Indian Oil Corporation Limited (OCL), ranked 1st in Fortune India 500 list for year 2016 and 117th in Fortune Global 500 list of world’s largest companies in the year 2019, commonly known as Indian Oil is an Indian government-owned oil and gas company headquartered in New Delhi.
It is the largest commercial oil company in the country, with a net profit of INR 19,106 cr for the financial the year 2016-17. As of 31 March 2017 Indian Oil’s employee strength is 33,135, out of which 16,545 are in the officer cadre. It is India’s largest downstream oil company, with a workforce of more than 33,000 employees, a turnover of Rs. 506,428 cr and a net profit of Rs. 21,346 cr in 2017-18. Indian Oil has ventured into alternative energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),Mauritius (Indian Oil (Mauritius) Ltd) and the Middle East “Servo is the Lubricants brand under which IOCL operates its Lubricant business. Servo is the Largest selling Lubricant Brand in both Automotive & Industrial segments”