This document provides an analysis report on Oil and Natural Gas Corporation Limited (ONGC). It includes sections on the company introduction, brief history, planning, organizing, leading, controlling, opportunities, and bibliography. Some key points: - ONGC is India's largest oil and gas company, producing ~30% of India's oil and ~50% of its natural gas. It was established in 1956 and is majority owned by the Indian government. - The company has grown significantly over 50+ years of operations to become one of the largest oil and gas producers in Asia. It has over 11,000 km of pipelines in India and international subsidiaries operating in 15 countries. - ONGC has a hierarchical

1. Analysis Report
On
By :
(Group no. 9)

2. INDEX
1. Acknowledgement
2. Introduction
3. Brief History
4. Planning
5. Organizing
6. Leading
7. Control
8. Bibliography

3. Acknowledgment
We would like to express our deepest appreciation to all those
who provided us the possibility to complete this report. A special
gratitude we give to our guide, Ms. XXXX XXXXX, whose contribution
in stimulating suggestions and encouragement, helped us to
coordinate in writing this report.
Furthermore we would also like to acknowledge with much
appreciation the crucial role of the staff of Grow More Faculty of
Management, who gave the permission to use all required
equipment and the necessary materials to complete the task. A
special thanks goes to our class mates, who gave suggestion about
the report. Last but not least, many thanks go to the head of the
department, Mr. XXXX XXXX who have invested his full effort in
guiding the team in achieving the goal. I have to appreciate the
guidance given by other faculty members in our presentation that
has improved our presentation skills thanks to their comment and
advices.

4. Company Introduction
Sudhir Vasudeva,ONGC CMD
Oil and Natural Gas Corporation Limited (ONGC) (NSE: ONGC, BSE: 500312) is an
Indian multinational oil and gas company headquartered in Dehradun, India. It is
one of the largest Asia-based oil and gas exploration and production companies,
and produces around 77% of India's crude oil (equivalent to around 30% of the
country's total demand) and around 81% of its natural gas. It is one of the
largest publicly traded companies by market capitalization in India. ONGC has
been ranked 357th in the Fortune Global 500 list of the world's biggest
corporations for the year 2012. It is also among the Top 250 Global Energy
Company by Platts.
ONGC was founded on 14 August 1956 by the Indian state, which currently holds
a 74.14% equity stake. It is involved in exploring for and exploiting hydrocarbons
in 26 sedimentary basins of India, and owns and operates over 11,000
kilometres of pipelines in the country. Its international subsidiary ONGC Videsh
currently has projects in 15 countries.

5. BRIEF HISTORY
ONGC was set up under the visionary leadership of Pandit Jawahar Lal Nehru,
going against the wisdom of the then multinational oil companies operating in
the country, who had almost written India off as a “Hydrocarbon Barren”
country. Pandit Nehru reposed faith in Shri Keshav Dev Malviya who laid the
foundation of ONGC in the form of Oil and Gas division, under Geological Survey
of India, in 1955. A few months later, it was converted into an Oil and Natural
Gas Directorate. The Directorate was converted into Commission and christened
Oil & Natural Gas Commission on 14th August 1956. In 1994, Oil and Natural Gas
Commission was converted in to a Corporation, and in 1997 it was recognized as
one of the Navratnas by the Government of India. Subsequently, it has been
conferred with Maharatna status in the year 2010.
Over 50 years of its existence ONGC has crossed many a milestones to realize
the energy dreams of India. The journey of ONGC, over these years, has been a
tale of conviction, courage and commitment. ONGCs’ superlative efforts have
resulted in converting earlier frontier areas into new hydrocarbon provinces.
From a modest beginning, ONGC has grown to be one of the largest E&P
companies in the world in terms of reserves and production.
ONGC as an integrated Oil & Gas Corporate has developed in-house capability in
all aspects of exploration and production business i.e., Acquisition, Processing &
Interpretation (API) of Seismic data, drilling, work-over and well stimulation
operations, engineering & construction, production, processing, refining,
transportation, marketing, applied R&D and training, etc.
Today, Oil and Natural Gas Corporation Ltd. (ONGC) is, the leader in Exploration
& Production (E&P) activities in India having 72% contribution to India’s total
production of crude oil and 48% of natural gas. ONGC has established more
than 7 Billion Tonnes of in-place hydrocarbon reserves in the country. In fact, six
out of seven producing basins in India have been discovered by ONGC. ONGC
produces more than 1.27 million Barrels of Oil Equivalent (BOE) per day. It also
contributes over three million tonnes per annum of Value-Added-Products
including LPG, C2 - C3, Naphtha, MS, HSD, Aviation Fuel, SKO etc.
VISION:
“To be a World-Class Oil and Gas Company integrated in Energy business
with dominant Indian leadership and Global presence.”

