Castrol India Ltd.

1919
 
 - The Indian branch of Castrol commenced it activities in 1919 and
 operated through four regional offices at Mumbai, Calcutta, Delhi and
 Chennai.
 
 1944
 
 - The name was changed to Castrol Ltd.  In 1966, Castrol became a
 part of the Burmah Group.
 
 1981
 
 - During the year as per the scheme of Amalgamation sanctioned by the
 Mumbai High Court, the Indian Marketing and Business of Castrol was
 amalgamated with Indrol Lubricants & Specialities Ltd.  As per the
 Scheme, Castrol voluntarily agreed to hold 40% equity capital in the
 company.  As a part of the consideration for the transfer of business
 and undertaking in India, Castrol was allotted 6,00,000 No. of equity
 shares of 10 each without payment in cash.
 
 - The balance consideration of Rs 95.27 lakh was retained with the
 company as interest-free loan from Castrol.  This amount was to be
 repaid in the three equal annual installments.
 
 - As a result of acquisition of equity shares of Foseco Plc. by
 Burmah Castrol Plc in U.K., the undertakings in India in which Foseco
 plc have an investment interest, it became inter-connected with the
 Company under MRTP Act, 1969 and the Company came within the purview
 of Part-A of Chapter III of the MRTP Act.
     
 - On 9th June, the company entered into a registered user agreement
 to use Castrol's trade mark which were used by Indian branch of
 Castrol. This agreement is valid a period of years from the date of
 amalgamation or so long as Castrol holds 30% or more of the equity
 share capital of the company, which ever is later.
 
 1982
 
 - The company was incorporated on 10th December under the name of
 Indrol Lubricants & Specialities Ltd.
 
 - In June, the first Phase of lube oil refining plant was
 commissioned.
 
 - During the year the company set up a modern blending plant and
 brake fluid plant at Patalganga.  The brake fluid plant and the lube
 oil blending plant were commissioned in February and March 1985
 respectively.
 
 1983
 
 - In March 9,00,000 equity shares issued at a premium of Rs.9 per
 share, of which 75,000 shares to employees and Indian directors of
 the company, 75,000 shares to business associates, 30,000 shares to
 LIC and 30,000 shares to UTI were reserved and allotted.  The balance
 of
 6,90,000 shares offered to the public. 
 
 1985
 
 - 1,50,000 rights shares issued (prem. Rs 10 per share; prop. 5:50)
 linked to debs. in August.  In June 1986, 8,93,800 shares issued
 (prem. Rs 40 per share) (8,25,000 shares as rights in prop. 1:2,
 41,300 shares to employees/workers of the Company; and 27,500 shares
 to Castrol,
 Ltd.).
 
 1986
 
 
 - On 27th June the second Phase of lube oil refining plant was
 commissioned.
 
 - 25,43,800 bonus shares allotted on 21.3.1987 (prop. 1:1).
 
 1987
 
 - As a measure of diversification, the Company formed a subsidiary
 Company under the name of Indtech Speciality Chemicals, Ltd. for the
 manufacture of Telephone cable jellies, pharmaceuticals jellies and
 industrial waxes in technical collaboration with Dussek Campbell,
 U.K.
 
 1988
 
 - During August/September, the company offered 14% - 6,10,520 secured
 redeemable convertible debentures of Rs.150 each to the existing
 shareholders (Except Castrol Ltd. UK) on right basis in the ratio of
 1 debenture for every five equity shares held.  Additional 30,526 
 debentures were reserved for subscription by employees/Indian Working
 Directors/workers of the company.  All the debentures were taken up. 
 
 - As per the terms of the debentures issue, Part `A' of Rs 50 each of
 the debenture will be automatically and compulsorily converted into
 one fully paid up equity share of Rs 10 each at a premium of Rs 40
 per share on the expiry of six months from the date of allotment of
 the
 debenture.
 
 - Part `B' of the non-convertible portion of Rs 100 of each debenture
 would be redeemed at par at the end of 7th year from the date of
 allotment thereof.
 
 1989
 
 - On 15th March company offered and allotted 4,27,430 No. of equity
 shares of Rs. 10 each at a premium of Rs. 40 per share to Castrol
 Ltd. UK to maintain their equity share capital after conversion of
 the debentures into equity shares.
 
 1990
 
 - With effect from 1st November, the name of the company was changed
 from Indrol Lubricants & Specialities Ltd. to Castrol India Ltd. 
 
 - 36,93,645 bonus shares issued prop. 3:5 in December.
 
 1992
 
 - With effect from 1st January, Indtch Speciality Chemicals the
 subsidiary was merged with Castrol India Ltd.
 
