Chairman and Managing Director
Ms. Nishi Vasudeva: Chairman and Managing Director
Ms. Nishi Vasudeva took charge as Chairman & Managing Director of Hindustan Petroleum Corporation Ltd. effective March 01, 2014. Prior to this, she was Director - Marketing of the Corporation from July 4, 2011. She is the first woman to be appointed as Chairman & Managing Director of a Navratna PSU. She is also the Chairman of HPCL Joint Venture Companies - HPCL-Mittal Energy Ltd., South Asia LPG Co. Pvt. Ltd., and its wholly owned subsidiary, Prize Petroleum Co. Ltd.
Ms. Vasudeva is a PGDBM from India’s premier business school, Indian Institute of Management, Calcutta. She has a wide experience spanning over 36 years in diverse functions including Corporate Strategy & Planning Department, Information Systems and LPG Strategic Business Unit. She has played a key role in the development of several high impact strategies for the Corporation as well as in design and implementation of mission critical initiatives of the organisation which include Business Process Re-engineering, Enterprise Resource Planning etc. which transformed the way the organisation conducts its business and prepared it for the future.
Ms. Vasudeva represented the Corporation in various important industry forums like the Committee for Development of Perspective Plan for Hydrocarbons (also known as the Sundararajan Committee) which carried out an in-depth analysis of the Petroleum Sector and was instrumental in laying the road map for deregulation / dismantling of the APM and ushering in reforms in the Oil & Gas Sector.
In growing recognition and acknowledgement of her role in the Oil & Natural Gas Sector, Ms Nishi Vasudeva has been elected as Vice President - Youth and Gender, in the Executive Committee of the World Petroleum Council, which is the world’s premier Global Oil & Gas Forum. She has received the ‘Outstanding Woman Manager Award’ instituted by the Standing Committee on Public Sector Enterprises (SCOPE), Government of India, for the year 2010-11. She is an elected Member of the Governing Council of PETROFED, an Industry association of Private and Public Sector Companies operating in the Petroleum and Natural Gas Sector in India.
She is the recipient of the prestigious ‘CIO 100 Award’ for four consecutive years from 2006-07 to 2009-10 and was inducted into the ‘CIO 100 Hall of Fame’. She has also been conferred with the coveted “Most Powerful Women in Indian Business” award by Business Today.
Mr. P K Joshi: Director- Human Resources
Mr. Pushp Kumar Joshi took charge as Director - Human Resources effective August 01, 2012. Prior to this he was holding key portfolios in Human Resources viz. Executive Director – HRD, and Head – HR of Marketing Division.
A Bachelor of Law and an alumnus of XLRI, Jamshedpur, Mr. Pushp Kumar Joshi joined HPCL in 1986. Since then he has held various key positions in Human Resources and Industrial Relations functions at HQO, Marketing and Refineries Divisions of HPCL.
He has been responsible for the design and deployment of key HR policies and practices that are employee oriented and aim at building high performance culture.
He spearheaded various HR practices with strong business focus in HPCL viz; Project Akshay – the leadership development programme, Productivity Improvement Initiatives, leveraged the IT Platform for Internal Customer care, various Technical & Behavioral training programs, HR- Business Process Reengineering (BPR), Implementation of JDE (HR), Health Management System, HR Green Credit etc.
Mr. K V Rao: Director - Finance
Mr. K V Rao took charge as Director Finance effective 1st June 2013. Prior to his taking over as Director (Finance), Mr. K V Rao was Executive Director- Corporate Finance of HPCL for 5 years.
A member of the Institute of Chartered Accountants of India (ICAI), Mr. Rao brings with him rich experience of over 3 decades in handling various challenging assignments in HPCL in the fields of Corporate Finance, Treasury Management, Internal Audit and Marketing & Refinery Finance.
Mr. Rao has expertise in various areas in Financial Management, and is credited with effective treasury management in raising External Commercial Borrowing, Debentures, and various other types of financial instruments at very competitive interest rates as compared with the Industry.
He has various academic distinctions to his credit, which includes being a rank holder in CA and B.Com. He has also been actively participating in various seminars and workshops, both at national and international levels.
