ONGC Appoints Anupam Agarwal as Director (Finance)

ONGC Appoints Anupam Agarwal as Director (Finance)​

Oil & Natural Gas Corporation Limited (ONGC) has appointed Shri Anupam Agarwal as Director (Finance). The appointment was approved by the Board of Directors and is effective from June 3, 2026.

Shri Agarwal will serve in this capacity until his superannuation date on July 31, 2028, or until further orders, whichever comes earlier.

Profile of Shri Anupam Agarwal

The appointment sees ONGC benefit from over 35 years of experience in finance and commercial management within the oil and gas sector.

Shri Agarwal holds a Bachelor's degree in Commerce and a Master of Business Administration (Finance) from Lucknow University. He is an alumnus of institutions including the Institute of Cost Accountants of India, where he is a Fellow Member, and holds an Associate Membership of the Institute of Company Secretaries of India. Furthermore, he is a Chartered Financial Analyst from ICFAI, Hyderabad.

He joined ONGC in 1990 as a Finance & Accounts Officer, accumulating extensive experience across the entire spectrum of finance functions at both operational and corporate levels during his tenure with the company.

Leadership Background

Prior to joining the ONGC Board, Shri Agarwal served as Director (Finance) of ONGC Videsh Limited since June 2022. He also held positions such as Chairman of ONGC Overseas Investment Limited (OOIL) and a Director on the Board of ONGC Videsh B.V., Amsterdam.

At ONGC Videsh, his efforts were instrumental in strengthening financial performance and organizational efficiency. His responsibilities included restructuring overseas entities to improve governance, compliance, and cost effectiveness, as well as enhancing treasury practices within the dynamic international operating environment. During this time, ONGC Videsh successfully mobilized funding exceeding US$ 3 billion through competitively structured financing arrangements aligned with its global growth plans.

Among his notable contributions was establishing ONGC Overseas Investment Limited (OOIL) at GIFT City as the Group's Global Treasury Centre. Earlier in his career, while serving as Executive Director - Chief Corporate Finance at ONGC, he led key corporate finance functions across a diverse and wide-ranging portfolio that included Direct Tax, Indirect Tax, Policy matters, Investor Relations, Corporate Budget, Project Appraisal, and Bidding for NELP and DSF Blocks.

Shri Agarwal's contributions to the finance profession have been recognized with prestigious awards. He received the Best CFO Gold Award 2025 for Excellence in Finance Transformation & Innovation from ASSOCHAM. Additionally, he was conferred the CFO - Outstanding Performer Award at the CMA Awards 2024 by the Institute of Cost Accountants of India (ICMAI). During his tenure at ONGC Videsh, the company received the ICAI Silver Award for Excellence in Financial Reporting 2024-25 in the Public Sector Entities category.

Shri Agarwal's expertise and strategic perspective are expected to reinforce ONGC's financial strength and support its evolution as an integrated energy company.

ONGC Stock Price Movement​

Oil & Natural Gas Corporation Limited shareholders finished the session higher in post-market trading, as the stock settled at ₹267.75 after gaining 1.21% today. Trading was active during the close, with a volume of 14.62 million shares transacting through the exchange.