The company was incorporated on October 7, 1992 at Mumbai, Maharashtra as ‘Gandhar Oil Refinery (India) Private Limited’ under the Companies Act, 1956. Pursuant to fulfilling certain requirements for a public company under the Companies Act, 1956 and conversion into a public limited company, the name of the company was changed to ‘Gandhar Oil Refinery (India) Limited’, and a fresh certificate of incorporation dated January 22, 1997 was issued by the Registrar of Companies, Maharashtra, at Mumbai (RoC). The company was then converted into a private limited company under the provisions of the Companies Act, 1956 and the name of the company was changed to ‘Gandhar Oil Refinery (India) Private Limited’ pursuant to conversion into a private company, and a fresh certificate of incorporation dated January 6, 2003 was issued by the RoC. Subsequently, the name of the company was changed to ‘Sunoco Industries Private Limited’ and a fresh certificate of incorporation dated March 16, 2004 was issued by the RoC. The name of the company was changed again to ‘Gandhar Oil Refinery (India) Private Limited’ and a fresh certificate of incorporation dated July 25, 2005 was issued by the RoC. Pursuant to conversion into a public limited company, the name of the company was changed to ‘Gandhar Oil Refinery (India) Limited’, and a fresh certificate of incorporation dated August 22, 2005 was issued by the RoC.

The company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. As of June 30, 2023, its product suite comprised over 440 products primarily across the personal care, healthcare and performance oils (PHPO), lubricants and process and insulating oils (PIO) divisions under the ‘Divyol’ brand. Its products are used as ingredients by leading Indian and global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power and tyre and rubber sectors. The white oil market is the fastest growing segment in the specialty oils sector and the company is India’s largest manufacturer of white oils by revenue in Financial Year 2023, including domestic and overseas sales and is one of the top five players globally in terms of market share in the calendar year 2022. 

As a manufacturer of speciality oils, its products and processes are required to comply with strict standards and other specifications prescribed by its customers, and its long-standing relationships with several leading Indian and global companies demonstrate its qualification of these requirements. It has completed rigorous selection processes for securing business from several of its customers and has been able to maintain high customer loyalty. Its customer engagement, relationships and the quality and other certifications awarded to its manufacturing facilities demonstrate the quality of its products and its capabilities.

Business area of the company

The company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. It produces a broad variety of speciality oils and lubricants such as White oils, waxes, jellies, automotive oils, industrial oils, transformer oils and rubber processing oils. Its products are sold under its flagship brand ‘Divyol’.

Key awards, accreditations, certifications and recognitions

• 2013: ‘First Award’ in the large scale sector awarded by the Export Promotion Council for Basic Chemicals, Pharmaceuticals and Cosmetics (CHEMEXCIL).
• 2014: ‘Niryat Shree’ gold trophy for the 14th set of awards in the chemicals, drugs, pharma and allied sector for the MSME category awarded by Federation of Indian Export Organisations (FIEO).
• 2015: ‘Top Start-up of the Year’ award at ASSOCHAM Indiafrica Champion in Biz Awards.
• 2015: ‘Export Excellence Award’ by FIEO for top exporter star export house- MSME for the year 2012-13.
• 2016: ‘First Award’ awarded by CHEMEXCIL under the category of ‘Basic Inorganic and Organic Chemicals including Agro Chemicals- (LSM)’ for outstanding export performance for the year 2013-14.
• 2016: ‘Gold Award’ awarded by CHEMEXCIL under the category of ‘Basic Inorganic and Organic Chemicals including Agro Chemicals- (LSM)’ for outstanding export performance for the year 2014-15.
• 2017: ‘Trishul Award’ awarded by CHEMEXCIL under the category of ‘Basic Inorganic and Organic Chemicals including Agro Chemicals – (SSM)’ for outstanding export performance for the year 2015-2016.
• 2017: ‘Top Start-up of the Year’ award at ASSOCHAM Indiafrica Champion in Biz Awards.
• 2019: ‘Highest Foreign Exchange Earners’ award in the category of Western Region – MSME by FIEO for the year 2016-17.
• 2022: Best packing award at the ‘SIES SOP Star Awards’.
• 2022: Star Performer – West Zone-I for Second Highest Sales Growth for F.Y. 2021-22 by Indian Oil Corporation Limited for Polymer DCA cum DOPW.
• 2023: ‘Great Place to Work’ in the category of mid-size organizations.
• 2023: Maharashtra State Best Employer Brand Award 2023.
• 2023: Recognised as ‘one of the top 10 automotive lubricant manufacturers 2023’ by Industry Outlook.

Major Events

• 1992: Incorporated as a private limited company under the name ‘Gandhar Oil Refinery (India) Private Limited’.
• 1994: Commenced business operations at the company’s plant at Taloja.
• 2000: Commenced manufacturing of speciality oils at the company’s plant at Silvassa.
• 2004: Commenced export of speciality oils.
• 2010: Received the first order from a Government of India entity, Ministry of Railways.
• 2013: Turnover of the company crossed Rs 10,000 million.
• 2013: Established an in-house research and development centre and received recognition from the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India.
• 2015: Recognised as a ‘Three Star Export House’ by the Directorate General of Foreign Trade, Ministry of Commerce and Industry.
• 2018: Consolidated turnover of the company crossed Rs 25,000 million.
• 2019: Consolidated turnover of the company crossed Rs 30,000 million.
• 2022: Texol Lubritech FZC became the company’s subsidiary.
• 2022: Completed 30 years since incorporation.
• 2023: Recognised as a ‘Four Star Export House’ by the Directorate General of Foreign Trade, Ministry of Commerce and Industry.