Indian Oil Petrol Pump Dealership: Basic Criteria, Advertisement, Investment, Applying Process | SkillsAndTech

Indian Oil Corporation Limited (IOCL) is one of the largest and major petrochemical companies in India. There are three major companies in India. This includes Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, and Indian Oil Corporation Limited. Today with this article, we will discuss the Indian Oil Petrol Pump Dealership Retail Outlet Advertisement 2022. If anyone wants to open Indian petrol pump Dealership, then Indian Oil will surely provide you with that opportunity.

Wiki

Indian Oil deals in oil, gas along with petrochemical alternative energy sources. In the year 2019-20 company’s turnover was 6,67,950 Crore Rupees. It is also holding 151 ranks in the world’s largest copper rates in the Fortune Global 500 listing. Their prime objective is to become number one in the list of the world’s largest Corporations.

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As India’s flagship national oil company in the downstream petroleum sector, Indian Oil has been fueling the energy demands of India for over five decades. With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, Indianian plays a significant role in fueling the socio-economic development of the country.

Website	http://www.iocl.com
Type	Public Sector Enterprise
Industry	Oil and Gas
Establishment	1959
Headquarters	New Delhi, Delhi
Traded as	BSE: 530965  & NSE: IOC
Product	LNGLubricantsNatural gasPetrochemicalsPetroleum
Subsidiaries	Indane (LPG) & Chennai Petroleum Corporation Limited
Predecessor	Indian Refineries Ltd. (1958) &  Indian oil corporation (1959)

Indian Oil Petrol Pump Benefits

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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.

Indian Oil Petrol Pump Cost

This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.

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Requirements

Space Required to Open Indian Oil Petrol Pump Dealership 

If you want to open Indian Oil Petrol Pump Dealership in the advertised location then the area required depends on your location. i.e your area comes under Rural, Urban, National Highway or others.

For Rural: 900 sq. mtr

For City: 600 sqmtr – 700 sqmtr

For Urban: 1200 sqmtr.

For NH/SH: 1200 sqmtr – 1600 sqmtr.

Note: 1 sqmtr = 10.76 sqft

Documents Required

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The applicant should furnish below-mentioned documents along with application form for IOCL retail outlet dealership.

• Permanent Resident Certificate.
• Proof of age should be supported by a copy of 10th Standard Board Certificate, Secondary School Leaving Certificate, Birth Certificate, Passport, and Identity card issued by Election Commission.
• Educational Qualification from overseas universities, boards, an equivalent certificate issued by the competent authority or State Government or Government of India.
• Copy of Passbook, account statement, deposit receipts.
• Redemption value – Valuation certificates along with a copy of NSC.
• Valuation certificates along with a copy of the Demat statement.
• Valuation certificates along with a copy of mutual fund certificates or Demat statements
• Registered societies or companies should have made a net profit for the previous three consecutive financial years duly certified by a Chartered Accountant
• Outstanding Sports Persons should attach a copy of the certificate from the from the Department of Youth Affairs and Sports, Govt. of India.
• Defence Personnel category person need to produced a certificate from Directorate General of Resettlement (DGR), Ministry of Defence, Government of India.
• Persons applying for dealerships under Freedom Fighters (FF) category should attach a certificate or Tamrapatra or a Pension Order issued by the Ministry of Home Affairs, Govt of India.

Documents Related To land for Indian Oil Petrol Pump Dealership

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• For the land, you need to submit the Khasra and Khatauni documents that the Revenue Department will issue.
• In the case of a lease, there is a need for a registered lease deed for a certain period of time.
• The Registered sale deed for the registered gift deed.
• Lease agreement letter that government or semi-government bodies have issued.

