Siddesh N. Savant: The Visionary Leading Ultra Group to New Heights

Siddesh N. Savant, a prominent figure in the lubricant industry, serves as the Chief Executive Officer of Ultra Plus Lubes Pvt. Ltd., West Coast Lubricants & Asphalts Pvt. Ltd., and Ultra Labs. Under his leadership, these companies have achieved remarkable growth and innovation. Siddesh N. Savant is a key player within the Ultra Group, a family-managed enterprise deeply rooted in the lubricant industry. Ultra Group is renowned for blending a wide range of lubricant oils and specialty products, with Ultra Labs leading in oil analysis services. Siddesh’s educational background and extensive practical experience have equipped him to effectively drive business development and diversification initiatives.

Siddesh’s career in the lubricant industry is marked by significant milestones. As CEO of Ultra Plus Lubes Pvt. Ltd. and West Coast Lubricants & Asphalts Pvt. Ltd., he has spearheaded numerous B2B strategies, forging partnerships with MNCs and expanding the company’s client base. His role at Ultra Labs, which he founded in 2016, showcases his dedication to innovation and technology adoption. Under his leadership, Ultra Labs achieved a 900% revenue increase over eight years and a remarkable 1100% rise in processed samples.

Siddesh provides visionary leadership, setting innovative directions and long-term goals for the Ultra Group. He focuses on identifying growth opportunities, diversification strategies, and expanding market presence in the lubricant industry. His commitment to maintaining high-quality standards and ensuring regulatory compliance has been integral to the group’s success.

Siddesh holds an IMBA in Entrepreneurship from Nyenrode Business University, Amsterdam, and a Bachelor of Engineering in Computer Engineering from Mumbai University. His academic background, combined with his practical experience, has been instrumental in his ability to drive innovation and efficiency in the lubricating oil industry.

The legacy of N. N. Savant, Siddesh’s father, who had a distinguished career in the lube oil industry, has significantly influenced Siddesh. N. N. Savant’s contributions, particularly in establishing advanced blending plants for global entities, laid the foundation for Ultra Plus Lubes Pvt. Ltd. and West Coast Lubricants & Asphalts Pvt. Ltd. Recognizing the need for oil analysis services, Siddesh established Ultra Labs in 2016, leading it to rapid growth and prominence within the sector.

Ultra Plus Lubes Pvt. Ltd., West Coast Lubricants & Asphalts Pvt. Ltd., and Ultra Labs are committed to providing efficient, innovative, and complete solutions at controlled costs in the lubricating oil industry. The company’s vision is to be India’s most respected and preferred value-added service provider for toll manufacturing of lube oil, specialty products, and oil analysis. This vision is driven by a commitment to quality, service, innovation, customer orientation, and adherence to international standards.

In the short term, Siddesh aims to increase market penetration by 20% within the next fiscal year, reduce operational expenses by 7%, enhance employee skills through specialized training programs, and improve customer satisfaction ratings by 10%. Long-term goals include achieving 30% of revenue from sustainable energy projects within five years, investing in renewable energy, establishing an international presence in key markets, becoming a leader in innovation through R&D initiatives, and enhancing corporate social responsibility efforts. 

Siddesh N. Savant’s journey is a testament to vision, integrity, and relentless drive, earning him a spot among the 40 under 40 India 2024 leaders. Under his leadership, Ultra Group has set new benchmarks for excellence and innovation in the lubricant and oil analysis industries.