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India

Oil and Natural Gas Corporation Ltd (ONGC.NS)

ONGC.NS on National Stock Exchange of India

183.00INR
15 Dec 2017
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Summary

Name Age Since Current Position

Shashi Shanker

56 2017 Chairman of the Board, Managing Director

M E V Selvamm

2017 Compliance Officer, Company Secretary

Ved Mahawar

59 2015 Director - Onshore, Executive Director

Ajay Dwivedi

58 2015 Director - Exploration, Executive Director

Desh Misra

2014 Director - Human Resources, Executive Director

Tapas Sengupta

2014 Director - Offshore, Executive Director

Akhilesh Ambasht

2014 Chief Vigilance Officer

Amar Nath

51 2016 Joint Secretary (Exploration), Government Additional Director

Rajiv Bansal

2017 Government Nominee Additional Director

Sumit Bose

63 2017 Independent Director

Shireesh Kedare

53 2015 Independent Director

Ajai Malhotra

63 2015 Independent Director

Vivek Mallya

42 2017 Independent Director

Santrupt Misra

52 2017 Independent Director

Ganga Murthy

2017 Additional Independent Director

K. Padmanabhan

60 2015 Independent Director

Sambit Patra

2017 Additional Independent Director

Deepak Sethi

59 2017 Independent Director

Biographies

Name Description

Shashi Shanker

Shri. Shashi Shanker is the Chairman of the Board, Managing Director of Oil and Natural Gas Corporation Ltd., since December 1, 2012. He holds a B.Tech degree in Petroleum Engineering from Indian School of Mines, Dhanbad and MBA with specialization in Financial Management from IGNOU. He undertook General Management Training from IIM, Lucknow and Leadership Development Programme at ISB, Hyderabad under "Shangsaptak" programme. He has more than 32 years of experience in Oil Industry and having wide exposure in diverse E&P activities both in on land & of fshore operations, R&D activities and spearheading the deep/ultradeep water drilling campaign of ONGC.

M E V Selvamm

Ved Mahawar

Shri. Ved Prakash Mahawar is Director - Onshore, Executive Director of the Company. As Director (Onshore), a board level position, he will be directly looking after all the onshore operations spread across the country which significantly contribute towards the Company's overall physical performance. Shri Mahawar brings with him 35 years of vast experience of managing drilling and operational functions, holding various key positions across vast spectrum of oil field activities. Prior to his joining the present assignment he has been OSD (Onshore) at Delhi for some time before which he was heading Tripura Asset of the Company as an Executive Director-Asset Manager. Under his leadership, Tripura Asset saw increase in gas production by more than two folds. During his tenure, the Company commenced supplying gas for both units of ONGC Tripura Power Company. He has also been instrumental in monetization of two discovered fields, putting them on production. Shri Mahawar also pioneered the critical Well Control expertise for the Company. A veteran of numerous Blow-out control jobs and proven experience in handling the complicated well control problems in onshore & offshore fields of the Company, ONGC Videsh Ltd. & other operators in India with utmost safety, he has been major force and face of the Crisis Management Team (CMT) making the Company self-reliant in dealing with well control situations. He was also instrumental in establishing the Well Control School at Institute of Drilling Technology (IDT), Dehradun, which has been imparting training to the Company’s employees and oil personnel from other Indian as well foreign oil companies. A Mechanical graduate from Pandit Ravi Shankar Shukla University, Raipur Shri Mahawar started career with the Company as Drilling Engineer in 1982. He is known as the first sub-sea engineer of the Company. He has to his credit more than 25 papers presented in international conferences.

