New Delhi: India’s leading oil and gas PSU Oil and Natural Gas Corporation Limited has announced the appointment of Mr. Anupam Agarwal (DIN: 09601339) as its new Director (Finance), effective June 3, 2026. The appointment aims to further strengthen the company’s financial strategy, governance, and long-term value creation.
The decision has been approved by the Ministry of Petroleum and Natural Gas, Government of India, and disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Tenure of Appointment
Mr. Anupam Agarwal will serve as Director (Finance) until:
- His superannuation on July 31, 2028, or
- Until further orders, whichever is earlier
In this role, he will oversee ONGC’s financial strategy, treasury operations, and overall financial governance framework.
Extensive Experience in Finance and Energy Sector
Mr. Agarwal brings over 35 years of experience in finance and commercial management within the oil and gas industry.
His qualifications include:
- Fellow Member, Institute of Cost Accountants of India
- Associate Member, Institute of Company Secretaries of India
- Chartered Financial Analyst (ICFAI, Hyderabad)
He joined ONGC in 1990 as a Finance & Accounts Officer and has worked across major locations including Baroda, Dehradun, Jorhat, Mumbai, and Delhi.
Key Roles and Previous Leadership Positions
Before this elevation, Mr. Agarwal served as:
- Director (Finance), ONGC Videsh Limited (since June 2022)
- Chairman, ONGC Overseas Investment Limited
During his tenure, he played a key role in strengthening global financial operations and improving governance structures across overseas entities.
Major Contributions in ONGC and Global Operations
Mr. Agarwal has contributed significantly across multiple financial domains, including:
- Taxation and corporate budgeting
- Investor relations and policy formulation
- Project appraisal and financial planning
- Upstream bidding and international expansion strategies
Key Achievements:
- Raised over USD 3 billion through structured financing initiatives at ONGC Videsh
- Helped establish a global treasury centre at GIFT City
- Strengthened financial governance and cost efficiency in overseas operations
Regulatory Compliance and Governance Disclosure
ONGC confirmed that Mr. Agarwal is:
- Not debarred by SEBI or any regulatory authority
- Fully compliant with listing and disclosure requirements
The announcement was made in line with SEBI regulations to ensure transparency in board-level appointments.
Strategic Importance of the Appointment
The appointment comes at a crucial time as ONGC continues to focus on:
- Financial resilience
- Global expansion
- Energy transition initiatives
- Operational efficiency and cost optimization
His extensive domestic and international financial experience is expected to support ONGC’s long-term growth strategy.
About ONGC
Oil and Natural Gas Corporation Limited is India’s largest crude oil and natural gas company and a Maharatna PSU under the Ministry of Petroleum and Natural Gas. The company is engaged in exploration, production, and development of oil and gas resources both in India and internationally, playing a key role in ensuring the country’s energy security.
