Resilient Growth: Ravi Chawla, CEO & MD, Gulf Oil Lubricants India
In addition to being CEO & MD of Gulf Oil Lubricants India, Ravi Chawla holds responsibilities for the Cluster Markets/Asia Pacific Region since 2018. His role covers all strategic and operational areas of these businesses, their growth and profitability. He is also a member on the board of Gulf Oil Lubricants India and Gulf Oil Marine, Gulf Bangladesh, Gulf Asia Pacific and Mangalam Retail Services.
Prior to joining Gulf, Chawla worked at Shell Lubricants from 1998 to 2006. He has extensive experience in sales, marketing, OEM and general management having worked across multiple sectors, including FMCG, tyres, photographic films/equipment, and luggage, and organisations like Polaroid, Wipro Consumer Products, Ceat Tyres and Blowplast. Chawla holds a Master’s in Management Studies (MMS) from University of Mumbai and an undergraduate degree in Commerce from Sydenham College, Mumbai.
Expanding Globally
Today, Gulf Oil, owned by the Hinduja Group, is one of the top players and the fastest growing company in the lubricants industry in India. The Gulf brand is owned by its holding company, Gulf Oil International, which is present in more than 100 countries.
Gulf Oil ended FY22 on a high note. The company's full year volumes grew in double-digits. The full-year revenue growth was 32.6 per cent at Rs 2,191.64 crore while the EBITDA grew 7.7 per cent at Rs 285.49 crore in spite of multiple external challenges all through the year.
"Our FY 2021-22 performance has revalidated our faith in our strategies and has assured us that we are on the right path. This resilient performance of our company amidst a low industry growth environment is a testimony to our agility and preparedness for unprecedented events," said Chawla in his address to the shareholders.
All segments of business did well in FY22 and the demand conditions picked up during the fiscal. Diesel engine oils for commercial vehicles and passenger car motor oils saw very good volume growth, as the company increased market share in both B2C and B2B segments, said Chawla. The company achieved excellent growth in Industrial/ B2B segment, OEM Franchisee Work Shops (FWSs) and from customers in the infrastructure sector, he added.
