Vikas Kaushal Appointed as HPCL CMD

The government has appointed Vikas Kaushal as the Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL) for a tenure of five years. He replaces Rajneesh Narang, who had been serving as the interim CMD since September 1, 2024. Kaushal, a seasoned leader with over three decades of experience in the energy, oil & gas, and power sectors, has played key roles in leading strategic transformations and digital initiatives in major Indian energy companies.

Key Highlights of Vikas Kaushal’s Appointment & Career

Professional Background & Experience

  • Over 30 years of experience in energy, oil & gas, and power sectors.
  • Previously served as MD & Country Head of Kearney India for five years.
  • Twice elected to Kearney’s Global Board of Directors, the only Indian considered for the role.
  • Advisor and consultant to HPCL, IndianOil, BPCL, GAIL, and other leading companies.

Education & Academic Credentials

  • Chemical Engineering graduate from Panjab University.
  • MBA from Indian Institute of Management (IIM), Ahmedabad.

Key Contributions in Oil & Gas Industry

At Indian Oil Corporation (IOC)

  • Led a five-year digital transformation program, earning awards for Best Digital Oil Company.
  • Spearheaded multiple strategy projects in petrochemicals, gas, and related domains.
  • Led Dhruva retail transformation, refinery maintenance transformation, and lubes business cost transformation.

At HPCL

  • Established the centralized procurement office, driving cost efficiency and savings.
  • Developed petrochemical diversification strategies.
  • Led net zero planning for BPCL.

Other Key Contributions

  • Implemented corporate planning for NTPC.
  • Led reliability-centered maintenance for Tata Power.
  • Designed and executed commercial & industrial power sales for a global renewable energy company, leading to 2 GW+ business expansion.
Summary/Static Details
Why in the news? Vikas Kaushal Appointed as HPCL CMD
Position Chairman & Managing Director (CMD), HPCL
Term Duration 5 years
Predecessor Rajneesh Narang (interim CMD)
Education – B.Tech in Chemical Engineering (Panjab University)
– MBA (IIM Ahmedabad)
Industry Experience 30+ years in energy, oil & gas, and power sectors
Past Roles – MD & Country Head, Kearney India
– Global Board Member, Kearney
– Advisor to HPCL, IOCL, BPCL, GAIL
Key Contributions – Led IOC’s digital transformation
– Spearheaded petrochemical diversification at HPCL
– Developed net zero plans for BPCL
– Implemented corporate planning for NTPC
– Led 2 GW+ business expansion in renewables
Shivam

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