New Delhi, Delhi, India, October 2025 – Indian Oil Corporation Limited (IndianOil) has announced the appointment of Mr. Saumitra P. Srivastava as Director (Marketing) on its Board. With over three decades of experience in downstream operations, strategy, and retail transformation, Mr. Srivastava’s appointment marks a significant milestone in IndianOil’s continued journey toward innovation, customer-centricity, and sustainable energy solutions.
In his new role, Mr. Srivastava will spearhead IndianOil’s marketing vision and strengthen its strategic initiatives in line with the company’s broader mission of driving India’s transition towards future-ready and cleaner fuels.
Mr. Srivastava has had a distinguished career with Indian Oil Corporation Limited, where he has led several transformative initiatives. Before his elevation to the Board, he served as Head of Corporate Strategy, leading enterprise-wide initiatives to align business transformation with national and global energy trends.
Earlier, as Executive Director – Retail Transformation, he played a pivotal role in reshaping IndianOil’s retail landscape by digitalizing processes, improving network productivity, and introducing customer-focused innovations across more than 23,000 retail outlets. His leadership in driving wallet-based fuel payments marked a first-of-its-kind milestone in India’s fuel retail sector.
In previous leadership roles, including Chief General Manager (Retail Transformation) and General Manager (Retail Sales), Mr. Srivastava championed efforts in market expansion, service quality enhancement, and brand building across India’s dynamic energy markets. He also served as Chief Divisional Retail Sales Manager and Sr. Divisional Retail Sales Manager, managing operations in key territories and establishing CNG retail infrastructure initiatives that aligned with India’s green mobility mission.
Before taking on his corporate transformation mandates, Mr. Srivastava gained extensive operational experience in retail sales and non-fuel business segments, overseeing strategic alliances and developing real estate revenue models to diversify business income streams. His earlier roles in Bathinda, Mumbai, and New Delhi helped build a strong foundation in channel management, marketing strategy, and customer engagement.
About Indian Oil Corporation Limited
IndianOil is India’s leading energy major and a key pillar of the country’s economic growth story. Ranked 127th on the Fortune Global 500, IndianOil operates with the mission of energizing India’s journey toward a Viksit Aatmanirbhar Bharat. With a presence spanning from the Himalayas to Kanyakumari and from Arunachal Pradesh to the Thar Desert, the company powers the nation through its expansive energy network.
As India’s largest refiner and a diversified energy player, IndianOil serves over 3.2 crore customers daily across 40,000 fuel stations and 63,000+ touchpoints. Beyond fuels, the company has been instrumental in pioneering initiatives in green energy, digital transformation, and clean cooking solutions under the Ujjwala Yojana. Through its unwavering “Nation-First” philosophy, IndianOil continues to deliver energy that empowers people, communities, and industries across India.
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