Indian Oil, a Maharatna company, stands as India's largest commercial organization and holds the top rank among Indian companies in the Fortune ‘Global 500 listings (2017). Driven by a team of dynamic leaders, the company has established itself as a key player in the energy sector. With a workforce of over 34,000, Indian Oil has been fulfilling the country’s energy demands and ensuring the widespread availability of petroleum products for over five decades.

Focused on global expansion, Indian Oil aims to extend its business operations worldwide. In 2017–18, the company planned an investment of ?20,000 crore for acquisitions and international expansion. The previous year, it had made a similar investment, allocating around ?16,000 crore for various Indian projects and an upstream acquisition in Russia.

Indian Oil operates with a clear vision, ensuring that employees understand organizational goals and their roles in achieving them. While changes and uncertainties cannot be eliminated, they can be anticipated, allowing for proactive managerial responses. Policy formation plays a crucial role in coordinating efforts across divisions, departments, and individuals, reducing confusion and misunderstandings. By looking ahead and evaluating alternative courses of action, managers can make informed decisions that drive the company’s continued growth and success.