Oil India Limited is a premier state-owned public sector enterprise primarily owned and controlled by the Government of India. The central government holds a majority equity stake of approximately 56.66% through the Ministry of Petroleum and Natural Gas. The remaining shares are distributed among institutional investors, mutual funds, domestic financial entities, and individual public shareholders on major Indian stock exchanges. Recognized as a Maharatna enterprise, its strategic management and operational directives are closely aligned with national energy security goals and public sector guidelines.