Mahanagar Gas Limited has officially appointed a new Chairman and Managing Director following shareholder approval. Mr. Deepak Gupta assumes the role of Non-Executive Non-Independent Director and Chairman, while Mr. Praveer Kumar Srivastava has been appointed as the new Managing Director. These leadership transitions, effective between March 2026 and April 2026, aim to bolster the company’s strategic direction and operational oversight within the evolving energy sector.
New Leadership Appointments
Following a successful shareholder ballot, Mahanagar Gas Limited has announced key changes to its top leadership. Mr. Deepak Gupta has been appointed as the Non-Executive Non-Independent Director and Chairman of the Company, effective March 01, 2026. Mr. Gupta brings over 35 years of deep experience in the oil and gas value chain and currently serves as a Director on the boards of several industry-leading entities.
Additionally, Mr. Praveer Kumar Srivastava has been appointed as the new Managing Director. His term is set for five consecutive years, commencing from April 30, 2026, and extending through April 29, 2031.
Strategic Profiles
Mr. Deepak Gupta’s appointment follows a distinguished career where he spearheaded major infrastructure initiatives, including complex refinery and petrochemical projects. His leadership is expected to drive corporate governance and strategic alignment. Similarly, Mr. Praveer Kumar Srivastava joins the leadership team with over three decades of experience at GAIL (India) Limited. His expertise in Green Hydrogen, LNG projects, and large-scale pipeline operations is poised to support the company’s commitment to sustainability and clean energy transition.
Future Outlook
These appointments mark a significant phase for the company as it continues to focus on operational agility and innovation. By leveraging the technical and strategic backgrounds of its new leaders, the company intends to maintain its strong emphasis on safety, efficiency, and long-term value creation for all stakeholders, while advancing its role in the national energy infrastructure landscape.
Source: BSE
