Solara Active Pharma Sciences is a young, dynamic, entrepreneurial and customer-oriented API manufacturer. We have a legacy of over three decades and trace our origins to the API expertise of Strides Shasun Ltd. and the technical knowhow of human API business from Sequent Scientific Ltd. We are poised to bridge the industry gap by delivering value-based products while maintaining focus on customer needs. We have 140+ scientists working at our two R&D Centers and 4 API manufacturing facilities armed with global approvals and 2 dedicated R&D facilities.

 

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Board of Directors

Solara Active Pharma Sciences / Board of Directors
Aditya Puri

Aditya Puri

Chairman

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Dr. Kausalya Santhanam

Dr. Kausalya Santhanam

Independent Director

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Ramakrishnan R.

Ramakrishnan R

Independent Director and Audit Committee Chairman

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Nirmal Bhogilal

Nirmal Bhogilal

Independent Director

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Arun Kumar

Arun Kumar

Founder & Non-Executive Director

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Ankur Thadani

Ankur Thadani

Non-Executive Director

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Kartheek Chintalapathi Raju

Kartheek Raju

Non-Executive Director

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Jitesh

Jitesh Devendra

Managing Director

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Vineeta Rai

Vineeta Rai

Independent Director

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Mr. S. Hariharan

Hariharan

ED & CFO

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Aditya Puri

Aditya Puri

Chairman

Recognized as a stalwart of the Indian banking and financial services industry, Mr. Puri was the iconic Founder-Managing Director and Chief Executive Officer of HDFC Bank from its inception in 1994 until his retirement from the position in October 2020, earning the distinction of having been the longest serving head of a private bank in India.

Not only was Mr. Puri’s visionary leadership instrumental in HDFC Bank’s outstanding growth and value creation for all stakeholders, but it also led the way for several firsts and milestones for Indian private sector banking as a whole.

Prior to setting up HDFC Bank, he was Chief Executive Officer of Citibank Malaysia with nearly two decades of overall banking experience across markets with Citibank. Mr. Puri has been conferred with several prestigious awards, accolades and titles for his exceptional contribution to Indian industry, including successive appearances in Barron’s world’s 30 best CEOs lists.

Mr. Puri was inducted into the Chartered Accountants Hall of Fame by the Institute of Chartered Accountants of India (ICAI), becoming the first member of ICAI to be honored with this award. A profile by the Economist in October 2020 describing him as the world’s best banker only further underscored Mr. Puri’s towering international reputation.

Arun Kumar

Arun Kumar

Founder and Non-Executive Director

Arun Kumar is a first-generation entrepreneur and is known for his intellect of picking “difficult to operate” domains with high scarcity value. He founded Strides Pharma Science Limited (Strides) in 1990 and has since led the company in building a global reputation with a differentiated business model and delivering value for its stakeholders
(Over $5.0 billion value creation for shareholders including distribution of the most extensive dividend by a pharmaceutical company in India).

Besides founding Strides, Arun’s family office (Setup in the early 2000s) run a
differentiated set of investments spread across several companies with a combined
revenue base over a billion dollars and an invested capital over half a billion dollars.
Arun is credited to have co-founded and built India’s largest fully integrated Animal
Health Company – SeQuent Scientific Limited in less than five years of its major investments. Arun’s ownership in SeQuent was divested to the Carlyle group in May 2020 in a strategic transaction.

Arun is the promoter of  Solara Active Pharma Sciences, A pure-play API company on course to become India’s second largest API business in under four
years. Recently, the Family office of Arun has entered into a strategic partnership with marquee investors to build a global biologics CDMO, specialty injectable and vaccine business with capabilities across several technology platforms.

The businesses run under Arun’s leadership / ownership have a presence in 100+
countries with 7000+ employees with over 25 global manufacturing facilities worldover.

Arun is a recipient of E&Y Entrepreneur of the year award in the Healthcare sector in
2000. He has also been awarded the Business Today “India Best CEO Award (Mid-
Sized Companies Category)” and the “Best CEO in the Pharma & Healthcare Industry”
in 2014.

