Experience

Mabanaft Carbon India Pvt. Ltd

• Managing Director-

  • Jun 2010 - Present

  Mabanaft Carbon India Pvt Ltd is part of an Oil & Carbon Trading and Storage Marquard & Bahls Group, one of the leading privatised company to serve the petroleum and energy industries. With headquarters at Hamburg, Germany serving in 29 countries with a turnover of US 16.7 Billion and equity of US 1.59 Billion with total employees as 4076. Prime business is Oil & Carbon trading and storage of petroleum and chemicals. Mabanaft Carbon India Pvt Ltd is part of an Oil & Carbon Trading and Storage Marquard & Bahls Group, one of the leading privatised company to serve the petroleum and energy industries. With headquarters at Hamburg, Germany serving in 29 countries with a turnover of US 16.7 Billion and equity of US 1.59 Billion with total employees as 4076. Prime business is Oil & Carbon trading and storage of petroleum and chemicals.



Essar Oil Limited

• India
• Appliances, Electrical, and Electronics Manufacturing
• 1 - 100 Employee

• Senior Vice President- Business Development Oil & Gas

  • Jan 2006 - Jun 2008

  Sourcing of LNG on spot and long term basis to meet the group requirement. Negotiation of LNG Sale Purchase Agreement with National Iranian Gas Export Company Tehran. MOU and finalisation of joint Venture agreement with Gujarat State Petroleum Corporation for setting up of 5 MMPTA LNG Regasification Terminal in Gujarat. Anchoring the setting up of 15 MMTPA Oil Refinery in Joint Venture with Govt. Of I.R. Iran with total responsibility from MOU to implementation of the project. SHA, registration of company, completion of Detailed Feasibility Report, selection of Technology and preparation of site for the project were completed. Due to issues relating to US sanctions participation in the project was withheld. Successful in entering a MOU with Govt. Of Egypt for setting up of 15 MMTPA oil Refinery. Due diligence and other required help were provided in the acquisition of Kenya Petroleum Refinery Limited. Appraisal and Due diligence of various Refinery and Marketing and LNG assets in International Market for acquisition for the group.



Indian Oil Corporation Limited

• India
• Oil and Gas
• 700 & Above Employee

• General Manager (International Trade)

  • Apr 2002 - Jan 2006

   In-charge responsible for sourcing of crude of 30 to 40 MMT worth USD 6 to 14 Billion per annum Responsible for import of 1.5 to 3.6 MMT of petroleum products worth USD 0.4 to 1.5 Billion per annum and export of 0.1 to 1.1 MMT of petroleum products worth USD 0.02 to 0.3 Billion per annum. Started derivative trade for the first time in IOCL and also a first for Oil PSU in the country. This includes policy and procedure approval from Board of Directors and management of commodity price hedging and refinery margin hedging of aprox. 10 million barrels per annum IOCL continuously rated as Best Trading Company (in PSU category) for last four years (2002-2005) by Applied Trading System, an international organisation. Introduced innovative contracts of crude swap and term crude purchase. Management of LPG import on behalf of Oil Industry for the country and meeting the demand of the sensitive product despite constraint of import and storage facilities.

• Dy. General Manager/ Chief Manager

  • Apr 1998 - Mar 2002

   Head Treasury Management Group. Treasury Management Group was responsible for raising capital/ working capital resources, cash flow management, banking arrangements, currency purchase, capital market exercise, exchange rate risk management, interest rate risk management and investor relation. Arrangement of working capital loans up to USD 4.5 Billion and long term project finance up to USD 1.5 Billion per annum. Purchase of currency worth USD 4 to 7 Billion per annum from open domestic market. Total responsibility from concept to implementation of currency purchase desk for the corporation. Total responsibilities for GDR and Domestic issue of the corporation ( disinvestment by GOI) Issue of Bond and other debts instruments in the domestic and international debt capital market. Issue of various instruments in the domestic money market. Formulation, approval and implementation of Exchange Rate Risk and Interest Rate risk management policy of the corporation. Such policy was approved first time by the Board of Director. Obtained domestic and International credit rating of the corporation. International credit rating was obtained both from S&P and Moody’s.  Responsible for implementation of Investor’s Relation concept in IOCL. Managing cash flow of the corporation to meet the Oil Pool Account Deficit for the country.

• Chief Manager/ Sr. Manager/ Manager -Finance

  • Apr 1992 - Mar 1998

   Posted in Head Office of Marketing division in Mumbai and was responsible for Commercial Accounts for payment of crude and product import and receipt of export proceeds and allied payments. Management of Treasury Operation Group and monitoring of cash flow of the corporation. Monitoring of Currency Purchase by SBI and other banks.  Responsible for all banking arrangements for the corporation. Availment and Servicing of all debts of the corporation. Responsible for all operational matters in regards to investment of surplus funds. Achieve reduction in operation cost by using innovative methods of opening L/Cs thru bank other than SBI. Introduction of Export Packing Credit leading to reduction in interest cost. Liaison with banks for better working capital management and submission of various information.



Indian Oil Corp Limited

• India
• Oil and Gas
• 700 & Above Employee

• Accounts Officet/ Assistant Manager/ Dy. Manager/ Manager- Finance

  • Sep 1976 - Mar 1992

   Joined IOCL in 1976 as Accounts officer in Kotkapura Depot in Punjab. Responsible for Oil Accounting, Sales Accounting, Payment of Excise and other revenue payments.  Promoted as Assistant Manager (Finance) and posted at Ambala Terminal. Responsible for Oil accounting. Large payment of Excise Duty, Freight and other revenue payments.  Promoted as Deputy Manager (Finance) at Northern Regional Head Quarter and responsible for Stock Accounting, Industry Pool Accounts and reconciliation of Gross Margin for the region.  In Northern Region. I was also responsible for preparation and audit of Regional Accounts.  Promoted as Manager (Finance) and posted to Head Office Mumbai. Responsible for preparation, consolidation and audit of Corporate Accounts. Liasioning with internal, Statutory and Govt. Auditor of the Corporation was the major highlight during the period.  In Head office I was also responsible for all India Assets Accounting, Pool Accounts.