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Bombay Oil Industries Limited is an Indian holding company based in Mumbai, Maharashtra. Its subsidiaries have interests in agriculture, spices, consumer goods, and chemicals.

History
Bombay Oil traces its origins back to 1862, when Kanji Morarji moved from Kutch to Bombay and established a business trading spices and other goods from Kerala. Morarji recruited his nephew, Vallabhdas Vasanji to join the business in the early 20th century. Morarji and Vasanji began exporting pepper and ginger to Europe, and over time, expanded their product line to include copra, coconut oil, and other agricultural commodities. Vasanji had four sons who all joined the family business. The family's expertise in the pepper trade earned them the name "Mariwala" (mari means pepper in Gujarati) and Vallabhdas Vasanji subsequently adopted the name Vallabhdas Mariwala.

Mariwala and his four sons founded Bombay Oil Industries Limited (BOIL) in 1947. The company aimed to leverage the family's strength in the commodities trade and combine it with manufactured goods. BOIL established four manufacturing units between 1947 and 1971, three of them in Mumbai. These units included a plant in Sewri to extract coconut oil from copra, a vegetable oil refinery in Mazgaon, a chemical plant in Bhandup, and a plant to extract spices near Kochi in Kerala.

In 1980-81, BOIL split its business into three distinct divisions - consumer products, fatty acids and chemicals, and spice extracts.

In June 1990, BOIL underwent a massive restructuring exercises splitting the company's businesses into four distinct companies controlled by each of the Mariwala children. The process was intended to avoid any conflict within the family, and also to help BOIL specialize in each business. The consumer products division became Marico Limited. Epro Biotechnologies was established to manufacture hybrid seeds. BOIL's spice extracts division was spun off into a firm called Kancor Flavours and Extracts Ltd, in which US-based McCormick held a 40% stake. BOIL also acquired Pune-based Hindustan Polyamides and Fibres Ltd and transferred control of the chemical division to the newly acquired firm.

BOIL retained ownership of its popular Parachute and Saffola brands. The company leased the brand rights to Marico in exchange for regular royalty payments. On 14 June 2000, Marico purchased the brand rights for the Parachute and Saffola brands from BOIL for inr 300000000.