6. NEW VISION:
GIVEN BY HON'BLE EX-PRESIDENT OF INDIA DR. APJ ABDUL KALAM
"I would suggest ONGC to give world leadership in management of energy
source, exploration of energy sources, diversification of energy sources,
technology in Underground Coal Gasification, and above all, finding new ways of
tapping energy wherever it is, to meet the ever-growing demand of the country."
STRATEGIC VISION: 2001-2020
Focusing on core business of E&P, ONGC has set strategic objectives of :
• Doubling reserves (i.e. accreting 6 billion tonnes of O+OEG) by 2020; out of this
4 billion tonnes are targeted from the Deep-waters.
• Improving average recovery from 28 per cent to 40 per cent.
• Tie-up 20 MMTPA of equity Hydrocarbon from abroad.
• The focus of management will be to monetise the assets as well as to assetise
the money.
MISSION OF ONGC:
•Dedicated to excellence by leveraging competitive advantages in R&D and
technology with involved
people.
•Imbibe high standards of business ethics and organizational values.
•Abiding commitment to health, safety and environment to enrich quality of
Community life.
•Foster a culture of trust, openness and mutual concern to make working a
stimulating &challenging experience for our people.
•Strive for customer delight through quality products and services.
•Integrated in Energy Business.
•Focus on domestic and international oil & gas exploration and production business
opportunities.
•Providing value linkages in other sectors of energy business.
•Creating growth opportunities and maximize shareholder value.
•Retain dominant position in Indian Petroleum sector and enhance India's energy
availability.
The vision of ONGC is difficult to achieve, glamorous. Thus it perfectly connects
with the people of India.

7. Planning
Planning is the process of thinking about and organizing the activities required
to achieve a desired goal. It contains the tactical planning operational planning
as well as the strategic planning.
In 1955, Government of India decided to develop the oil and natural gas
resources in the various regions of the country as part of the Public Sector
development. With this objective, an Oil and Natural Gas Directorate was set up
towards the end of 1955, as a subordinate office under the then Ministry of
Natural Resources and Scientific Research. The department was constituted with
a nucleus of geoscientists from the Geological Survey of India.
A delegation under the leadership of the Minister of Natural Resources visited
several European countries to study the status of oil industry in those countries
and to facilitate the training of Indian professionals for exploring potential oil
and gas reserves. Experts from Romania, the Soviet Union, the United States and
West Germany subsequently visited India and helped the government with their
expertise. Soviet experts later drew up a detailed plan for geological and
geophysical surveys and drilling operations to be carried out in the 2nd Five Year
Plan (1956–61).
In April 1956, the Government of India adopted the Industrial Policy Resolution,
which placed Mineral Oil Industry among the schedule 'A' industries, the future
development of which was to be the sole and exclusive responsibility of the
state.
Soon, after the formation of the Oil and Natural Gas Directorate, it became
apparent that it would not be possible for the Directorate with its limited
financial and administrative powers as subordinate office of the Government, to
function efficiently. So in August, 1956, the Directorate was raised to the status
of a commission with enhanced powers, although it continued to be under the
government. In October 1959, the Commission was converted into a statutory
body by an act of the Indian Parliament, which enhanced powers of the
commission further. The main functions of the Oil and Natural Gas Commission
subject to the provisions of the Act, were "to plan, promote, organize and
implement programs for development of Petroleum Resources and the
production and sale of petroleum and petroleum products produced by it, and
to perform such other functions as the Central Government may, from time to

8. time, assign to it ". The act further outlined the activities and steps to be taken
by ONGC in fulfilling its mandate.
OBJECTIVES OF THE COMPANY
• To maximize production of hydrocarbon, self reliance in technology,
promoting indigenous efforts to achieve self reliance in technology,
promoting indigenous efforts to achieve in all related equipment, material
and
services.
• Assist in conservation of oil, more efficient use energy and development
of alternate source of energy.
• Environmental protection.
• Observe 100% safety in work.

9. ORGANIZATIONAL STRUCTURE
The structure is a strictly hierarchical organization with strictly defined roles and
there is a unity of command which it makes it one of the most efficient
companies of the country and best Mahanavaratna PSU.

10. Directing/ Leading
Leading involves the social and informal sources of influence that you use
to inspire action taken by others. If managers are effective leaders, their
subordinates will be enthusiastic about exerting effort to attain organizational
objectives.
Dinesh K Sarraf, 57, is the Chairman & Managing Director of Oil and
Natural Gas Corporation Ltd (ONGC), India's most valuable Maharatna public
sector enterprise and one of the most premier E&P companies in the world.
ONGC is one of the Fortune's Most Admired companies in the world. In 2011,
Mr. Sarraf went back to ONGC Videsh assuming the charge of its Managing
Director. As MD he transformed ONGC Videsh into an aggressive growth engine
for ONGC Group by clinching many high value deals within a short span of time.
In March, 2014, he joins back ONGC as its Chairman & Managing Director.
The behavioural sciences have made many contributions to
understanding this function of management. Personality research and studies of
job attitudes provide important information as to how managers can most
effectively lead subordinates. For example, this research tells us that to become
effective at leading, managers must first understand their subordinates’
personalities, values, attitudes, and emotions.
Studies of motivation and motivation theory provide important
information about the ways in which workers can be energized to put forth
productive effort. Studies of communication provide direction as to how
managers can effectively and persuasively communicate. Studies of leadership
and leadership style provide information regarding questions, such as, "What
makes a manager a good leader?" and "In what situations are certain leadership
styles most appropriate and effective?"
Mr. Sarraf is also the Chairman of ONGC Videsh Ltd, operating across 16
countries, Chairman of Mangalore Refinery & Petrochemicals Ltd (MRPL) and five
other ONGC Group companies (OPaL- ONGC Petro-additions Ltd, OMPL – ONGC
Mangalore Petrochemicals Ltd, MSEZ- Mangalore SEZ Ltd, OTPC- ONGC Tripura
Power Company Ltd and OMEL- ONGC Mittal Energy Ltd).

