Castrol India Limited announced a major leadership transition following the resignation of its Managing Director, Kedar Lele. The company’s Board approved the appointment of Saugata Basuray as Interim Chief Executive Officer effective January 1, 2026.
At the Board meeting held on October 10, 2025, Castrol India confirmed that Kedar Lele will step down as Managing Director effective the end of business hours on December 31, 2025. His departure comes after years of leadership at the company, as he pursues new opportunities outside the organisation. The Board expressed appreciation for his service and contributions during his tenure.
To ensure continuity, the Board appointed Saugata Basuray as Interim Chief Executive Officer effective January 1, 2026. He will assume the new position while continuing as Whole Time Director and Head of B2C Sales. This temporary appointment will remain in place until a new Managing Director is formally named.
According to the company, Basuray is not related to any other Director or Key Managerial Personnel and is not debarred from holding the position by any authority.
Read More: Umang Vohra to Step Down as Cipla CEO: Education and Career Highlights!
With over 25 years of experience across sales, marketing, and business leadership, Saugata Basuray has been a long-time member of Castrol India. He joined the company in 1999 as a Management Trainee after completing his MBA from Symbiosis Institute of Business Management, Pune.
His journey spans roles in 4 countries, including a key stint at Castrol’s UK headquarters, where he helped establish Castrol Edge as a global brand. Over the years, he has led Castrol Philippines and served as Managing Director of Castrol’s joint venture in Indonesia. Currently, he heads the B2C business in India, driving strong growth across urban and rural markets.
The Board meeting, held on October 10, 2025, commenced at 2:45 PM and concluded at 3:00 PM IST. Alongside the leadership announcement, the company enclosed Lele’s resignation letter and disclosure details as per SEBI Regulation 30.
Castrol India’s leadership change marks the beginning of a transition period as the company prepares for its next phase of strategic growth. With Saugata Basuray’s deep experience and proven leadership within Castrol, the company aims to ensure operational stability and sustained performance in the coming months.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Oct 11, 2025, 2:18 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
