BOARD OF DIRECTORS

Mr. RAMESH BABULAL PAREKH (Managing Director )

Mr. ASLESH RAMESHKUMAR PAREKH (Wholetime Director )

Mr. INDRAJIT PREMMANGAL BHATTACHARYYA (Chief Financial Officer)

Gandhar began its journey to success in 1993, catching the wave of optimism following liberalisation. The brainchild of the Parekh family of industrialists, it made a modest start in Mumbai with a limited product line. But thanks to a combination of managerial acumen and courageous enterprise, it soon became a force to be reckoned with.

Today, the Gandhar Group of Companies is a US$ 336 million megacorp engaged in producing industrial and automotive oils, pharmaceutical products and intermediates, supplying coal, iron ore and furnace oil, managing shipping and logistics, and undertaking infrastructure development. With a 400-strong work force, the Group is one of the fastest growing corporate entities in India with a global network of branches and offices.

The Gandhar Group is led by Gandhar Oil Refinery, the Group’s flagship company, which has always counted on robust production and research to build and sustain growth despite the vagaries of the marketplace.

On the production front, Gandhar Oil runs three formidable Speciality Oil Blending Plants—one each at Taloja, Silvassa, and Sharjah (TexolLubritech FZC). Collectively occupying about 26 acres, these plants have a combined annual production capacity exceeding 350,000 kl per annum and a base oil storage capacity of 50,000 kl.

Looking to the future, the accent will be on increasing the production of automotive oils because of their fast-growing market potential. To support this thrust, a fully automated plant for automotive oils is being set up on additional land purchased in Silvassa.

THE products,marketed under the Divyol brand name,include :

They meet national and international quality standards and are approved by REXROTH, ELECON, RDSO, FDA, ERDA, CPRI, and BIS (among others).

Financial Analysis ( ALL IN CR )

ANNUAL REPORT

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