Joint Secretary To Government Of India
Ministry Of Finance Government Of India
New Delhi India
As a senior executive in the Ministry of Finance in the government of India, I worked in the Department of Investment and Public Asset Management(DIPAM), where, as the promoter, I managed Government equity in Public Sector Enterprises in Oil and Gas, Natural Resources and Mining and other sectors with aggregate MCAP of over 90 Bn USD. Since Government is the promoter, having management control in these companies, DIPAM actively managed Capital structure of these companies with recommendations for buyback, disinvestment, Mergers and Acquisition, dividends policy, splitting of shares, issue of Bonus shares by these Public sector Enterprises. I planned and executed strategic sale of Government equity in a top OIl Marketing Company, ie, HPCL for a consideration of around 6 Bn. USD