ONGC elevates Subhash Kumar as its CMD

On Thursday, Oil and Natural Gas Corporation (ONGC)’s Director (Finance) Subhash Kumar assumed supplementary charge as Chairman and Managing Director (CMD). The order on the matter was issued by the Ministry of Petroleum and Natural Gas on March 30, 2021. Subhash took charge of the superannuation of incumbent CMD, Shashi Shanker on March 31, 2021.

He has more than 36 years of experience in varied activities across the Exploration & Production (E&P) value chain. He joined ONGC in 1985 as a Finance and Accounts Officer and served in different capacities. After growing up along the hierarchy in ONGC, he had a long stint at ONGC Videsh, the overseas arm of ONGC.

The ONGC states, “During his tenure with ONGC Videsh, Kumar was associated with key acquisitions and expansion of the company's footprint. He played a key role in the evaluation and acquisition of many overseas assets. He had worked as Head Business Development, Finance, and Budget and also as Head Treasury Planning and Portfolio Management Group at ONGC Videsh from 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, from September 2006 to March 2010.

Kumar had joined back ONGC as the Chief Commercial and Head Treasury in July 2016, where he played a key role in evaluation, negotiation, and concluding outstanding issues pertaining to the organization. He also served a brief stint 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. He is an alumnus of Punjab University, Chandigarh, from where he obtained his Bachelor’s and Master’s degrees in Commerce with a Gold Medal.