 - 59,09,832 bonus equity shares issued in prop. 3:5.
 
 1993
 
 - 35,37,862 No. of equity shares of Rs 10 each allotted to Castrol
 Ltd. U.K. at a premium of Rs 100 each.
 
 1994
 
 - Company set up a new plant in Silvassa, Union Territory of
 Dadra/Nagar Haveli at a cost of Rs.50 crores.  The new plant was to
 incorporate the state-of-art technology for lubricant blending.
 
 - 192,97,415 bonus equity shares issued in prop. 1:1 on 27th May.
 
 1995
 
 - Castrol India Limited, has plans to introduce a wide range of
 futuristic lubes which will help it maintain its position as the
 market leader.  While the company has a wide marketing network
 consisting of 120 depots and 12,000 dealer outlets, the company is
 installing a
 satellite linked management information system (MIS), connecting the
 vast network.
       
 - Castrol was the first oil in the lubricant sector to obtain the ISO
 9002 certification.  It has also introduced Tractormax and RX Super
 Plus for the diesel engines.  Its R&D wing at Wadala in Mumbai is
 engaged in the innovation and modification of existing range of
 products as well as productive new versions.
       
 - During the year Castrol India, has signed an agreement with
 Hindustan Powerplus as sole supplier of lubricants for Caterpillar
 engines.  With the proper usage of new Castrol RX Super Plus and with
 regular filter change and maintenance, the engine life is expected to
 be 20,000 hour plus.  Castrol RX Super Plus is a new generation
 diesel engine oil exceeding the highest 4 stroke diesel engine
 lubricant service class requirements- API CF4.  The product also
 confirms to AP1 SG service class requirements for 4 stroke petrol
 engine oils.
 
 - During the year Castrol India has launched two stroke engine oils -
 Jett X and Super TT.  Both exceed the Japanese Automobile Standards
 Organisation (JAPO) specifications.
 
 - 231,56,898 bonus equity shares issued in prop. 3:5.
 
 1997
 
 - Maruti Udyog, India's largest car producer has signed an agreement
 with Castrol to sell high performance Castrol products, through its
 dealer outlets and authorised service stations.
 
 - The leader in the private sector, Castrol India (CIL) is well-known
 for its product quality, distribution network and after-sales service.
 It recently expanded its blending capacity by 1,80,000 kl.
 
 1998
 
 - With effect from 15th January, Consequent upon the Securities and
 Exchange Board of India (SEBI) making dematerialisation of shares
 compulsory for Foreign Institutional Investors (FIIs), Financial
 Institutions (FIs) etc., the Company was required to sign an
 Agreement
 with the National Securities Depository Limited (NSDL) as it had
 shareholders who were compulsorily required to dematerialise their
 shareholdings in the Company.  The Company has appointed Sharepro
 Services to act as an agent for interface with NSDL.
 
 - Castrol India bags QS 9000 certification Castrol India, which
 already has ISO 9002 certification, has become the first lubricant
 company in Asia-Pacific to get QS 9000 certification, which is
 possibly the most rigorous quality system standard for suppliers to
 the automotive industry worldwide.
 
 1999
 
 
 - Castrol's performance seems to be losing momentum which in turn
 will put the Castrol share price on alert While the 1:1 bonus issue
 from Castrol has cheered the market there seems little scope for
 further upsides in the Castrol share price, based on fundamentals.  
 
 - Castrol India Ltd, has improved its market share from 18 per cent
 to 20 per cent of its oil and lubricants during the year 1998 and is
 likely to improve its market share further during the current year. 
 
 - Authorised capital reclassified.  617,51,728 bonus shares
 allotted.
 
 2000
 
 - Castrol India Ltd has announced the launch of Castrol Active 4T, an
 engine oil for 4 stroke bikes.
 
 - Castrol introduced GTX Magnetic for passenger cars, accompanied
 with a print campaign that stresses the molecular attraction of the
 lubricant, allowing it to stick to engine parts, even when it is
 switched off.
 
 - TELCO and LML have tied up with Castrol India Ltd (CIL), marketer
 of specialised lubricants and lubrication services, for sourcing
 customised lubricants for various vehicles manufactured by these
 companies.
 
 - The company has entered into strategic alliances with several
 automotive and industrial majors with a view to developing a
 customise products and services for the Indian market.
 
 - Castrol India and Tata Engineering signed two agreements for the
 supply of specially formulated lubricants for Tata commercial
 vehicles and for use of motor oils for Indica passenger car. 
 
 - Castrol has launched a web site dedicated to motor sports,
 `www.castrolbikeworld.net'.
 