11. Opportunities
Possible Mergers with Smaller Companies
ONGC has always great opportunities to get into mergers & acquisitions with
companies across the globe.
Finding Alternative Fuels before competitor
It may itself get into the research operations in terms of finding alternative fuels
before its competitors
Expanding into more areas
The company has great opportunities to expand in offshore locations
Grow their hold in the energy market
The Company can become more aggressive in locating new oil-fields across the globe.

12. Controlling
PERFORMANCE APPRAISAL SYSTEM AT ONGC
Performance appraisal report is an index of an employee’s work performance
over a given period of time. It is crucial for his or her career growth as it
indicates the strengths, weaknesses, training needs, nature of job being
performed and problems faced in work situation. The objectives of the
performance appraisal system at ONGC are:
• To set norms and targets of work performance, as well as, to monitor the
work progress of employees.
• To facilitate placement of employees in accordance with their suitability
for different types of assignments.
• To provide an objective basis for determination of merit, efficiency and
suitability for the purpose of promotion.
• To identify areas requiring exposure for training and development.
The performance appraisal system seeks to evaluate:
 The work performance of an employee on the present job in relation to
the expected levels of performance, both qualitative and quantitative.
 The extent of development achieved by the employee during the period
under review.
 Evaluation of behavioural attributes, attitudes and abilities.
 Evaluation of potentials for assuming higher responsibility. The appraisal
covers:
 Performance during the period from 1st April to 31st march of every year.
 All regular employees of the company.
a. Non Executives.
b. Executives
Employee management
"Treating employees like customers"
Companies should have a similar approach to employees and customers. A
company should strive to retain an employee in the same way it tries to retain a
customer.
ONGC is an organization which is a pride for the nation, the reason being its
excellence in its performance. The reason behind this is its strategies outside as
well as inside the organization. ONGC is a firm which knows how to deal with the

13. internal as well as the external environment of its functioning. If we deeply look
into its smooth running work environment, then we would find the initiatives
this giant corporation has taken for the well being of its people. ONGC is
committed to its value and promise of creating a healthy work environment for
its employees, which facilitates their growth, builds up their confidence, and
fosters in its employees a sense of belonging as well as job satisfaction. A lot has
already being done here at ONGC, many are in process and much more is
planned, for the valuable employees of the renowned ONGC.
ONGC is a firm which believes that the non-financial benefits are as much
important as the financial ones, and hence has thoughtfully kept a balance
between both, as both are great motivating factors. Therefore, like any other
employee friendly organization, ONGC too has two types of motivating factors:-
i. financial benefits
ii. non financial benefits.
ONGC all over India

14. Staffing
Policies:
HR Vision
"To build and nurture a world class Human capital for leadership in energy
business".
HR Mission
"To adopt and continuously innovate best-in-class HR practices to support
business leaders through engaged, empowered and enthused employees".
This shows that the company nurtures best practices within the company
environment and promotes innovation and the management is able to
motivate the employees to perform their best.
No. of employees:
ONGC has 33,000 employees on its rolls. Of this number, 24,000 work across the
company’s various offices, while 9,000 are employed on rigs.
ONGC hires the best available talent in various disciplines through a rigorous
selection process. It also visits the campuses of leading educational institutions
to head hunt the critical talent based on its requirements.
Training and Development of human resources is another priority area. The
training infrastructure comprises of ONGC Academy located at the Headquarters
in Dehradun as well as Regional Training Institutes (RTIs) at other locations.
Apart from regular in-house training programs, various management
development programmes are organized in association with the best
management institutes of the country to keep the executives updated with latest
management philosophies and concepts. Other HR initiatives like mentoring and
coaching to nurture and groom fresh talent who join the company and
Assessment Development Centre (ADC) to test the managerial faculties of the
experienced lot and prepare them to assume higher responsibilities in the
future are also undertaken on periodic basis.

15. BIBLOGRAPHY
http://www.ongcindia.com/wps/wcm/connect/3ee30608-2cde-46a7-a479-
170207362211/ar1415.pdf?MOD=AJPERES
http://profit.ndtv.com/stock/oil-&-natural-gas-corporation-ltd_ongc/reports-
directors-report
http://www.ongcindia.com/wps/wcm/connect/ongcindia/home/rti/information/p
owers+and+duties+of+officers+and+employees
http://www.ongcindia.com/wps/wcm/connect/ongcindia/Home/Career/HR_Polici
es/