Mr. B. K Namdeo: Director - Refineries
Mr. B. K Namdeo took charge as Director - Refineries effective July 01, 2013. Prior to this he was the Executive Director, International Trade and Supplies of HPCL.
A Mechanical Engineer and a Master of Technology from IIT Bombay, he has over 32 years of experience in various refinery functions and has held key positions in Central Engineering (Refinery Projects), Operations, Projects and Maintenance of the Refineries.
During his tenure as ED (IT&S), Mr. Namdeo was responsible for Procurement of Crude Oil, Product Evacuation, Ship Chartering, Refinery planning & scheduling and related commercial activities of both the refineries of HPCL.
Mr. Y K Gawali: Director - Marketing
Mr. Y K Gawali took charge as Director - Marketing of Hindustan Petroleum Corporation Ltd. effective October 10, 2014. Prior to this, he was the Executive Director - LPG of HPCL. He is also on the Boards of GIGL and GITL.
A graduate in Civil Engineering, Mr. Y K Gawali has over 32 years of experience in Operations, Engineering & Projects, Logistics, Terminals, and LPG.
During his tenure as ED - LPG, he has been responsible for improving Marketing performance, customer focus and satisfaction and enhancing the brand image of HP Gas. He had been instrumental in implementing the key initiatives of capping of subsidized cylinders, Direct Transfer of cash subsidy and weeding out multiple LPG connections in the market.
In his earlier assignment as Executive Director - O&D he was responsible for strengthening and augmenting the Distribution infrastructure for HPCL, including pipelines, Terminals/depots besides optimizing the supply chain management, across the complete value chain.
Mr. Y K Gawali represents HPCL in the ‘World LPG Forum’. He has been faculty / guest speaker at several international conferences. He has been a key member of numerous Committees viz. Core Petroleum Industry Committee for formulating the post APM LPG policies and pricing, Joint Implementation Committee constituted by MOPNG for time bound implementation of M.B.Lal Committee recommendations and committee for formulation of various standards of Oil Industry etc.
Part-time ex-officio Directors
Dr. S C Khuntia: Director
Dr. Subhash Chandra Khuntia, has been appointed as a Part Time Director on the HPCL Board effective August 3, 2012.
Dr.S C Khuntia (IAS Karnataka cadre 1981) is a post -Graduate in Physics, Computer Science, Economics, Sociology and Doctorate in Economics. Before joining Petroleum Ministry as Additional Secretary & Financial Advisor, he was Principal Secretary, PWD, Govt. of Karnataka.
Dr.Khuntia has handled various key assignments including District administration, Land revenue management, Rural development, Urban Development and Finance in the Karnataka State Government as well as in the Ministries of Agriculture, Finance and Human Resource Development in the Central Government.
Mr. Sandeep Poundrik: Director
Mr. Sandeep Poundrik has been appointed as a Part Time Director on the HPCL Board effective October 16, 2014.
Part-time non-official Directors
Mr. G K Pillai: Director
Mr. G K Pillai joined the HPCL board as an Independent Director effective April 9, 2012.
Mr. G K Pillai is a retired IAS officer. He joined Indian Administrative Service in the year 1972 and belongs to Kerala Cadre. He has done his M.Sc. at IIT, Chennai.
He started his career as Sub-Collector, Quilon and worked in diverse fields of Revenue Administration. He was District Collector, Quilon; Deputy Secretary, Labour; Special Officer for Cashew Industry; Special Secretary, Industries etc. He was Secretary, Health and Family Welfare during 1993-96 and Principal Secretary to the Chief Minister of Kerala during the period 2001-04.
In the Government of India, he held positions of Under Secretary / Deputy Secretary in Ministry of Defence and Director / Joint Secretary in the Department of Surface Transport. Later he served in the Ministry of Home Affairs as Joint Secretary (North East) from 1996 to 2001. In 2004 he joined Ministry of Commerce and Industry as Additional Secretary, Department of Commerce and later served as Secretary, Department of Commerce during 2006- 2009. During this period he actively participated in negotiations for comprehensive economic cooperation agreements with Singapore, ASEAN, Japan, South Korea. He played a key role in the enactment of the SEZ Act 2005 and was Chairman of the Board of approvals for SEZ during 2005 to 2009. He represented State and Central Government delegations to USA, EU, Argentina, Japan, Canada etc.
