- Business
- GP Petroleums Limited manufactures, formulates, and markets a wide range of industrial and automotive lubricants, rubber process oils, transformer oils, greases, and specialty products primarily in India. The company offers automotive lubricants including engine oils, gear and transmission oils, greases, engine coolants, and brake fluids; industrial lubricants comprising lubricating oils, specialty oils, metal working fluids, corrosion preventive oils, cleaners, quenching oils, horticultural orchard spray oils, and industrial greases; and rubber process oils such as aromatic, naphthenic, paraffinic, and low PCA varieties. Products are marketed under the IPOL and REPSOL brand names through distributors and retail outlets to industrial, automotive, and rubber industries. Founded in 1973 and headquartered in Mumbai, Maharashtra, the company operates a state-of-the-art manufacturing facility in Vasai near Mumbai with significant base oil storage capacity. In October 2025, GP Petroleums entered a five-year manufacturing and marketing agreement with Modern International FZE in the UAE, effective October 1, 2025, enabling production and sale of IPOL-branded products including industrial oils, automotive oils, process oils, transformer oils, greases, and specialties at a facility in Hamriyah Free Zone, Sharjah, with 40,000 metric tons annual capacity and royalty terms starting at 3% of selling value.