Indian Oil Corporation Promotes 19 Officials to Executive Director Positions

Indian Oil Corporation Limited has announced significant leadership changes with the promotion of 19 officials to Senior Management Personnel positions as Executive Directors. The Maharatna company disclosed these appointments to stock exchanges on January 10th, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Senior Management Appointments

The newly promoted Executive Directors will serve one level below the Board of Directors across various critical divisions of the oil and gas major. The appointments reflect the company's focus on strengthening leadership across key operational and strategic areas.

Sl. No.	Name	Designation
1	Shri Manas Ranjan Dwibedy	Executive Director (H,S&E), Corporate Office
2	Shri Prakash Abraham	Executive Director (Employee Relations), Corporate Office
3	Shri Sanjib Biswas	Director (MO-LPG), Grade 'I', OISD, Noida
4	Shri G R K Murthy	Executive Director (Projects), Refineries HQ
5	Shri R R Raje	Executive Director (HR), Refineries HQ
6	Shri Samarendra Nath Jha	Executive Director (CC & Branding), Corporate Office
7	Shri R. Ravichandran	Executive Director (Operations), Marketing Head Office
8	Shri Sarvesh Kumar	Executive Director (Hydrotreating & Technical Services), R&D Centre
9	Shri Nitin Bhatnagar	Executive Director & State Head, IndianOil AOD State Office
10	Shri B Navnith	Executive Director (Corporate Strategy), Corporate Office

Key Functional Areas Covered

The promotions encompass critical business functions including Health, Safety & Environment, Employee Relations, Projects, Human Resources, Corporate Strategy, and Operations. Several appointments focus on state-level leadership positions across key markets.

Sl. No.	Name	Designation
11	Shri A. K. Samantaray	Executive Director & State Head, Bihar State Office
12	Shri Rajiv Sreshta	Executive Director & State Head, Uttar Pradesh State Office II
13	Shri Sumit Basu	Executive Director (Polymer), BD CO
14	Shri Sanjay Bhandari	Executive Director & State Head, Uttar Pradesh State Office I
15	Shri Puneet Agarwal	Executive Director (Business Development), BD CO
16	Shri Saroj Kant Roy	Executive Director (PC-Aromatics & Chemicals), BD CO
17	Shri Nitin Kumar	Executive Director (Corporate Finance & Treasury), Corporate Office
18	Ms. Madhavi B. Patra	Executive Director (Internal Audit), Corporate Office
19	Shri Girish Ranjan	Executive Director (Dir Mktg Sectt), Marketing Head Office

Regulatory Compliance and Next Steps

The company has formally notified both the National Stock Exchange of India Limited and BSE Limited about these senior management changes. Company Secretary Kamal Kumar Gwalani signed the disclosure document, confirming that detailed profiles of the newly appointed executives and XBRL files will be provided in due course. These appointments demonstrate Indian Oil Corporation's commitment to strengthening its leadership structure across diverse business verticals and geographical regions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.79%	-4.99%	-2.77%	+2.46%	+17.10%	+145.88%

Indian Oil Corporation Limited has announced a significant change in its senior management structure, with the departure of a key executive to a subsidiary company's board position.

Senior Management Transition

Shri S G Venkatesh, who held the position of Executive Director (Petrochemicals) in the Business Development Group, ceased to be a Senior Management Personnel of Indian Oil Corporation on January 5, 2026. This change represents a transition within the broader Indian Oil group structure rather than a complete departure from the organization.

Parameter:	Details
Executive Name:	Shri S G Venkatesh
Former Position:	Executive Director (Petrochemicals)
Department:	Business Development Group
Cessation Date:	January 5, 2026
New Role:	Director (Technical), CPCL Board

Appointment to Subsidiary Board

The executive's departure from Indian Oil Corporation's senior management was prompted by his appointment as Director (Technical) on the Board of Chennai Petroleum Corporation Limited (CPCL). CPCL operates as a subsidiary of Indian Oil Corporation Limited, indicating that this represents an internal promotion within the group's organizational structure.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing stock exchanges about this management change. The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which requires listed companies to disclose material changes in senior management personnel.

Regulatory Aspect:	Details
Regulation:	SEBI Regulation 30
Disclosure Date:	January 6, 2026
Management Level:	One level below Board of Directors
Company Secretary:	Kamal Kumar Gwalani

Corporate Structure Impact

This management transition reflects the dynamic nature of leadership roles within large corporate groups. The movement of senior executives between parent companies and subsidiaries is common in integrated business structures, allowing for knowledge transfer and strategic alignment across different entities within the same corporate family.