### **Overview** GP Petroleums Limited (GPPL) is a leading Indian public limited company specializing in the formulation, manufacturing, and marketing of industrial and automotive lubricants, rubber process oils, greases, and specialty fluids. Headquartered in Mumbai, the company operates under its flagship brand **IPOL**, launched in 1973, and has established a strong 'Made in India' legacy over five decades. GPPL is listed on the **BSE and National Stock Exchange (NSE)**, consistently ranked among India’s top 1500 companies by market capitalization, and recognized in *Fortune India’s The Next 500* list. The company operates through three core business verticals: **Industrial Lubricants**, **Rubber Process Oils (RPO)**, and **Automotive Lubricants**, supported by strategic trading activities in **base oil, bitumen, and fuel oil**. GPPL is widely recognized for innovation, product quality, and a customer-centric approach, reinforced by global standards compliance and strategic international partnerships. --- ### **Manufacturing & Infrastructure** GPPL operates a state-of-the-art manufacturing facility in **Vasai, Maharashtra**, spanning over 9,000 square meters. The plant features: - **Annual lubricant blending capacity**: 80,000 kiloliters (one of the largest in the sector) - **Base oil storage capacity**: 15,000 kiloliters - Fully automated packaging systems, thermal integration, and multi-modal logistics connectivity - An **in-house, advanced R&D and quality control laboratory** that ensures compliance with **API, ACEA, ILSAC, JASO, ISO, ASTM, NLGI, DIN, and OEM specifications** This infrastructure supports a **pan-India distribution network** of over **500 distributors and 19 warehouses** across 22 states and 4 union territories, with export operations in **more than 14 countries**. --- ### **Core Business Segments** #### **1. Industrial Lubricants & Metalworking Fluids** IPOL is a **market leader in India’s industrial lubricants sector**, particularly known for its **metalworking fluids**. The brand holds a dominant share in the **steel tube mill industry**, with IPOL’s **Aqua Cut 125** recognized as India’s most trusted and best-selling soluble cutting oil. **Key Developments (Aug 2025):** - Launched **specialized water-soluble cutting coolants** for the **Tube Mill Industry**, driving volume growth. - Introduced **high-performance cold forging oils**, **advanced honing oils**, and **semi-synthetic cutting coolants** co-developed with OEMs. - Innovated **rust preventive oils** tailored for high-speed dewatering and long-term protection in tube processing. - **Pioneer in EDM (Electro-Discharge Machining) Oils** in India; products approved by leading Indian and global OEMs. - Launched **synthetic coolant with wetting additives** offering extended sump life, superior surface finish, and process stability. - Expanded into high-growth sectors: **ceramics, plastics, mining, textiles, sugar, cement**, and **TMT bar manufacturing**. **OEM Collaborations:** IPOL is **OE-approved** in machine tools and injection molding machines and is recommended by leading EDM machine OEMs for spark erosion performance. The company has secured **OEM approvals from 28+ industrial machinery manufacturers** (as of 2023). --- #### **2. Rubber Process Oils (RPO)** GPPL is the **leading private player in India’s RPO market**, with its products used in **1 out of every 15 tyres manufactured globally**. The **ARTEC series** of non-carcinogenic, low-PCA (Polycyclic Aromatic) oils are highly trusted by the tyre industry. **Key Highlights:** - Supplies to **all major Indian tyre manufacturers** (70% of volume from tyre sector). - Develops **customized RPO formulations** for non-tyre applications (e.g., rubber compounds, plastics), with exports to **over 14 countries**. - **RPO exports grew by 52%** in revenue terms (FY23), driven by international demand. - Strengthened supply chain via **larger import parcels** and **tie-ups with global refineries** to ensure consistent base oil supply. --- #### **3. Automotive Lubricants** GPPL deploys a **dual-brand strategy** targeting diverse consumer segments: - **IPOL**: Value-for-money, strong presence in **rural and semi-urban India**, with leadership in **MCO (motorcycle oil)** and expanding **PCMO (passenger car motor oil)** segment. - **Repsol**: Premium brand focused on **high-performance synthetic oils**, particularly in the motorcycle and SUV segments. **Strategic Partnerships:** - **Exclusive license with Repsol S.A. (Spain)** since 2016, renewed in 2022 for 5 years. Repsol lubricants are developed at a global R&D center in Spain and **manufactured in India under strict certification standards**. - **Tripartite alliance with Repsol and Honda Motors & Scooters India Ltd (HMSI)**: Launched **Honda-Repsol** co-branded lubricants, specifically engineered for Honda two-wheelers, leveraging **Repsol’s 27-year MotoGP legacy with Honda**. **Product Innovation (2025):** - Launched **Scooter Pro 5W-30**, a fully synthetic oil for BS-VI scooters. - Introduced **BS-VI compliant** engine oils: **CK-4 specification**, **low-viscosity**, **fully synthetic** engine and gear oils. - Redesigned **IPOL packaging** to enhance brand appeal in the aftermarket. **Growth Strategy – 'LAKSHYA':** Based on the 3Rs: - **Reach**: Expanding distribution in tier 2/3 cities and underserved rural areas. - **Range**: Launching new products across PCMO, MCO, greases, and specialty categories. - **Retain**: Strengthening dealer loyalty and customer engagement. **B2C Expansion:** Aiming to **double retail footprint** using a **weighted distribution model** and **Direct-to-Dealer (D2D)** strategy. Focus areas: **SUVs, tractors, scooters, and new-age vehicles**. --- ### **Strategic Expansion & Joint Ventures** #### **West Coast Oils LLP Joint Venture (2025)** - Partnered to expand in **specialty and general bitumen** segment, aligned with India’s infrastructure push. - JV to support **manufacturing, trading, and supply of specialty bitumen** in Vadodara, Gujarat. - Aims to leverage **national infrastructure projects** and bid for **large public/private contracts**. #### **Bitumen Business Growth** - Secured **major 50,000 metric tonne supply contract** with **Hindustan Petroleum Corporation Limited (HPCL)** for **bulk bitumen VG30** (meeting IS 73:2013 standards). - Plans to expand bitumen footprint using **NHAPL’s (New Horizons Asphalt)** logistics and storage network in Haldia and Mangalore. #### **International Expansion** - **Oct 2025**: Entered **Manufacturing and Marketing Agreement with Modern International FZE (UAE)**. - Modern International will **manufacture, supply, and market IPOL-branded lubricants** in the UAE from its 10,000 sqm facility in Sharjah (40,000 MT/year capacity). - Objective: Enhance **IPOL’s brand visibility and market reach in the Middle East**. - **May 2024**: Appointed **M/s. Omni Trade International** as exclusive distributor of **Repsol-branded lubricants in Nepal**. - Exploring expansion into **Bangladesh and Sri Lanka** via exclusive distributorships. --- ### **Innovation & Sustainability** - **R&D Focus**: Leverages **tribology and co-creation with customers** to develop customized, application-specific solutions. - Partners with **global additive giants**: **Lubrizol, Chevron, Afton, Lanxess, Italmatch, Clariant**, and **Dow** to co-develop advanced formulations. - Achieved **IATF 16949:2016 certification** (global quality standard for automotive OEMs), strengthening its **OEM supply chain** position. - Invested in **BS-VI compliant lubricants**, **low-emission technologies**, and **non-carcinogenic RPOs** to meet environmental and regulatory demands. - Adopted **cleaner fuel and multi-modal transport** to reduce **carbon footprint** at Vasai plant. --- ### **Financial & Operational Highlights** - **Business Segments**: - **Manufacturing**: Lubricants, greases, RPOs, specialty fluids - **Trading**: Base oil, bitumen, fuel oil (to diversify revenue) - Revenue diversification through **selective trading**, **toll blending**, and **export growth**. - **No change in core business nature**; operations remain focused on formulation, blending, and distribution. --- ### **Governance & Recognition** - Holds **ISO 9001 (Quality)**, **ISO 14001 (Environment)**, and **ISO 45001 (Health & Safety)** certifications. - Recognized for **'Make in India'** contribution through domestic manufacturing of Repsol lubricants. - **IPOL brand inducted into the $100 million revenue club** in 2023, marking a significant milestone. - Known for **structured technical training programs** (since 1973) for internal teams, channel partners, and customers—especially in **metalworking fluids**.