The Board of Directors of Indraprastha Gas Limited (IGL) has appointed Rakesh Kumar Jain as Chairman of the company with effect from January 14, 2023 in place of Sukhmai Kumar Jain who ceased to be Chairman but would continue to remain as Director of IGL.  

Rakesh Kumar Jain, nominee of GAIL is Director (Finance) of GAIL. He is a Cost and Management Accountant by profession. Jain has worked in the areas of Corporate Finance and Treasury including Forex Risk Management, Capital Budgeting, Corporate Budgets, Corporate Accounts, Finalization of Long Term international LNG and Gas Agreements, Pricing, Liquefaction and Regasification Terminal Service Agreement, Mergers & Acquisitions, Taxation, Regulatory aspects etc.

Besides serving a long tenure at GAIL, he was on deputation to Petroleum and Natural Gas Regulatory Board (PNGRB), as Joint Director (Commercial and Finance). During his stint at PNGRB, he was actively engaged in the review of tariff regulations, conceptualization of unified tariff, authorization of CGD 9th and 10th bidding rounds, finance functions etc.

He has also worked in almost all business verticals of GAIL including GAIL's largest petrochemical plant at Pata.