StockWatch
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Lubricants
Management Change28 May 2026, 08:38 pm

Castrol India appoints Saugata Basuray as Managing Director for 5 years

AI Summary

Castrol India Limited's Board of Directors, at its meeting on May 28, 2026, approved the appointment of Mr. Saugata Basuray as the company's Managing Director. Currently serving as Whole-time Director & Interim Chief Executive Officer, Mr. Basuray will assume his new role effective June 1, 2026, for a term of five consecutive years, subject to shareholder and statutory approvals. Mr. Basuray brings over 26 years of experience in sales, marketing, and business leadership, having held various impactful roles within Castrol India and internationally since joining in 1999. His extensive background includes leading Castrol Philippines and a joint venture in Indonesia, as well as driving a multi-year transformation program for the company's B2C business in India.

Key Highlights

  • Saugata Basuray appointed MD of Castrol India effective June 1, 2026.
  • Appointment is for a term of five consecutive years, subject to approvals.
  • Basuray has over 26 years of experience within Castrol, including international roles.
  • He previously served as Whole-time Director & Interim CEO of the company.