The ONGC Startup Fund is actively recruiting senior advisors to bolster its venture capital efforts in the energy sector.
This initiative aligns with India's increasing investments in clean energy and climate technology.
As per news reports, the Oil and Natural Gas Corporation (ONGC) has announced its intention to hire senior advisors for its Startup Fund.
This move is designed to enhance the fund's ability to support early-stage energy startups. The advisory roles are offered on a temporary, contractual basis for an initial period of 12 months, extendable by another 12 months. The application deadline is May 15, 2026.
The ONGC Startup Fund, one of the few SEBI-registered Category-I Venture Capital Funds operated by a public sector undertaking in India, plays a crucial role in shaping investment decisions in the rapidly evolving energy sector.
Launched on August 14, 2016, during ONGC's Diamond Jubilee year, the ONGC Startup Fund began with a corpus of ₹100 crore.
It was registered with the Securities and Exchange Board of India (SEBI) on March 19, 2019, as a Category-I Alternative Investment Fund.
The fund's total committed corpus is approximately ₹101 crore, with ONGC contributing ₹100 crore and its subsidiary, Mangalore Refinery and Petrochemicals Limited (MRPL), committing ₹1 crore.
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Applicants for the advisory roles must hold a graduation or higher qualification in Engineering or Finance, with at least 20 years of professional experience as of April 30, 2026.
The age limit is set at 63 years or lower as of June 30, 2026. Eligible candidates are required to send their curriculum vitae (CV) to the fund's official email before the deadline.
This hiring initiative coincides with ONGC's broader diversification strategy under Chairman and CEO Arun Kumar Singh.
The company is focusing on an energy transition strategy that includes renewables, green hydrogen, and decarbonisation efforts.
As of May 13, 2026, at 1:19 PM, Oil and Natural Gas Corporation share price on NSE was trading at ₹295.80 up by 0.44% from the previous closing price.
The ONGC Startup Fund's recruitment of senior advisors is a strategic move to enhance its venture capital initiatives in the energy sector. By strengthening its advisory team, the fund aims to better support startups working on clean energy and climate technology solutions.
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Published on: May 13, 2026, 4:16 PM IST
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