Essar Oil UK acquires equity stake in BP’s strategic assets

Raj Varma

Advisor – Business Development

Raj Varma is an Advisor, Business Development, at Essar Capital. He joined Burmah Shell in 1957, also known as Bharat Petroleum Corporation Ltd after it was nationalised, and retired from it as director marketing. He also served as a member on the Boards of Bharat Shell, and was the managing director of Bharat Oman Refineries Ltd. After a brief stint with Reliance Industries as its advisor, Varma joined Essar Oil as its CEO, Marketing, in 1999.

Deepak Sogani

Managing Director, Finance, Metals & Mining

Mr Deepak Sogani joined ESSAR in August 2020 as Managing Director – Finance, Essar Capital, the investment manager for Essar Global Fund Limited (‘EGFL’). He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking for Infrastructure. Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector.

Mr Sogani, who was the Group CFO of Jindal Steel & Power Limited, has over 25 years of experience specialising in areas of business and financial management with special focus on strategy, M&A, business/corporate development, business restructuring, corporate finance, capital markets, investor relationship, governance and operations. He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare).

Education Qualification:

• PGDBM, IIM A
• CFA
• IIT Delhi

Toker Ozcan

Operating Partner, Metals & Mining

Toker Özcan is as an Operating Partner, Metals & Mining. Toker forms part of the senior leadership team at Essar Capital and is responsible for critical decisions and strategic directions with regards its investments in the Metals & Mining sector.

He has over 28 years of experience in Metals, Mining and Energy sectors and was responsible for Turkey’s first investment in Protection and Armor Steel Production. He has also led production and operations hub in 7 countries (Turkey, USA, China, Brazil, Austria, United Kingdom, Australia). In his last assignment with Oyak Mining and Metallurgy Group, he managed 9.3 million tons of liquid steel production.

Toker has held key leadership positions at SASA Poly. San, İSDEMİR. He is on the Board of Miilux OY, Akdeniz Kimya and OYAK Mining and Metallurgy Group.