COMPANY INTELLIGENCE PROFILE
Bharat Petroleum Corporation Limited
BPCL is a Government of India Maharatna central public-sector enterprise engaged in refining crude oil and marketing petroleum products.
Business Overview
BPCL is a Government of India Maharatna central public-sector enterprise engaged in refining crude oil and marketing petroleum products. It operates three refineries (Mumbai, Kochi, Bina) with combined capacity ~35.3 MMTPA, holds ~27% share of domestic petroleum-product sales among PSUs, and runs ~25,323 retail outlets (FY26). FY25 sales volume >52.4 MMT; refinery throughput 40.51 MMT (FY25). Source: TheCompanyCheck (operations), CARE rating rationale (FY25 volumes/share/throughput).
Sector & Classification
Manufacture of refined petroleum products (Class 2320; oil refining & marketing). Source: GST/registry records.
Directors & Key Management
Directors — source notes
From Tofler (with DINs): Ramakrishna Gupta Vetsa (DIN 08188547, Whole-time Director); Sanjay Khanna (DIN 09485131, Whole-time/Managing Director); Subhankar Sen (DIN 09844251, Whole-time Director); Acharath Parakat Mahalil Mohamedhanish (DIN 02504842, Director); Rajkumar Dubey (DIN 10094167, Whole-time Director); Pradeep Vishambhar Agrawal (DIN 00048699, Director); Bhagwati Prasad Saraswat (DIN 09396479, Director); Gopal Krishan Agarwal (DIN 00226120, Director); Sushma Sushilkumar Agarwal (DIN 10065236, Director). Additional directors named by TheCompanyCheck (DINs not obtained): Vedveer Arya, Pushp Kumar Nayar. Sanjay Khanna listed as MD by TheCompanyCheck. Board composition may vary slightly between sources due to update timing.
GST Registrations
Primary GSTIN: 27AAACB2902M1ZT (Maharashtra). PAN: AAACB2902M. Home state: Maharashtra (state code 27). Registration date: 01/07/2017. Status: Active (Regular). Taxpayer type: Public Sector Undertaking. Number of registrations: CONFLICT — KnowYourGST reports 75 GSTINs; gstzen/search reports 72. Report ~72–75 registrations across states. Source: KnowYourGST + GSTZen.
Financials
Consolidated, FY ended 31 Mar 2026 (Screener): Revenue ₹455,228 Cr; EBITDA (operating profit) ₹41,202 Cr; PAT ₹25,843 Cr; Net worth ₹95,898 Cr; Borrowings ₹54,424 Cr. TheCompanyCheck reports FY2026 revenue ₹522,820 Cr and net worth ₹100,170 Cr (likely gross/total-income basis vs Screener net-revenue basis — CONFLICT on revenue definition; PAT ₹25,843 Cr agrees across both). Standalone figures not separately obtained. EBITDA reported by both as sharply up YoY (FY24 base was low).
Funding History
Not applicable — listed Maharatna PSU; no VC/PE funding rounds. Capital raised via public markets and debt instruments (NCDs, CP, bank facilities).
Loans & Charges
Not obtained in detail. BPCL has secured borrowings including NCDs; total borrowings ₹54,424 Cr (FY26, Screener). Specific MCA charge-register entries not fetched (registry charge tables not accessed).
Credit Ratings
Highest-grade AAA across all three agencies. CRISIL: CRISIL AAA/Stable / CRISIL A1+ (reaffirmed). ICRA: ICRA AAA/Stable (long-term). CARE: CARE AAA; Stable (long-term NCDs) and CARE A1+ (commercial paper), reaffirmed 04 July 2025 — rated instruments include NCDs (₹500 + ₹1,995.20 + ₹435.61 + ₹500 + ₹69.19 Cr) and CP (₹2,500 + ₹4,000 Cr). Source: CRISIL, ICRA, CARE press release (verified from CARE PDF, July 2025).
Legal & Compliance
High volume of litigation (Indian Kanoon: 15,000+ documents). Notable Supreme Court cases: BPCL v. N.R. Vairamani (2004, cited 516x); Ace Pipeline Contracts v. BPCL (2007); BPCL v. Maharashtra General Kamgar Union (1998); BPCL v. The Great Eastern Shipping Co. (2007); Commissioner of Sales Tax, Bombay v. BPCL (1992). Mostly commercial, labour, tax and contractual disputes typical of a large PSU. Source: Indian Kanoon.
Competitive Landscape
Indian Oil Corporation (IOCL) — larger PSU refiner/marketer; Hindustan Petroleum (HPCL) — comparable PSU peer (BPCL group-adjacent historically); Reliance Industries (O2C) — large private refiner; Nayara Energy (formerly Essar Oil) — mid-large private; Mangalore Refinery (MRPL) — mid-size PSU refiner; Chennai Petroleum (CPCL) — mid-size PSU refiner.
Frequently Asked Questions
What does Bharat Petroleum Corporation Limited do?
BPCL is a Government of India Maharatna central public-sector enterprise engaged in refining crude oil and marketing petroleum products.
What is the CIN of Bharat Petroleum Corporation Limited?
Bharat Petroleum Corporation Limited's Corporate Identification Number (CIN) is L23220MH1952GOI008931.
When was Bharat Petroleum Corporation Limited incorporated?
Bharat Petroleum Corporation Limited was incorporated on 03 November 1952. Confirmed by Tofler + TheCompanyCheck (agree). and is registered with RoC-Mumbai, Maharashtra. (TheCompanyCheck: "Mumbai"; Tofler: "Maharashtra" — same RoC.).
Who are the directors of Bharat Petroleum Corporation Limited?
Directors on record include Ramakrishna Gupta Vetsa (DIN 08188547); Sanjay Khanna (DIN 09485131); Subhankar Sen (DIN 09844251); Acharath Parakat Mahalil Mohamedhanish (DIN 02504842); Rajkumar Dubey (DIN 10094167); Pradeep Vishambhar Agrawal (DIN 00048699); Bhagwati Prasad Saraswat (DIN 09396479); Gopal Krishan Agarwal (DIN 00226120).
Where is Bharat Petroleum Corporation Limited registered?
The registered office of Bharat Petroleum Corporation Limited is at Bharat Bhawan, Ballard Estate, Mumbai, Maharashtra 400001. Confirmed by Tofler + TheCompanyCheck. (GST principal place of business listed as 4 & 6, Bharat Bhawan, Currimbhoy Road, Ballard Estate, Mumbai 400038 per KnowYourGST.).
Information compiled from public registry and secondary sources (as of 2026-07-28). It may be incomplete or dated; verify independently before relying on it. Known gaps: MCA charge-register entries not fetched; standalone financials not separately obtained; detailed related-party transaction schedule not obtained; two DINs (Vedveer Arya, Pushp Kumar Nayar) not obtained.