New Delhi: Harish Madhav, who is currently serving as Director (Finance), has been given additional charge as CMD of Oil India Limited, with effect from July 1, 2022. Earlier, Sushil Chandra Mishra was serving as CMD of Oil India Limited since October 1, 2019. Mishra was superannuated from the services on June 30.

"…it is hereby informed that Sushil Chandra Mishra has superannuated from the services of the company after closing of working hours on June 30, 2022, and hence ceased to be Chairman & Managing Director of the company with effect from July 1, 2022," the PSU informed in a regulatory filing to the stock exchanges on Friday.

Madhav, a member of the Institute of Chartered Accountants of India (ICAI) took over as Director (Finance) on the Board of Oil India Ltd on August 2, 2019. Earlier, he served as Executive Director (Finance) at Oil India's Corporate office and was also functioning as the Chief Financial Officer (CFO) handling a diverse gamut of finance and accounting functions covering International Fund Raising, Treasury Management, Corporate Strategy, Risk Management, Corporate Accounts & Audit, and Budgeting.

His tenure in various capacities during the last decade witnessed major events at OIL and included the successful raising of foreign currency borrowing of over $4.5 Billion in the form of syndicated loans and bonds. He was also instrumental in the first-ever listing of foreign currency bonds by an Indian oil sector company on the International Securities Market of the London Stock Exchange (LSE). Before joining OIL, he had also worked with Hindustan Petroleum Corporation Ltd.

Madhav has over 30 years of rich and varied experience in the Oil & Gas industry in both the Upstream and Downstream sector.

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