Incorporated on 13 Aug.'93 as Mafatlal Lubricants, Motul Mafatlal Lubricants got its present name in 1994. It was promoted by Shanudeep, a constituent of the Stanrose group. The company manufactures automotive and industrial lubricants. The company has a technical and financial collaboration with Motul, France. Motul holds a 30% stake in the company. It came out with a public issue in Nov.'94 to part-finance the project to manufacture high-grade automotive and industrial lubricants, hydraulic brake fluids, radiator coolants and certain allied products such as metal working lubricants and temporary corrosion preventives with an installed capacity of 15,000 klpa. According to the formulation, a selected quality of base oils and additives are taken in reaction / blending vessels in required proportions, heated and reacted / mixed under controlled conditions, listed and filled in containers. The company has a well-organised marketing network for its products. It has set up regional sales offices at Bombay, Bangalore, Calcutta, Delhi and Madras. The company continues manufacturing and marketing of `MOTUL' brand of lubricants which has been very well established and is known for its high quality.