A lubricative composition for industrial machinery and equipment which comprises a base oil selected from among mineral oils, fats and oils, synthetic oils and mixture of two or more of them, and at least one additive selected from among the following components (A) to (D): component (A): (A-1) a phosphorus-containing carboxylic acid and/or (A-2) a thiophosphoric ester, component (B): a dispersant viscosity index improver, component (C): (C-1) a specific amidocarboxylic acid compound and/or (C-2) a specific carboxylic acid compound, and component (D): an ester oiliness improver. The composition is favorable as a lubricating oil composition and useful as a gear oil composition, a lubricating oil composition for paper machines or a lubricating oil composition for slide guides, a hydraulic oil, or the like.