The chairman of Indian Oil Corporation Limited (IOC), SM Vaidya, was included by CEOWorld Magazine in its annual list of the World's Most Important CEOs for the year 2023 as the best CEO in the nation.
Vaidya was ranked first among Indian CEOs and 81st overall out of more than 1,200 CEOs from 96 different nations.
His thought leadership, global influence, and the significance of his contributions to the Global Energy debate are all recognized by CEOWorld's rating.
The company's financial performance, Environmental Record, Governance, Social Initiatives, Market Share, Market Capitalization, and newsworthiness and impact of the brand are among the assessment criteria.
Vaidya shared his opinions, saying, "I am pleased and appreciative of this recognition. This is not just a personal triumph, it is also a reflection of the working as a team of Indian Oil employees as they advance towards a more energy-secure, eco-friendly future. IndianOil is enjoying a spectacular ascension, and this recognition just makes us more driven to achieve new heights."
Who is SM Vaidya?
With more than 36 years of experience in the downstream petroleum sector and the integration of refineries and petrochemical products, SM Vaidya is one of the top energy technocrats and has actively participated in discussions on Global Energy Security and Sustainability.
He not only managed Indian Oil's primary fuel business but also steered the organization into a new era of environmental protection with a green agenda that gained fresh pace after he started Indian Oil's goal of reaching Net Zero Operational Emissions by 2046.
Indian Oil has grown into one of India's Most Recognized Social Companies thanks to Vaidya's people-centered philosophy and its social outreach in a variety of fields, Including Healthcare, Education, Women's Empowerment, and Heritage Preservation.