Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE

تحت رعاية صاحب السمو الشيخ محمد بن زايد آل نهيان، رئيس دولة الإمارات العربية المتحدة

Supported by

Ashish Agarwal

Managing Director & CEO

Seros Energy

Ashish
Ashish

Ashish is a highly accomplished business leader with over 25 years of diverse global experience across multiple industries and leadership roles. Throughout his career, he has demonstrated exceptional acumen in strategy, operations, finance, and business transformation.

In 2007, Ashish joined the Essar Group, where he played a pivotal role in driving the conglomerate’s entry into the Special Economic Zone (SEZ) business. As Head of Strategy and Business Development, and later as Senior Vice President in the Chairman’s Office, he was instrumental in shaping the strategic direction of Essar’s multi-sector portfolio-spanning Energy, Steel, Shipping, Infrastructure, and Logistics-across international markets.

In 2019, Ashish founded and began building Seros, with a vision to create an Integrated Energy Services Company that supports India’s growing energy and infrastructure needs. Today, he serves as the Managing Director and CEO of Seros Energy, steering it to become India’s largest energy services company with a strong presence across onshore and offshore energy, shipping, marine, and logistics sectors.

Under his leadership, Seros Energy has emerged as India’s largest integrated onshore oilfield services provider, delivering end-to-end solutions across the energy value chain. The company’s extensive portfolio includes Drilling, Directional Drilling, Offshore Operations, Marine Services, Hydrofracking, Cementing, Coil Tubing, Nitrogen Pumping, and Well Testing. Seros Energy operates one of India’s most advanced fleets of drilling rigs and well-service equipment, underscoring its commitment to operational excellence and technological innovation.

Ashish began his professional journey as a Group Management Trainee at the Adani Group, contributing to key projects at Adani Wilmar. Following this, he successfully ventured into entrepreneurship, leading manufacturing startups in injection moulding, ginger processing, and air-conditioner production for leading brands such as Samsung, LG, and Daikin.

An alumnus of Harvard Business School and the Indian Institute of Management Ahmedabad, Ashish is also a Chartered Financial Analyst (CFA). His comprehensive expertise in Operations, Finance, Mergers & Acquisitions, and Strategy continues to drive Seros Energy’s sustained growth and financial excellence.

A member of the Young Presidents’ Organization (YPO), Ashish is deeply engaged in advancing digital transformation and technology-driven innovation within the energy and services ecosystem. With a proven track record of successful ventures, turnarounds, and strategic leadership, he remains committed to positioning Seros Energy at the forefront of India’s evolving energy landscape.

Session Overview
Wednesday, 5 November
10:40
Emerging Economies ICC Hall B 10:40 - 11:20
How can oil-producing emerging economies be incentivised to diversify in a low-carbon world?

Oil price volatility creates an urgent diversification imperative for emerging economies. These nations must reduce revenue concentration, attract sustainable investment, and align with the global shift toward multilateral climate and trade frameworks. While multilateral initiatives like the Just Energy Transition Partnerships (JETPs) aim to support this shift, their effectiveness in oil-exporting economies remains uncertain, especially for countries where energy revenues underpin national budgets. Rather than abandoning their energy base, these economies must channel existing revenues into future-facing sectors and resilient infrastructure. Meaningful diversification requires global frameworks that enable low-carbon industrial growth while providing governments sufficient policy space to build economic resilience. Success hinges on regional trade integration, green industrial strategy, and financial tools that reflect national realities. With the right mix of incentives, finance, and autonomy, these economies can diversify more decisively and remain competitive in a changing energy system.

Attendee insights:

Explore how oil-exporting emerging economies can be incentivised to diversify through multilateral trade frameworks, unlocking investment and policy flexibility tailored to their economic needs and energy realities.

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