Cenlub Industries is the company that keeps India’s factory machines from grinding to a halt - it makes the automatic lubrication systems that pump oil and grease to dozens of moving parts at once, so a CNC lathe or a power-station turbine never runs dry. Founded in 1992 in Faridabad and now run by the founder’s family, it has spent three decades turning a niche engineering skill into a near-monopoly in its home market. The playbook is consistent: own the machine-tool sector first, then use that cash and credibility to push into heavier industries - power, railways, oil and gas - one at a time. # Business segments A single engine powering multiple end markets - a centralized-lubrication specialist that starts with a dominant position in machine tools and progressively feeds the same technology into power generation, railways, and oil and gas. ## 1. Centralized lubrication systems: the automatic oiling kit for India’s heavy machinery **Cenlub designs and builds systems that deliver lubricant to every critical point on an industrial machine without human intervention, selling both to machine builders as original equipment and to heavy-industry plants as project-based solutions.** - **OEM supplier to machine-tool builders** - the company is the lubrication partner for most of India’s established CNC machine manufacturers, who place repeat orders; over a million Cenlub systems are already at work inside machine tools alone, and its market share in this segment was pegged at roughly 90%. - **Project-based work for heavy industry** - for power plants, steel mills, cement kilns and oil refineries, Cenlub supplies larger lube-oil and oil-circulatory systems on a project-by-project basis, so revenue from these sectors is lumpier but the ticket size is far larger than a machine-tool order. - **Two plants, two internal divisions** - a Faridabad factory covers the north, east and west for machine tools plus all heavy-industry work, while a Bengaluru factory serves south India’s machine-tool cluster; inside the company, a Machine Lubrication Division and an Oil Circulatory System (OCS) Division split the workload. - **Built to European standards when needed** - the company can produce CE-certified systems for export, particularly to Europe, and has developed the expertise to manufacture lube-oil systems to the stringent API and CE standards demanded by oil-and-gas customers. - **A workforce of about 300 and a dozen sales offices** - as of FY25 the company employed around 300 people across all categories, supported by a network of sales-and-service offices in twelve industrial cities including Bangalore, Coimbatore, Kolkata, Mumbai and Pune. # Group structure and partners **A tightly held family business with no subsidiaries, no joint ventures, and no foreign partners - listed on the Bombay Stock Exchange but controlled by the founder’s family.** - **Promoter-led, with the founder’s widow at the helm** - after founder Vijendra Kumar Mittal died in April 2021, his wife Madhu Mittal (who had led the product-innovation team since 1973) became Chairman, Managing Director and CEO; as of mid-2021 she held just over 75% of the company. - **Two sons run day-to-day operations** - Aman Mittal oversees the formulations plants and the Bangalore unit, while Ansh Mittal looks after the lube-oil consoles and systems manufacturing plants, making this a second-generation family enterprise. - **A standalone entity with no group entanglements** - Cenlub has no subsidiaries, joint ventures or associate companies, and no foreign investment or collaborations, so its financials are a clean read-through to the lubrication business. - **One related-party supplier** - Shree Ganapati Boxmaker Pvt Ltd, an enterprise owned or significantly influenced by key management personnel or their relatives, supplies materials and services to the company.