 - Ram Savoor, chief executive and managing director of Castrol India,
 has been appointed as business unit head for global major BP Amoco's
 operations in India, Middle East and South Asia.
 
 - In Wadala Plant the manufacturing has become an unviable activity
 due to restrictive space and lay-out, coastal regulations zones/rules
 restricting constructions and several other operations hazards.
 
 - The Company has signed up with the Chennai-based Rane Engine Valves
 Ltd. for total supply of its lubricant requirements.
 
 - The Company has stopped commercial production at its Wadala Plant
 with effect from 1st July,
 
 - The year 2000 was a difficult year for the transport industry and,
 as a consequence, the automotive lube market is estimated to have
 declined by around 6%. This decline was mainly driven by an increase
 in lube and diesel prices which squeezed margins in the road
 transport industry. There was also a move towards `floor' sales tax
 rates for several products including lubes which translates to a
 higher selling price. The rationalisation of sales tax attempted to
 equalise sales tax across the country resulted in a decline in road
 freight movement. Together with this, the drought condition
 prevailing in certain parts of the country affected the demand for
 diesel engine oil in the agricultural segment.
 
 2001
 
 - Castrol India has launched `Castrol call-for-a-can' whereby Castrol
 products including motorcycle, scooter and car engine oils, coolants
 and brake fluids will be available to customers over phone.
 
 - Castrol India has closed down its manufacturing facility at Hoskote
 in Karnataka.
 
 -Tata BP Lubricants India Ltd has been amalgamated into Castrol India
 Ltd (CIL), following Tata group’s decision to exit the lubricants
 business.
 
 - Castrol India Ltd has posted a net profit of Rs 22.23 crore for the
 quarter ended September 30, 2001 as compared to Rs 28.17 crore for the
 same quarter last year.
 
 - During the year 2001, Castrol, UK acquired a 20% stake in the
 company vide an open offer made to the shareholders of CIL, thereby
 increasing its stake from 51% to 71%.
 
 2002
 
 -Appoints Naveen Kshatriya as new MD & CEO.
 
 -Announces change in the management structure and  still continue its
 focus on  lubricants and allied services.
 
 -Aspi Modi has been appointed as company secretary.
 
 -Launches CRB Turbo special oil for new generation turbocharged
 vehicles.
 
 -Mr. Uswin Desousa,Mr.Roger Elston-Green and Mr Ravindra Pisharody
 appointed as wholetime directors.
 
 -Shifted four of its offices to Andheri.
 
 -Alastair Ferguson has been nominated as director of castrol India.
 
 -Launched a slew of integrated marketing plans.
 
 
 2003
 
 -Castrol India has entered into motorcycle servicing business with
 the launch of  'PrimaZona' brand of franchisee workshop.
 
 -Restructured its sales and marketing force. It has set up 3 groups
 including retail specialists, workshop specialists and institutional
 specialists.
 
 -Castrol India has posted a net profit of 408.6million for quarter
 June 30,2003 and declared a dividend Rs 4.00 per equity share for
 december 2003.
 
 ---Baged tenth slot among `Top 10' in Asiamoney's corporate
 governance poll on Asian companies in the energy sector. And joined
 the club of a select few Asian companies.
 
 2004
 
 -Castrol India Ltd has said that Mr Philip J. Hughes was nominated by
 Castrol Ltd UK with effect from January 9, as a director of the
 company in the place of Mr D. Hulf. On Mr Hulf ceasing to be a
 director, his alternate Mr K. Warnett also ceased to be a director.
 Further, from the said date, Castrol Ltd UK has also nominated Mr L.
 Freese as an alternate director to Mr P. Hughes.
 
 - Castrol India in pact with Mahindra Tractors
 
 -Castrol India's managing director Naveen Kshatriya has been
 appointed regional vice president of parent BP's transcontinental
 lubricant business
 
 -Castrol India, the Indian arm of the BP group, has become a global
 hub for supplying marketing professionals to the group
 
 -Escorts has announced a tie-up with Castrol India for exclusive
 supply of engine oils for service refill as well as after market
 sales
 
 -Castrol India rolls out BikeZone in Bangalore
 
 2005
 
 -Castrol India launches International Driving Championship in India
 
 -IRTE and Castrol join hands to promote Road Safety in India
 
 -John Abraham signs up as Brand Ambassador for Castrol
 
 -Castrol introduces Liquid Engineering
 
 
 2006
 
 -Castrol India unveils premium quality engine oil
 
 -CIL sets up new bike service centre in Coimbatore
 
 -Castrol India launches Castrol EDGE
 
 -Castrol Recognizes and Rewards Budding Cricketers
 
 2007
 
 - Castrol India Ltd. launches Castrol Magnatec with Intelligent
 Molecules
 
 -Castrol and Volvo in Strategic Partnership
 
 -Castrol Power1 Throttle Max Challenge
 
 2008
 
 - Castrol India Ltd has appointed Mr. Soren Malekar as a Wholetime
 Director designated as Director-Supply Chain.
 
