Indian Oil Corporation (IndianOil) is India’s Largest Commercial Enterprise, with a net profit of ₹103.99 billion (US$1.5 billion) for the financial year 2015-16.
Standing true to its corporate vision of being ‘The Energy of India’, IndianOil has been successfully meeting the energy demands of India for more than five decades. Being India’s flagship national oil company, IndianOil with a work-force of 33,000 efficient minds is living their vision of becoming ‘a globally admired company’. It is the leading Indian Corporate in Fortune’s prestigious ‘Global 500’ listing of world’s largest corporates at 161st position for the year 2016.
IndianOil's business interests overlap the entire hydrocarbon value-chain—from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil. And from marketing of natural gas to petrochemicals. Also, IndianOil has ventured into alternative energy and globalisation of downstream operations. With subsidiaries in Sri Lanka, Mauritius and the UAE, IndianOil is scouting for new business opportunities in the energy markets across Asia and Africa. It has also formed about 20 joint ventures with reputed business partners from India and abroad to pursue diverse business interests.