indian stock exchange with a market capitalization of $3.18 bn (as on April 2013).For the period January – March, 2013, CIL delivered improved performance with Profit After Tax growing by 1% at Rs.124.3 crores as against Rs.122.9 crores during the same period in the previous year.
From a minor oil company, with a share of about 6% in 1991, Castrol India has grown to become the second largest lubricant company in India with a market share of around 25%.
Castrol India manufactures and markets a range of automotive and industrial lubricants. It markets its automotive lubricants under two brands - Castrol and BP. The company has leadership positions in most of the segments in which it operates including passenger car engine oils, 4-stroke oils and multigrade diesel engine oils. Castrol India has the largest manufacturing and marketing network amongst the lubricant companies in India. The company has three manufacturing plants, including a state-of-the-art plant in Silvassa. The company reaches its consumers through a distribution network of over 270 distributors, servicing over 91000 retail outlets.
Castrol has clearly demonstrated its commitment to Indian consumers for over a century, by offering a range of high performance, pioneering technology products backed by the highest level of customer service. The company has managed to gain sustainable competitive advantage through:
- Distinctiveness driven by continuous innovation in all areas of business
- Winning culture and a desire to excel
- Strong enduring relationships with all stakeholders