Mr. Dinesh Kumar Sarraf, CMD, ONGC takes over as President, GCNI
Fri, 23rd May, 2014 @ India
Mr. Dinesh Kumar Sarraf has taken over as President of GCNI with effect from 20 May 2014. Mr. Sarraf is the Chairman & Managing Director of Oil and Natural Gas Corporation Ltd (ONGC) and also the Chairman of ONGC Videsh Limited (OVL) which is operating across 16 countries. He is also the Chairman of Mangalore Refinery & Petrochemicals Ltd (MRPL) and five other ONGC Group companies (OPaL- ONGC Petro-additions Ltd, OMPL – ONGC Mangalore Petrochemicals Ltd, MSEZ- Mangalore SEZ Ltd, OTPC- ONGC Tripura Power Company Ltd and OMEL- ONGC Mittal Energy Ltd).
Mr. Sarraf graduated in Commerce from the prestigious Shri Ram College of Commerce, Delhi University and holds a post graduate degree in Commerce from the same University. He is an associate member of the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India.
He has experience of over three decades in the oil and gas industry, having started his oil and gas career in India’s second largest upstream oil company – Oil India Limited and worked there till 1991 where he inculcated the experience in various facets of E&P at oil field level. He joined ONGC in 1991 and handled various key assignments at corporate offices.
He was elevated to the post of Director (Finance) in OVL in February 2005 where he served till December 2007. During this period, OVL made significant acquisitions in Syria, Brazil, Colombia, Venezuela, Cuba, Egypt and Myanmar. In December 2007, he joined back ONGC as Director (Finance).
In September 2011 once again Mr. Sarraf went back to OVL assuming the charge of its Managing Director. As MD, he transformed OVL into an aggressive growth engine for ONGC Group by clinching four high value deals of worth more than $11 billion within one year. In March, 2014, he joins back ONGC once again and takes over as its Chairman & Managing Director.
In recognition of his excellence in financial management and contributions, he has been conferred with several accolades including the Best CFO Award in Oil & Gas sector in India by CNBC in 2009 and 2011.