RPG Life Sciences Appoints Ashok Nair As MD

After successfully leading RPG Life Sciences for over six years, Yugal Sikri, the Managing Director of the company, will superannuate at the close of business hours on 30 April 2025. Under his leadership, the company witnessed a remarkable transformation and stellar overall performance across all business segments leading to uninterrupted y-o-y upward growth trajectory in all key financial parameters and a benchmark performance in the comparator companies. The company became debt-free generating surplus not only to fund the modernization and capacity expansion of both its plants but also to fund future growth opportunities.

To facilitate smooth and structured transition, Ashok Nair is appointed by the Board on the recommendation of the Nomination and Remuneration Committee as Managing Director (Designate) of the Company w.e.f. January 7, 2025. He will assume office of Managing Director w.e.f. from May 1, 2025, subject to necessary approval by the shareholders of the Company.

Nair is an established healthcare leader with 39 years of experience and successful track record of building new businesses and turning around existing ones. He has worked with a broad spectrum of companies, from mature ones to healthtech startups. His last corporate role was as the Managing Director of Abbott Primary Care. Through his long career, he worked with leading pharmaceutical companies such as Abbott, Torrent Pharma, Sun Pharma and Cipla; in areas such as sales, marketing, commercial and product management. He was also involved in formulating policy under the aegis of various industry bodies.

More recently, he was a Co-Founder of WatchYourHealth, a B2B healthtech startup since June 2023. He also advised PE firms on healthcare topics.