People: Oil and Natural Gas Corporation Ltd (ONGC.BO)

ONGC.BO on Bombay Stock Exchange

24 Jun 2019
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Dwivedi, Ajay 

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.

Basic Compensation

Total Annual Compensation, INR 5,148,530
Restricted Stock Award, INR --
Long-Term Incentive Plans, INR --
All Other, INR 5,005,060
Fiscal Year Total, INR 10,153,600

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Shashi Shanker


M. Selvamm


Alka Mittal


Ajay Dwivedi


Rajesh Kakkar


Subhash Kumar

As Of  31 Mar 2018