Dinesh Kumar Sarraf
Chairman & Managing Director; Chairman & Managing Director @ Oil and Natural Gas Corporation
Dinesh Kumar Sarraf is a startup investor at Oil and Natural Gas Corporation. Mr. Dinesh Kumar Sarraf is the Chairman & Managing Director of Oil and Natural Gas Corporation Ltd (ONGC), India’s most valuable Maharatna public sector enterprise and one of the most premier E&P companies in the world. ONGC is the highest Profit making and highest Dividend paying company of India; it is also one of the Fortune’s MostAdmired Companies.He is also the Chairman of ONGC Videsh Limited (OVL) which is operating across 16 countries. He is also Chairman of Mangalore Refinery & Petrochemicals Ltd (MRPL) and four other ONGC Group companies (OPaL- ONGC Petro-additions Ltd, OMPL – ONGC Mangalore Petrochemicals Ltd, MSEZ- Mangalore SEZ Ltd and OTPC- ONGC Tripura Power Company Ltd).Mr. D.K. Sarraf (56) holds a graduate degree 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.Mr. Sarraf 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. These included, restructuring ONGC from a statutory commission into a commercial corporation, including its financial restructuring and valuation.Mr Sarraf assumed the charge of Managing Director and CEO of ONGC Videsh in September 2011. As Managing Director, ONGC Videsh Limited, he institutionalized systems and processes to ensure attainment of the committed targets. He has introduced ‘zero-based risk review’ mechanism for risk assessment in major acquisitions and mitigations of the risks. He laid emphasis on capability building and creating systems-based approach to OVL’s activities in general and business development in particular. , He accepted the challenge to grow current production of ONGC Videsh from 8MMToe to 20 MMToe by 2017-18 and to 60 MMToe by 2029-30 – unprecedented in the global E&P industry.To accomplish this daunting task, he actively participated in the financial due diligence and price negotiations for company’s major acquisitions, like Block BC-10 Brazil, NEMED Block Egypt, AFPC Project Syria, MECL Project Columbia, Rovuma Area I Block in Mozambique offshore etc.; and guided the negotiating team for other acquisitions, resulting in substantial savings.He was awarded the CEPM-PMA fellowship on December 2, 2013 by the Project Management Associates – India (PMA – India).Mr. Sarraf earlier worked in ONGC Videsh Limited as Director (Finance) during February 2005 to December 2007. During this period, ONGC Videsh made significant acquisitions in Syria, Brazil, Colombia, Venezuela, Cuba, Egypt and Myanmar. Mr Sarraf played key roles in negotiation and conclusion of these transactions. During this period, the Company saw significant increase in its activities, production, revenue and profits. In December 2007, he joined ONGC as Director (Finance). In recognition of his achievements; he was given the Best CFO Award in Oil & Gas sector in India by CNBC in 2009 and 2011.
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About Oil and Natural Gas Corporation
Maharatna ONGC is the largest producer of crude oil and natural gas in India, contributing around 70 per cent of Indian domestic production. The crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, Cooking Gas-LPG.
Oil and Natural Gas Corporation Contacts
| Name | Phone | Socials | |
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Tapas Kumar Sengupta
Director (Offshore)
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Alka Mittal
Chairman & MD; Genaral Manager ( HR)
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Dinesh Kumar Sarraf
Chairman & Managing Director; Chairman & Managing Director
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K S Jamestin
Director (Human Resource)
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Narendra Kumar Verma
Director (Exploration)
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