Dr. Ashutosh Karnatak, Director (Projects) of GAIL (India) Limited has been appointed as Director and elected as Chairman of Mahanagar Gas Limited effective from May 28, 2015. Dr. Ashutosh Karnatak is an M. Tech (Energy Studies) from IIT Delhi, an MBA (Finance) from IGNoU, a Ph.D. from University of Petroleum & Energy Studies, Dehradun and B. Tech (Electrical Engineering) from HBTI, Kanpur. Dr. Karnatak is presently pursuing Post-Doctorate in Business Administration on ‘Organizational Maturity in Project Management".
Dr. Ashutosh Karnatak, Director (Projects) of GAIL (India) Limited has been appointed as Director and elected as Chairman of Mahanagar Gas Limited effective from May 28, 2015. Dr. Ashutosh Karnatak is an M. Tech (Energy Studies) from IIT Delhi, an MBA (Finance) from IGNOU, a Ph.D. from University of Petroleum & Energy Studies, Dehradun and B. Tech (Electrical Engineering) from HBTI, Kanpur. Dr. Karnatak is presently pursuing Post-Doctorate in Business Administration on ‘Organizational Maturity in Project Management'.
Dr. Karnatak is presently an Executive Member in SCOPE. He is a multi-talented personality and has also developed various innovative techniques in Project Management & Employee Engagement. Dr. Karnatak was a member of Education & Training Board of International Project Management Association (IPMA), Switzerland, was part of the ‘International Technical Working Group’ constituted for implementation of 'Turkmenistan - Afghanistan - Pakistan - India (TAPI) Pipeline’ and had been the 'Industrial Member' in CBSE Committee involved in introducing 'Project Management' as a subject in Secondary School Academics.
Prior to his appointment as Director (Projects), Dr. Karnatak served as Executive Director (Projects) in GAIL and also as part time Director in GAIL GAS Limited, which he is still continuing. During his rich career span of over 30 years, he has successfully managed execution of diverse mega projects such as construction of cross country trunk pipelines like Dabhol - Bangalore, Dadri - Bawana - Nangal, Vijaipur - Dadri, Dahej - Vijaipur, Dahej - Uran, Dabhol - Panvel, R-LNG terminal at Dabhol, Petrochemical Plants at Vijaipur and Pata, LPG Gas Processing Plant at Gandhar etc., besides spearheading wind and solar energy projects. He has been instrumental in conceptualizing and implementing India’s first CNG Network in Mumbai and has been the Coordinator for 1st CNG Car Rally at Mumbai.
He has authored books on Oil and Gas Sector such as Asian Gas Grid - A critical analysis of its feasibility, Project Management of Hydrocarbon Pipelines - A Journey as well as on Self-Development such as 'Yes! You Can', 'Words Have Power'. He is the proponent of the movement called PI-CI-PI ("Positive India - Competent India - Projectized India"). He has developed an innovative Project Monitoring and Controlling technique called 'Arjuna-(MC4E2) ec' and a Competency building model named 'Be-Do-Pe'. Besides this, he has avid interest in astrology and is engaged in a number of social and developmental initiatives.
Mr. Apurva Chandra has been appointed as Director on the Board of Mahanagar Gas Limited.
Mr. Apurva Chandra has done his B Tech in Civil Engineering from IIT, Delhi, MTech in Structural Engineering from IIT, Delhi and Diploma in Business Finance from the Institute of Chartered Financial of India. Mr. Chandra belongs to the 1988 batch in Indian Administrative Service, Maharashtra Cadre.
Prior to joining as Principal Secretary (Industries), Government of Maharashtra, Mr. Apurva Chandra has spent more than 7 years in the Ministry of Petroleum and Natural Gas Government of India. He has been involved in framing of policies for fuel supplies to Industries, supply logistics, transportation, storage and distribution of fuel products, etc. Mr. Chandra was directly associated with the natural gas transportation infrastructure, setting up of city gas distribution companies, LNG Import Terminals and allocation of gas to Industries.
In the State Government, Mr. Chandra has been associated with the development of sugar sector including establishment of cogeneration plants and ethanol plants.
Mr. Apurva Chandra has also served on the Board of Directors of Maharatna PSU, M/s. GAIL (India) Limited and M/s. Petronet LNG Limited. Currently, Mr. Chandra is a Director on the Board of M/s. MOIL, M/s. Maharashtra Airport Development Company Limited, M/s. Aurangabad Industrial Township Limited and M/s. Maharashtra Vikrikar Rokhe Pradhikaran Limited.
