Oil and Natural Gas Corporation (ONGC) has opened advisory roles for its Startup Fund, aiming to reinforce its corporate venture capital arm that supports early-stage energy startups. The advisory positions are offered on a contractual basis for an initial 12 months, with a possible extension of another 12 months. The application deadline is May 15, 2026 1.
The ONGC Startup Fund is one of the few SEBI-registered Category-I Venture Capital Funds managed by a public sector undertaking in India. Advisors will play a key role in shaping investment decisions within a rapidly evolving sector 1.
Launched on August 14, 2016, during ONGC's Diamond Jubilee year, the fund initially had a corpus of Rs 100 crore. It was later registered with the Securities and Exchange Board of India on March 19, 2019, as a Category-I Alternative Investment Fund, structured as a trust 1.
The fund's total committed corpus is approximately Rs 101 crore, with ONGC contributing Rs 100 crore and Mangalore Refinery and Petrochemicals Limited (MRPL) committing Rs 1 crore. ONGC also acts as the investment manager 1.
Applicants must possess a graduation or higher qualification in Engineering or Finance, with a minimum of 20 years of professional experience as of April 30, 2026. The age limit is set at 63 years or younger as of June 30, 2026. Interested candidates are required to submit their curriculum vitae to the fund's official email before the deadline 1.
This hiring initiative aligns with ONGC's broader diversification strategy. Under Chairman and CEO Arun Kumar Singh, who received a one-year extension in December 2025, the company is focused on an energy transition strategy encompassing renewables, green hydrogen, and decarbonisation 1.
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