Brings Extensive Experience in Retail Transformation, Strategy, and Digital Innovation
Indian Oil Corporation Limited (IOCL), India’s leading energy major, has announced the appointment of Mr. Saumitra Srivastava as Director (Marketing). In addition to his new role, Mr. Srivastava will also serve as Chairman of IndianOil (Mauritius) Ltd and IndianOil Petronas Private Limited.
With a distinguished career spanning over three decades at IndianOil, Mr. Srivastava has held several key leadership positions, including Head of Corporate Strategy, Executive Director – Retail Transformation, and General Manager – Retail Sales. His tenure has been marked by a strong focus on driving strategic initiatives, digital transformation, and modernization of retail operations across more than 23,000 outlets nationwide.
Under his leadership, IndianOil has introduced several pioneering initiatives such as mobile wallet-based fuel payments, customer loyalty programs, and the expansion of CNG station networks across major regions, reinforcing the company’s customer-centric and innovation-driven approach.
Mr. Srivastava has also served on the boards of IOC Phinergy Private Limited and Lanka IOC PLC, where he contributed to advancing IndianOil’s global partnerships and sustainability goals.
His diverse expertise in marketing, retail transformation, and corporate strategy continues to position IndianOil at the forefront of India’s evolving energy landscape. With a vision anchored in innovation, operational excellence, and strategic foresight, Mr. Srivastava aims to strengthen IndianOil’s leadership in the energy and mobility ecosystem, both domestically and internationally.
