Sarthak Behuria

Sarthak Behuria is a management professional with over three decades of experience in the Indian business sector; predominantly in the highly competitive petroleum industry. Currently he is the Group President at Modi Enterprises; primarily entrusted with the task of expanding the Group’s operations internationally.[1][2] Behuria, previously held leadership positions at Bharat Petroleum Corporation and the Indian Oil Corporation Limited.[3]

Career


He acquired a degree in economics from St. Stephen’s College in New Delhi before gaining a post-graduate qualification in business administration from the reputed Indian Institute of Management, Ahmedabad.[4] He began his career in the energy industry by joining Burmah Shell in 1973, after which he was absorbed in Bharat Petroleum Corporation (BPCL), wherein he served varied portfolios in supply and distribution, sales, industrial relations and downstream infrastructure, before rising to the position of Chairman and Managing Director in the year 2002.[5] During his time at BPCL, Behuria utilised his expertise in marketing to transform the organisation’s retail operation by focusing on customer expectations.[6] He was the driving force behind the successful ‘Pure for Sure’ campaign which emphasised the importance of quality for the first time in the oil industry.[7] In 2005, Behuria was appointed as the Chairman of the Indian Oil Corporation (IOC), replacing MS Ramachandran, who retired in February 2005. The Public Enterprises Selection Board (PESB) — the body in charge of recruiting the IOC Chairman, selected Behuria over seven other candidates.[8]

During his five-year stint at IOC, Behuria ensured that the PSU grew steadily in the Fortune 500 rankings as he oversaw a 25% annual increase in revenues. His strategic initiatives with regards to diversification as well as backward and forward integration drove IOC towards development and a remarkable 100% increase in revenue growth over a five-year period.[9] His tenure as Chairman at IOC was not extended, as Brij Mohan Bansal was selected to take up Behuria’s place after his retirement in the year 2010.[10][11][12][13]

In 2011, Behuria was appointed by Krishan Kumar Modi as the organisation’s Group President as well as the Chairman of the Corporate Executive Committee. Modi Enterprises has diversified interests and Behuria’s appointment is a strategic decision to achieve their aim of becoming a $5 billion group in terms of market capitalisation by the year 2016.[14][15]

Honours and awards

References

  1. ↑ "KK Modi group lays road map for next generation". The Financial Express. April 15, 2011. Retrieved 5 February 2014.
  2. ↑ "Sarthak Behuria appointed President of K.K. Modi group". The Hindu Business Line. April 14, 2011. Retrieved 5 February 2014.
  3. ↑ "KK Modi gets Behuria for professional consolidation". Business Standard. Retrieved 5 February 2014.
  4. ↑ Jog, Sanjay. "BS People: Sarthak Behuria". Business Standard. Retrieved 5 February 2014.
  5. ↑ "Sarthak Behuria is new BPCL chief". The Hindu Business Line. July 1, 2002. Retrieved 5 February 2014.
  6. ↑ Davidson, Andrew (17 August 2009). 1000 CEOs. Dorling Kindersley Publishing. p. 359.
  7. ↑ Dutta, Sanjay (November 22, 2004). "BPCL chairman Behuria to take up reins at IOC". The Times of India. Retrieved 5 February 2014.
  8. ↑ Paul, Cuckoo (November 22, 2004). "S Behuria likely to be appointed IOC chairman". The Economic Times. Retrieved 5 February 2014.
  9. ↑ Davidson, Andrew (17 August 2009). 1000 CEOs. Dorling Kindersley Publishing. p. 359.
  10. ↑ "Bansal to head Indian Oil Corporation". The Economic Times. February 28, 2010. Retrieved 5 February 2014.
  11. ↑ "B. M. Bansal takes over as Chairman, IndianOil". http://www.iocl.com. Retrieved 5 February 2014.
  12. ↑ "Sarthak Behuria denied extension as Chairman of IOC". Deccan Herald. February 28, 2010. Retrieved 5 February 2014.
  13. ↑ Gopalan, Murali (June 23, 2010). "Centre yet to identify candidate to head IOC". The Hindu Business Line. Retrieved 5 February 2014.
  14. ↑ "KK Modi group rejigs, aims $5 bn mkt cap in 5 yrs". Business Standard. Retrieved 5 February 2014.
  15. ↑ "KK Modi Group in rejig, eyes $5-bn market cap". Hindustan Times. April 14, 2011. Retrieved 5 February 2014.
  16. ↑ "Sarthak Behuria received Odisha Living Legend Award". Odisha Diary. Retrieved 5 February 2014.
  17. ↑ "IOC, SAIL chiefs bag govt awards". The Times of India. October 16, 2009. Retrieved 5 February 2014.
  18. ↑ "Chairman receives ‘SCOPE Award for Excellence and Outstanding Contribution to Public Sector Management’ – Individual Category". IndianOil Corporation. Retrieved 5 February 2014.
  19. ↑ "November 2008 - Biography Focus Mr Sarthak Behuria". World LP Gas Association. Retrieved 5 February 2014.
  20. ↑ "S Behuria conferred Fellowship of Energy Institute, UK". moneycontrol.com. Retrieved 5 February 2014.
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