Kumar Sarraf is a B. Commerce (Hons) graduate of Shri Ram College of Commerce, Delhi University and also holds Post Graduation in Commerce from the same university. Kumar joined a well-know private sector group as an Executive Trainee in 1976 and worked there until 1982. He then entered the oil industry in 1983 joining Oil India Limited and then in Oil and Natural Gas Corporation Limited (ONGC) in 1991.
Rising through the ranks he served as the Chief of Commercial of ONGC from 2003 to 2004. Kumar was instrumental in several oil and gas acquisitions in OVL. He was also involved in conversion of the erstwhile Oil and Natural Gas Commission to a company including financial restructuring and valuation disinvestment of government shareholding in 1994. He later became Director of Finance from December 2007 to September 2011.
Kumar was Managing Director and Chief Executive Officer of ONGC Videsh Limited (a subsidiary of Oil and Natural Gas Corp. Ltd) from September 2011 to March 2014. He finally got the top post in March 2014 when he became Chairman of the Board and Managing Director of ONGC.
ONGC is India’s most profitable firm and with government presence one needs government approval before getting the top post.
No comments:
Post a Comment