ONGC appoints Vivek Chandrakant Tongaonkar as CFO

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ONGC appoints Vivek Chandrakant Tongaonkar as CFO
ONGC appoints Vivek Chandrakant Tongaonkar as CFO

Prior to his current role, Tongaonkar was Mangalore Refinery and Petrochemicals Limited’s (MRPL) Director (Finance) and CFO.

Vivek Chandrakant Tongaonkar has been named the next Chief Financial Officer (CFO) of the Oil and Natural Gas Corporation (ONGC). Devendra Kumar will be succeeded by Tongaonkar as CFO.

With more than 37 years of expertise, Tongaonkar is well-versed in the sector. Several significant positions have shaped his career with ONGC, including his prior position as CFO from April 2021 to December 2021. Prior to his current role, Tongaonkar was Mangalore Refinery and Petrochemicals Limited’s (MRPL) Director (Finance) and CFO.

Throughout his time at MRPL, Tongaonkar achieved notable financial achievements. Under his direction, the company paid off Rs 3,183 crore in high-interest term loans, saving an estimated Rs 200 crore a year. The market value of MRPL increased dramatically from Rs 10,623 crore to an astounding Rs 50,700 crore under his financial direction.

Until his superannuation on April 30, 2026, or until further orders, whichever comes first, Tongaonkar will remain Director (Finance).

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