Aditya Puri, Former CEO of HDFC, Joins Pharmaceutical Company Strides Group as Adivor
Former HDFC Bank CEO Aditya Puri is joining global pharmaceutical company Strides Group as an advisor and will also be director of its associated biopharmaceutical company Stelis Biopharma, a company statement confirmed today.
Headquartered in Bangalore, Strides Group’s global manufacturing sites are located in India, Singapore, Italy, Kenya and the United States. It focuses on hard-to-make products that are sold in over 100 countries.
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The company operates primarily in regulated markets and has an âin Africa for Africaâ strategy as well as institutional activity to serve donor funded markets.
According to the statement, Puri’s appointment to Stelis’ board of directors comes at an exciting time for the company as it moves from its incubation phase to a phase of consolidation and growth to establish itself as a partner. of choice globally with the goal of bringing world-class treatments at affordable costs to patients in emerging and developed markets.
A mainstay of the Indian banking and financial services industry, Puri was the Founder-MD and CEO of HDFC Bank since the bank’s inception in 1994 and continued the position until his retirement in October 2020. Under his leadership, the bank has reached great heights to become the largest private sector lender in India. Previously, he was CEO of Citibank Malaysia with nearly two decades of global banking experience in all markets.
Commenting on the development, Puri said, âI look forward to working with Arun (Kumar, Founder and Chairman of the Board of Strides) and building world-class institutions to produce high quality affordable biotherapeutic and CDMO services. , including those needed to combat the ongoing COVID-19 pandemic. “
The group’s established lineage, global success and lead in basic infrastructure, give me the opportunity to participate and guide Stelis and other group efforts in their exciting growth story, he adds. .
Meanwhile, Kumar said he was delighted to welcome Puri to the team.
âIt’s a huge vote of confidence in Stelis’ potential. Aditya’s illustrious heritage is well known. Having nurtured HDFC Bank since its inception, his deep experience will be extremely valuable for the Strides group and Stelis in particular. With Stelis ready for its next pillar of growth, now is the right time to expand the board and ensure strong direction and governance by the best minds in the industry, âhe added.
âI look forward to working with Aditya and leveraging their expertise to take Stelis to new heights,â concludes Kumar.
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