Ajay Dwivedi

Shri. Ajay Kumar Dwivedi is Director - Exploration, Executive Director of Oil and Natural Gas Corporation Limited. He took over the reins as the Director (Exploration) on 16.03.2015. A post-graduate from Kanpur University, Shri Dwivedi has a distinguished career of more than 36 years in the Company, holding key exploration-related assignments at different work centers starting from Mumbai, moving to Dehradun in North, to Chennai in South, then Jorhat in the East, Vadodara in the West and as Basin Manager MBA Basin, Kolkata, before taking over Western Offshore as Basin Manager. Shri Dwivedi has managed the Company’s prime exploration portfolios in Western Offshore – Kutch-Saurashtra, Mumbai Offshore and Kerala-Konkan Basin. Under his leadership, Western Offshore Basin achieved 109 MMT of Oil plus Oil Equivalent Gas including 4 discoveries and won the coveted CMD’s trophy for Best Basin in the Year 2014. Shri Dwivedi as Basin Manager, Mahanadi, Bengal & Andaman Basin managed the exploration performance of all the three basins His keen analytical acumen coupled with a people-centric approach has been his forte. His strength has been to encourage Multi-Disciplinary team working in various capacities across the organization. As a core team member of joint project team on organizational change program, Shri Dwivedi was involved with redesign of structure, systems and business processes aligned to Asset based model and their implementation in two pilot projects. As a member of the task force formed by the then Director (Exploration), he was entrusted with the responsibility of formulating long term strategy of exploration for the Company with the aim of doubling the reserve accretion by year 2020. He was also associated with the task force on “Standardization of Lithostratigraphy of Bombay Offshore Basin”. Shri Dwivedi was Head of the steering committee for project on sequence-stratigraphy and petroleum systems in all the sedimentary basins of India.

Desh Misra

Shri. Desh Deepak Misra is Director - Human Resources, Executive Director of Oil and Natural Gas Corporation Ltd. He holds a Master’s Degree in Public Administration (MPA) from University of Lucknow. He has undergone Leadership Development Programme at IIM, Bangalore followed by overseas programme at Alberta School of Business, Calgary (Canada) and University of Texas (US) in 2013. Starting his career as Graduate Trainee, Shri Misra has left his imprint in diverse assignments given to him in three decades with the Company. He has been appointed by the Government of India to the Board of the Company, as its Director (Human Resources) w.e.f 01.08.2014. Since taking over, he has conceptualized and steered numerous sustainable HR Initiatives to enthuse the morale and motivation of the 33000 plus ONGC workforce. He brought in transparency and timeliness in Recruitment and Annual promotion process and also steered focused CSR programme across the Company in line with the social and gender inclusive policies of the Government of India. As a unique HR Initiative, under his mentorship he groomed a Team of 11 ONGCians, 6 of whom scaled Mount Everest in May, 2017 after passing through 7 Stage Training cum Evaluation process. As Chair of Asian-Pacific Resource Centre of United Nations Global Compact (UNGC) Network, India, D.D.Misra has steered “Industrial Water Benchmarking Study” for the first time in India. This study would finally lead to development of “Water Index”.

Tapas Sengupta

Shri. Tapas Kumar Sengupta is Director - Offshore, Executive Director of Oil and Natural Gas Corporation Ltd. He is also Director in charge Business Development & Joint Ventures and Marketing. He is Director in the Board of OVL, Pawan Hans Ltd. and Dahej SEZ Ltd. A first-class Chemical engineering graduate from Jadavpur University, Calcutta, and Sengupta holds a Diploma in Management and a leadership certificate from ESCP, France and IMI Delhi. Shri Tapas Kumar Sengupta belongs to the select club of production engineers from the Company who has a balanced exposure to both onshore and offshore oilfield operation in the last 36 years of his long career with the Company. He has received the Company’s Highest Award i.e. Chairman Award twice, in 1994 & 2001, for production enhancement in Western Offshore fields with introduction of new technologies. He has also served in Sudan as General Manager in Greater Nile Petroleum Operating Company (GNPOC), on deputation to ONGC Videsh Ltd., for 4 years.

Akhilesh Ambasht

Dr. Akhilesh Kumar Ambasht is Chief Vigilance Officer of Oil and Natural Gas Corporation Ltd. He is an Indian Forest Service officer of cadre AGMUT - 1987. Dr Ambasht holds a Master's degree in Botany from the Gorakhpur University and was awarded a Ph.D. in Botany (Ecology) from Banaras Hindu University. Prior to joining ONGC, Dr Ambasht has held important assignments such as CVO of Delhi Jal Board, Member Secretary, Delhi Pollution Control Committee and Assessor & Collector of Municipal Corporation of Delhi. He has a wide ranging experience in various assignments of Ministry of Human Resources and various departments of Government of Goa. Dr Ambasht is also M.Sc. in Forestry and has an in-depth knowledge of forestry. He has published around 14 Research papers in various National & International journals.

