Bengaluru : Former HDFC Bank CEO joins global pharmaceuticals company Strides Group Limited as an advisor and he will also serve as a director of its associate company Stelis Biopharma.
Headquartered in Bengaluru, Strides mainly operates in the regulated markets and has an “in Africa for Africa” strategy along with an institutional business to service donor-funded markets. The Company’s global manufacturing sites are located in India (Chennai, Puducherry and two locations in Bengaluru), Singapore, Italy (Milan), Kenya (Nairobi) and the United States (Florida).
Stelis is a vertically integrated biopharmaceutical company. Stelis offers end-to-end state-of-the-art CDMO services across all phases of pre-clinical and clinical development and commercial supply of biologics.
In a statement, the company said “Mr. Puri’s appointment to the Stelis Board comes at an exciting juncture for the company as it transitions from its incubation phase to a consolidation and growth phase to establish itself as a partner of choice globally with the aim of bringing world-class treatments at affordable costs to patients in both emerging and developed markets”.
“I look forward to working with Arun and building world-class institutions to produce high-quality affordable biotherapeutics and CDMO services including those needed to combat the ongoing COVID-19 pandemic. The Group’s established parentage, global success and headstart in terms of basic infrastructure, gives me the opportunity to be involved in and guide Stelis and other Group endeavors in their exciting growth story” Aditya Puri said.
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. Under his stewardship, the publicly traded bank scaled great heights to become India’s largest private sector lender by assets, India’s most valuable bank by market capitalization(1) and India’s most valuable brand for the sixth consecutive year in 2019(2). Not only was.
( Press Release by Strides)