Aditya Puri, Former CEO of HDFC Bank, Joins Pharmaceutical Company Solara Board of Directors as Chairman

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Aditya Puri, Former CEO of HDFC Bank, Joins Pharmaceutical Company Solara Board of Directors as Chairman

New Delhi: Veteran banker and former HDFC Bank CEO Aditya Puri has joined the board of pharmaceutical company Solara Active Pharma Sciences as chairman. Puri and others were inducted into the board following a meeting on Wednesday where the company also approved the June quarter financial results.

In addition to the office of the chairman of the board of directors of Solara, Puri will also head the nomination and remuneration committee of the board of directors, the company said in a regulatory filing.

The pharmaceutical company also inducted Vineeta Rai, former head of IAS and revenue secretary, as an independent director. She will also chair the CSR committee of Solara’s board of directors. Arun Kumar, founder of the company, joined Solara’s board of directors as a non-executive director.

Rajender Rao, founder of Aurore Life Sciences, has been appointed Executive Director and Designated Vice President. Kartheek Raju, iLabs group partner and investor with significant interest in pharmaceuticals and other sectors, has been appointed non-executive director of the board.

It should be noted that at the start of the year, Puri joined the pharmaceutical company Strides Group as an advisor. He was also appointed a director on the board of directors of the company’s associated biopharmaceutical company, Stelis Biopharma.

Solara Active Pharma Sciences net profit increased 18.57% to Rs 50.13 crore in the quarter ended June 2021 from Rs 42.28 crore in the previous quarter ended June 2020. Sales increased by 16.40% at Rs 405.57 crore in the quarter ended June 2021 compared to Rs 348.42 crore in the previous quarter ended June 2020.

For the uninitiated, incorporated in 1990, Strides is a global pharmaceutical company headquartered in Bengaluru. The company has two vertical markets – regulated markets and emerging markets.


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