 -Castrol announces the Castrol Asian Cricket Awards
 
 -Castrol launches its flagship BikeZone in Hyderabad
 
 - CASTROL TO BECOME AN OFFICIAL SPONSOR OF FIFA WORLD CUP
 
 2009
 
 -Castrol Crb Turbo Wins National Awards For Packaging Excellence
 
 -Castrol Wins Golden Spanner Awards
 
 
 2010
 
 -ICC Names Castrol As Official Performance Partner.
 
 -Castrol India Q3 Pat Up 22% At Rs. 117Cr, Turnover Up 13% 
 
 -Castrol Safe2Go - a program to promote the importance of vehicle
 safety was launched.
 
 -Castrol India has given the Bonus in the Ratio of 1:1
 
 2011
 
 -Castrol Edge Extends Strong Partnership With Cristiano Ronaldo
 
 -MotoGP star Marco Simoncelli took part in a special test with
 Castrol and the Ford Abu Dhabi World Rally Team.
 
 -Castrol India Q1 Net Up 16.6%, At Rs. 136.6 Crores 
 
 2012
 
 -Castrol Activ Scooter - India’S First Gearless Scooter Engine Oil
 Launched 
 
 -Castrol Crb Turbo Wins National Awards For Packaging Excellence
 
 -Castrol Crb Turbo Relaunched With Durashield' Boosters
 
 -Castrol EDGE Rankings rate player performance in the top five
 European leagues 
 
 -Castrol India launch of its new engine oil - Castrol GTX Modern
 Engine ' especially created for today’s new generation, petrol cars.
 
 -Castrol India has given the Bonus in the Ratio of 1:1 
 
 2013
 
 -Castrol Industrial lubricates NASA's wheels of success-began its
 exciting mission on Mars in early August, an innovative Castrol
 Industrial lubricant called Castrol Braycote 601 EF helped ensure the
 smooth operation of Curiosity, from its wheels to its cameras.
 
 -Castrol has recommended a Final Dividend of Rs. 3.50 per Equity
 Share.
 
 2014
 -The shares of company rose as much as 0.18 per cent to trade at Rs
 414.50 a piece on the BSE. 
 -Castrol has recommended a Final Dividend of Rs. 3.50 per Equity
 Share.
 -Castrol India Limited and Triumph Motorcycles signed an agreement
 for a partnership in India. 
 
 2015
 -Castor India Ltd joins the Bloodhoud Project for providing high
 performance lubricants, brake and hydraulic fluids for use in the
 BLOODHOUND Supersonic Car -the 1,000 mph
 -Castrol India won a Bronze Effie Award for being one of the best
 Digital Campaigns in 2014.
 
 2016
 -Tata Motors and Castrol announce global strategic partnership
 
 2017
 - Tata Motors extend partnership for truck racing event
 
 2018
 
 The Company  has entered into a strategic agreement with Mahindra &
 Mahindra Limited. Under this agreement, Mahindra and Mahindra will
 endorse a range of Castrol products which include aftermarket engine
 oils and transmission fluids for Mahindra tractors under the brand,
 'Mileage Ka Master'.
 

 
 -Castrol India Limited has entered into a strategic partnership with
 Renault India Private Limited, under which, Castrol will be Renault
 India's aftersales engine oil lubricants supplier effective 1 January
 2020 and the product range will be available nationally across Renault
 dealerships.
 
 2019
 
 - Castrol India Limited has entered into a strategic collaboration
 with 3M India Limited. Under this collaboration, a range of
 market-leading vehicle care products will be available for the
 automotive after-market.
 
 This is for your information and
 dissemination to the shareholders of the Company.
 
 
 2021
 
 -Castrol India Limited ('Castrol') and Ki Mobility Solutions Private
 Limited ('Ki Mobility') have entered into an exclusive supply
 arrangement in India wherein Castrol shall supply lubricant products
 to Ki Mobility's multi-brand workshops.
 
 
 2022
 -Castrol and Ki Mobility solutions collaborate to strengthen indian
 automotive after market ecosystem.
 
 2023
 -Castrol India completed the acquisition of 7.09% stake in ki
 Mobility Solutions Private Limited.