He was appointed as Union Home Secretary in June 2009 and retired from Government service in June 2011.
In addition to being a Director on Board of HPCL, he is also the Chairman of the Board of IVY Cap Ventures Pvt Ltd, a venture capital company sponsored by the IIT Alumni Association.
Mr. A.C Mahajan :Director
Mr. Avinash Chander Mahajan joined the HPCL board as an Independent Director effective April 9, 2012.
Mr. A C Mahajan has done his M.Sc. (Chemistry Hons) in 1972, and thereafter joined Bank of India as an Officer in 1972. He is a career banker with over 38 years of varied experience in various Public Sector Banks in India and abroad.
He held various senior level positions in Bank of India viz., in charge -“Integrated Treasury”; General Manager In-Charge - Credit Department; General Manager - Risk Management Department; Chief Executive, Japan branchs etc. He had also worked in Kenya for five years as in charge of Nairobi (Kenya) branch.
Thereafter, he held various top level positions such as Executive Director - Bank of Baroda in 2005, C&MD - Allahabad Bank and C&MD - Canara Bank from where he superannuated in August 2010. He had also held various positions in Indian Banks Association (IBA) including Member, IBA Managing Committee and Dy. Chairman, IBA.
Besides being on the Board of various companies including HPCL, Mr Mahajan is a Chairman of Governing Council of Banking Codes and Standards Board of India (BCSBI), an independent watch dog of banking industry which is tasked with duty of ensuring that Banks provide to the customers services in transparent manner.
Prof. G. Raghuram: Director
Prof. G. Raghuram joined the HPCL board as an Independent Director effective April 9, 2012.
Prof. Raghuram has done his graduation from the Indian Institute of Technology (IIT), Madras, MBA from IIM, Ahmedabad and PhD from Northwestern University, USA.
Prof Raghuram is a Professor in the Indian Institute of Management (IIM), Ahmedabad. His specialization is in infrastructure and transportation systems, and supply chain & logistics management. His research, consultancy, case studies and publications focus includes railways, ports and shipping, air and road sector, service organizations and supply chain management. He has taught at Northwestern University and Tulane University, USA. He has been a visiting faculty at various universities in USA, Canada, Yugoslavia, Tanzania, UAE, Singapore and several institutions in India. He has co-authored four books and published over 70 papers. He was the President of Operational Research Society of India (1999-2000). He is a Fellow of the Operational Research Society of India (ORSI) and Chartered Institute of Logistics and Transport (CILT-UK).
He also holds Directorships in Alcock Ashdown (Gujarat), Arshiya International, DARCL Logistics Limited, India Infrastructure Finance Company (IIFC), and Take Solutions, Chennai.
He is currently a member of the Steering Committee on Transport Sector for the formulation of the Twelfth Five Year Plan (2012-17) and Member of the Expert Group for Modernization of Indian Railways. He is also the Chairman of various committees connected with Ministries related to Transportation and the Planning Commission.
Dr. Gitesh K Shah: Director
Dr.Gitesh K Shah, a Scientist turned Management Expert, was appointed to the HPCL board effective February 26, 2013.
Dr.Gitesh K Shah has done his M.Sc., Ph.D. & D.Sc in Organic Chemistry. Dr.Gitesh K Shah is a Chartered Scientist, Chartered Chemist and Fellow of the Royal Society of Chemistry(RSC), London. (C.Sci., C.Chem., F.R.S.C.). He is also member of the prestigious Dr.Vikram Sarabhai Award Committee. He is based at Ahmedabad.
Dr.Gitesh K Shah, who is a noted Technocrat & Management Expert, has rich experience of 20 years in the field of Petrochemical, Chem-informatics, Bio-informatics and Nano–Technology. He has to his credit 18 research papers in renowned international journals in the field of Chemistry and Nano–Technology. He has served as the Chairman of the Gujarat Alkalies and Chemicals Limited (GACL), Baroda. He is Chairman of Harita Projects Private Limited, a company engaged in Infrastructure Projects and Nano-Molecules.
Dr.Gitesh K Shah has been an Part-time non-official Director of HPCL earlier - from December 7, 2009 to December 6, 2012.