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Oil India Limited Welcomes New Director of Finance: Shri Abhijit Majumder

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In a significant development, Shri Abhijit Majumder has taken over as Director (Finance) on the Board of Oil India Limited (OIL), effective November 20, 2024 ¹. This appointment marks a new chapter in OIL’s financial leadership, as Shri Majumder succeeds Shri Harish Madhav, who superannuated on June 30, 2024.

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With over 32 years of experience in finance, Shri Majumder brings expertise in Financial Management, Corporate Governance & Compliance, Risk Management, Project Management, and Corporate Business Development. His illustrious career includes notable stints as:

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– Senior Officer at OIL since 1998
– Head of Project Finance Department in OIL’s Bay Exploration Project
– Deputation in DGH, India’s upstream regulator
– CFO at HPOIL Gas Private Limited, a joint venture between OIL and HPCL

A distinguished member of the Institute of Cost & Management Accountants of India, Shri Majumder holds a bachelor’s degree in economics, law (LLB), and a postgraduate diploma in Forex Management from ICFAI. He is also an alumnus of the IICA Valuation Certificate Program.

Key Leadership Team:

– Shri Abhijit Majumder, Director (Finance), Oil India Limited
– Shri Harish Madhav, outgoing Director (Finance)
– Public Enterprise Selection Board (PESB)

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