Indian Oil Corporation appoints Anuj Jain as Director of Finance

Indian Oil Corporation Limited (IndianOil) has announced the appointment of Anuj Jain as the Director (Finance) of the company, effective from October 9, 2023. This appointment aligns with the Ministry of Petroleum and Natural Gas's letter dated October 9, 2023.

Simultaneously, with the appointment of Anuj Jain, Sanjay Kaushal has concluded his role as the Chief Financial Officer (CFO) of the Company, also effective from the same date.

Anuj Jain brings with him over 27 years of extensive experience in Finance, Taxation, and Commercial aspects of the Oil & Gas industry. He has managed various critical assignments, including Corporate Finance, Treasury & Fund Management, Supply Chain Optimization, Pricing, Shipping, Direct and Indirect Taxation, SAP, and ERP system implementation.

Currently holding the position of Chief General Manager (Finance) at Refineries Headquarters, Anuj Jain has also served as Senior Vice President (Finance) in Lanka IOC PLC., a listed subsidiary of Indian Oil in Sri Lanka. In this role, he oversaw the Finance function and was a Board member and Audit Committee member of Ceylon Petroleum Storage Terminals Limited (CPSTL), a strategic petroleum company in Sri Lanka. Anuj Jain has played an active role in formulating various business strategies for the energy transition of the Company in India's evolving energy sector landscape.