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Ruchir Agarwal has been appointed as the Director (Finance) of Mazagon Dock Shipbuilders Limited (MDL). His appointment was approved by the Appointments Committee of the Cabinet (ACC) on March 5, based on a proposal from the Department of Defence Production.
On the same date, the Department of Personnel & Training (DoPT) issued an order stipulating that Agarwal will serve in this new role for five years, commencing from his assumption of charge and continuing until further orders are issued, whichever comes first. He is the Executive Director (Finance) at the Indian Oil Corporation Limited’s (IOCL) R&D Centre in Faridabad.
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Agrawal is a distinguished professional with over 31 years of experience in the oil and gas industry. He is a Fellow Member of the Institute of Cost and Works Accountants of India and the Institute of Chartered Ship Brokers, London.
Having joined Indian Oil in 1994, Agrawal has held key positions across various departments, including International Trade, Treasury, Business Development, R&D, and Corporate Audit. He has also served as a board member for multiple joint ventures and subsidiaries of Indian Oil, both in India and abroad.
With extensive expertise in treasury, shipping, international trade, gas, corporate finance, and exploration & production (E&P), Agrawal has played a crucial role in strategic initiatives.
He has been actively involved in restructuring joint ventures and subsidiaries, enhancing market capitalization, and was instrumental in establishing India’s first finance company by a non-finance company in IFSC, Gandhinagar.
With a robust background in finance and extensive experience at Indian Oil, Agarwal is expected to bring valuable expertise to MDL, a premier shipbuilding company playing a crucial role in India’s maritime defence capabilities.
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