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
A Mechanical Engineering graduate from Regional Engineering College, Calicut, with over three decades of experience in the oil & gas sector, he joined Indian Oil Corporation Limited as a Trainee Engineer at Haldia Refinery in 1992. Over the years, he has held key leadership roles across Haldia, Mathura, and Panipat Refineries, and later at the Corporate Office as Executive Director (Projects) in 2023. He brings over 20 years of expertise in refinery maintenance, reliability engineering, and asset management, along with more than a decade of experience in project design, engineering, and execution of large-scale projects. He has successfully led several landmark initiatives, including 2G and 3G ethanol projects, BS-VI fuel quality upgradation, refinery expansions, petrochemical projects, and Indian Oil’s first Green Hydrogen project at Panipat. He is currently serving as Executive Director (Alternative Energy), heading Indian Oil’s Alternative Energy business at the Corporate Office, New Delhi, and driving the company’s transition towards sustainable and low-carbon energy solutions.
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 |
