Dhir's resignation comes just days after the company reported its best ever quarterly performance with a 40% jump in its net profit. The company posted first-quarter profit of Rs 3,826 crore compared to Rs 2,727 crore in the same period the previous year.
46-year-old Dhir is a Wharton graduate and British national. He had joined Cairn in 2006 from Merrill Lynch, where he headed the energy and power investment banking business.
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He was the one who charted Cairn India’s course to the initial public offer (IPO) in India. Dhir is also credited as being one of the highest paid, non-promoter CEOs in India with a salary of Rs 12.3 crore last year.
