Gulf Oil scouts acquisitions in Asia, South America
Mumbai: Gulf Oil Lubricants, a Hinduja Group-owned company, is set to return to Mexico in 2027, its home market where the brand originated. The company is also exploring acquisitions in new territories, including South America and Southeast Asia, and preparing for a potential global listing within the next three to five years. Sanjay Hinduja, non-executive chairman of Gulf Oil Lubricants India, revealed to ET that the US market, initially excluded when the Hinduja family took over from Chevron Corp in 1984, is being considered for re-entry through a master-licensing arrangement in 11 states.
This would be the first time the company operates in the US under its own terms. Gulf Oil International, the company's international entity, remains privately held and has not disclosed revenue details. Meanwhile, the Indian subsidiary, listed and valued at ₹5,113 crore, reported a 34.48% increase in net profit to ₹117 crore in the second quarter of FY27, with revenue from operations rising 44% to ₹1,379 crore.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
