Shell Completes Acquisition of Raj Petro

Mumbai, 4 July 2025: In a strategic move to scale up its footprint in one of the world’s fastest-growing lubricants markets, global energy major Shell has acquired 100% equity interest in Raj Petro Specialities Pvt Ltd, a Mumbai-based firm formerly owned by Germany’s Brenntag Group. The acquisition marks a significant push by Shell to deepen its presence in India, which ranks as the third-largest lubricants market globally. Despite the strategic move, Shell’s share price saw a marginal dip of 0.12%, trading at 2,617.28 GBX at 9:39 AM. The stock opened at 2,608.50 GBX, touched a high of 2,624.50 GBX, and a low of 2,607.00 GBX. The

100% Acquisition to Strengthen Shell’s Local Capabilities

Shell confirmed the complete acquisition of Raj Petro, enabling it to enhance its market reach across multiple high-growth segments, including pharmaceuticals, personal care, power transmission, and specialty white oils. This move is in line with Shell’s broader strategy to expand its operations in India and cater to the diverse needs of industrial and retail consumers.

“This acquisition marks a significant milestone for our lubricants business in India,” said Mansi Madan Tripathy, Chairman of Shell Group of Companies in India and Vice President – Lubricants Asia Pacific. “We aim to serve more consumers with a broader range of products at the right price points.”

Manufacturing and R&D Synergies Expected to Drive Operational Efficiencies

Raj Petro brings with it robust manufacturing and research capabilities, supported by two plants located in Chennai and Silvassa, with a combined production capacity of 350,000 tonnes per annum. Shell expects this integration to create operational synergies across its supply chain, product innovation, and distribution channels.

According to Tripathy, “Raj Petro adds a complementary portfolio that strengthens our position in B2B segments and offers exciting growth avenues.” Shell’s offering will now include an expanded product line-up, such as transformer oils, petroleum jellies, white oils, and waxes, which are in high demand across industries.

Expanded Reach to Leverage Raj Petro’s Global and Domestic Network

Shell’s current lubricants business in India includes a blending plant in Taloja, Maharashtra, and a vast distribution network of over 200 partners serving 50,000 retail and industrial outlets. The integration of Raj Petro will enhance Shell’s ability to penetrate new customer segments and improve overall distribution efficiency.

In addition to its strong domestic presence, Raj Petro operates in over 100 countries, providing Shell a wider global footprint and opportunities for cross-border synergy and portfolio optimisation.

Strong OEM Partnerships and Innovation in Emerging Segments

Shell Lubricants India continues to build on its partnerships with leading automotive OEMs such as Maruti Suzuki, Hyundai, Mahindra, Nissan, and BMW, as well as industrial clients including Volvo, John Deere, Komatsu, and Thermax. The company is also venturing into innovative and niche segments like data centre cooling fluids, reflecting its commitment to next-generation energy solutions.

Acquisition Reinforces Shell’s Long-Term Commitment to Indian Market

While the financial terms of the deal have not been disclosed, the acquisition is part of Shell’s larger investment strategy of over USD 5 billion in India. With enhanced manufacturing strength, a broader product suite, and improved access to both domestic and international markets, Shell is well-positioned to capitalise on India’s growing industrial and automotive demand.

This acquisition not only strengthens Shell’s portfolio but also reinforces its long-term commitment to India’s energy and industrial transformation.

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