Kartheek Chintalapathi Raju

Kartheek Raju

Non-Executive Director

Mr. Kartheek Chintalapati Raju has over ten years of experience in Investment and Consulting. At iLabs, he focuses on investments across Pharma, Power, and Commercial Real Estate sectors.

He is passionate about identifying opportunities and has worked closely with the Founders in scaling up the operations and putting the companies on a higher growth trajectory.
Under Special Situations Platform of iLabs, Kartheek has played a pivotal role in acquiring distressed assets in Power, Pharma, Real Estate and Defense sectors, and worked with the Management in transforming them into profitable ventures.

Kartheek holds a Bachelor of Business Administration Degree in Economics, Accounts and Finance from Claremont McKenna College. Prior to iLabs Group, Kartheek was a Business Analyst at McKinsey & Company’s Dubai Office.

In his spare time, he enjoys sports and adventure activities which include polo, skiing, biking, and sailing.

Jitesh

Jitesh Devendra

Managing Director

Jitesh holds an MBA with specialization in International Business and Buyer Behaviour; Bachelor’s Degree in Commerce from University of Madras, Loyola College, Chennai, and holds a Diploma in Sales & Marketing from National Institute of Sales, Chennai.

Jitesh has more than 22 years of experience in the pharmaceutical space covering API and Formulations. He had the opportunity of leading a B2B as well as a B2C business. The core of his experience is B2B focused on Contract Development and Manufacturing plus Out licensing. Jitesh led the North America API business, as well as managed the Formulations P&L business of erstwhile Shasu Pharmaceuticals Limited, which later known as Strides Shasun and now Strides Pharma Science. His efforts have led the Division into new markets in North America; maintained business relationships and introduction of new Products for out-licensing and partnership.

Deepak Vaidya

Deepak Vaidya

Chairman & Non-Executive Director

Mr. Deepak Vaidya is a fellow member of the Institute of Chartered Accountants in England and Wales. He has previously worked as the Country Head of Schroder Capital Partners (Asia) Pte. Ltd. for over 12 years. He is experienced in the corporate financial services industry in India and abroad. He is holding directorship in reputed companies.

Nirmal Bhogilal

Nirmal Bhogilal

Independent Director

Mr. Nirmal Bhogilal is the Chairman of the Batliboi Group. The Group’s operations are in Machine Tools, Textile Machinery, Air Engineering & Pollution Control Equipment, Rotating Machines, Wind Energy and Logistics.

He was Past President and currently a Committee Member of the Indian Machine Tool Manufacturers Association (IMTMA). He has been Chairman of various committees in the Confederation of Indian Industry (CII) at the National & Western Region levels and is currently a member of the CII National Council. He is a Committee Member and Past President of Indo German Chamber of Commerce.

He is also a Committee Member of the Forum of Free Enterprise and a Council Member of the National Centre for the Performing Arts (NCPA). He is an Independent Director of Chowgule Industries Pvt. Ltd. and Eimco Elecon (I) Ltd.

Ramakrishnan R.

Ramakrishnan R.

Independent Director and Audit Committee Chairman

Mr. R Ramakrishnan is a Fellow Member of The Institute of Chartered Accounts of India and also a Law Graduate from Bangalore University. He is a practicing Chartered Accountant and a Management Consultant at Bangalore having an experience of 36 years in Direct tax matters, Audit and Assurances. He was nominated by KSIIDC for few listed Companies and currently holds directorships in reputed companies.
He is also a Managing Trustee for RRK Foundation – a foundation financially supporting more than 100 students for Higher Secondary School to economically weaker sections and Trustee for few philanthropic organizations.
He is an Independent Director and Audit Committee Chairman of the Company.

