IndianOil (Mauritius) Ltd is a subsidiary of IndianOil Corporation Ltd, India's largest commercial enterprise by sales with a turnover of USD 61 billion and profits of USD 1.74 billion in the year 2007-08. IndianOil Corporation Ltd is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, placed at the 116th position based on fiscal 2007 performance. It is also the 19th largest petroleum company in the world.