Amar Nath

Mr. Amar Nath is Joint Secretary (Exploration), Government Additional Director of the company. He is a Bachelor of Science (Mechanical Engineering) from National Institute of Technology, Kurukshetra, Kurukshetra University and MA (International Development Policy) from Duke University, USA. Shri Amar Nath was Secretary to the Department of Health, Government of National Capital Territory of Delhi prior to the present assignment. He has held the positions of Administrator of Union Territory of Lakshadweep, Chief Executive Officer of Delhi Urban Shelter Improvement Board, and Chief Executive Officer of Chandigarh Housing Board in Chandigarh. He has extensive experience of working in various Departments of Government at senior management positions such as Finance, Economic Planning, Tourism and Industrial Development in the states of Arunachal Pradesh, Pondicherry, Chandigarh and Delhi. Before joining IAS in 1994 he worked with State Bank of India and Steel Authority of India.

Rajiv Bansal

Shri. Rajiv Bansal is Government Nominee Additional Director of the company. He was earlier in Ministry of Electronics and Information Technology where he was looking after Digital Payments, IT Act, Aadhaar, and Internet Governance. During his career spanning about 30 years, Shri Bansal has, inter-alia, worked as Secretary, Central Electricity Regulatory Commission, Joint Secretary, Department of Heavy Industries, GoI and Director, Ministry of Civil Aviation, GoI. He served on the Boards of BHEL, NACIL, AYCL, Airline Allied Services Ltd and HMT and presently he is on the Boards of Global Innovation & Technology Alliance and Bharat Yantra Nigam Limited. He has also held important assignments in the State Government. He is a Civil Engineer by profession having graduated from IIT, Delhi in 1986. He has also obtained a Diploma in Finance from ICFAI, Hyderabad and an Executive Masters in International Business from IIFT, New Delhi.

Sumit Bose

Shri. Sumit Bose is Independent Director of the company. He is presently Vice Chairman, National Institute of Public Finance and Policy (NIPFP). He was the Union Finance Secretary & Revenue Secretary in the Ministry of Finance, Government of India till his retirement in March, 2014. Thereafter, he was a Member of the Expenditure Management Commission. Educated at the Doon School, Dehradun (class of 1970), St. Stephen’s College, Delhi and the London School of Economics, he joined the Indian Administrative Service in 1976. In the Ministry of Finance, Government of India, he was also Secretary, Department of Expenditure from May, 2011 to August, 2012 and Secretary, Department of Disinvestment from February, 2010 to May, 2011. He was Secretary in the Thirteenth Finance Commission, from August 2007 to January 2010. Earlier, between 2004 and 2007, he was the Principal Secretary, Finance in the Government of Madhya Pradesh. As Joint Secretary in the Ministry of Human Resource Development, Government of India, between 1998 and 2003, he undertook the task of launching the Sarva Shiksha Abhiyan. He had also served as Secretary, School Education in Madhya Pradesh between 1994 and 1996.

Shireesh Kedare

Prof. Shireesh Balwant Kedare is Independent Director of the Company. He has obtained his B. Tech. in Mechanical Engineering from IIT Bombay in 1985. He also obtained his Ph.D. in 1992 from IIT Bombay in “Reciprocating Wind Machine”. He spent three years (1992-95) as a volunteer in social sector working on different issues related to ‘Development’. He started his engineering consultancy in energy and environment in 1995. He worked as a Technical Consultant (1998-2001) to the Chairman, Khadi and Village Industries Commission when he worked on the issues related to Development of Rural Industries Clusters. He is presently associated with IIT Bombay as a Professor. He joined Department of Energy Science and Engineering, IIT Bombay as an adjunct faculty and simultaneously Clique Developments Ltd., an Engineering Company in Mumbai as its Director (R&D). Based on his studies on different renewable energy systems, he identified a need for developing concentrating solar thermal collectors for industrial process heat applications way back in 1997. He acted as a Principal Investigator (2004 to 2007) under IIT Bombay-Clique R & D project of ARUN 160 (160 sq.m Fresnel Paraboloid Solar Concentrator for industrial process heat) sponsored by MNRE (Ministry of New and Renewable Energy), New Delhi. He has also worked on integration of solar concentrator technology for a variety of industrial processes as well as commercial applications using steam, pressurized water or thermic fluid as media and for steam augmentation in thermal power plants. Along with optimization of Solar Industrial Process Heat Systems with and without storage, his focus is on development of solar thermal power plant with storage working for 24 h/d suitable for Indian conditions. He is also associated with Centre for Technology Alternatives for Rural Areas (CTARA), IIT Bombay and is working on rural energy and other technologies.

