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Tag: Aditya Puri

  • Aditya Puri joins Solara Active Pharma’s board as chairperson

    Aditya Puri joins Solara Active Pharma’s board as chairperson

    Mumbai: Solara Active Pharma Sciences Ltd on Wednesday announced that veteran banker and HDFC Bank’s former CEO & MD Aditya Puri has joined its board as the chairperson. Puri will also head the Nomination and Remuneration Committee of Solara’s board.

    “Aditya Puri, former MD of HDFC Bank and a senior advisor to a large PE fund, joins Solara board as the chairperson,” the pharmaceutical company said in a BSE filing.

    The company said it has inducted new members to the board for “thought leadership, capability, diversity, and strategic experience to drive the business and financial outcomes for Solara Version 2.0.” 

    The newly appointed members on the board also include Aurore Life Sciences founder Rajender Rao who has joined as an executive director and vice-chairman.

    Former IAS officer and revenue secretary Vineeta Rai has been appointed as an independent director. She will chair the CSR committee of the board. 

    Kartheek Raju, a partner at iLabs group, has joined the Solara board as a non-executive director.

    The company further said that its founder Arun Kumar will be the non-executive director on the board

  • Sashidhar Jagdishan appointed new CEO of HDFC Bank

    Sashidhar Jagdishan appointed new CEO of HDFC Bank

    NEW DELHI: The Reserve Bank of India (RBI) has approved Sashidhar Jagdishan as the next the chief executive officer of HDFC Bank.

    "The Reserve Bank of India (RBI) vide its communication dated 3 August 2020, has approved the appointment of Sashidhar  Jagdishan as managing director & CEO of the Bank  for a period of three years wef his date of  taking charge, i.e., 27 October 2020, under Section 35B of  the Banking Regulation Act 1949," HDFC said in a statement.

    Jagdishan will replace Aditya Puri, current managing director and CEO of HDFC Bank, who is set to retire on 26 October. "A meeting of the board of directors of the bank will be convened in due course inter-alia to approve the appointment of Jagdishan as the MD & CEO," the bank said. 

    Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray.

    He is currently serving as the additional director of HDFC Bank and has been with the bank for nearly three decades. He served as the group head of finance, human resources, legal & secretarial, administration, infrastructure, corporate communications and corporate social responsibility.

    Jagdishan was the bank's top choice among the three shortlisted candidates, with Kaizad Bharucha and Sunil Garg also in the running.