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Statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public

Statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public

Board of Directors: The Management of the Company is vested with the Board of Directors, which formulates strategies, policies and reviews its performance periodically. The Chairman& Managing Director (CMD) and Six Whole-Time Directors viz. Director (Onshore), Director (Technology & Field Services), Director (Finance), Director (Offshore), Director (Exploration) and Director (Human Resource), manage the business of the Company under the overall supervision, control and guidance of the Board of Directors.

The strength of the Board is 18 members, comprising of 7 Functional Directors, including the Chairman & Managing Director and 11 non-executive Directors comprising 2 part-time official Directors and 9 part-time non-official Directors all nominated by Government of India. The Board of Directors thus, has an adequate combination of executive and non-executive Directors.

In terms of the Articles of Association of the Company, the Board of Directors can have minimum Four Directors and maximum Twenty one Directors. As on 2nd January 2016, the strength of the Board of Directors is 13 members, comprising of 7 Functional Directors (including the Chairman & Managing Director) and 6 Non-executive Directors (comprising 2 part-time official nominee Directors and 4 part-time non-official Director) nominated by the Government of India. To share the global experience and business strategies, Managing Director, ONGC Videsh Limited (OVL) is a permanent invitee to the meetings of the Board.

The Composition of the Board of Directors as on 2nd January 2016 is as under:

Name of the Director Designation
   
(A) CMD and Functional Directors
1. Shashi Shanker Chairman & Managing Director
2. Shashi Shanker Director (T&FS)
3. Tapas Kumar Sengupta Director (Offshore)
4. Desh Deepak Misra Director (HR)
5. Ajay K Dwivedi Director (Exploration)
6. Ved Prakash Mahawar Director (Onshore)
  Director (Finance)
   

(B) Government Nominees

1. A P Sawhney Govt. Nominee Director
2. U P Singh Govt. Nominee Director
   
(C ) Independent Directors
1.  Ajai Malhotra Independent Director
2. K M Padmanabhan Independent Director
3. Prof. Shireesh B. Kedare Independent Director
4. Deepak Sethi Independent Director
5. Sumit Bose Independent Director
6. Vivek Mallya Independent Director
7. Dr Santrupt Misra Independent Director

Board Level Committees:

ONGC has the following Board Level Committees

  1. Audit & Ethics Committee
  2. Financial Management Committee
  3. Project Appraisal Committee
  4. Human Resource Management Committee
  5. Stakeholders’ Relationship Committee
  6. Nomination & Remuneration Committee
  7. Health Safety & Environment Committee
  8. Committee on Corporate Social Responsibility & Sustainability Development
  9. Committee on Dispute Resolution
  10. Committee of Directors for Issue of Duplicate share Certificates
  11. Risk Management Committee
  12. Research and Development Committee
  13. Project Review Committee
  14. Committee for Review of Subsidiaries & Joint Ventures
  15. Committee for Review of Operations


List of Committees of the Board (as reconstituted on 22.04.2016)

