FUTURE CASTROL Chairmans Speech

Dear shareholders,


“A journey of a thousand miles begins with a single step.” ~ Lao Tzu


Castrol India’s journey in India started way back in 1910 when certain Castrol products started appearing in the country. And what an exciting journey it has been. Over the last one hundred years, Castrol has been at the forefront of the Indian lubricant industry, recognized as a pioneer, innovator and leader, besides being the only lubricant company which has an uninterrupted presence in the country over this period.


As in every journey, Castrol India has had its ups and downs but with its strong brands, pioneering technology, enduring relationships, passionate people and foresight and resilience of its leadership over the years, your Company has maintained its position as one of the leading lubricant companies in the country.


At the end of 2015, the Castrol India Management team launched a new vision with an intent to take your Company to a new level of prosperity and brilliance for all stakeholders - customers, consumers, employees, partners, shareholders - indeed everyone who is associated with the Company in any way. Thus was born the Castrol India Shining Vision - a road map to 2020, with clear goals and milestones, declaring a new extraordinary intent focusing on employees, brands, customers, environment, financial performance and good governance.


It’s been just over a year since the launch of the new Vision and I am delighted to inform you that we are well on course for this new phase of our journey and have already achieved some exciting milestones ahead of target. The extremely positive response of Castrol India employees to these changes and their inspiring passion to deliver the strategy have increased our confidence that Castrol India is well set on its Journey to Brilliance.


I would like to take this opportunity to thank all our key stakeholders, especially our shareholders for their continuous support and encouragement; our distributors and customers for their loyalty and co-operation and our employees for their dedication and hard work.


Omer Dormen


Managing Director

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