Sah Petroleums Ltd stands as a prominent manufacturer of industrial lubricants in India, boasting a diverse range of products under the renowned brand name IPOL. Their manufacturing facilities, situated in Thane, Maharashtra, and Nani Daman, Daman & Diu, are equipped to produce industrial and automotive lubricants, specialties, and process oils. With one of India's largest private sector storage facilities, they accommodate oils sourced globally. Their extensive sales and service network spans major cities across India, while their products reach international markets including Sri Lanka, UAE, Kenya, Chile, Argentina, Malaysia, and Indonesia.
Established initially as a private limited company in 1983, Sah Petroleums Limited underwent several transitions, becoming a deemed limited company in 1989, then reverting to private limited status in 2002 before ultimately becoming a public limited company in 2004 to facilitate expansion. Over the years, the company has achieved significant milestones, such as developing import substitutes for ball pen tips and jotter refills in 1983-84 and securing approvals from renowned entities like Eicher Motors, Railways & Developments Standards Organization, and Allison.
Expansion efforts continued with OEM approvals from TELCO and Ashok Leyland in 2000-01, followed by international exports to the Middle East & Sri Lanka in 2003-04. Noteworthy collaborations with the Defense Sector and prominent engineering industries further bolstered their presence. Subsequent years saw infrastructure enhancements, including the construction of additional storage tanks, significantly increasing manufacturing capacity.
In 2004-05, Sah Petroleums Ltd made its Initial Public Offer, listing equity shares on the National Stock Exchange Ltd and The Stock Exchange, Mumbai. The company's growth trajectory continued with expansions in storage capacity and strategic acquisitions, such as NAF Holdings India Ltd's acquisition of a substantial stake in 2009, consolidating their position in the market.
Established initially as a private limited company in 1983, Sah Petroleums Limited underwent several transitions, becoming a deemed limited company in 1989, then reverting to private limited status in 2002 before ultimately becoming a public limited company in 2004 to facilitate expansion. Over the years, the company has achieved significant milestones, such as developing import substitutes for ball pen tips and jotter refills in 1983-84 and securing approvals from renowned entities like Eicher Motors, Railways & Developments Standards Organization, and Allison.
Expansion efforts continued with OEM approvals from TELCO and Ashok Leyland in 2000-01, followed by international exports to the Middle East & Sri Lanka in 2003-04. Noteworthy collaborations with the Defense Sector and prominent engineering industries further bolstered their presence. Subsequent years saw infrastructure enhancements, including the construction of additional storage tanks, significantly increasing manufacturing capacity.
In 2004-05, Sah Petroleums Ltd made its Initial Public Offer, listing equity shares on the National Stock Exchange Ltd and The Stock Exchange, Mumbai. The company's growth trajectory continued with expansions in storage capacity and strategic acquisitions, such as NAF Holdings India Ltd's acquisition of a substantial stake in 2009, consolidating their position in the market.
