Leadership
SHRI RAKESH KUMAR JAIN, CHAIRMAN (AGL)
Shri Rakesh Kumar Jain is a Cost and Management Accountant by profession, He has rich and varied experience of around 33 years of working in Oil & Gas sector and regulator.
Prior to his appointment as Director (Finance), Shri Jain held the position of Executive Director (F&A)-HoD in GAIL. Additionally, Shri Jain holds the position of Chairman in GAIL Global (USA) Inc., GAIL Global (USA) LNG LLC. & and Director in GAIL Gas Limited, earlier he was on the Board of Indraprastha Gas Limited, Bhagyanagar Gas Ltd., Bengal Gas Company Ltd., Ratnagiri Gas and Power Pvt. Ltd (RGPPL).
As Executive Director (F&A)-HoD, he headed Corporate Finance and was actively involved in mobilization of funds from domestic and international markets, major investment decisions in various infrastructure projects.He has also been actively involved in Investor relations and interactions with Analysts fraternity
He has also worked in almost all business verticals of GAIL including GAIL’s largest Petrochemical plant at Pata. He has major contribution in formulation of LNG / RLNG sourcing and sales policy and hedging policy to mitigate the risk as well as hedging of the underlying assets.
Shri Jain has worked in the areas of Treasury including Forex Risk Management, Capital Budgeting, Corporate Accounts, Finalization of Long-Term international LNG and Gas Agreements, Pricing, Liquefaction and Regasification Terminal Service Agreement, Mergers & Acquisitions, Taxation, Regulatory aspects etc.
Besides serving a long tenure at GAIL, he was on deputation to Petroleum and Natural Gas Regulatory Board (PNGRB), as Jt. Advisor (Commercial and Finance). During his stint at PNGRB, he was actively engaged in the review of tariff regulations, conceptualization of unified tariff, authorization of CGD 9th & 10th bidding rounds, finance functions etc.
SHRI SANDEEP MAHESHWARI, DIRECTOR
Shri Sandeep Maheshwari is a Mechanical Engineer from NIT Kurukshetra, MBA (Mktg) and a Gold medallist in MBA (International Business) from Indian Institute of Foreign Trade , New Delhi. With a career spanning over 3 decades at HPCL, he has held various leadership positions.
Shri Sandeep Maheshwari, as ED-Retail, has led the nation’s 2nd largest retail network of over 23,000 Retail Outlets (including 1850 CNG fuelling stations) & 3600 plus EV Charging Stations.
His responsibilities encompassed the entire spectrum of Retail Business, Supply Chain Management, Digitization, Productivity Improvement, Market Share Improvement, Business Development, Renewable Energy, Innovations, Employee and Stakeholder Management. In his current role as the Executive Director – Corporate Strategy & Business Development, his vision is to transform HPCL into a diversified, resilient, future ready energy Company with global footprints.
SMT. ANJANA SANJEEVA, DIRECTOR
Smt. Anjana Sanjeeva is a Cost & Management Accountant by profession & MBA (Finance) with Gold Medal from Maharaja Sayaji Rao University of Vadodara (Gujarat). She has rich & varied experience of working in Finance & Accounts of Gas processing Units, Gas Trading & Gas Pipeline Transmission installations.
Smt. Anjana Sanjeeva has joined GAIL (India) Ltd., a Central Public Sector Undertaking (CPSU), in 1993 and has over 30 years of experience in Finance, Taxation, Budgetary control, Cost Management, etc. She has headed Finance function of O&M of Gas Processing Units, Pipeline Transmission and various Pipeline Projects.
Smt. Sanjeeva is currently working as Head of Finance of GAIL’s Maharashtra Regional Headquarter.
SHRI Indrajit Dasgupta, DIRECTOR
Mr. Indrajit Dasgupta is a distinguished member of the Institute of Chartered Accountants of India (ICAI). He is appointed as Director on the Board of Aavantika Gas Limited (AGL) with effect from 30th September, 2024. He brings with him rich and varied professional exposure of more than 28 years across various spectrum of Downstream Oil Company. He has held various key challenging assignments in HPCL in the field of Corporate Finance, Treasury, International Trade, Risk Management, Marketing Finance, SBU Commercials & Internal Audit. Presently, he is the Executive Director – Marketing Finance of Hindustan Petroleum Corporation Ltd from 1st Aug 2023.
His career journey includes significant roles in Corporate Finance, where he was involved in strategic financial planning and decision-making; Treasury, where he managed the company’s liquidity and financing activities; International Trade & Risk Management, where he worked on identifying, assessing and mitigating financial / operational risks associated with HPCL’s global trading operations. By implementing robust risk management frameworks, he helped safeguard the company’s interests in a complex and fluctuating global oil market, ensuring business continuity and profitability.
Additionally, his contributions to the SBU Commercial functions have helped enhancing operational efficiencies & streamline financial processes, enabling HPCL’s SBUs to optimize resource allocation, improved decision-making and ultimately contributing to achieve both growth and sustainability in highly competitive sectors. In his current position as ED – Marketing Finance, he has always been focused on the financial aspects of marketing strategies and business operations.
As a part of AGL Board, Mr. Dasgupta thus brings a wealth of knowledge and a forward-thinking approach to his leadership.
SHRI PANKAJ BHAGAT, MANAGING DIRECTOR
Shri Pankaj Bhagat took charge as Managing Director in Aavantika Gas Limited w.e.f. 19th January, 2024. He has been graduated as a Chemical Engineer from NIT, Tiruchirappalli, PGD-PE and also did MBA.
Sh. Bhagat carriers over 30 years of rich experience across the Natural Gas value chain in GAIL(India) Limited. He has been instrumental in promoting NG retailing models such as LNG/LCNG in Metal & Minning industry to expand consumption of Natural Gas in step with the vision of Government of India.
He has also worked in various roles across domains in GAIL including Gas Marketing, Gas Transmission, Petrochemical Marketing, City Gas Distribution (CGD) Business, Retail-LNG, Regulatory & Contract-legal functions.
Before Joining AGL, Sh. Bhagat was the Managing Director of Andhra Pradesh Gas Distribution Company Limited (APGDC) and its subsidiary Godavari Gas Private Limited (GGPL).
SHRI RAJESH JAIN, DIRECTOR (COMMERCIAL)
Mr. Rajesh Jain has been appointed as a Whole Time Director on the Board of Aavantika Gas Limited (AGL) with effect from 16th May, 2023.
Mr. Rajesh Jain is B. Com (Hons), Chartered Accountant, Bachelor of Law, PGDAM (HR) and also holds a Master degree in Business Administration (MBA), with specialization in Finance.
Mr. Rajesh Jain has joined Hindustan Petroleum Corporation Limited (HPCL) in July, 1993 and has rich and diverse experience of 30 years appx. in the field of Internal Audit, Head Compensation Management, Head Commercial, Retail Finance, Taxation, Zonal Finance, Payroll, Strategy implementation, Capability Building etc. Also held various senior level positions in Audit, Gas & Renewables (Commercial), other Finance positions and also handled various HR assignments.
Presently, Mr. Rajesh Jain is General Manager (Finance) in Hindustan Petroleum Corporation Limited and is on deputation in AGL as Director (Commercial).