Mr. Akhil Mehrotra has been appointed as Director on the Board of Mahanagar Gas Limited effective from March 11, 2016.
Mr. Mehrotra is an Energy Sector professional with over 24 years of experience in oil & gas, Power and Telecom Sector. Mr. Mehrotra is presently Director - Downstream Business in BG India. His key responsibilities include management of downstream business and advocacy for development of gas markets.
Mr. Mehrotra has held the position of Director - Business Development and Regulatory Affairs at Gujarat Gas Company Limited. His career also includes working with Reliance Group of Industries (Reliance Industries, Reliance Infocomm & BSES) handling Power, Petrochemicals & Telecom Business.
His key expertise, inter alia, are Management of Downstream Business, Business Development, Gas Market Development, Project Management, O&M, HSSE, Risk Management and Relationship Management. Mr. Mehrotra has chaired the committee on "Vision 2030" - Natural Gas Infrastructure in India, setup by Petroleum & Natural Gas Regulatory Board (PNGRB). The committee submitted its report in May 2013. He has been part of most committees set up by the PNGRB to draft the regulations in the gas sector in India.
Mr. Akhil Mehrotra has graduated in B.E. (Mechanical Engineering) from Government Engineering College, Jabalpur. He has done his MBA (Finance) (Part time) from IGNOU, Management Program from Indian Institute of Management, Bangalore (Residential Course), Diploma in Business Finance (Part time) from ICFAI, Hyderabad and diploma in Marketing Management (Part time) from NMIMS, Mumbai.
Mr. Rajeev Mathur is an Engineer by profession, having a Master’s Degree in Business Administration with specialization in Marketing Management and has put in three decades of broad experience in the Natural Gas & Petrochemical industry.
Mr. Mathur started his career stint with GAIL since its inception and was elevated to the position of Executive Director (Marketing). In his 30 years of rich experience in gas industry, he has steered many initiatives under different profiles of Marketing and Business Development areas. His assignments included overseeing the marketing function in GAIL viz. Natural Gas Trading, Gas Transmission and marketing other allied products within India & abroad; as an in-Charge Regulatory Affairs department ensuring adherence to regulatory framework, pricing, contract management and high stake legal cases as well as handling of stakeholders viz. investors, key ministries industrial chambers, etc. He had been a promoter nominee on the Board of Indraprastha Gas Ltd. (A City Gas Distribution Company at Delhi) ensuring corporate governance in terms of financial prudence, formulating strategic business plans to enhance shareholders value.
Apart from the above, Mr. Mathur has successfully co-ordinated the 08th Asia Gas Partnership Summit (AGPS) (the largest Natural Gas event in South Asia), represented India during Bilateral Cooperation in Energy Sector, acted as a coordinator for the sub group on Natural Gas sector for preparing the Approach paper for Natural Gas for MoPNG. Mr. Mathur was also associated with MoPNG in the formulation, structuring and drafting of National Gas Regulatory Board Bill, 2001.
Recently, he has moved to Mumbai since taking over the charge of Managing Director of Mahanagar Gas Limited (MGL), Mumbai (a City Gas Distribution company at Mumbai) as GAIL Nominee effective from September 29, 2014. He shall be overall in charge for day to day operation of the company under supervision, guidance of Board of Directors of MGL.
Ms. Susmita Sengupta has been appointed as Technical Director on the Board w.e.f. February 15, 2014.
Prior to joining Mahanagar Gas Limited, she has held the position of Director - Engineering, Project Management at DCP Midstream, Denver/Midland, CO/TX, USA. Ms. Sengupta, inter alia, has led internal and EPCM engineering / construction project activities for multi-faceted operating assets (pipeline, compressor stations, processing plants). She has provided hands-on management of project control / forecasting / reporting activities. She has also prepared and implemented engineering & HSE required certification, practices, policies, procedures and managed employee and EPCM performance and conducted performance reviews.
Her prior experience has included working as Project Director, Project Management for ENOGEX/OGE, Oklahoma City, OK, USA, as Engineering Manager, Engineering & Corrosion department for Vermont Gas Systems, Burlington, VT, USA, as Formal Leader, South East Region, Construction & Maintenance for MICHCON Gas Company, Detroit, MI, USA, as a Program Manager for British Gas Plc., London/Loughborough, and UK among others. During the span of her career, the responsibilities included managing all phases of project budget control and financial reporting, ensuring project being carried out is as per Company specifications and regulatory Standards and are being implemented as per contract, preparing and maintaining group business plan and budgets.
