Company Description
Tide Water oil has been one of the leading players in the Indian lubricant industry since 1928. It manufactures and markets Veedol brand of lubricants. With a pan-India distribution network, Tide Water Oil has the spread and penetration to provide its products to every nook and corner of the country. The extensive distribution network consists of 50 distributors and over 650 direct dealers servicing over 50,000 retail outlets. The network is fed by 5 plants and over 55 depots located strategically across the country. Its repertoire of automotive products includes engine oils for trucks, tractors, commercial vehicles, passenger cars, and two/three wheelers. It also produces gear oils, transmission oils, coolants, and greases for automobiles. For industrial application it manufactures industrial oils, greases, and specialty products like metal working fluids, quenching oils, and heat transfer oils. Tide Water has tie-ups, for the manufacture of genuine oils, with a number of renowned OEMs in the automotive and industrial equipment segment. Quality has been a key area of focus and the company has continued to innovate with high performance products keeping pace with advancements in technology and market needs. It has two R&D centres where new products are developed as per market needs. It has been a pioneer in the manufacture of latest engine oils that exceed JASO FC, API SM, and API CI-4 Plus performance levels in India. The R&D centre for lube-oils is located at Turbhe in Navi Mumbai and the R&D centre for greases is at Oragadam, near Chennai. These R&D centres are approved by the Department of Scientific & Industrial Research, Ministry of Science and Technology, Government of India. Tide Water Oil Co. (India) Ltd. has its registered office in Kolkata, West Bengal. Standard Greases and Specialities Ltd. and Andrew Yule & Co. Ltd. are the two largest shareholders of the company.
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