https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Vikas Kaushal Appointed Chairman and Managing Director of HPCL

Mr. Kaushal has become the first private sector consultant to assume the top position at a prestigious public sector company
Indian Masterminds Stories

On Monday, March 17, Mr. Vikas Kaushal took over as the Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL), making history as the first private sector consultant to assume the top position at a prestigious public sector company.

Also Read: Power Grid Approves Rs 341.57 Crore for Major Transmission Projects to Strengthen India’s Power Network

Mr. Kaushal, 53, previously worked with global management consultancy Kearney, where he spent over two decades advising leading state-owned oil and gas companies. This appointment marks his first operational role.

Career Background

Mr. Kaushal holds a degree in Chemical Engineering from Panjab University and an MBA from IIM Ahmedabad. His career began at ICICI Limited in Project Finance and Advisory Services, before transitioning to management consulting. Since 2000, he has been associated with Kearney (formerly A.T. Kearney), where he played a pivotal role in expanding the firm’s operations in India. He also served as a Partner for over 17 years and was the Global Leader for Energy and Process Industries, managing major global energy clients, including international oil and gas giants.

Mr. Kaushal’s leadership extended to managing A.T. Kearney’s operations in India, where he served as Managing Director and Country Head for five years and was Chairman of India Business until recently.

Appointment Process

Mr. Kaushal’s appointment follows a selection process led by a search-cum-selection committee, after the Public Enterprise Selection Board (PESB) failed to find a suitable candidate in interviews held in June last year. Despite interviewing eight candidates, including senior officials from HPCL and Indraprastha Gas Ltd, the PESB did not recommend anyone for the position.

Unlike PESB, which is limited to selecting from applicants, the search-cum-selection committee can invite candidates from a wider pool. The committee is composed of the PESB chairman, the oil secretary, and an independent expert.

HPCL’s top post has remained vacant since August 31, 2024, following the superannuation of Mr. Pushp Kumar Joshi.

Leadership Expertise

Mr. Kaushal’s appointment comes at a time when HPCL and other state-owned oil and gas companies are navigating significant challenges. With extensive expertise in oil, gas, power, renewables, and new energies, Mr. Kaushal is well-positioned to lead HPCL into the future. His leadership experience, including his role on Kearney’s Global Board of Directors and his chairmanship of the finance, audit, and governance committees, has equipped him with the skills necessary for strategic planning, corporate governance, and financial management.

Mr. Kaushal has been a trusted advisor to India’s leading oil and gas companies, including HPCL, and his new role is expected to bring fresh vision and direction to the company.

Also Read: Vikas Kaushal Appointed as HPCL Chairman & MD, Takes 80% Pay Cut


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IREDA
Result: IREDA Reports 41% Profit Surge in Q2 FY26; Loan Sanctions Jump 145%, India’s Clean Energy Drive Accelerates
Pre-COP30 Brasilia
India Pitches for Action-Driven Climate Agenda at Pre-COP30 Brasilia: Bhupender Yadav Urges End to 'Review Culture’
OP Singh IPS Haryana DGP
Who Is IPS OP Singh? Senior Police Officer Appointed as New Haryana DGP Amid Puran Kumar Suicide Controversy
bureaucracy news
IAS Archana Agrawal, IRTS Tripti Gurha, IFS Abhishek Kumar Repatriated to Parent Cadres – Here’s What You Should Know
BEL
HAL CVO IRAS Officer Kalyani Sethuraman Gets Additional Charge of BEL Bengaluru After Nilabhra Sengupta’s Repatriation
Sky Sting Missile
Israel Offers Cutting-Edge Sky Sting Missile To India: IAF Eyes 250-KM Strike Capability Against Regional Threats
Empanelment Empanelled Empanel
ACC Approves Empanelment of 7 ITS and 3 IIS Officers as Joint Secretaries - Full List Inside
VAYULINK
IAF's Game-Changing VAYULINK: The Indigenous System That Will Prevent Another Budgam Tragedy
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Beyond IAS and IPS: The Inspiring Work of an IDES officer | Video Interview 
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
ADVERTISEMENT
UPSC Stories
Ruchi Jat
She Worked in Fields, Danced Ghoomar - Now She’ll Govern Districts: Ruchi Jat Cracks MPPSC 2024 with Rank 6, Becomes Deputy Collector
From a farmer's daughter in Pipalkhunta to securing 6th rank in MPPSC 2024, Ruchi Jat's inspiring journey...
VikramDeo Saryam MPPSC
He Couldn't Pay Engineering Fees, Now He’s a Deputy Collector: Meet Vikram Deo, Farmer’s Son Who Cracked MPPSC with Sheer Willpower
Vikram, a farmer’s son from Ramgovindpur, overcame financial hardships and years of setbacks to secure...
Shivani Sirmache MPPSC
Do It From Home If You Can,’ Said Her Family - She Did It with Self-Study and Sheer Will: Meet Shivani Sirmache, MPPSC 2024 Topper
Shivani Sirmache, a village girl from Sirali, cracked MPPSC 2024 with Rank 11 through complete self-study,...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IREDA
Result: IREDA Reports 41% Profit Surge in Q2 FY26; Loan Sanctions Jump 145%, India’s Clean Energy Drive Accelerates
Pre-COP30 Brasilia
India Pitches for Action-Driven Climate Agenda at Pre-COP30 Brasilia: Bhupender Yadav Urges End to 'Review Culture’
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
IDES Saquib Alam
Dr G K Goswami IPS
ADVERTISEMENT
ADVERTISEMENT