Cipla Limited at its Board of Directors meeting held on August 16, 2022, has approved the appointment of Mr. Ashish Adukia as the Global Chief Financial Officer and Key Managerial Personnel of the Company. This appointment will relieve Mr. Dinesh Jain from the additional responsibility of interim Chief Financial Officer. w.e.f. 16th August 2022.

Mr. Dinesh Jain will continue as Senior Vice-President & Head-Corporate Finance. Mr. Ashish Adukia is an accomplished leader with close to two decades of rich experience spanning across investment banking and a large Indian conglomerate. His proven success in building and scaling organizations reflects his focus on strategy and transformative excellence.

He also possesses deep capital market knowledge and valuable cross-industry experience. In his earlier assignment, Ashish was the Chief Financial Officer of Grasim Industries, the company of the Aditya Birla Group (ABG) and was part of the leadership team. Prior to this role, Ashish was the Group Head of Corporate Finance at ABG and worked closely with the Group Chairman on multiple strategic transactions.

Prior to ABG, he has worked as an investment banker with organizations like Morgan Stanley, Citigroup and PwC. Ashish is a Chartered Accountant and MMS (Finance) from JBIMS. In 2017, he featured in Fortune India's 40 under 40 list.