People: GAIL (India) Ltd (GAIL.BO)
4 Dec 2013
Shri. Premesh Kumar Jain is Director - Finance, Whole Time Director of Gail (India) Ltd. A Chartered Accountant and an MBA in Finance from the University of HULL, United Kingdom; Mr. Jain has an experience of over 33 years in Finance and Accounts and worked as Executive Director (Internal Audit) before joining as Director (Finance). Mr. Jain has experience in the area of financial and treasury management and was involved in restructuring of loan portfolio, raising funds at competitive rates through various sources including bonds (domestic/International), ECB, ECA, Term Loans to have the optimal cost of capital. He also has a experience in the area of project evaluation, financial appraisal of projects and headed finance team during execution of projects of GAIL like pipelines, petrochemicals, E&P, Pricing, Tariff Determination, Risk Management and Internal audit. He has travelled internationally and has represented the company in different road shows for IPO/Disinvestment. In GAIL, he has been involved in various specialized areas including mergers and acquisitions with due-diligence exercises of overseas ventures, finalization of LNG Purchase agreement from Ras Gas, Qatar for Petronet LNG Ltd.(loint Venture of GAIL), Farm-in of two overseas E&P blocks, business model of petrochemical business, etc. He joined GAIL in 1986 in the early stages of the company and has immensely contributed to the growth of the company. Before joining GAIL, he had served in various capacities in different companies like ONGC Ltd. and Union Bank of India, he is also on the Board of GAIL’s 100% subsidiary GAIL Gas Ltd. as Part-Time Director.
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