Indian Oil Corporation (IOC) has announced the appointment of Saumitra Priya Srivastava as Director (Marketing), effective October 3, 2025. Srivastava brings over three decades of experience in the oil and gas industry and has held key positions within IOC, including leading the Corporate Strategy Group. The appointment is expected to further strengthen IOC’s market position and strategic initiatives.
New Leadership in Marketing
Saumitra Priya Srivastava has been appointed as the Director (Marketing) of Indian Oil Corporation (IOC) effective October 3, 2025 (afternoon). This appointment follows a letter from the Ministry of Petroleum and Natural Gas (MOP&NG) and marks a significant addition to IOC’s leadership team.
Experience and Background
Srivastava is a Civil Engineer from IIT, Roorkee and holds an MBA from SP Jain Institute of Management & Research, Mumbai. With over three decades of experience in the Oil and Gas industry, Shri Srivastava has contributed to downstream operations, marketing, and strategic planning, including serving as the State Head for Maharashtra.
Key Contributions
Prior to this role, Srivastava led the Corporate Strategy Group, focusing on enhancing customer satisfaction and streamlining operations. He was instrumental in the rollout of SPRINT, a company-wide transformation programme launched in April 2025, to foster agility and innovation.
Directorships in Other Companies
In addition to his role as Director (Marketing) at Indian Oil, Srivastava also holds non-executive positions in the following companies:
- IndianOil (Mauritius) Limited, Mauritius (Non-Executive Chairman)
- Indian Oil Petronas Private Limited (Non-Executive Chairman)
- Lanka IOC Plc, Sri Lanka (Non-Executive Director)
Source: BSE
