ONGC Appoints Anupam Agarwal as Director (Finance) until July 2028
ONGC appointed Anupam Agarwal as Director (Finance) effective June 3, 2026, until July 31, 2028. He brings over 35 years of experience in finance and commercial management. Previously, he was Director (Finance) at ONGC Videsh and received multiple awards for his financial leadership.
The appointment of a Director (Finance) is a significant management change that can impact financial strategy and operations, hence a medium impact.
The appointment of an experienced individual to a key financial role is generally viewed positively for a company's strategic direction and financial management.
Oil and Natural Gas Corporation Limited (ONGC) has announced the appointment of Shri Anupam Agarwal as its Director (Finance). The Board of Directors approved this appointment following a letter issued by the Ministry of Petroleum and Natural Gas, Government of India.
Shri Agarwal's tenure as Director (Finance) is effective from June 3, 2026, and will continue until his superannuation on July 31, 2028, or until further orders, whichever is earlier. He brings over 35 years of extensive experience in finance and commercial management within the oil and gas sector.
Shri Agarwal 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. He holds a Bachelor’s degree in Commerce and a Master of Business Administration (Finance) from Lucknow University. He joined ONGC in 1990 and has held various significant roles within the finance domain across different locations.
Prior to this appointment, Shri Agarwal served as Director (Finance) of ONGC Videsh Limited from June 2022 and also held positions as Chairman of ONGC Overseas Investment Limited (OOIL) and as a Director on the Board of ONGC Videsh B.V., Amsterdam. During his tenure at ONGC Videsh, he played a key role in restructuring overseas entities and enhancing treasury practices, contributing to the mobilization of funding exceeding US$ 3 billion. He was instrumental in establishing ONGC Overseas Investment Limited (OOIL) at GIFT City as the Group’s Global Treasury Centre.
Earlier, as Executive Director – Chief Corporate Finance at ONGC, he managed functions including Direct Tax, Indirect Tax, Policy matters, Investor Relations, Corporate Budget, and Project Appraisal. His professional achievements have been recognized with awards such as the ASSOCHAM Best CFO Gold Award 2025 and the CFO – Outstanding Performer Award at the CMA Awards 2024. ONGC Videsh also received the ICAI Silver Award for Excellence in Financial Reporting 2024-25 under his guidance.
Shri Agarwal is not debarred from holding office by any SEBI order or other authority, and he has no disclosed relationships with other directors.
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Oil & Natural Gas Corporation Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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