New Delhi, 1 st Sept. 2024: Mr. V Satish Kumar has taken additional
charge as Chairman of Indian Oil Corporation Limited (IndianOil) today.
He will concurrently serve as Chairman while continuing in his role as
Director (Marketing), a position he has held since October 2021. He
also held the additional charge of Director (Finance) for a period of one
year from October 2022, a period characterized by geopolitical tensions
due to the Ukraine-Russia conflict.
With a career spanning 35 years, Mr. Kumar has served in various
regions across the country and held key positions, leading IndianOil’s
efforts to maintain its leadership in the marketing of petroleum products.
He has also gained extensive experience in engaging with multinational
oil companies, serving as Non-Executive Chairman of Indian Oil
Petronas Pvt Ltd, a joint venture between IndianOil and Petronas
(Malaysia), and as Non-Executive Chairman of Indian Oil Mauritius Ltd,
a subsidiary of IndianOil.
In his capacity as Director (Marketing), he ensured uninterrupted
supplies of petroleum products across the various geographies even
during the times of natural calamities or other disruptions, exemplifying
the spirit of “Nation First “and “On Duty Always”.
The Marketing Division under his leadership ensured highest ever
physical performance year upon year in the last 3 years. In his tenure,
IndianOil embarked upon large scale modernisation of its retail outlets
with new retail visual identity and setting up of new bottling plants,
terminals and large retail outlets with wayside amenities on highways in
line with Prime Minister’s vision.
During this period, IndianOil emerged as leader in sales of High Octane
and energy efficient fuels, Green Combo Lubricants, Composite LPG
Cylinders and 25 Kg Bitumen packs in the market for making products
affordable and customer conveniences.
