Anuj Jain Takes Over as Director (Finance) on Board of Indian Oil Corporation

Anuj Jain has taken over as the Director (Finance) on the Board of Indian Oil Corporation (IndianOil). Prior to this appointment, he was serving as the Chief General Manager (Finance) at the Company’s Refineries Headquarters.

A Chartered Accountant, Jain brings with him a rich experience of over 27 years with the energy major, at its refinery & marketing locations and Corporate Office. His expertise spans functions like corporate finance, treasury & fund management, supply chain optimisation, pricing, shipping, and taxation, among others.

Jain has also helmed the finance function in Lanka IOC PLC., a subsidiary of IndianOil, and served as a Board Member and a member of the Audit Committee for Ceylon Petroleum Storage Terminals Limited (CPSTL), a key petroleum entity in Sri Lanka.

Notably, he has been at the forefront of formulating pivotal business strategies, ensuring smooth transition in the evolving energy landscape.

IndianOil is a diversified, integrated energy major, ranked 94th in the Fortune-500 list for 2023. As India’s largest refinery and fuel retailer, the Company has a vast network of over 60,000 plus customer touchpoints, bolstered by over 70.0 million metric tonnes per annum (MMTPA) of refining capacity and more than 19,000 Km. of cross-country energy pipelines. For the financial year 2022-23, IndianOil recorded revenue from operations amounting to ₹9,34,953 Crores and a net profit of ₹8,242 Crores.