Ajai Malhotra

Shri. Ajai Malhotra is Independent Director of the company. He is an Independent Director of your Company and of ONGC Videsh Limited. Shri Malhotra holds an M.A. in Economics from the Delhi School of Economics, University of Delhi. He joined the Indian Foreign Service (IFS) in 1977 and besides assignments at the Ministry of External Affairs, New Delhi, worked at Indian diplomatic missions in Bucharest, Geneva, Kuwait, Moscow, Nairobi, New York and Washington DC. He was Minister (Commerce) at the Embassy of India, Washington DC (1999-2003), serving simultaneously from 2002-2003 as Chairman of the International Cotton Advisory Committee. He was Ambassador of India to Romania, concurrently accredited to Albania and Moldova (2003-2005), Ambassador and Deputy Permanent Representative of India to the United Nations, New York (2005-2009), Ambassador of India to Kuwait (2009-2011), and Ambassador of India to the Russian Federation (2011-2013), before retiring from the IFS on November 30, 2013, after nearly 37 years of distinguished service. His wide ranging experience includes being on the Indian team negotiating issues such as biological diversity, climate change, desertification, education, energy, forestry, health, human rights, human settlements, intellectual property rights, international law, labour, ozone depletion, sustainable development and international trade. In 2004, he was awarded an Honorary Doctorate by Western University of Arad, Romania, in recognition of his work in support of environment and development. He is presently a Distinguished Fellow & Senior Adviser (Climate Change) at The Energy and Resources Institute (TERI), New Delhi, besides being Chairman and Managing Trustee of two organisations serving the underprivileged - CHIKITSA and SHIKSHA - as well as Chairman, Nehru Trust for the Indian Collections at the Victoria & Albert Museum, and Chairman, NAB India Centre for Blind Women & Disability Studies.

Vivek Mallya

Shri. Vivek Mallya is Independent Director of the company. He is a Fellow member of the Institute of Chartered Accountants of India, Certified Public Accountant (USA) and a Master’s Degree Holder in Commerce from Mysore University. He has a rich experience of practice as a Chartered Accountant. His practice areas include International Taxation, Income tax, Foreign Exchange Management Act and Banking matters. He also holds the position of Honorary President of a leading NGO in Bangalore. He regularly appears on popular Kannada News channels on Economic and Financial Matters and is a regular speaker at ICAI. He has also spoken at various International forums on Indian Tax and Economic matters. Travelled extensively, he also advises clients on cross-border structuring; Acquisition and Overseas direct investment matters and represents his clients before Enforcement Directorate, RBI, Income-tax Appellate and Assessment matters. Prior to Practising on his own, he was a Partner with PWC, a Big 4 Accounting Firm and AVP Finance with Thomson Reuters. As a part of PWC, he specialized in Aerospace and Defense matters as well. He handled significantly large assignments including dual-listed mergers, cross border acquisitions and restructuring, delisting and Asset Reconstruction.