Sl.
No.
Name of the Committee  Members
1. Audit & Ethics Committee
  1. Shri K. M. Padmanabhan - Chairman
  2. Shri Ajai Malhotra - Member
  3. Prof. S. B. Kedare - Member
    - Director (Finance) - Invite
    - Chief- IA - Invitee
Convener - Director Finance)  
2. Financial Management Committee
  1. Shri K. M. Padmanabhan - Chairman
  2. Shri Ajai Malhotra - Member
  3. Prof. S. B. Kedare - Member
  4. Director (Finance) - Member
  5. Concerned Functional Director - Member
Convenor - Director (Finance)
3. Project Appraisal Committee  
  1. Prof. S. B. Kedare - Chairman
  2. Shri Ajai Malhotra - Member
  3. Shri K. M. Padmanabhan - Member
  4. Shri A P Sawhney - Member
  5. Shri U.P. Singh - Member
  6. Director (Offshore) - Member
  7. Director (Finance) - Member
  8. Concerned Functional Director - Member
Convener - Director (Offshore)
4. Human Resource Management Committee
  1. Shri Ajai Malhotra - Chairman
  2. Shri K. M. Padmanabhan - Member
  3. Prof. S. B. Kedare - Member
  4. Shri A P Sawhney - Member
  5. Shri U.P. Singh - Member
  6. CMD and all Functional Directors - Members
Convener - Director (HR)
5. Stakeholders’ Relationship Committee
  1. Shri Ajai Malhotra - Chairman
  2. Prof. S. B. Kedare - Member
  3. Shri K. M. Padmanabhan - Member
  4. Director(HR) - Member
  5. Director(Finance) - Member
Convener - Company Secretary
6. Nomination & Remuneration Committee
  1. Shri K. M. Padmanabhan - Chairman
  2. Shri Ajai Malhotra - Member
  3. Prof. S. B. Kedare - Member
  4. Shri A P Sawhney - Member
  5. Shri U.P.Singh - Member
  6. Director (HR) - Invitee
  7. Director(Finance) - Invitee
Convener - Director (HR)
7. HSE Committee  
  1. Prof. S. B. Kedare - Chairman
  2. Shri Ajai Malhotra - Member
  3. Shri K. M. Padmanabhan - Member
  4. Shri U.P. Singh - Member
  5. CMD and all Functional Directors - Members
Convener - Director (Exploration)
8. Committee on CSR & SD
  1. Shri Ajai Malhotra - Chairman
  2. Shri K. M. Padmanabhan - Member
  3. CMD - Member
  4. Director(HR) - Member
  5. Director(Finance) - Member
Convener - Director (HR)
9. Committee on Dispute Resolution
  1. Shri Ajai Malhotra - Chairman
  2. Prof. S. B. Kedare - Member
  3. Shri K. M. Padmanabhan - Member
  4. Director (T&FS) - Member
  5. Director (Onshore) - Member
  6. Director (Finance) - Member
  7. Concerned Functional Director - Member
Convener - Director (T&FS)  
10. COD for Issue of Duplicate share Certificates
  1. Director (Finance) - Chairman
  2. Director (T&FS) - Member
  3. Director (HR) - Member
Convener - Company Secretary
11. Risk Management Committee
  1. Shri K. M. Padmanabhan - Chairman
  2. Prof. S. B. Kedare - Member
  3. Shri Ajai Malhotra - Member
  4. Director (T&FS) - Member
  5. Director (Offshore) - Member
  6. Director(HR) - Member
  7. Director (Exploration) - Member
  8. Director (Onshore) - Member
  9. Director (Finance) - Member 
  10. Director (Finance) OVL, Chief Risk Officer, Chief  Internal Audit, Company Secretary, and Chief Legal -Permanent Invitees
Convener - Director (Finance)
12. Research and Development Committee
  1. Prof. S. B. Kedare - Chairman
  2. Shri Ajai Malhotra - Member
  3. Shri A P Sawhney - Member
  4. Director (T&FS) - Member
  5. Director (Offshore) - Member
  6. Director(HR) - Member
  7. Director (Exploration) - Member
  8. Director (Onshore) - Member
  9. Director (Finance) - Member
Convener - Director (Exploration)
13. Project Review Committee
  1. Shri K. M. Padmanabhan - Chairman
  2. Prof. S. B. Kedare - Member
  3. Shri Ajai Malhotra - Member
  4. Shri A P Sawhney - Member
  5. Shri U.P. Singh - Member
  6. Director (Offshore) - Member
  7. Director (Onshore) - Member
  8. Director (Finance) - Member
  9. Concerned Functional Director - Member
Convener - Director (Offshore)
14. Committee for Review of Subsidiaries & Joint Ventures
  1. Shri Ajai Malhotra - Chairman
  2. Prof. S. B. Kedare - Member
  3. Shri K. M. Padmanabhan - Member
  4. Shri U P Singh - Member
  5. Director (T&FS) - Member
  6. Director (Offshore) - Member
  7. Director (Onshore) - Member
  8. Director (Finance) - Member
Convener - Director (Finance)
15. Committee for Review of Operations
  1. Shri Ajai Malhotra - Chairman
  2. Prof. S. B. Kedare - Member
  3. Shri K. M. Padmanabhan - Member
  4. Shri A P Sawhney - Member
  5. Shri U P Singh - Member  
  6. Director (T&FS) - Member
  7. Director (Offshore) - Member
  8. Director (Exploration) - Member
  9. Director (Onshore) - Member
  10. Director (Finance) - Member
Convener - Director (T&FS)