Dr. Kausalya Santhanam

Dr. Kausalya Santhanam

Independent Director

 

Dr. Kausalya Santhanam, Founder of SciVista IP & Communication (www.scivistaip.com), is a Patent attorney registered with the Indian Patent Office as well as the US Patent and Trademark Office and Indian Patent Office. She has a Ph.D. in Cell Biology and Immunology from Post Graduate Institute of Medical Education and Research (PGIMER) Chandigarh. Her Post-Doctoral training was in Cancer Biology at Center for Cellular and Molecular Biology (CCMB), Hyderabad, where she has published her studies in peer-reviewed journals. Later she went as a National Research Council (NRC) Fellow to Walter Reed Army Institute of Research, Washington DC where her studies involved molecular mechanisms of inflammation. Following that, at Albert Einstein College of Medicine, New York, she worked towards understanding the mechanisms of an apoptotic molecule. All the research work have been published in reputed journals. Later, she worked for five years in the Intellectual Property Department of CuraGen Corporation, a Biopharmaceutical company at Connecticut, USA. She is an Independent Director of the Company.

Ron de Vries

Ronald Tjeerd de Vries (Ron)

Independent Director

Mr. Ronald Tjeerd de Vries (Ron) is a MsC in Chemical Engineering and IMD executive Leadership Alumni. He has 25 years’ experience in the MNC Corporate Sector in Pharma and Food Presently he is Owner and MD of RDV Consulting based at Auckland (NZ).

Ankur Thadani

Ankur Thadani

Non-Executive Director

Mr. Ankur Thadani is a Principal at TPG Growth, based in Mumbai. He joined TPG in 2013 and has worked on multiple investments in Healthcare, Energy and Consumer sectors across India and the broader South-Asia region. Ankur also serves on the board of CTSI, Rhea Healthcare, Fourth Partner Energy and Asiri Hospitals. Prior to joining TPG, he worked with an Indian private equity fund, India Equity Partners, focusing on investments in consumer and healthcare sectors. Ankur received his MBA from IIFT, where he was awarded a Gold Medal for all-round achievement.

Vineeta Rai

Vineeta Rai

Independent Director

Ms. Vineeta Rai is a former IAS Officer and Revenue Secretary in the Government of India.

Vineeta holds a B.A. (Hons) degree in History from Delhi University, B.A. (American History and Politics) from Brandeis University, USA and a visiting Fellow in Public Administration at Queen Elizabeth House, Oxford University. She was voted as one of the 25 Most Powerful Women in business in India in 2004.

Vineeta has extensive experience in Public Administration, particularly in the fields of Health Administration and Finance with work experience in the Ministry of Health and Family Welfare, Government of India which interalia included Drugs and Prevention of Food Adulteration and as Secretary Banking, Insurance and Revenue in the Ministry of Finance, Government of India. She also served as a Director on the boards of several Banks and Insurance Companies.

An Officer of the 1968 IAS batch of the Union Territories cadre, Vineeta was is the first woman to hold the post of Revenue Secretary in the Ministry of Finance.

Vineeta was appointed by WHO as a member of the Global Vaccine Initiative during the period 1990 to Oct 1993. She was also the Mission Director for Immunisation during this period. Vineeta did a five-year stint with the UNFPA from Nov 1993 to March 1999 as the Regional Advisor for Gender Population and Development for South and Central Asia, Iran and Afghanistan.

Post retirement, Vineeta Rai was appointed Member Secretary of the Second Administrative Reforms Commission and thereafter member of the National consumer Disputes Redressal Commission (during 2010 to 2014).

Mr. S. Hariharan

Hariharan

ED & CFO

Hariharan is a Cost Accountant with rich and varied experience of more than 30 years in field of Corporate Finance, Accounts and Strategic planning. He played a very important role in the merger process of Shasun with Strides during 2014 and 2015. Also in demerger process of Strides, SeQuent and Solara during 2017 and 2018. He has rich experience in the fields of Finance, Accounts, Secretarial, Taxation, Legal and Information Technology functions. He has extensive experience in Mergers and Acquisitions.