MUMBAI: Castrol India Limited has officially announced the appointment of Saugata Basuray as its new Managing Director, effective from June 1, 2026.
According to a regulatory exchange filing released on May 28, 2026, the company’s Board of Directors approved his elevation for a designated five-year term. The top-tier transition is subject to upcoming shareholder and other standard statutory clearances.
Deep Operational Experience within Castrol
Basuray is a seasoned insider who has spent over 26 years climbing the corporate ranks within the lubricants major, having originally joined Castrol India as a Management Trainee back in 1999.
Before being selected for the top executive post, he served in several pivotal leadership roles spanning sales, marketing, and global business operations:
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Interim Leadership: He is currently functioning as the Whole-time Director and Interim Chief Executive Officer of Castrol India.
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B2C Segments: Prior to taking over as the Interim CEO, he managed the company’s core retail engine as the Whole-time Director and Head of the B2C Business.
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Early Core Roles: Early in his professional career, he served as the Executive Assistant to the Managing Director of Castrol India and the Regional Vice President of bp.
International Exposure and Market Re-entry
In 2008, Basuray moved to Castrol’s global headquarters in the United Kingdom, gaining crucial international corporate experience. Upon his return to India, he spearheaded sales for the critical B2B channel and subsequently took over the reins as the Head of Marketing for Castrol India.
His cross-border leadership portfolio expanded significantly between 2013 and 2017 when he was assigned to lead Castrol Philippines. Following that stint, he took charge as the Managing Director of Castrol’s prominent joint venture operations in Indonesia before returning to the Indian domestic establishment.
His extensive history across both domestic channels and Southeast Asian emerging markets positions him to drive Castrol India’s next phase of growth amid an evolving automotive and industrial landscape.
