ONGC appoints Subhash Kumar as acting chairman

Oil and Natural Gas Corporation's (ONGC) Director (Finance) Subhash Kumar has assumed additional charge as Chairman and Managing Director of the company. An order on the matter was issued by the Ministry of Petroleum and Natural Gas on 30 March 2021. Kumar has over 36 years of experience across the exploration and production value chain. He first joined ONGC in 1985 and has had stints in ONGC Videsh, the overseas acquisition arm and India's largest LNG importer. A fellow member of the Institute of Cost Accountants of India and Associate Member of ICSI, Kumar is a gold medalist of Panjab University, Chandigarh. He did his bachelor's and master's degrees in commerce. ONGC told the media that Kumar has worked as Head of Business Development, Finance and Budget and also as Head Treasury Planning and Portfolio Management Group at ONGC Videsh between April 2010 to March 2015. He was also the Chief Financial Officer of Mansarovar Energy Colombia Limited, a 50-50 joint venture of ONGC Videsh and Sinopec of China, between September 2006 to March 2010. Kumar had joined ONGC back as the Chief Commercial and Head Treasury in July 2016. He also served briefly with Petronet LNG Limited as its Director (Finance) in 2017. He is a fellow member of the Institute of Cost Accountants of India and an associate member of ICSI. Image Source