Indian Oil Corporation Limited (IOCL), d/b/a IndianOil, is an Indian government-owned oil and gas corporation. It is under the ownership of Ministry of Petroleum and Natural Gas , Government of India headquartered in New Delhi. It is the largest commercial oil company in the country, with a net profit of ₹43,242 crore (US$6.1 billion) for the financial year 2020-21. It is ranked 2nd in Fortune India 500 list for year 2020 and 151st in Fortune Global 500 list of world's largest companies in the year 2020. As of 31 March 2020 Indian Oil's employee strength is 33,498, out of which 17,704 are executives and 15,794 non-executives. It is India's largest downstream oil company. With product sales of 80.0 MMT in 2020-21, IOCL owns and operates 11 out of 23 Refineries in India with combined refining capacity of over 80.0 MMT per annum. Since 2018, Indian oil Corporation has opened up its Representative office to offer various Petroleum / Petro Chemicals and Specialty Products in Bangladesh Market.