Castrol India has announced the resignation of its Managing Director, Kedar Lele, effective from the end of business hours on December 31, 2025, to pursue opportunities outside the company.
In light of this development, the Board of Directors has appointed Saugata Basuray as the Interim Chief Executive Officer of the company, effective January 1, 2026, until a new Managing Director is appointed. Basuray will continue to serve as the Wholetime Director and Head B2C Sales, and will be redesignated as Wholetime Director and Interim CEO.
Basuray, who joined Castrol India in 1999 as a Management Trainee, has held multiple leadership roles across sales, marketing, and business management in India and overseas. Over his 25-year career with the company, he has worked in markets across Asia and Europe, led marketing initiatives for Castrol Edge in the UK, and headed operations in the Philippines and Indonesia before returning to India to lead the B2C business.
The announcement has been made following the company’s Board Meeting held on October 10, 2025, as per the company’s filing with stock exchanges.
