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Board of Directors



Mr. Wing Keung Hendrick, LAM is Vice President of TSRC Corporation in-charge of Applied Polymer Business Unit. He has successfully acquired Dexco Polymers for TSRC Corporation in 2010. Before joining TSRC Corporation, he had worked as Financial Controller for First Pacific, Hong Kong, and Group CFO for China Pacific. He had participated in the acquisition of 2 California States Banks in USA. He also responsible for the acquisition of 2 Hong Kong banks and merged them to become First Pacific Bank, 6 largest local banks, in Hong Kong.

Sanjaya Bhatnagar

   Managing Director

Mr. Bhatnagar, a graduate in Chemical Engineering from Aligarh Muslim University and an MBA from the University of Ljubljana, Slovenia , has over 25 years of experience in various refineries of Indian Oil and in the Head-quarters. He has extensive work experience in Petroleum Refinery operations, Technical Services, Project Management, Feasibility Reports and basic designs for Petroleum and Petrochemical Projects including implementation and commissioning. He has been a part of the core team at Indian Oil for diversification to Petrochemicals and the setting up of an Aromatics Complex at Panipat.

Avinash Kumar Verma


Mr. Avinash Verma is Executive Director (Petrochemicals) of Indian Oil Corporation, a Maharatna & Fortune 500 Company, at its Corporate Office, New Delhi.

A Mechanical Enginner and MBA, he has over 30 years of experience in oil, gas and petrochemical industry.

He has been associated with Petrochemical Marketing for over 12 years, handling surfactants, fibre-intermediates and polymers. Widely travelled in India and abroad, he represents Indian Oil in various industry forums in the country and across the globe.

Debasish Roy


Mr. Debasish Roy is a member of Institute of Chartered Accountants of India since 1985.

He is in the whole time employment with Indian Oil Corporation limited since 1987.Prior to that he has worked in an Engineering Industry. Presently he is holding the position of General Manager – Finance in Indian Oil Corporation Limited.

He has a wide exposure of over 29 years in the fields of Financial Management, Direct and Indirect Taxes, Project Finance. He has headed finance department of few Refinery units of Indian Oil Corporation Limited and played a pivotal role in the Project Implementation at Panipat Refinery – Naphtha Cracker Project. Presently he is in charge Finance function of Refineries Division of Indian Oil Corporation Limited.

He has attended various seminars and workshops in India and abroad on the subjects of Direct and Indirect Taxes, Fraud Investigation & Prevention, Project Management and Financial Management – Global Perspectives including IFRS, USGAAP.

Wang, Wen-Yuan


Mr. Wang, Wen-Yuan is a veteran in financial fields and has an extensive background in corporate finance, corporate governance, investment banking and venture capital. Prior to joining TSRC, He was the Interim CFO of HTC, a global smart phone and virtual reality brand leader, where he oversaw HTC’s financial strategy, investor relationship and commercial decisions. Prior to that, Wang, Wen-Yuan had more than 15 year experience in direct investment and investment banking. He successfully invested into more than 50 companies across Taiwan, China, Singapore and the USA, and divested with a sound return to investors. Wang, Wen-Yuan started his career as an industry analyst in investment banking field, and had helped more than eight companies from different industries successfully went for IPOs in Taiwan Stock Exchange or raised funding from capital market.

Wang, Wen-Yuan received his MBA from Tunghai University, and hold BS of Industry Engineering from Tunghai University.

Tsu Ti Liu


Mr. Tsu Ti Liu, Assistant Vice President of TSRC’s Rubber Business Division is a holder of Master’s Degree in Management from Cambridge College, MA, USA.