Savita Oil Technologies Limited

Savita Oil Technologies Limited

Company type	Public
Traded as	BSE: 524667 NSE: SOTL
Industry	Oil and Automotive
Headquarters	Mumbai, Maharashtra, India
Key people	(Founder) Mr.N K Mehra (Chairman & MD)[1][2]
Products	Transformer oil, White Oil, Lubricating Oil, Engine Oil, Renewable Energy
Number of employees	500 Plus
Website	www.savita.com

Savita Oil Technologies Limited (BSE: 524667, NSE: SOTL)[3] (formerly known as Savita Chemical) is an Indian automotive, industrial lubricant and petroleum specialty oils production company with its headquarters at Mumbai, Maharashtra.[4][5] It has primarily engaged in manufacturing of petroleum specialties such as transformer oils, liquid paraffin and white oils, petroleum jellies, synthetic petroleum sulfonates and other specialties.[6][7] Savita Oil has been ranked #42 in Fortune Next 500 list under lube oil and lubricants category, by Fortune India.[8] The company is also involved in manufacturing of automotive and industrial lubricants.[9] In 2018, the company relaunched Savsol, a domestic brand of lubricants and engine oils.[7][4][10][11]

History

The company has been listed on Bombay Stock Exchange and National Stock Exchange since 1994.[5]

It operates three manufacturing plants in Western India. Its Lube Oil manufacturing plant situated at Silvassa, is a fully automated manufacturing unit[12][11][9] and has been certified for ISO 9001:2015 & ISO 14001:2015.[5]

Partnership

In 2018, Tata Motors signed an agreement with Savita Oil Technologies to manufacture and provide original oils for their passenger vehicle brands.[1][2][12][9][13][5]

References

1. "Savita Oil Technologies To Supply TATA Motors With Original Oils". Overdrive. 15 November 2018.
2. "Tata Motors signs agreement with Savita Oil Technologies". India Today. 6 December 2018.
3. "Savita Oil Technologies Limited (NSE:SOTL) Has A ROE Of 15%". Yahoo! News. 26 August 2019.
4. Sorap, Janak (23 May 2018). "Savita Oil relaunches Savsol brand in the lubricants market". Motoringworld.
5. "Savita Oil Technologies signs Agreement with Tata Motors to supply original oils". Asianlubricantmanufacturers.
6. Jauharri, Ujjval (25 August 2008). "Savita has fundamentals edge". Daily News and Analysis.
7. "Savita Oil launches repositioned Savsol for the Indian lubricant market". Autocarpro. 18 May 2018.
8. "The Next 500". Fortune India.
9. "Savita Oil Technologies becomes engine oil supplier to Tata Motors". Autocarpro. 14 November 2018.
10. Chatterjee, Aditya (18 May 2018). "SAVSOL Automotive Engine Oils And Lubricants Relaunched In India With Revised Positioning". Overdrive.
11. "Peak Talk: Green Days". Motoringworld. 30 June 2018.
12. "Tata Motors to source oils from Savita Oil Technologies". Autocarindia. 15 November 2018.
13. "Tata Motors Original Oils announced; Savita Oil Technologies to be the supplier". Motoringworld. 15 November 2018.

External links

• Official website