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Virendra Singh Jain new director at Essar Oil

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Staff writer | Mumbai, India | May 14, 2013
Essar OilMay 14, 2013, Mumbai, India - Essar Oil, an oil and gas company, announced the appointment of Virendra Singh Jain as an independent director.
Mr. Jain, a fellow member of the Institute of Chartered Accountants of India and Institute of Cost Accountant of India, retired from SAIL as the Chairman in 2006, having joined the Maharatna as Director - Finance. Prior to that, he worked with Indian Oil Corporation for 26 years, where he was responsible for international negotiations for procurement of crude and petroleum products and implementation of financial strategies and financial appraisal of projects.

After retirement, Mr. Jain served the Jindal Group as Managing Director and CEO of Jindal Stainless Limited. He also held the post of Member of the Public Enterprises Selection Board for over three years till July 2011. He had a place in a coveted list of Best-performing 100 global CEOs spanning a period of 17 years (1995-2011) drawn by Harvard Business Review.