New Delhi: The board of Oil and Natural Gas Corporation Ltd (ONGC) has approved the appointment of Director (Finance) Anupam Agarwal as the Chief Financial Officer (CFO) of the company with immediate effect.
The company informed stock exchanges on Thursday that Agarwal has been appointed as CFO and Key Managerial Personnel (KMP), succeeding Yogish Nayak S.
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The board also approved the appointment of Satyan Kumar, Director (Strategy and Corporate Affairs), as a Key Managerial Personnel of the company with immediate effect.
According to the company, Agarwal brings over 35 years of experience in finance and commercial management in the oil and gas sector. He is a Fellow Member of the Institute of Cost Accountants of India, an Associate Member of the Institute of Company Secretaries of India and a Chartered Financial Analyst from ICFAI, Hyderabad.
An alumnus of Lucknow University, he holds a Bachelor’s degree in Commerce and an MBA in Finance.
Agarwal joined ONGC in 1990 as a Finance and Accounts Officer and has served in various finance-related positions across Baroda, Dehradun, Jorhat, Mumbai and Delhi. Over the years, he has handled several corporate finance functions, including taxation, investor relations, corporate budgeting, project appraisal and bidding for exploration blocks.
Prior to joining the ONGC board, Agarwal served as Director (Finance) at ONGC Videsh Ltd from June 2022. He also held the position of Chairman of ONGC Overseas Investment Ltd and served on the board of ONGC Videsh B.V., Amsterdam.
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During his tenure at ONGC Videsh, the company raised more than US$3 billion through financing arrangements to support its international growth plans. He also played a key role in establishing ONGC Overseas Investment Ltd at GIFT City as the group's global treasury centre.
Earlier, as Executive Director and Chief Corporate Finance at ONGC, he oversaw several finance functions, including direct and indirect taxation, policy matters, investor relations and corporate budgeting.
Agarwal has received the ASSOCHAM Best CFO Gold Award 2025 for Excellence in Finance Transformation and Innovation and the CFO Outstanding Performer Award at the CMA Awards 2024 presented by the Institute of Cost Accountants of India.
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