An electrical engineer by qualification, from the Delhi College of Engineering, Ajay brings to Cairn more than 39 years of rich expertise and experience in the energy sector.
As CEO, Ajay leads Cairn’s vision and strategy to grow its contribution from 25% to 50% of India’s domestic crude production.
Prior to assuming the CEO Cairn position, Ajay has served the Vedanta Group companies in leadership roles of increasing responsibility. He had joined the Vedanta Group in 2015. His growth path at Vedanta has seen him as chief executive at the Power, TSPL, Alumina, and Aluminum & Power businesses.
Prior to joining Vedanta, Ajay was CEO – Energy Sector for South Asia at Siemens.
India has undertaken many policy initiatives in the last five years to enhance domestic oil & gas production. These include a new upstream contractual regime under the Hydrocarbon Exploration and Licensing Policy (HELP), award of exploration blocks under the Open Acreage Licensing Policy (OALP), award of discovered fields under Discovered Small Fields (DSF) bid rounds, bids invited for small & marginal nomination fields, marketing and pricing freedom, and others. What is the impact of these initiatives? How can India arrest production decline? What additional reforms are required? What can international companies do to grow domestic oil and gas production?