Top 10 Industrial Oils Companies in India 2026

India’s industrial oils industry plays a critical role in powering the nation’s manufacturing, automotive, engineering, mining, energy, and heavy industrial sectors. Driven by increasing demand for industrial lubricants, specialty oils, process oils, hydraulic fluids, metalworking fluids, and sustainable lubrication solutions, the industry continues to support operational efficiency and industrial growth.

Indian Oil Corporation Limited (Servo)

Bharat Petroleum Corporation Limited (MAK Lubricants)

Hindustan Petroleum Corporation Limited (HP Lubricants)

Castrol India Limited

Gulf Oil Lubricants India

Shell Lubricants India

Valvoline Cummins Private Limited

ExxonMobil Lubricants Private Limited

Veedol Corporation Limited

Apar Industries Limited

Indian Oil Corporation Limited (Servo)

A. S. Sahney

Chairman

Indian Oil's Servo brand is India's largest lubricant manufacturer with an extensive portfolio of industrial oils, greases, and specialty lubricants. The company serves sectors ranging from manufacturing and power to mining and automotive industries. Its strong distribution network and technological capabilities make it a dominant player in India's industrial lubricants market.

Bharat Petroleum Corporation Limited (MAK Lubricants)

G. Krishnakumar

Chairman & Managing Director

BPCL's MAK Lubricants is one of India's leading lubricant brands, offering a comprehensive range of industrial oils and specialty products. The company has built strong relationships across industrial sectors through quality products and technical support services.

Hindustan Petroleum Corporation Limited (HP Lubricants)

Vikas Kaushal

Chairman & Managing Director

HP Lubricants is among India's largest lubricant manufacturers, supplying industrial oils, hydraulic fluids, and specialty lubricants to diverse industries. The company continues to strengthen its market presence through innovation and customer-focused solutions.

Castrol India Limited

Kedar Lele

Managing Director

Castrol India is one of the country's most recognized lubricant companies with strong capabilities in industrial and specialty oils. The company serves sectors such as manufacturing, mining, energy, and engineering through advanced lubrication technologies and premium product offerings.

Gulf Oil Lubricants India

Ravi Chawla

Managing Director & Chief Executive Officer

Gulf Oil is a leading player in India's lubricant industry with a diversified portfolio of industrial oils and specialty products. The company has established a strong presence across manufacturing and heavy industrial sectors through innovation and strategic partnerships.

Shell Lubricants India

Mansi Madan Tripathy

Chairperson

Shell is one of the world's leading lubricant companies with a significant presence in India's industrial oils market. The company provides advanced lubrication solutions to industries including power generation, mining, steel, and manufacturing.

Valvoline Cummins Private Limited

Samir Agrawal

Managing Director & Chief Executive Officer

Valvoline Cummins has developed a strong position in industrial and automotive lubricants through premium products and technical expertise. The company focuses on high-performance lubrication solutions for industrial machinery and equipment.

ExxonMobil Lubricants Private Limited

Deepankar Banerjee

Chief Executive Officer (India Lubricants Business)

ExxonMobil is a global leader in industrial lubrication technologies with a strong presence in India through its Mobil brand. The company serves heavy industries, manufacturing plants, and energy companies with advanced synthetic and specialty lubricant solutions.

Veedol Corporation Limited

Arnab Banerjee

Managing Director & Chief Executive Officer

Veedol is one of India's established lubricant manufacturers with products serving industrial machinery, manufacturing operations, and engineering sectors. The company continues to strengthen its presence through product innovation and customer-centric solutions.

Apar Industries Limited

Kushal Desai

Chairman & Managing Director

Apar Industries is a leading manufacturer of specialty oils, transformer oils, and industrial lubricants. The company has developed strong expertise in serving power, industrial, and infrastructure sectors through technologically advanced products.