Global Leader in Oil – Mauritius
IOML was incorporated as a company in Mauritius in 2001. But only after commissioning of its State-of-the-Art terminal, physical operations started in 2004. We spoke to them about how they initially ventured into aviation and retail business, and have slowly paved their way to the entire spectrum of petroleum marketing in Mauritius and continue to grow from strength to strength.
Over the years, IOML has developed the required resources in terms of equipment, plant, machinery and labour to cater to the increasing needs of the industry. It has not only fulfilled the main objective of the Government in stabilizing the market but also has made a visible mark as a responsible player in Petroleum Industry of Mauritius.
For the period of 2014-15, IOML has registered a turnover of Rs 8.84 billion and a profit of Rs 181 million. In fact, in the top hundred listing of companies, it has been ranked at no. 9 in terms of turn over. IOML is the proud leader in the aviation business with about three fourths of the market share. Achieving all these within a decade of physical operation has been no mean feat.
IndianOil (Mauritius) was established with a vision of making a difference and stabilizing the Oil Market in Mauritius, which it has done commendable. Not only has it brought in competition to the market, it has set itself apart through innovative offerings in terms of services to the customers. It was the first company that started 24 hours operations in its filling stations. It is also the first company in Mauritius to have a fully Solar Powered Filling station and also the first to offer a Non-Space Dispensing Unit. It is also the only company in Mauritius which has an ISO certified laboratory of its own and is the only company which receives all its products through segregated pipelines, thus maintaining the quality of fuel at all levels.
Our approach towards our clients has been laid on trust and good business relationship. Often, this business approach opens up to new clients and newer business opportunities. We ensure that this model of business is respected at all levels of the company.
In IndianOil (Mauritius), we believe in transparency and openness. It is quite a small team of young professionals at the working level. The basic approach has been to have mutual trust and not to have any glass ceilings. The team is totally aligned to the vision of ‘Being in Every Heart & Every Part’ in Mauritius. Inspired by its parent company Indian Oil Corporation Ltd, societal objectives have always been accorded highest priority.
IndianOil (Mauritius) has been moving forward in all its objectives thanks to the support and assistance of all its stake holders. This award further vindicates our commitment as well as the love and affection bestowed upon us by our stakeholders. At the same time, this also provides us with moral support and tremendous encouragement to continue with our resolve for servicing our customers better and better.
Company: IndianOil (Mauritius) Ltd
Name: Ranjan Kumar Mohapatra, Managing Director
Email: indianoil@ioml.mu
Web Address: www.ioml.mu
Address: IndianOil (Mauritius) Ltd, Mer Rouge, Port Louis, Mauritius
Telephone: (+) 230 2172710
