Subhash Kumar

Oil and Natural Gas Corporation Limited (ONGC)

Chairman & Managing Director; Director of Finance

Mr. Subhash Kumar, Director (Finance), ONGC has assumed the additional charge of Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation Limited (ONGC) with effect from 1st April 2021. Mr. Subhash Kumar is also the Chairman of ONGC Group of Companies comprising of subsidiaries-ONGC Videsh Limited, Mangalore Refinery and Petrochemicals Limited (MRPL), ONGC Mangalore Petrochemicals Ltd (OMPL) and Joint Ventures- ONGC Petro-additions Limited (OPaL), ONGC Tripura Power Company (OTPC), Mangalore SEZ Ltd (MSEZ) and Petronet MHB Ltd(PMHBL). He is also ONGC nominee Director on the Board of Petronet LNG Limited. Mr. Kumar is an industry veteran with over 36 years of professional experience in diverse activities across the Exploration & Production (E&P) value-chain. He joined ONGC in 1985 as a Finance and Accounts Officer. Mr. Kumar grew up along the hierarchy and served in different capacities in ONGC and the Group Companies. During his tenure with ONGC Videsh, Mr. Kumar was associated with key acquisitions and expansion of company's footprint from a single asset company in 2001 into a company with global presence. He played a key role in the evaluation and acquisition of several overseas assets. He has served as the Chief Financial Officer (CFO) of Mansarovar Energy Colombia Limited, a 50:50 joint venture of ONGC Videsh and Sinopec of China from September 2006 to March 2010. Thereafter, he had a long stint at ONGC’s overseas arm ONGC Videsh from 2010 to 2015 where he successfully steered company’s Business Development, Finance, Budget & Treasury Planning and Portfolio Management Groups. Mr. Kumar joined back ONGC in July 2016 as the Chief Commercial and Head Treasury, and he played a key role in evaluation, negotiation, and concluding outstanding issues pertaining to the organization. During 2017, Mr. Subhash Kumar also served a brief stint with Petronet LNG Limited as its Director (Finance). Mr. Subhash Kumar was appointed as Director (Finance) of ONGC in January 2018. Mr. Kumar has also served as Director on the Board of ONGC Group Companies viz. MRPL, HPCL, Petronet MHB Limited, OTPC and OPaL. Mr. Subhash Kumar has championed the issues relating to various JVs and group entities at Board level. He has successfully led transformation of JVs and group companies into a cohesive group, implemented entity-specific action plan, resulting in significant increase in their efficiency and contributions to the ONGC Group. Mr. Kumar is also President of Global Compact Network India (GCNI), the Indian Local Network of the United Nations Global Compact (UNGC) which has been providing a robust platform for Indian businesses, academic institutions and civil society organizations to embrace the Ten Principles of Global Compact Network, United Nations. Mr. Subhash Kumar is a Fellow Member of Institute of Cost Accountants of India and Associate Member of ICSI. He is an alumni of Panjab University Chandigarh, from where he obtained his Bachelor’s and Master’s degrees in Commerce with Gold Medal. An avid sportsperson and fitness enthusiast, Mr. Kumar has keen interest in Golf and Badminton.

Sessions With Subhash Kumar

Friday, 22 October

  • 11:30am - 12:00pm (IST) / 22/oct/2021 06:00 am - 22/oct/2021 06:30 am

    How Will Gas Fare in the Energy Transition: Beneficiary or casualty?

    Natural gas will be an important bridge to reduce emissions and help meet the ambitious decarbonization goals laid out by governments. This is particularly true for developing economies. Low-carbon gas technologies are at a critical juncture. Today’s gas infrastructure is an indispensable asset to support the transition from unabated natural gas to low-carbon gases to drive deeper decarbonization. A low-carbon gas supply, infrastructure, and pipeline business can serve sectors beyond the reach of direct electrification and wires. What is the role of gas to drive faster and deeper decarbonization? How can gas contribute to a full transition to net zero without “lock-in” of emissions? How can unabated natural gas achieve quick wins in emissions reduction, particularly in emerging economies over the next couple of decades? How can emerging technologies and low-carbon gas scale up to make a meaningful contribution to emission reductions?