V Satish Kumar has assumed additional charge as Chairman of Indian Oil Corporation Limited (IOCL) effective from September 1. In addition to his new role, he will continue serving as Director (Marketing), a position he has held since October 2021. Kumar’s tenure as Director (Marketing) has been marked by significant achievements, including maintaining uninterrupted supplies of petroleum products even during natural calamities and geopolitical disruptions like the Ukraine-Russia conflict. He also held the additional charge of Director (Finance) from October 2022 for one year.
With a career spanning 35 years, Kumar has held key positions across various regions in India, playing a vital role in sustaining Indian Oil’s leadership in the petroleum marketing sector. His leadership saw Indian Oil achieving its highest-ever physical performance over the past three years, modernizing retail outlets, and expanding its infrastructure with new bottling plants and terminals. Kumar also led the company’s efforts in marketing alternative and clean energy solutions, establishing Indian Oil as a leader in E-mobility, biofuel blends, and other green initiatives.
Under his guidance, Indian Oil’s brand strength index climbed to 9th globally and reached 3rd place among top Oil & Gas companies. Prior to his current roles, Kumar was the State Head for Madhya Pradesh and Chhattisgarh, where he was instrumental in implementing key government initiatives like the Direct Benefit Transfer for LPG consumers (DBTL) and the Pradhan Mantri Ujjwala Yojana (PMUY). As Chairman, Kumar is committed to steering Indian Oil towards continued growth, sustainability, and global leadership in the energy sector.
