Nitin Khamesra assumes charge as Director (Finance) of SCI

New Delhi: Nitin Khamesra has assumed charge as Director (Finance) at Shipping Corporation of India (SCI) on February 23, following his appointment by the Ministry of Ports, Shipping and Waterways. The SCI management and employees welcomed and felicitated him on joining the company’s Board.

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Khamesra is a Chartered Accountant and Cost Accountant, and a graduate in Computer Science, with over 28 years of experience in financial management, project evaluation and maritime logistics. He has built a diverse career across the energy and shipping sectors, handling complex financial portfolios and large-scale operations.

Prior to joining SCI, Khamesra served as Chief General Manager at Indian Oil Corporation Limited (IOCL), where he held key leadership roles across multiple strategic business units, including Shipping, Refineries, International Trade & Treasury Operations, and Management Accounts.

During his tenure at IOCL, he worked as Chartering & Finance Head (Shipping), where he played a crucial role in supporting procurement of crude oil, LNG, LPG and petroleum products, while managing end-to-end seaborne logistics. He also served as Finance Head of Gujarat Refinery, overseeing large finance teams and handling commercial, taxation and project finance functions.

Khamesra has represented IOCL at various industry and policy forums and has contributed to governance and compliance frameworks as Nominee Director on the Board of Vadodara Enviro Channel Limited (VECL), where he also chaired the Audit Committee.

Recognised for driving strategic, financial and digital transformation initiatives, he has been instrumental in formulating shipping strategies and chartering policies, introducing long-term time chartering, strengthening risk management practices, and implementing SAP-based automation and control systems. He also played a key role in the establishment of a wholly owned subsidiary in GIFT City.

A rank holder Chartered Accountant and recipient of the Maharana Kumbha Award and P. Sarkar Award of ICWAI, Khamesra brings deep expertise in maritime economics, global shipping markets, energy trade, treasury operations and policy frameworks. His appointment is expected to strengthen financial stewardship at SCI and support the company’s long-term growth and alignment with India’s maritime objectives.

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