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He has had wide and varied experience in the Government, Multilateral Financial Institutions and the Corporate sector.
GOVERNMENT
Formerly, member of the Indian Administrative Service. A few critical assignments held:
Secretary Agriculture and Rural Development, State of Haryana
Director, Department of Economic Affairs, Ministry of Finance, Government of India.
THE WORLD BANK, WASHINGTON DC
1978 to 1986: Chief, Petroleum Department, Europe, Middle East and North Africa. Chief and Head of Energy Department, East Asia and Pacific
1991-1995: Chief and Head of Energy, finance and Infrastructure departments, East Asia and Pacific. During this period led the Bank’s first Energy mission to China, was responsible, over a period of five years for funding China’s Energy and Petroleum sector. Assisted the Government in formulating its Energy policy including a comprehensive environmental study of the ‘Three Gorges’ projects. Responsible for the privatization of Infrastructure (including the Power sector) in Philippines, reorganization of the Central Bank of Philippines and financial reforms and reorganization of the Central Bank of South Korea, study on the bond market of East Asia etc.
CORPORATE SECTOR
1986 - 1991: Chairman and Managing Director of Gas Authority of India Limited (GAIL). As the founding Chairman of GAIL was responsible for setting up the HBJ pipeline, gas fractionation plants and the establishment of Auriya gas based Petrochemical plant.
1996- 2003: Promoter and Vice Chairman of HCL Technologies.
1996 - 2005: Founder and Managing Director of Perot Systems India. Was responsible for converting HCL Corporation from a hardware Company to a services Company. Prepared it for an IPO and took it public in 1999. Currently the Corporation has a market cap of over $ 2 billion and is ranked as a top tier IT provider from India. Founded (1996) and built HPS from ground upward with an initial capital of $ 4 million, last year HCL shares were purchased by Perot Systems on a Company’s valuation of around $ 250 million. Currently the Company is conservatively valued at $ 400 million.
Also independent Director on the Boards of the following Companies:
Indian Oil Corporation Limited
Bharat Heavy Electrical Limited
Great Eastern Shipping Company Limited
Kotak Mahindra Life Insurance
Vineet Nayyar is currently the MD ,CEO and Executive Member of the MBT Board of Directors. | 