Experience

Federation of Indian Petroleum Industry - FIPI

• India
• Oil and Gas
• 1 - 100 Employee

• Director (Finance, Taxation and Legal)

  • Nov 2021 - Present

  New Delhi, Delhi, India



ONGC Videsh Ltd

• India
• Oil and Gas
• 400 - 500 Employee

• Director Finance and Member of the Board

  • Sep 2016 - Oct 2021

  New Delhi, Delhi, India

• Group General Manager

  • Jan 2016 - Aug 2016

  New Delhi Area, India Responsible for full finance function

• General Manager(Finance & Accounts) - HEAD OF FINANCE

  • Jun 2010 - Dec 2015

  New Delhi Area, India As HOF, reporting to CFO. Job responsibilities include Corporate Finance Functions such as Treasury, Taxation, compilation of accounts, Finance and Accounting work of all international projects/joint ventures (33 projects); Regulatory reporting and finalizing group accounts, Internal Audit and /Joint venture Audit. In addition to HOF responsibility, additional responsibility area includes Head of marketing of oil and gas. Significant achievements include introduction of compiling group… Show more As HOF, reporting to CFO. Job responsibilities include Corporate Finance Functions such as Treasury, Taxation, compilation of accounts, Finance and Accounting work of all international projects/joint ventures (33 projects); Regulatory reporting and finalizing group accounts, Internal Audit and /Joint venture Audit. In addition to HOF responsibility, additional responsibility area includes Head of marketing of oil and gas. Significant achievements include introduction of compiling group accounts on quarterly basis, compressed the time for finalization of annual accounts from over 75 days to 45 days, Fund raising of about Rs 5000 crore by issue of commercial papers and refinancing by bonds, Foreign exchange Hedging and interest swaps, successfully steered the global tax study and worked for simplification of structure. introduced monthly finance reporting system, introduced joint venture audit plan system, worked on drafting of Red Herring Prospectus for FPO of ONGC.

• Dy. GENERAL MANAGER (FINANCE & ACCOUNTS) - In-charge(Finance)-Business Development & Budget

  • Aug 2007 - Jun 2010

  New Delhi Area, India Responsibilities included Group Budget compilation and monitoring, Project Evaluation and Mergers & Acquisitions work such as financial, tax and accounting due diligence, financial modeling. Significant achievements included development of excel based comprehensive budget compilation for the group and monitoring utilization of budget at cost center level in SAP, was associated in evaluating multi billion investment opportunities and was involved in examination, negotiation and finalization… Show more Responsibilities included Group Budget compilation and monitoring, Project Evaluation and Mergers & Acquisitions work such as financial, tax and accounting due diligence, financial modeling. Significant achievements included development of excel based comprehensive budget compilation for the group and monitoring utilization of budget at cost center level in SAP, was associated in evaluating multi billion investment opportunities and was involved in examination, negotiation and finalization of various agreements for M&A deals.



Oil and Natural Gas Corporation Ltd

• India
• Oil and Gas
• 700 & Above Employee

• Chief Manager(F&A)-In-charge, Internal Audit, Western Onshore

  • May 2005 - Aug 2007

  Ahmedabad Area, India Responsibility included Audit of various business processes and systems of all projects of ONGC located at Ankleshwar, Baroda, Cambay, Ahmedabad, Mehsana and Jodhpur (Western India), special audits given by Audit Committee and Board, Peer Audits under ISO set up. Significant achievements includes record 79 audits of various business processes conducted in a year, Audit Findings highlighted possible areas of improvement including possible financial saving to the order of Rs 300 million… Show more Responsibility included Audit of various business processes and systems of all projects of ONGC located at Ankleshwar, Baroda, Cambay, Ahmedabad, Mehsana and Jodhpur (Western India), special audits given by Audit Committee and Board, Peer Audits under ISO set up. Significant achievements includes record 79 audits of various business processes conducted in a year, Audit Findings highlighted possible areas of improvement including possible financial saving to the order of Rs 300 million, Audit findings resulted in recovery of more than Rs. 45 million from JV partners. Actively contributed in the process of obtaining ISO 9001:2000 accreditations to IA function, constant persuasions with auditees lead to compliance with audit observations bringing the pendency of over 100 audit reports to less than 20, Caused improved communication between audit and auditee.

