Gandhar Oil Refinery (India) Ltd. Company History and Annual Growth Details

Our Company was incorporated as ‘Gandhar Oil Refinery (India) Private Limited’ at Mumbai as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated October 7, 1992. Further, pursuant to Section 43A(1A) of the Companies Act, 1956, our Company became a public limited company with effect from July 1, 1996, consequent to which the name of our Company was changed to ‘Gandhar Oil Refinery (India) Limited’, and a fresh certificate of incorporation dated January 22, 1997 was issued by the RoC. Subsequently, pursuant to Section 43A(2A) of the Companies Act, 1956, our Company was converted into a private limited company with effect from December 13, 2002, consequent to which the name of our Company was changed to ‘Gandhar Oil Refinery (India) Private Limited’, and a fresh certificate of incorporation dated January 6, 2003 was issued by the RoC. Further, the name of our Company was changed to ‘Sunoco Industries Private Limited’ for business reasons, and a fresh certificate of incorporation dated March 16, 2004 was issued by the RoC. Thereafter, the name of our Company was changed to ‘Gandhar Oil Refinery (India) Private Limited’ for business reasons, and a fresh certificate of incorporation dated July 25, 2005 was issued by the RoC. Our Company was subsequently converted into a public limited company, consequent to which the name of our Company was changed to Gandhar Oil Refinery (India) Limited and a fresh certificate of incorporation dated August 22, 2005 was issued by the RoC.

Major Events:

1992

Incorporated as a private limited company under the name ‘Gandhar Oil Refinery (India) Private Limited’ 

1994

Commenced business operations at our Company’s plant at Taloja 

2000

Commenced manufacturing of speciality oils at our 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 our Company crossed ?10,000 million 

-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 our Company crossed ?25,000 million 

2019

Consolidated turnover of our Company crossed ?30,000 million 

2022

Texol Lubritech FZC became our subsidiary 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

2024

-Company has approved the incorporation of a wholly owned subsidiary Private Limited company in India under the name and style  Gandhar Lifesciences Private Limited  with Rs. 1,00,00,000/- (1 crore) as paid up capital.

2025

-The company has approved The scheme of amalgamation of WOS Gandhar Shipping and Logistics private limited and Gandhar Oil refinery (India) Limited and their respective shareholders (the scheme) under section 230 to 232 of the Companies Act, 2013.