New Delhi, Sept.23 (ANI): A.K. Srinivasan, 57, has taken over as Director (Finance) of the ONGC today subsequent to his presidential appointment to the ONGC Board of Directors.
Srinivasan, an IIM Bangalore alumnus, is an accomplished finance professional with experience of over 31 years in upstream oil and gas finance.
Srinivasan started his professional journey with ONGC as a graduate trainee in the year 1983. He has demonstrated his professional capability in diverse facets of financial planning and management with the energy major.
With experience in the capital markets, project financing & contracts, corporate budgeting & planning, corporate accounting, corporate taxation and dispute resolution, Mr Srinivasan has a broad array of expertise up his sleeves.
As Executive Director (Finance), Srinivasan played a pivotal role in international fund raising during the ONGC Videsh bond issue, securing over USD 700 mn worth of credits for the overseas subsidiary of ONGC.
Srinivasan has played major role in the acquisition of various oil and gas development projects, Power, Petro-Chemical and capital assets for ONGC. He has also steered critical productivity enhancement projects like the transition from excel based reporting to SAP based reporting and implementation of Enterprise Resource Planning (ERP) projects across ONGC.
In pursuit of excellence, Mr Srinivasan has also undergone various development programs like the Advanced Management Program at IIM Lucknow, Senior Management Program at the Indian School of Business, Hyderabad and Oil and Gas Accounting from University of Texas, Dallas. (ANI)