In 1991, opening up of the petroleum sector to private enterprise spurred the company to expand with another plant put up in Daman to back up the plant in Vasai to meet increasing demands. Sah Petroleums Limited became a listed company in 2004 to further meet its expansion plans. The company made rapid strides into the Industrial & OEM lubricants, rubber process oils and export markets

In the year 2005 IPOL made a strong entry into the automotive lubricant retail markets, growing rapidly till date. IPOL has introduced several specialty products over the years.

In 2008 Company joined hands with Navis Capital to further expand in the petroleum industry