Top 10 Lubricant Manufacturers in India

14 October 2024

Table of Contents

1. Overview: Industrial Lubricant industry in India
2.Top 10 Industrial Lubricant Manufacturers in India
2.1. Indian Oil Corporation Limited (SERVO)
2.2. Hindustan Petroleum Corporation Limited
2.3. Castrol India Limited
2.4. Bharat Petroleum Corporation Limited (MAK)
2.5. Shell India Markets Private Limited
2.6. Gulf Oil Lubricants India Limited
2.7. Savita Oil Technologies Limited
2.8. APAR Industries Limited (POWEROIL)
2.9. Veedol Corporation Limited
2.10. Balmer Lawrie & Corporation Limited

Overview: Industrial Lubricant industry in India

India’s industrial lubricant manufacturers sector is a vital segment of the broader lubricants market, with the industrial portion valued at approximately USD 7.25 billion in 2024 and projected to grow at a CAGR of around 4.28 % through 2030, driven by expanding manufacturing, heavy industries, construction and equipment maintenance needs. Industrial lubricants like hydraulic, gear and metalworking oils reduce machinery wear and enhance efficiency across automotive, power, steel and general industry applications.

Top 10 Industrial Lubricant Manufacturers in India

Indian Oil Corporation Limited (SERVO)

Indian Oil Corporation Limited is an Indian industrial lubricant manufacturer, founded in 1959 and renowned for its SERVO industrial lubricants and greases portfolio that serves steel, power, mining, railways, marine, cement and heavy engineering sectors with high-performance oils and greases tailored for gears, turbines, hydraulics and compressors. With decades of R&D-driven innovation, a vast product range and market leadership, IOCL is a top industrial lubricant manufacturer in India.

Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited is an Indian industrial lubricant manufacturer, incorporated in 1974, offering a comprehensive range of products under its HP Lubricants portfolio as part of its role among leading Industrial Lubricant Manufacturers. Its lubricants serve industries such as automotive, manufacturing, mining, construction, agriculture and transportation. Backed by strong R&D, modern refineries and an extensive nationwide distribution network, HPCL is regarded as a top player in India’s industrial lubricants sector.

Castrol India Limited

Castrol India Limited is an Indian industrial lubricant manufacturer, established in 1910, offering a wide portfolio of automotive and industrial lubricants as part of its position among leading Industrial Lubricant Manufacturers. Its products serve automotive, manufacturing, mining, construction and engineering industries across India. Supported by strong brand equity, advanced lubricant technology and nationwide distribution, Castrol India is regarded as a top player in the country’s lubricant manufacturing sector.

Bharat Petroleum Corporation Limited (MAK)

Bharat Petroleum Corporation Limited is an Indian industrial lubricant manufacturer, incorporated in 1952, offering a comprehensive range of MAK lubricants that position it among leading Industrial Lubricant Manufacturers in India. Its products cater to automotive, manufacturing, power, mining, construction, marine and agriculture industries. Supported by in-house R&D, advanced blending facilities and a strong nationwide supply network, BPCL is considered a top player in the industrial lubricants sector.

Shell India Markets Private Limited

Shell is a global industrial lubricant manufacturer with a long presence in India since 1928, offering advanced lubricant solutions that strengthen its position among leading Industrial Lubricant Manufacturers. Its portfolio includes industrial oils, greases and specialty lubricants serving manufacturing, power, mining, construction and automotive industries. Backed by global R&D expertise, strong sustainability focus and proven performance standards, Shell is regarded as a top player in India’s industrial lubricants market.

Gulf Oil Lubricants India Limited

Gulf Oil Lubricants India Limited is an Indian industrial lubricant manufacturer, established in 1926, offering a wide portfolio of automotive and industrial lubricants that strengthens its position among leading Industrial Lubricant Manufacturers. Its products serve manufacturing, automotive, infrastructure, mining, power and agriculture industries. With strong brand legacy, advanced formulation capabilities and a robust nationwide distribution network, Gulf Oil is considered a top player in India’s industrial lubricants sector.

Savita Oil Technologies Limited

Savita Oil Technologies Limited is an Indian industrial lubricant manufacturer, established in 1961, offering a diversified portfolio of specialty and industrial lubricants that reinforce its position among leading Industrial Lubricant Manufacturers. Its products serve power, manufacturing, automotive, polymers, pharmaceuticals, cosmetics and infrastructure industries. With strong in-house R&D, specialised process oils and a consistent focus on quality and compliance, Savita is considered a top player in India’s industrial lubricants market.

APAR Industries Limited (POWEROIL)

APAR Industries is an Indian industrial lubricant manufacturer founded in 1958, producing speciality and industrial lubricants, transformer oils and allied products under its POWEROIL brand for power, automotive, infrastructure and heavy-industry sectors. Headquartered in Mumbai, it serves utilities, OEMs and global industrial clients across 125+ countries. With decades of innovation, extensive product range and strong market share, APAR is recognised as a top player in its sector.

Veedol Corporation Limited

Veedol Corporation Limited is an Indian industrial lubricant manufacturer, operating since 1928 and headquartered in Kolkata, India, producing a wide range of industrial and speciality lubricants alongside automotive oils, greases and fluids for diverse applications. Serving heavy industry, manufacturing, automotive and OEM sectors with high-performance products and strong technical expertise, extensive distribution and decades of trusted performance, Veedol is recognised as a top player in its sector.

Balmer Lawrie & Corporation Limited

Balmer Lawrie & Corporation Limited is an Indian industrial lubricant manufacturer, founded in 1867 and headquartered in Kolkata, producing the Balmerol range of industrial greases and specialty lubricants alongside automotive oils for diverse industrial applications. Serving heavy industries, railways, defence and manufacturing sectors with over 250 high-quality formulations and strong R&D support, it is recognised as a top player due to its legacy, innovation and market leadership in lubrication solutions.

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