Castrol India MD Kedar Lele resigns, Saugata Basuray appointed Interim CEO

Currently, Saugata Basuray heads the B2C business segment at CIL

by e4m Staff
Published: Oct 10, 2025 4:19 PM | 2 min read

Castrol India MD Kedar Lele resigns, Saugata Basuray appointed Interim CEO

Castrol India Managing Director Kedar Lele will resign effective December 31, 2025, as announced in a BSE filing.
Saugata Basuray has been appointed as Interim CEO starting January 1, 2026, in addition to his current role as Wholetime Director & Head B2C Sales.
Basuray has over 25 years of experience with Castrol India, having held various roles in sales, marketing, and business leadership across multiple countries.
He has a background in strategic leadership and has significantly contributed to the company's transformation and distribution expansion in India.

Castrol India has announced that Managing Director Kedar Lele has decided to move on from the company. His resignation will be effective December 31, 2025.

The company, in a BSE filing, informed that the Board of Directors has appointed Saugata Basuray as Interim CEO with effect from January 1, 2026, until a new Managing Director is appointed. Basuray will take on the role of Interim CEO in addition to his current role of Wholetime Director & Head B2C Sales and consequently he will be re-designated as ‘Wholetime Director & Interim CEO’ with effect from 1 January 2026.

With over 25 years of experience across sales, marketing, and business leadership, Saugata Basuray has built a rich and diverse career with Castrol India Limited (CIL).
He joined the Company as a Management Trainee in 1999, soon after completing his MBA from Symbiosis Institute of Business Management (SIBM) and has since grown through a series of impactful roles in India and abroad.

Saugata has worked in four countries across two continents, giving him a deep understanding of operating in diverse markets and through different economic cycles. Early in his career, he served as Executive Assistant to the Managing Director of CIL and Regional Vice President, BP — an experience that offered him a close view of strategic leadership and global business operations.

In 2008, he moved to Castrol’s global headquarters in the UK, where he was part of the marketing team that helped shape Castrol Edge into a global power brand. After returning to India, he led sales for the B2B channel and later served as Head of Marketing for Castrol India. He went on to lead Castrol Philippines (2013–2017) and subsequently took charge as Managing Director of Castrol’s joint venture in Indonesia.

Currently, Saugata heads the B2C business segment at CIL, where he has driven a multi-year transformation of the company’s go-to-market model and significantly expanded Castrol’s distribution network deep into rural India.

Saugata holds an Engineering degree from the University of Pune.