Documents Required for Ownership Proof

The applicant should furnish at least any one of the following materials in support of ownership of land offered for the IOCL petrol pump Dealership:

• Khasra or Khatauni or any equivalent revenue document or certificate from revenue official confirming the status of the purchase of the land
• Registered Lease deed for a minimum period
• Registered Sale deed or Registered Gift Deed
• Any other type of ownership or transfer deed document – Mutation
• Lease agreement letter issued by Government or Semi Government bodies

Eligibility Criteria For Indian Oil Petrol Pump Dealership

The eligibility criteria for starting Indian Oil Petrol Pump Dealership retail outlet is explained in detail below:

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For Individuals

• The applicants should be a citizen of India.
• Age of the IOCL dealer should not be less than 21 years and not more than 55 years except for Freedom Fighter under the CC2 category.
• For operating a Kisan Seva Kendra (Rural ROs), the applicant should be passed the minimum of 10th standard. In case the applicant cannot have minimum qualifications then he should be able to read write and count.
• For Regular ROs(Urban areas), the applicants should pass the 12th standard from any recognized board.
• In case of Kisan Seva Kendra, an applicant should be resident of the concerned District.
• In case you belong to SC/ST category then you can apply under SC/ST dealership, (Corpus Fund Scheme)
• Widows can also apply for IOCL dealership as based on the advertisement.
• Outstanding Sports Persons (OSP) such as Arjuna Awardees, Asiad /Commonwealth Games and Recognised World Champions, Winners of Medals at Olympics, National Champions under the Recognised National Championships, National Adventure Awardees is eligible under reserved category.
• Freedom fighters can apply for IOCL dealership under reserved category.
• Paramilitary/Police/Govt. Personnel (PMP) is also eligible for reserved category IOCL retail outlet dealership.

For Partnerships

All partners should have to individually fulfill the eligibility criteria as specified above and each partner should submit separate application forms.

For Entity (Non-Individual Applicants)

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Non-individual entity applicant means Government Bodies or Agencies, Societies registered under Societies Registration Act 1860 or societies registered under Co-operative Societies Act, 1912 or Co-operative Societies Act, Charitable Trusts registered with Charity Commissioner, Companies formed under the Companies Act, 1956 and 2013 (except Pvt. Ltd. companies).

• The entity should be recorded in India
• The date of Registration or incorporation of the entity should be a least three years
• Land: Concerning land, all conditions covered for individuals would apply excepting clauses are given for property owned by the family unit.
• Finance: All conditions mentioned for individuals will be applied for the entity.

For Finance

For Regular IOCL retail outlet, the fund requirement for eligibility will be Rs. 25 lakhs and for a rural retail outlet the fund requirement for eligibility will be around Rs. 12 lakhs. The funds can be in the below-mentioned forms:

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• Mutual Funds
• Funds in registered companies or Postal Schemes
• National Savings Schemes
• Funds in savings accounts, deposits with Bank
• Company shares

Note: Only 60% of the certified value (for stocks, Mutual funds & Bonds) will be considered for eligibility.

Not Eligible Applicants case

• A person selected for the IOCL Petrol Pump Dealership will have to pay attention towards day to day working by personally managing the affairs of the ROs dealership.
• IOCL Petrol Pump Dealers will not be permissible for taking up any employment.
• If the selected dealer is already employed, he or she will have to resign from the employment and have to submit a letter of acceptance of the resignation before the issuance of a letter of appointment (LOA) by the IOCL.

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• The LOA holder will have to give a notarized affidavit stating that she or he is not employed in the private sector or is not drawing any salary.
• An entity selected for the IOCL Petrol Pump Dealership will have to manage the day to day working or affairs of the dealership under the supervision of their employees and in line with the provisions of the dealership agreement.

Profit

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.

Suitable Location Of Indian Oil Petrol Pump Dealership

As we all are aware that the Indian Oil deals with petrol as well as diesel retail outlets. Now the company is acquiring a suitable land area. So that they can ensure your dealership.

• For the regular retail outlets:– For this, the company acquires a location of a national highway and urban semi-urban regions.

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• For the rural retail outlets:- It is also known as Kisan Seva Kendra(KSK). As they are situated in rural regions and not on highways.

Indian Oil Petrol Pump Dealership(ROs) Selection Process

• A State-wise advertisement will be published in local newspapers both in English as well as the regional language of that region.
• If anyone finds this advertisement fascinating, then they can easily apply for an Indian Oil petrol pump dealership. After their application, the selection process is entirely based on the taken interview.
• During this selection, procedure land is also a very essential part.

How to Apply For Indian Oil Petrol Pump 

To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.

Apply Here

FAQ

Is it profitable or not?

Ans: It is fast moving consumer good products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business

Conclusion

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So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you

Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.

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