ONGC Videsh (OVL) has beaten competition from private companies to emerge as the most globalised Indian company. This comes on top of acquiring parity with the parent company in terms of schedule ranking, which is the basis for salaries and perks paid to directors. OVL tops the list of 20 most internationalised Indian companies prepared by Indian School of Business. What is more, the ONGC subsidiary is the only PSU to find a place on the list. ONGC chairman DK Sarraf should feel proud of the arm’s landmark achievement. After all, he too contributed to OVL’s growth as its managing director prior to taking up the current assignment.
IndianOil chairman B Ashok is in the spotlight not only as head of India’s largest refining and marketing company but also for the other firsts he has scored with his appointment to the post. For example, his was the first high-profile PSU appointment made by the new government. Besides, he has also become the first insider to take up the company’s
top job in nine years after
MS Ramachandran retired in February 2005. He has started on a very auspicious note. We hope IOC too scores some memorable firsts under his leadership.