Ashok Goel founded Gulf Petrochem Group in 1998 and serves as its chairman, while his younger brother Sudhir is its managing director, overseeing finances. The duo started out in various ventures in petrochemicals manufacturing and distribution in Delhi and Gujarat in 1993 before moving to Dubai and starting Gulf Petrochem. Today, the group has operations in oil trading, bunkering, manufacturing and refining, shipping and logistics and storage terminals. It exports petroleum products all over the world and has trading offices in Dubai, Mumbai, Delhi and Singapore. The group has reportedly recently restructured its finances, making arrangements with banks to help it fulfil its expansion plans.