Castrol India appoints Saugata Basuray as Managing Director for five years
Castrol India Limited has elevated Mr. Saugata Basuray from Whole time Director & Interim Chief Executive Officer to Managing Director effective 1 June 2026 for a five-year term ending 31 May 2031, subject to shareholder and regulatory approvals. The Board approved the appointment based on the Nomination and Remuneration Committee's recommendation. Mr. Basuray, an industry veteran with over 26 years of experience, joined the company in 1999 and has held leadership roles across India, the UK, the Philippines, and Indonesia.
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Castrol India Limited has appointed Mr. Saugata Basuray as its Managing Director effective 1 June 2026 for a term of five years. The decision, taken by the Board of Directors on 28 May 2026, elevates the current Whole time Director & Interim Chief Executive Officer to the top leadership position. The appointment is subject to approval by shareholders and other statutory authorities.
The Board approved the tenure for five consecutive years, concluding on 31 May 2031. This decision follows the recommendation of the Nomination and Remuneration Committee. The company disclosed that Mr. Basuray is not related to any Director or Key Managerial Personnel of the company and is not debarred from holding the office of a Director by SEBI or any other authority.
Mr. Basuray brings over 26 years of experience across sales, marketing, and business leadership. He joined the company as a Management Trainee in 1999 after completing his MBA from Symbiosis Institute of Business Management (SIBM). His career includes roles in India and abroad, having worked in four countries across two continents.
Profile and Experience
Mr. Basuray's career includes a stint at Castrol's global headquarters in the UK, where he contributed to the marketing of Castrol Edge. He later led sales for the B2B channel and served as Head of Marketing for Castrol India. He also led operations in the Philippines and Indonesia as Managing Director of a joint venture. Prior to his interim role, he was Whole time Director and Head-B2C Business, driving the transformation of the company's go-to-market model and expanding its distribution network in rural India.
The Board meeting commenced at 2:45 P.M. IST and concluded at 3:00 P.M. IST on 28 May 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Particulars | Description |
|---|---|
| Name | Mr. Saugata Basuray |
| DIN | 09522239 |
| New Designation | Managing Director |
| Effective Date | 1 June 2026 |
| Term | 5 years (till 31 May 2031) |
| Previous Role | Whole time Director & Interim Chief Executive Officer |
Historical Stock Returns for Castrol
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.73% | +1.28% | +1.41% | -3.45% | -10.86% | +38.70% |
How will Mr. Basuray's leadership influence Castrol India's strategy for expanding its B2C distribution network in rural markets?
What strategic shifts can investors expect regarding the company's B2B channel under his five-year tenure?
Will the new Managing Director pursue further joint ventures or acquisitions in Southeast Asia similar to his previous work in the Philippines and Indonesia?
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