Avendus Capital appoints former ONGC Chairman to its board of directors

MUMBAI: The city-based financial services firm Avendus Capital has appointed RS Sharma, the former CMD of ONGC, to its board of directors.

In 2011, the company had deals worth $2.2 billion.

Sharma was the Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation (ONGC) from May 2006-January 2011. Concurrently, he was also the Chairman of ONGC Videsh Ltd (OVL), Mangalore Refinery & Petrochemicals Ltd (MRPL) and five other ONGC Group companies during the period.

Ranu Vohra, Avendus Capital CEO and Managing Director, said, “His (Sharma’s) deep knowledge of the global economy and business, as well as unique experience as the CEO of one of India’s leading enterprise will be of immense value to Avendus.’’