Shri Tongaonkar is an Industry veteran with over 37 years of professional experience in diverse activities across the Energy value-chain. He brings a wealth of experience and a proven track record in financial and managerial leadership, making him a valuable addition to India’s Energy Maharatna.
In his previous role, Mr. Tongaonkar served as Director (Finance) & CFO at Mangalore Refinery & Petrochemicals Limited (MRPL) from May 2023 till June 2024. He is also serving as the Chairman of the Board for the Mangalore Special Economic Zone Limited (MSEZL), a key entity within the ONGC group of companies.
Mr. Tongaonkar’s educational background includes an Engineering D egree from the College of Engineering, Pune, and an MBA in Finance from the Symbiosis Institute of Business Management, Pune. He began his illustrious career with ONGC in March 1987 as an Assistant Executive Engineer (Electrical) , where he played a crucial role in the Engineering & Construction Division. His early career was marked by significant contributions to the design, engineering, fabrication, installation, pre-commissioning, and commissioning of offshore facilities, including well platforms, process platforms, and pipelines. He gained rich technical experience of offshore facilities. Thereafter, he enrolled for full time MBA (Finance) program from the Symbiosis Institute of Business Management by availing leave for higher education. After completion of the program, he laterally shifted to Finance discipline in ONGC.
Mr. Tongaonkar grew up along the hierarchy and held several senior roles at ONGC with diverse geographical exposure in Mumbai, Assam, Baroda and Delhi. His expertise encompasses Project Management, Accounts, Audit, Budgeting, Treasury & Investments, Capital Investments, Commercial & Marketing, Taxation, JV Finance, and Strategy. Notably, he also led the Investor Relations Cell at ONGC, further demonstrating his versatility and leadership capabilities. He was part of the select team of officers who formulated ONGC’s Perspective Plan 2030.
Mr. Tongaonkar served as the Executive Director – Chief Corporate Finance at ONGC, overseeing critical financial portfolios and guiding the organization through transformative initiatives. He was also the CFO at ONGC from April 2021 to December 2021. He also served as Executive Director – Chief Offshore Finance in Mumbai, managing the finance functions of ONGC’s largest operational and revenue area. He was instrumental in consolidating the personal claims and accounts payable with system improvements in respect of three Assets resulting optimisation of manpower. His strategic initiatives included centralizing forex procurement that resulted in substantial cost savings and ensuring the continuity of finance operations during the COVID-19 pandemic.
Issued By:
Corporate Communications, ONGC