Ajanta Pharma gets new leadership

Ajanta Pharma Ltd has announced that the Company has handed over its reins to the younger generation for accelerated growth in the coming years. Mr. Yogesh Agrawal, currently the Executive Director of the Company, has been elevated as Managing Director of the Company. The Board of Directors at their meeting held on December 14, 2007, has approved his appointment with immediate effect.

Mr. Yogesh Agrawal, aged 36, is a management Graduate from Johnson & Wales University, U.S.A. and has been handling the entire operations of the company as Executive Director for last 5 years. The Board has appreciated the excellent performance of Mr. Yogesh Agrawal and was convinced that he is ready to take over as Managing Director of the company. He is credited with transforming the Company's business to "Speciality Specialist". During this period, the Company has launched 40 new molecules first time in the country for better patient care. The Board of Directors expressed the confidence that the young, enthusiastic new Managing Director will take the company to newer heights.

"The appointment of Mr. Yogesh Agrawal as Managing Director of the Company clearly shows the commitment of the Company towards Corporate Governance. An early succession planning in the Company will give twin benefits of having the young and dynamic leadership to drive the accelerated growth the Company is planning in the near future and availability of guidance from seniors," said Mr. Madhukar, an Independent Director on the Board of the company.

Mr. Purushottam Agrawal, the current Managing Director and Mr. Madhusudan Agrawal, current Joint Managing Director has been elevated as Vice Chairman of the Company.