Srividya Venkataraman Selected as Director (Finance) at Hindustan Petroleum Corporation Limited
The PESB has selected Mrs Srividya Venkataraman, currently with BPCL, as the new Director (Finance) for HPCL.
Srividya Venkataraman, currently Executive Director at Bharat Petroleum Corporation Limited, has been selected for the position of Director (Finance) at Hindustan Petroleum Corporation Limited, following a Public Enterprises Selection Board interview process involving 12 candidates on February 28, 2026.
HPCL is among India's major public sector oil marketing and refining companies, and the Director (Finance) position carries board-level responsibility for the organisation's financial strategy, capital allocation, and resource mobilisation decisions across its refining and marketing operations nationwide.
Venkataraman's move from Executive Director at BPCL, a peer public sector oil company, to the board-level Director (Finance) position at HPCL represents a cross-company move between two of India's major state-owned oil marketing enterprises, a pattern PESB periodically follows when drawing on executive talent across the broader oil sector public enterprise landscape rather than restricting selection to internal candidates alone.
The 12-candidate interview pool for this vacancy reflects the competitive nature of Director-level appointments at major public sector oil companies, with PESB drawing candidates from across BPCL, HPCL, Indian Oil Corporation, and other public sector energy enterprises with relevant financial leadership experience.
HPCL has continued working through the oil marketing sector's ongoing capital-intensive refinery expansion and modernisation projects, alongside the broader energy sector's gradual diversification toward cleaner fuels, both factors that will shape the incoming Director (Finance)'s strategic priorities.
Following PESB's recommendation, the appointment proceeds through the standard clearance process involving the Ministry of Petroleum and Natural Gas and the Appointments Committee of the Cabinet before formal notification.
The selection was processed through the Public Enterprises Selection Board's standard procedure for board-level appointments at central public sector oil and gas enterprises.
