Board of Directors

Mr. Mannalal Agrawal

Chairman

Mr. Mannalal Agrawal, Chairman

Mr. Mannalal Agrawal is Chairman of Ajanta Pharma. He has more than five decades of experience in business. With his strategic thinking, vision and leadership style he guides the board and executive management of the company on many of their strategic decisions. His core competencies include business management, industry knowledge, administration, taxation, finance and accounting. He takes keen interest in the social activities of the company.

Mr. Madhusudan Agrawal

Vice Chairman

Mr. Madhusudan Agrawal, Vice Chairman

Mr. Madhusudan Agrawal is Vice Chairman of Ajanta Pharma. He has rich experience of over 47 years in the industry. His core competencies include corporate affairs, business development, business acumen, vision, industry knowledge, international business, general management, leadership, people management, networking, public relation, etc. He contributes effectively towards social causes and philanthropic activities of the company.

Mr. Yogesh Agrawal

Managing Director

Mr. Yogesh Agrawal, Managing Director

Mr. Yogesh Agrawal is Managing Director of Ajanta Pharma. A management graduate from Johnson & Wales University, USA; he joined the company in 1996 and grew-up the ranks to become Managing Director. It is under his leadership that Ajanta Pharma made a corporate turnaround and emerged as a leading branded generic player from India having strong footprint in its chosen markets. He spearheads Ajanta's foray in the regulated and emerging international markets. He has transformed the company’s research program and manufacturing capabilities by setting-up state-of-art facilities that meet stringent regulatory requirements. His passion towards research and development has fuelled the company’s growth. His core competencies include strong business acumen, strategic intelligence, execution abilities and governance.

Mr. Rajesh Agrawal

Joint Managing Director

Mr. Rajesh Agrawal, Joint Managing Director

Mr. Rajesh Agrawal is Jt. Managing Director of Ajanta Pharma. He is a graduate in Business Studies from University of Buckingham, UK and MBA from Bentley College, USA. He joined the company in 1999. It is under his leadership that the company made a corporate turnaround and emerged as a leading specialty focused company. He has transformed Ajanta's India business to one of the best performing markets for the company. His keen focus on new products and go-to-market strategy has made Ajanta a leading player in the segments of Cardiology, Dermatology, Ophthalmology, and Pain management in a very short period. Most of the new product launches, being first of its kind in the Indian market, are credited to his business acumen. He has also replicated this success in Philippines, where Ajanta Pharma Philippines features among the fastest growing companies. His core competencies include business acumen, vision, strategic thinking and human resource management.

Mr. David Rasquinha

Non-Executive, Independent Director

Mr. David Rasquinha, Non-Executive, Independent Director

Mr. David is an international finance veteran with over 40 years’ experience in export credits and cross-border financial transactions. He superannuated from India Exim Bank as the Managing Director and Chief Executive Officer after serving it for nearly four decades. During his tenure with India EXIM bank, he served as a member on several Working Groups set up by the Reserve Bank of India as well as the Government of India for facilitation measures for exporters, working capital finance etc. He is an expert analyst and speaker on the Indian economy and other key issues. His insights on export credit and the Indian economy are often sought in panel discussions and seminars, by overseas equity and fixed-income investors in Japan, Singapore, Hong Kong, London, USA. Mr. David holds a first-class graduate degree in Economics from Bombay University and a post graduate degree in Business Management from the XLRI, Jamshedpur where he was awarded the Gold Medal in Economics. He is also an Independent Director on the Boards of Ion Exchange Ltd. and Unity Small Finance Bank.

Mrs. Medha Joshi

Non-Executive, Independent Director

Mrs. Medha Joshi, Non-Executive, Independent Director

Mrs. Medha Joshi is a banking industry stalwart with expertise in an array of subjects including risk management and forensic audit. She retired from IDBI Bank as Chief General Manager after 35-years of service. During her association with IDBI Bank she managed Corporate Banking, Investments, Human Resources, Risk Management, Retail banking, Rehabilitation Finance, Corporate Finance and Merchant Banking. Post retirement, she has been associated with HDFC Ergo as advisor and with National Stock exchange (NSE) / Bombay Stock Exchange (BSE) as Arbitrator. She is a Certified Associate of Indian Institute of Bankers (CAIIB) and a degree holder in MBA.

Mr. Rajesh Dalal

Non-Executive, Independent Director

Mr. Rajesh Dalal, Non-Executive, Independent Director

Mr. Dalal is a healthcare industry veteran with over four-decades experience in the field of business management and strategic advisory. In 1980, he joined Johnson & Johnson India as a product manager and rose through the ranks to become the managing director at J&J Medical India, the medical device business. He was also Vice President (Asia) M&A at J&J Medical Asia and was simultaneously an Executive Director at J&J Medical China till 2010. Post retirement from J&J, he became a venture partner with OrbiMed Asia Fund where he was associated for the next 4 years. He has been advisor to several private equity firms like Tata Healthcare Fund, Advent, Baring Asia/ PWC, Gaja Capital, Khazana and multinational corporations like Philips Netherlands, Intuitive Surgical USA, Alltech USA/ China, etc. He is also independent director on the Boards of Entero Healthcare Solutions Ltd. and Ascent Meditech Ltd. He holds an MBA from Jamnalal Bajaj Institute of Management Studies and B. Tech from Indian Institute of Technology, Madras.

Ms. Simi Thapar

Non-Executive, Independent Director

Ms. Simi Thapar, Non-Executive, Independent Director

Ms. Thapar is an expert in asset financing and leasing solutions that help corporates forward their ESG goals.  She is currently working as Chief Country Officer & Director with CSI Renting India Pvt. Ltd., a multinational organization with presence in 50 countries, offering equipment leasing and lifecycle solutions to the enterprise segment. It is subsidiary of Tokyo Century Corporation, Japan. Prior to this, she was with Tata Capital for 8 years as a business head. She has been a speaker and panellist at various industry forums in India, USA, Hongkong, Singapore, Dubai and London for talks on asset financing, leasing solutions, women leadership and women in BFSI. She is a member of Diversity & Inclusion, and CSR committees of the American Chamber of Commerce in India. She has been instrumental in setting up NGO for economic empowerment of disadvantaged women. She is also member of NGOs for initiatives in the field of spiritual wellbeing, education, and healthcare for the disadvantaged community. She has a post graduate degree in commerce from Mumbai University along with Diploma in Business Finance & Business Management. She has also secured ‘Masters in Change’ degree from INSEAD, Singapore.