V Satish Kumar has taken additional charge as Chairman of Indian Oil Corporation Limited (IndianOil) yesterday. 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, 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.

Kumar has rolled out a clear business plan for all functions of Marketing Division to maintain its position as India’s premier Oil & Gas retailer. He has deployed advanced analytics for deriving efficiencies and taking informed decisions. He has laid special focus on improving brand equity of IndianOil due to which the IndianOil’s brand strength index attained 9th rank in 2023 and moved up to 3rd rank in top brands in Oil & Gas companies across the world.

Prior to his appointment as Director (Marketing), Kumar has held the position of State Head for the states of Madhya Pradesh and Chhattisgarh. As State Head, he played a pivotal role in implementing key business initiatives such as the Direct Benefit Transfer for LPG consumers (DBTL), the Pradhan Mantri Ujjwala Yojana (PMUY).

Kumar is a Mechanical Engineer with a postgraduate degree in Management from the University of Ljubljana, Slovenia.