Jagsonpal Pharmaceuticals appoints Mr. Manish Gupta as the MD

Jagsonpal Pharmaceuticals Limited (BSE: 507789), NSE: JAGSNPHARM) today announced the appointment of Mr. Manish Gupta as the Managing Director of the Company.

Manish has a well-established track record of successfully leading and managing businesses across the globe. His last stint was with SeQuent Scientific Limited (SeQuent) as the CEO and Managing Director for 8 years. Previously, he has been the CEO - Pharma Business for Strides Pharma Science. Earlier, he was associated with Wockhardt in various capacities, his last role being the Managing Director of Pinewood Healthcare, Ireland and CEO of Radiant Research, a CRO in USA.

Manish led SeQuent since 2014 and played a major role in transforming the Company from a small India-focused business to a global organization with operations in India, Turkey, Brazil and the EU, emerging as India's largest and 'Top 20' global animal health company. He undertook a series of structural moves including inorganic initiatives with emphasis on consolidating market presence, entering new markets and strengthening customer-centricity.

Mr. Rajpal Singh Kochhar, Founder and the incumbent Managing Director who led Jagsonpal since inception has stepped down. Mr. Rajpal Singh Kochhar and family will continue to be a part of the Promoter Group of the Company.

Commenting on the development, Mr. Rajpal Singh Kochhar stated "While it's a difficult decision and moment to pass on the mantle of a business which we built from scratch over decades, I am happy that we have found the right partners to take the Company to the next level with a strong focus on growth and profitability. I take this opportunity to thank each and every one at Jagsonpal and in particular the Directors for their commitment. I wish Manish the very best and looking forward to see Jagsonpal delivering greater value to all stakeholders."

On the new role, Manish stated that "I am excited to take up the mantle to lead Jagsonpal, which I believe has a great business model and talented team. I look forward to work closely with the new Board to build on the great foundation laid by Mr. Rajpal Singh Kochhar, with a focus on growth and profitability."

Shares of Jagsonpal Pharmaceuticals Limited was last trading in BSE at Rs. 354.45 as compared to the previous close of Rs. 346.10. The total number of shares traded during the day was 15368 in over 1546 trades.

The stock hit an intraday high of Rs. 366.75 and intraday low of 346.00. The net turnover during the day was Rs. 5500107.00.

Source : Equity Bulls

Keywords

JagsonpalPharmaceuticals INE048B01027 ManagingDirector Appointment