Profile of Chairman

Mr Shrikant Madhav Vaidya heads the Fortune-500 Indian energy behemoth Indian Oil Corporation Ltd (IndianOil), India's largest oil refiner and fuel retailer. In March 2023, he was named as the top Indian CEO and # 81 globally in the CEOWORLD Magazine’s list of Most Influential global CEOs.

A Chemical Engineer from the National Institute of Technology-Rourkela, Mr Vaidya, has over 36 years of extensive experience in the downstream petroleum industry with rich expertise in refinery-petrochemical integration. A leading voice in the global discourse on energy security and sustainability, Mr Vaidya has been leveraging his pragmatic vision for India’s smooth, sustainable, energy transition.

As he steers IndianOil on an ambitious growth trajectory in sync with an ascendant Indian economy, Mr Vaidya remains a firm votary of responsible growth and upholding environmental sensitivity. IndianOil has thus embarked on a green transition path to realise the Net Zero Operational Emissions milestone by 2046.

Mr Vaidya has inspired a series of transformational market outreaches with the addition of low carbon product offerings. Under his dynamic leadership, IndianOil being the largest refiner in the country, is now the critical vitalising force as India aims to harness the power of green hydrogen, fully aligned with the national mandate.

Mr Vaidya has also inspired India's groundbreaking biofuel journey that holds the promise of utilising India's rich agricultural resources to offer new-age sustainable energy solutions. Landmark projects like Asia's first 2G (second generation) ethanol bio-refinery and the unique 3G ethanol Plant using refinery off-gases will perpetuate this green legacy. He is also the prime mover of several other IndianOil sustainable ventures, including Compressed Biogas (CBG), in which IndianOil is the first Indian company with a commercial CBG brand.

A novel initiative, ‘Unbottled’ has been rolled-out for recycling plastic PET bottles on a large scale to create uniforms for the IndianOil ground force and other stakeholders.

With future-ready business acumen, Mr Vaidya has harnessed IndianOil's R&D prowess to ensure first-movers’ advantage in exploring sustainable horizon technologies.

Mr Vaidya has also put IndianOil firmly on the forefront of corporate India's conservation efforts through pathbreaking initiatives like supporting the Cheetah reintroduction programme in India after their extinction over seven decades ago and protecting Indian single-horned rhinos.

Mr Vaidya has demonstrated a people-centric approach and passionately upheld humane values and national priorities while inspiring his teams towards the highest benchmarks of excellence. His empathetic leadership has cemented IndianOil's reputation as a Company committed to rising above business priorities to enrich the lives of communities and marginalised sections through well-crafted social outreaches across multiple areas, including sports, healthcare, education, women empowerment, and heritage conservation.

An ardent believer in the power of sports for social stewardship he ideated IndianOil's unique 'Prison to Pride' initiative, to transform the lives of India's prison inmates through the sports. Inmates from one of the prisons trained under this initiative have won international laurels in FIDE's International Chess Championship for prisoners, validating the remarkable initiative. A similar initiative 'Smile for Juvenile,' was launched in 2023 for rehabilitating young inmates in Juvenile Correctional Homes. His passion for sports met his relentless pursuit of gender equity when IndianOil emerged as the first corporate to sponsor the Indian Women's Hockey team, among the other initiatives to empower young, talented girls in the arena of sports.

The remarkable sporting outreaches conceived by Mr Vaidya earned IndianOil the prestigious Rashtriya Khel Protsahan Puruskar, the highest Indian award given by the President of India to Corporates for their role in the promotion of sports in the country, and the Chairperson's ‘Sports for Social Good award’ under the Sportstar Aces Award instituted by India’s leading sports magazine.

Leadership Positions:

Non Executive Chairman, Chennai Petroleum Corporation Limited
Non Executive Chairman, Ratnagiri Refinery & Petrochemicals Ltd.
Non Executive Director, Petronet LNG Ltd.
Trustee, Indian Oil Foundation
Member of Governing Body, Petroleum Planning & Analysis Cell (PPAC)
Co-Chairman - Governing Council, Federation of Indian Petroleum Industry (FIPI)
Board Member, Oil Industry Development Board (OIDB)
Member – Safety Council, Oil Industry Safety Directorate (OISD)
Member of Governing Council, Centre for High Technology (CHT)
Non Executive Chairman, Hydrocarbon Sector Skill Council
President, Petroleum Sports Promotion Board (PSPB)
Member, Council of Scientific and Industrial Research (CSIR)

Chairman's Photographs

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The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
ndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.