
Management Change28 May 2026, 08:41 pm
Castrol India Appoints Saugata Basuray as Managing Director
AI Summary
Castrol India Limited's Board of Directors approved the appointment of Mr. Saugata Basuray as the Managing Director, effective June 1, 2026, for a term of five consecutive years. Mr. Basuray, currently the Whole-time Director & Interim Chief Executive Officer, has over 26 years of experience in sales, marketing, and business leadership within Castrol India, having joined as a Management Trainee in 1999. His career includes roles in India and abroad, leading Castrol Philippines and a joint venture in Indonesia, and driving a multi-year transformation program for the company's go-to-market model. The appointment is subject to shareholder and other statutory approvals.
Key Highlights
- Saugata Basuray appointed Managing Director of Castrol India.
- Appointment is for a 5-year term, effective June 1, 2026.
- Basuray previously served as Whole-time Director & Interim CEO.
- He brings 26 years of experience within Castrol India.
- Appointment is subject to shareholder and statutory approvals.
Price Impact
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