By: IPP Bureau
Last updated : February 23, 2025 10:20 pm
Sarat Kumar has been appointed as CFO of the company and also designated as Key Managerial Personnel with effect from February 21, 2025
Solara Active Pharma Sciences Limited has appointed Sandeep Rao as Managing Director (MD) and Chief Executive Officer (CEO) with effect from February 21, 2025 for a term of three years subject to approval of the shareholders of the company.
He has been appointed in place of Poorvank Purohit who tendered his resignation as MD & CEO of the company, with effect from February 21, 2025, citing personal reasons.
Rao holds a MBA from the Indian Institute of Management, Lucknow and M Sc in Chemistry from the Indian Institute of Technology, Mumbai. He has a rich career experience of 25+ years characterized by strategic growth - oriented thinking, focus on finding value creating opportunities, managing talented and high-performance teams, relentless execution and partnership management.
In his recent role as CEO of Tenshi Pharma since July 2024, Rao drives the governance of business operations across the API platform and other pharma assets within the family office. Prior to this, he was Vice President and Head of Business Development for Emerging Markets with Viatris. Prior to Viatris, he was with the Biocon group for 16 years, the last position being Senior Vice President and Head of the Insulins business.
Sarat Kumar has been appointed as Chief Financial Officer (CFO) of the company and also designated as KMP with effect from February 21, 2025.
He has joined in place of Arun Kumar Baskaran who tendered his resignation as a CFO and KMP with effect from February 21, 2025 citing personal reasons.
Kumar holds a Sloan Fellowship in Leadership & Strategy from the London Business School, London, UK and Post Graduate Diploma in Business Administration from Institute of Management Technology, Ghaziabad, India and is a Member of the Institute of Cost Accountants of India.
Sarat has more than 18+ years of experience in leading Finance function for different Business Units/ Geographies across diverse sectors – Pharmaceuticals (Strides Pharma Science Limited), Biologics CDMO (BioCina), Power (Torrent Power), Oil & Gas (Shell Plc.) and has considerable experience in P&L performance tracking, Strategy formulation & implementation, and change management projects. In his past roles, Sarat has also led Global cross functional teams and delivered bottom line impacts through cost leadership and optimization projects.