• Chief Manager(F&A)- Executive Officer to Director(Finance), ONGC

  • Feb 2002 - May 2005

  New Delhi Area, India Responsibilities included to assist Director (Finance) in all matters requiring his attention including corporate finance functions, internal and external reporting, corporate governance matters, procurement decisions, project investments, employee management etc. Also worked for formulation of policies and guidelines, Human Resource planning of Finance & Accounts officers, Investor relations, M&A activity. Major Achievements includes coordinated first ever Investor Meet of ONGC in… Show more Responsibilities included to assist Director (Finance) in all matters requiring his attention including corporate finance functions, internal and external reporting, corporate governance matters, procurement decisions, project investments, employee management etc. Also worked for formulation of policies and guidelines, Human Resource planning of Finance & Accounts officers, Investor relations, M&A activity. Major Achievements includes coordinated first ever Investor Meet of ONGC in 2002, Worked with international consultant for developing role and responsibility profile of finance discipline, Managed investor relations and interacted with research analysts and institutional investors, Improvements in financial results and reporting system were recognized by Excellence in Financial Management award in all the 3 years(2003 to 2005) by National Petroleum Management Programme under Ministry of Petroleum and Natural Gas and Cost Management Award by ICWAI in 2005, successfully closed the acquisition deal with an international upstream company for acquiring participating interest in KG and Western onshore blocks.

• Dy. Manager(F&A)/Manager(F&A)-In-charge, Finance Exploration Contract Management(EXCOM) Group

  • Jan 1994 - Feb 2002

  New Delhi Area, India Responsibilities included evaluation of bids for award of exploration areas and producing/discovered fields, negotiation and finalization of agreements with successful bidders, all finance and accounting work of an independent unit such as budget compilation, accounting, employee payments, vendor payments. Major achievements includes evaluation and finalization of agreements for 22 exploration blocks and 9 discovered fields on behalf of Ministry of Petroleum and Natural Gas, involving… Show more Responsibilities included evaluation of bids for award of exploration areas and producing/discovered fields, negotiation and finalization of agreements with successful bidders, all finance and accounting work of an independent unit such as budget compilation, accounting, employee payments, vendor payments. Major achievements includes evaluation and finalization of agreements for 22 exploration blocks and 9 discovered fields on behalf of Ministry of Petroleum and Natural Gas, involving investment over USD 2 billion, developed Excel based model for investment appraisal, drafted terms and conditions for bidding round for Joint Venture Exploration Programme (JVEP-95), Developed Excel based model for preparing bids for first round of New Exploration Licensing Policy, established an independent finance and accounting unit for a new office.

• Finance & Accounts officer/ Sr. Finance & Accounts Officer

  • Jun 1984 - Jan 1994

  Dehradun/Mumbai During 10 years period worked at Exploration Business Group at Mumbai(1989-1994) and Research Institute at Dehradun (1984-1989). Occupied the 2nd level position in hierarchy in Finance & Accounting unit at Mumbai. Job responsibilities included costing of jobs, preparation and monitoring of budget, compilation of accounts, third party payments, Financial examination of expenditure and investment proposal. Major achievements includes lead a team of 7 finance executives in work relating to… Show more During 10 years period worked at Exploration Business Group at Mumbai(1989-1994) and Research Institute at Dehradun (1984-1989). Occupied the 2nd level position in hierarchy in Finance & Accounting unit at Mumbai. Job responsibilities included costing of jobs, preparation and monitoring of budget, compilation of accounts, third party payments, Financial examination of expenditure and investment proposal. Major achievements includes lead a team of 7 finance executives in work relating to compilation of accounts, costing, budgeting, Cash & Bank section and award of contract, Developed computer expertise which was used for developing computer model for evaluation of bid and allocation of expenditure, developed charges for owned equipments for rendering services to third parties, streamlined the work of accounts reconciliation and compilation of accounts. Occupied supervisory position with responsibilities for employees and non-employees payments, Costing and Asset accounting. Significant achievements include worked in various department of finance section to develop knowledge and skill in respective areas, implemented Profit Centre concept in the Research Institute, carried out costing of more than 175 research projects, worked out charges for sample analysis services and main frame processing services rendered to international companies.