New Delhi: The Public Enterprises Selection Board (PESB) has recommended Mr. Anupam Agarwal for the post of Director (Finance) at Oil & Natural Gas Corporation Limited (ONGC), a Schedule A Public Sector Enterprise. The recommendation was finalized in PESB Meeting No. 17/2026, held at 08:45 AM today.
Mr. Agarwal’s extensive experience in corporate finance, energy sector operations, and leadership roles across ONGC and its subsidiaries were cited as key factors in his recommendation.
Career Profile of Mr. Anupam Agarwal
Mr. Agarwal has been serving as Director (Finance) of ONGC Videsh Limited since 18th June 2022, a wholly-owned Schedule ‘A’ subsidiary of ONGC. His initial recommendation for this role was made by PESB on 28th February 2022 and subsequently approved by the President of India.
Before joining ONGC Videsh Limited, Mr. Agarwal served as Executive Director (Finance) at ONGC from January 2020. He began his career with ONGC in 1990 as a Finance & Accounts Officer, steadily rising to senior leadership roles, including Executive Director – Chief Corporate Finance.
Mr. Agarwal has managed diverse responsibilities throughout his career, including:
- Direct and Indirect Taxation
- Corporate Budgeting & Project Appraisal
- Policy Matters and Investor Relations
- Bidding for NELP and DSF Blocks
- Strategic Corporate Finance initiatives across multiple locations including Dehradun, Mumbai, Assam, and Baroda
Read also: PESB Selects Satyan Kumar as New Director for Strategy & Corporate Affairs at ONGC
Educational and Professional Credentials
Mr. Agarwal holds a Bachelor’s degree in Commerce and an MBA in Finance from Lucknow University. He is also:
- Fellow Member, Institute of Cost Accountants of India
- Associate Member, Institute of Company Secretaries of India
- Chartered Financial Analyst (CFA) from ICFAI Hyderabad
These qualifications, combined with his decades of corporate finance expertise, make him a strong candidate for the strategic leadership role at ONGC.
Other Candidates Considered for Director (Finance), ONGC
Several other senior executives were interviewed by PESB for the post, including:
- Mr. Devendra Kumar – Director (Finance), Mangalore Refinery & Petrochemicals Limited
- Mr. Amit Mitra – Executive Director, HPCL
- Mr. Amol Babulal Taori – Executive Director, HPCL
- Mr. Abhijit Das – Chief General Manager, Oil India Limited
- Mr. Uttam Paul – General Manager, Oil India Limited
- Ragini Advani – Director (Finance), Ircon International Limited
- Mr. Chakresh Kumar Jain – Executive Director, Indian Oil Corporation Limited
- Mr. Ashok Kumar Jain – CGM, Indian Oil Corporation Limited
- Mr. Sundeep Pal – Executive Director, Railways (Pay Commission)
- Mr. Rabindra Nath Mishra – Member (Revenue), RLDA
PESB highlighted Mr. Agarwal’s proven leadership, financial acumen, and sector expertise as decisive factors for his recommendation.
Anticipated Role as Director (Finance)
PESB stated that Mr. Agarwal’s appointment as Director (Finance) is expected to strengthen ONGC’s strategic financial planning, governance, and global operations. His leadership will be pivotal in managing financial risks, investments, and capital allocation across ONGC’s domestic and international operations.
About ONGC
Oil & Natural Gas Corporation Limited (ONGC) is India’s largest oil and gas exploration and production company. A Schedule A Public Sector Enterprise, ONGC plays a crucial role in India’s energy security, operating across exploration, production, refining, and global ventures through subsidiaries like ONGC Videsh Limited.
Read also: ONGC Videsh Q3 Results: Overseas Arm Fuels 23% Profit Surge, $1.1 Billion Dividends in Focus
