- Business
- Gandhar Oil Refinery (India) Limited manufactures and markets specialty oils and lubricants with a primary focus on white oils for consumer, healthcare, and industrial applications; the company produces pharmaceutical, health care, and performance oils (PHPO) including white oils, waxes, and jellies for pharmaceuticals, personal care, plastics, chemicals, textiles, and fragrances; process insulating oils (PIO) such as transformer oils and rubber processing oils for power generation, distribution, transformer manufacturers, and tire producers; and lubricants encompassing automotive oils, industrial oils, hydraulic oils, gear oils, cutting oils, engine oils, transmission fluids, brake fluids, coolants, and heat transfer fluids that meet BSVI, API, India FDA, ISO, Kosher, BIS, and Halal standards.
Founded in 1992 and headquartered at DLH Park, 18th Floor, S.V. Road, Goregaon West, Mumbai, India, Gandhar Oil operates manufacturing facilities in Taloja and Silvassa, India, with a combined annual capacity exceeding 522,000 KL; it serves over 3,500 customers across pharmaceuticals, FMCG, cosmetics, automotive, and industrial sectors in more than 100 countries, with exports comprising approximately 64% of sales.
The company markets its products under the flagship Divyol brand and maintains an in-house R&D center at Silvassa recognized by the Department of Scientific & Industrial Research (DSIR); it holds certifications as a 4-Star Export House and has secured contracts such as a two-year rate agreement with Bharat Heavy Electricals Limited (BHEL) for transformer oil supply.
Recent developments include the approval in September 2025 to terminate the joint venture agreement with ESPE Oils FZC and wind up Texol Oils FZC in Sharjah, UAE, following its transition to a wholly-owned subsidiary in 2022; board re-appointments in 2025 of Ms. Amrita Nautiyal as independent director and Mr. Ramesh Parekh as managing director for five-year terms, alongside new auditor appointments; and financial results for Q2 FY25 showing consolidated profit after tax of Rs. 18.1 crore on revenue of Rs. 935.1 crore, with PHPO contributing nearly 48% of H1 FY25 turnover.