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Savita Oil Technologies Limited (BSE: 524667, NSE: SOTL) was founded in 1961 by Mr N. K. Mehra.

Savita Oil is Asia’s first carbon positive petroleum company and the only petroleum speciality company to be awarded with the ISO 9001 certification in the sector. Savita Oil has chartered over 50 glorious years of growth and has a turnover in excess of Rs.2000 Crore.

It has a diverse range of products including Transformer oils, automotive oils, lubricating and white mineral oils and specialty polymer products like petroleum jelly, waxes and emulsions. Savita Oil also has set up wind mills for generation of renewable energy in India.

Background
Mr N. K. Mehra set up the first manufacturing unit at Saki Naka, Mumbai in the year 1961 to manufacture liquid paraffin as an import substitute. At present, Savita Oil has evolved to be a well-diversified company with a strong global reach, products and partners that are spread across 75 countries. Savita Oil has vendor relations with most of the Original Equipment Manufacturers (OEMs) in On Road and Off Road Vehicle Segments in relation to its Lube products.

Savita Oil firmly believes in the concept of “Bonds Build Businesses” by striving to build value based relationships with their customers, suppliers, employees and all other stakeholders and continues to follow this philosophy in all its spheres.

1961-2007:
In 1961, Mr N. K. Mehra founded Savita Oil by setting up its first manufacturing unit at Saki Naka, Mumbai. In 1976, its R & D department was setup and was one of the first to be recognised by Government of India’s Department of Science and Technology.

In 1992, Savita Polymers Ltd. was incorporated to manufacture polymer based compounds and cable filling compounds and waxes.

In 1994, Savita Oil was listed on the [https://www.bseindia.com/stock-share-price/savita-oil-technologies-ltd/sotl/524667/#! Bombay Stock Exchange] and National Stock Exchange of India. In 1994, Savita Oil launched an entire range of [|Automotive] and Industrial Lubricants. Savita Oil’s products were accredited with an ISO 9001 certification making them the first [|petroleum] speciality company in the private sector industry to gain this.

In 1999, Savita invested in clean, inexhaustible and sustainable sources of [|renewable energy]. The Renewable energy division set up its first wind farm at Vankusawade which is based in Satara and consisted of three 350 KW windmills. At present, the company has installed a total of over 54.15 MW at 18 sites located in parts of Maharashtra, Karnataka and Tamil Nadu.

By 2002, Savita was exporting to nearly 75 countries worldwide.

In 2007, Savita created Savsol, its own retail brand of Lubricating Oils.

Savsol Lubricants
To carry forward its life-long commitment of environment preservation, Savita Oil re-launched Savsol in 2018. In its latest avatar, Savsol has launched a varied range of lubricating oils that boost vehicular performance whilst sticking to environmental norms. At present, all its activities are a part of the umbrella thought of ‘The Green Performer’, which personifies Savsol’s commitment to low polluting oils and lubricants. Currently, majority of its lubricating oils meet the [|BSIV emission norms].