Experience of more than 30 years in the Indian landscape of Oil, Gas & Petrochemical sectors spanning Marketing, Strategy, Logistics, Sales, Technical Services, and Projects Conceptualization. Currently heading 'New Business' vertical in the parent company - Indian Oil Corporation Limited, which handles B2B engagements in neighbouring countries, forging collaboration with like-minded entities and commercializing identified start-ups. Played a significant role in developing the Petrochemical Perspective Plan at the national level under the Ministry of Petroleum & Natural Gas. Possesses in-depth know-how in due diligence of Petrochemical Companies - both domestic and international, including marketing, technical and financial due diligence. Non-Executive nominee Director on the boards of a domestic subsidiary and one international company, apart from TeCL. Involved in collaboration with multi-billion-dollar Japanese global organizations.
Regular meditator who brings the serenity of self-awareness to the dynamism of the workplace. Proven team leader
Serves as Executive Director (Sustainable Development) at Indian Oil Corporation Limited (IOCL). With over three decades of distinguished service at IOCL, he has provided strategic leadership in advancing the company’s sustainability agenda, particularly through the development and implementation of 2G ethanol and renewable energy initiatives. Under his guidance, IOCL has made significant progress toward its Net Zero operational emissions target by 2046, aligning with national and global sustainability benchmarks. Shri Dongre’s expertise has been instrumental in formulating and steering operational strategies that reinforce IOCL’s position as a leader in sustainable energy solutions. He holds a B.Tech in Mechanical Engineering from IIT Bombay and a Post Graduate Diploma in Management from IIM Ahmedabad, exemplifying a blend of technical proficiency and managerial excellence. His visionary leadership continues to drive IndianOil’s commitment to sustainable growth and innovation in the energy sector, and provides a runway for TeCL to take-off in its pursuit of green energy market leadership.
Shri Nitin Kumar has joined the board with effect from 13 August 2025. He is a Chartered Accountant and also holds Executive Masters from the Indian Institute of Foreign Trade.
He had joined Indian Oil Corporation Limited (IOCL) in 1996 and has rich experience of finance, corporate planning, corporate treasury and corporate strategy.
He carried out IOC’s maiden USD bond issuance in 2010 and India’s first 10-year Singapore Dollar bond in 2012 (the issuance was adjudged “the Indian Capital Market Deal of the Year 2012” by International Financing Review Asia). He has extensive experience of fund raising from national and international markets in terms of bonds, syndicated loans, bilateral revolving lines, export credit agency loans, buyer’s credit, packing credit in foreign currency, collateralised borrowing, working capital loan, commercial paper, inter corporate deposits, cash credit etc. He has developed corporate policy for exchange and interest rate risk management, financing of group entities, strategy of asset monetisation and has been part of various due diligence processes for M&A transactions.
Shri Nitin Kumar played a key role in establishing “SPRINT” – a transformational project in 2025 in IOCL.
Currently, Shri Nitin Kumar is in-charge of Corporate Finance and Treasury in IOCL.
The details of positions held in other entities are as under
| Sr No | Entity | Position |
|---|---|---|
| 1 | HINDUSTAN URVARAK & RASAYAN LIMITED | Nominee Director |
| 2 | IOC Global Capital Management IFSC Limited | Nominee Director |
