Hinduja Group’s Gulf Oil Targets Overseas Deals Before Potential IPO
What Happened
Hinduja Group-owned Gulf Oil Lubricants is scouting acquisitions in South America and Southeast Asia as it accelerates its international expansion. The company also plans to return to Mexico and enter the US in 2027. The group is considering a global listing of Gulf Oil International within three to five years, although the venue and exact timing have not been decided. In India, it is also expanding manufacturing capacity.
Key Takeaways
Gulf Oil is using acquisitions, new-market entry and capacity expansion to build a larger global business before a potential international listing.