Ms. Susmita Senguta is a M.Sc in Chemical and Petroleum Engineering from the University of Calgary, Alberta and an AOSTRA Scholar from Alberta Oil Sands Technology and Research Authority Scholarship. She is affiliated to Professional Engineer, Canada, Pipeline Inspectors’ Certification, Canada and GRI/PRCI NDT Committee, North East Gas Association, AGA, ASME, ACHE.
Mr. Jainendar Kumar Jain has been appointed as an Independent Non-Executive Director.
Mr. Jain, aged 69 years, who is an Ex-Director (Finance) of GAIL, is a Chartered Accountant and fellow member of the Institute of Chartered Accountants of India. He has total experience of thirty two years in various Organizations in different capacities in Finance function. Mr. Jain was Director (Finance) in GAIL from 1996 to 2005. He was GAIL Nominee Director on the Board of Mahanagar Gas Limited from January 1998 to August 2003. He has been on the Board of Indraprastha Gas Limited besides various other companies in the past. Currently, Mr. J.K. Jain is a Director on the Board of M/s. Jamna Auto Industries Limited and M/s. EICL Limited. Mr. J.K. Jain has extensive experience in the areas of Finance, Investment, Funding, Compliance, Corporate Governance, Risk Management etc.
Mr. Arun Balakrishnan has been appointed as an Independent Non-Executive Director.
Mr. Arun Balakrishnan, aged 64 years, who retired as Chairman & Managing Director from Hindustan Petroleum Corporation Limited (HPCL) in July 2010, has graduated in B.E. (Chemical) from the College of Engineering, Trichur, Kerala and holds a post graduate Diploma in Management from the Indian Institute of Management, Bangalore, 1976. He has been presented the 'Distinguished Alumni Award 2008' by the Indian Institute of Management, Bangalore.
Mr. Arun Balakrishnan is also a Director on the Board of M/s. HPCL-Mittal Pipelines Limited, M/s. NCDEX E-Markets Limited, M/s. Linde India Limited, M/s. Linde India Limited, M/s.Japypee Infratech Limited, M/s. KSS Global BLV, M/s. Antrix Corporation Limited and M/s. Jaiprakash Power Ventures Ltd. In addition, Mr. Balakrishnan has also been appointed as Honorary Chairman of the Institute of Directors, Bangalore.
Dr. Basudeb Sen has been appointed as an Independent Non-Executive Director.
Dr. Sen has over 34 years of executive management experience in different areas of commercial, development and investment banking and portfolio management. He has served as Chairman and Managing Director of the Industrial Investment Bank of India Limited and Executive Director of the Unit Trust of India. Dr. Sen has served on various Committees set up by SEBI, RBI and domestic financial institutions and industry associations.
He is currently Independent Non-Executive Director on the Board of M/s. Sumedha Fiscal Services Limited, M/s. Dhunseri Petrochem Limited and M/s. AI Champdany Industries Limited. Dr.Sen had earlier served on the Board of several companies including CESC, L & T Limited, M/s. SREI Venture Capital Limited, M/s. ITC Limited, M/s. Himadri Chemical & Industries Limited and M/s. Gujarat NRE Coke Limited.
Dr. Basudeb Sen is a M.A. in Economics from Calcutta University and a Ph.D. from Indian Statistical Institute, besides being an alumnus of the Harvard Business School, USA.
Mr. Santosh Kumar has been appointed as an Independent Non-Executive Director.
Mr. Santosh Kumar, who retired as Director (Projects) from GAIL, is an Electrical Engineer from Motilal Nehru Engineering College, Allahabad (1970 batch). He has a total experience of more than thirty years in Fertilizers & Telecom followed by a major part in Oil & Gas Industry in India, particularly rich and varied experience in the fields of Human Resource Development skills and later as Head of Project activities followed by appointment by President Of India as Director (Projects) on the Board of GAIL.
Mr. Santosh Kumar was Director (Projects) in GAIL from November 2006 to June 2009. During his tenure in GAIL, he was also the Chairman of Green Gas Limited, Lucknow and Maharashtra Natural Gas Ltd., Pune and Director on the Board of Central UP Gas Ltd., Kanpur, NATGAS, Egypt and GSEG and a Member of First Board of Directors, Ratnagiri Gas & Power Pvt. Ltd., Dabhol. He was advisor with GSPL, Ahmedabad from September 2009 to August 2010.
