Indian Oil Corporation (IndianOil) is the largest oil marketing company in India with a 47 per cent market share. It is India's largest commercial enterprise, with a sales turnover of Rs 4,38,710 crore (USD 65.391bn) and profits of Rs 19,106 crore (USD 2.85bn) for the year 2016-17. The improvement in operational and financial performance for FY 2016-17 reflected in the market capitalization of the Company, which grew two-fold, from Rs 95,564 crore as on 31st March 2016 to Rs 1,87,802 crore as on 31st March 2017.