Tide Water Oil Co. Limited Announces Appointment of D. S. Chandavarkar as Chairman of the Board
September 11, 2023 at 06:54 pm IST
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Tide Water Oil Co. (India) Limited announced Appointment of Shri D. S. Chandavarkar, Director in Additional charge of office as the Chairman of the Board of Directors along with current designation as Non-Executive and Non-Independent Director, with effect from 11th September, 2023 till the conclusion of 101st Annual General Meeting of the Company. Shri D. S. Chandavarkar has given a certificate stating that he is not debarred from holding the office of Chairman of the Board of Directors pursuant to any SEBI order. This has been
considered and noted while passing the resolution of appointment of Shri D. S. Chandavarkar as a Director of the Company. Shri. Durgesh Chandavarkar-an industrialist, an astute banker, a benevolent philanthropist, a visionary and above all, a compassionate human being Shri Chandavarkar having experience of over 40 years, is the Chairman & Managing Director of Standard Greases & Specialities Private Limited and Geotic Company Limited, Chairman of Royal Castor Products Limited, Director of Astrum Healthcare Private Limited, Standard Oils & Greases Private Limited, Tide Water Oil Co. (India) Ltd., Veedol International Limited based in United Kingdom, Director - Tarapur Grease Industries Private Limited, Director - Atlantic Lubricants & Specialities Pvt. Ltd. which is a joint venture with Motul France. Board of Director of SVC Co-operative Bank Ltd. From June 2018 and Chairman during the period July 24,2019 till date. Shri Chandavarkar is actively involved in various Community Social Responsibility (CSR) projects through Charitable institutions.
Tide Water Oil Co. (India) Ltd. is an India-based manufacturer and marketer of lubricants in over 65 countries around the globe. The Company is also engaged in the wind energy business. The Company's products categories include automotive lubricants, industrial lubricants and specialties. Its automotive lubricant products include two-wheeler oils, passenger car motor oils, commercial vehicle oils, heavy commercial vehicle oils, small commercial vehicle oils, tractor oils, off-highway oils and electric vehicle (EV) fluids. The Company's industrial lubricant products include machinery oils, thermic fluids, spindle oils, turbine oils, hydraulic and circulation oils, heavy duty hydraulic oils, compressor oils, refrigeration compressor oils, lithium soap greases, lithium complex greases, specialty greases, graphite greases, calcium soap greases, and industrial-specialty range. Its specialties products include vehicle sanitization and vehicle care. The Company owns the brand, Veedol.