He is also an Additional Director (Independent) on the Board of M/s. Indraprastha Gas Limited. Mr. Kumar is also a Consultant (Oil & Gas) for Project Finance SBU, State Bank of India.
Mr. Raj Kishore Tewari has been appointed as an Independent Non-Executive Director.
He has done his B.Sc. (Hons) and M.Sc. (Physics) from the University of Lucknow, M.Sc. (Fiscal Studies) from the University of Bath, U.K. and LLB from the University of Mumbai.
Mr. Tewari was recruited officer of the Indian Revenue Service and has been a part of the Direct Taxes Administration since 1976. He has expertise and wide experience of around 38 years in matters relating to direct taxes and has retired as a Member and Chairman of the Central Board of Direct Taxes (CBDT). He has been actively involved in formulation, implementation and administration of Direct Taxes policy of the Government of India.
As a Member/ Chairman of CBDT, he has attended international seminars/conferences, i.e. Commonwealth Association of Tax Administrators (CATA) seminar at Malta in October 2012; International Tax Dialogue (ITD) seminar at Marrakesh, Morocco in December 2013; and, Inter-American Centre of Tax Administration conference at Rio De Janeiro, Brazil in May 2014 and effectively projected India’s position. CIAT has now offered a Permanent Membership to India as against the present Associate Membership.
Mr. Sunil M Ranade, aged 54 years, is the Chief Financial Officer of our Company. He joined our Company on March 1, 1996. He holds a Bachelor’s degree in commerce from the University of Bombay.
He is the associate member of the Institute of Chartered Accountants of India and also a member of the Institute of Company Secretaries of India. At our Company, he is the functional head of Finance and Accounts Group and manages finance, accounting and forecasting in achieving financial and strategic objectives of the Company. Prior to joining our Company, he was the Finance Manager and Company Secretary with Wander Limited. He has also worked with Herdillia Polymers Limited, National Peroxide Limited, Goodlass Nerolac Paints Limited and Ashok Organic Industries Limited.
Mr. Rajesh P Wagle, aged 50 years, is the Head-Commercial of our Company. He joined our Company on July 22, 2002. He holds a Bachelor’s degree in chemical engineering from the Indian Institute of Technology at Mumbai. He also holds a Master’s degree in Computer Science from the University of Illinois at Urbana Champaign. At our Company, he is the Functional Head of the Commercial, Business Development and Marketing Groups. Prior to joining our Company, he has worked with Quantum Information Systems Limited, Enron India Private Limited and GAIL.
Mr. Shashwat Agrawal, aged 47, is Senior Vice President of our Company. He joined our Company on April 1, 2014. He holds a Bachelor’s Degree in Technology and Mechanical Engineering from Kurukshetra University. At our Company, he is the Functional Head of the Construction Department and is responsible for providing leadership, management and direction for all construction and projects activities of our Company. Prior to joining us, he has worked with Engineers India Limited and GSPC Gas Company Limited.
Mr. Srinivasan Murali, aged 52, is the Head, Operations and Maintenance of our Company. He joined our Company on October 3, 2002. He holds a Bachelor’s Degree in Technology and Mechanical Engineering from Banaras Hindu University. He also holds a Diploma and an Advanced Diploma in Management, and Diploma in Financial Management from Indira Gandhi National Open University. At our Company, he is the Functional Head of Operations, Maintenance and Metering Departments and is responsible for providing leadership management and direction for all activities related to operating and maintaining our Company’s assets safely and with maximum uptime. Prior to joining our Company, he has worked with Bilt Chemicals Limited, Cabot India Limited, Cement Corporation of India Limited and Indian Aluminium Company Limited.
Mr. Alok Mishra, aged 39, is the Company Secretary and Compliance Officer of our Company. He joined our Company on December 13, 2011. He holds a Bachelor’s Degree in Science and a Bachelor’s Degree in law from CSJM University, Kanpur. He is an associate member of the Institute of Company Secretaries of India and has also passed the intermediate examination held by the Institute of Cost and Works Accountants of India. He has also completed a Diploma in Business Finance from the Institute of Chartered Financial Analysts of India. At our Company, he presently handles the Corporate, Secretarial, Risk Management and Stakeholders’ Management. He has over 16 years of experience in legal and corporate secretarial functions. Prior to joining us, he has worked with companies including ISS Integrated Facility Services Private Limited, Lafarge India Private Limited and Go Airlines (India) Limited.