Santrupt Misra

Dr. Santrupt B. Misra is Independent Director of the company. He is an Independent Director of your Company. Shri Misra holds Masters in Political Science from Utkal University and Personnel Management from Tata Institute of Social Sciences; he also possesses Doctorates in Public Administration from the Utkal University as well as in Industrial Relations from Aston Business School, United Kingdom. He has over 30 years of professional experience in global business, research and organizational development. He is a part of the Aditya Birla Group since 1996. Prior to joining the Aditya Birla Group, he had also worked at the J.K Group, the Tata Institute of Social Sciences and Hindustan Lever, India. Dr. Misra was conferred with an honorary D.Sc. degree by his alma mater – the Aston University, UK. Under his leadership as the Director HR, the Aditya Birla Group has developed a strong employer brand and has acquired laurels as the ‘Best Employer of India’ and a ‘Great Place for Leaders to Work’. He holds the following positions in various Companies: • CEO, Carbon Black Business and Director, Group Human Resources, Aditya Birla Group. • Director on the Board of Aditya Birla Management Corporation Private Limited, the apex decision making body of the US $42 billion Aditya Birla Group. • Director on the Boards of Alexandria Carbon Black Company Limited; Thai Carbon Black Public Company Limited; Indigold Carbon Mauritius Limited and SKI Carbon India Pvt. Ltd. Dr. Misra is on other professional bodies such as the Association of Executive Search Consultants (AESC) U.S.A. and the SHRM Certification Commission, USA. He was the National President of the National HRD Network and is on the Boards of: - • National Institute of Technology Rourkela, Bhubaneswar. • Asian Heart Institute & Research Centre Pvt. Ltd., Mumbai • Xavier’s Institute of Management Bhubaneswar.

Ganga Murthy

Smt. Ganga Murthy serves as Additional Independent Director of the Company effective September 23rd, 2017.

K. Padmanabhan

Shri. K. M. Padmanabhan is Independent Director of the Company. He is a Chartered Accountant in practice for more than 28 years and is the Senior Partner of SRINIVAS and PADMANABHAN, Chartered Accountants, Chennai. As a practicing Chartered Accountant, he has created Internal Control Systems, processes and procedure besides rendering business consultancy for a very big South based educational institution spread into engineering, medical and also into hospitals. He has been a regular Visiting Faculty in the area of Finance and Accounting at Indian Institute of Management (Indore), Indian Institute of Management (Raipur), Institute for Financial Management and Research (IFMR), RBI Staff Training College, Tamilnadu Judicial Academy, the Institute of Chartered Accountants of India (ICAI). He has been trained in Case Method Teaching at Harvard Business School, Boston, USA and at Harvard Business School Center, Shanghai, China. He is the founder member of Prerana Helpline Foundation (NGO) that caters for the need of visually challenged people. He was able to eliminate wastes and non- value added expenditure through Business Process Reengineering and Kaizen cost Reduction Methods for various business units in the SME sector in the last 10 years of business consulting. As a person trained in the pedagogy of Case Method Teaching at Indian Institute of Management, Ahmedabad and at Harvard Business School, Boston, USA, he had trained thousands of non-finance executives in Finance, costing, and kaizen cost Reduction with strategic orientation. He was also a member of the Managing committee of Madras Management Association one of most acclaimed management associations in India.

Sambit Patra

Dr. Sambit Patra serves as Additional Independent Director of the Company with effect from 28th October, 2017. He is qualified physician.

Deepak Sethi

Shri. Deepak Sethi is Independent Director of the company. He is a Commerce Graduate and a Fellow member of the Institute of Chartered Accountants of India, having rich experience of 32 years practice in conducting Statutory, Tax and Internal Audits of Companies, Partnership Firms, Proprietary concerns, Schools, Universities, Hospitals, Trusts etc and is known for his work discipline, expertise, straightforward approach and professional presentations on various legislative, accounting and other developments. He has an extensive practice of Direct & Indirect Taxation and has appeared before Appellate Tribunals of Service Tax, Sales Tax, Income Tax etc. He also possesses experience of Statutory audit, inspection and revenue audits of Public Sector Banks, loss assessment for insurance Companies, Bank Financing for Manufacturing Trading & Services providers, Financial advisory & consulting work for Corporate and HNIs.

Basic Compensation

Name Fiscal Year Total

Shashi Shanker

8,157,050

M E V Selvamm

--

Ved Mahawar

7,424,070

Ajay Dwivedi

7,786,030

Desh Misra

7,364,850

Tapas Sengupta

7,450,570

Akhilesh Ambasht

--

Amar Nath

--

Rajiv Bansal

--

Sumit Bose

170,000

Shireesh Kedare

2,170,000

Ajai Malhotra

2,750,000

Vivek Mallya

170,000

Santrupt Misra

140,000

Ganga Murthy

--

K. Padmanabhan

2,690,000

Sambit Patra

--

Deepak Sethi

110,000
As Of  31 Mar 2017