BOARD OF DIRECTORS
BSVL’s Board of Directors was set up on February 7, 2020. It comprises eight members - a Managing Director, four Non-Executive Directors and three Independent Directors.
Mr. Bharat V. Daftary
Chairman and Director (Non- Executive)
Bharat Daftary has successfully led the business for three decades until Advent International’s takeover in February 2020. Mr. Daftary has been spearheading the strategic planning of BSVL and has played a key role in the development of global relationships and the marketing function.
Dr. Gautam Daftary
Vice-Chairman and Director (Non- Executive)
A medical doctor by training, Dr. Daftary has primarily been responsible for R&D over the past three decades. His deep knowledge and expertise in the fields of microbiology, oncology, allergies and psychiatrics were leveraged to boost research initiatives, develop niche products and address unmet clinical needs.
Mr. Sanjiv Navangul
Managing Director and CEO
Sanjiv Navangul has led a host of global pharmaceutical companies to operational success. His mentorship and contribution towards a values-based culture is widely acknowledged by business leaders. Mr. Navangul has served on the board of Johnson & Johnson Pvt Ltd. India, and Fulford India. Mr. Navangul has held several leadership roles through... his 30 year career such as Managing Director for Janssen (Pharmaceutical Division of Johnson & Johnson) in India and South Asia; Managing Director for MSD Pharmaceuticals, Philippines; Commercial Director for MSD India and South Asia.
A recipient of several industry awards on Public Health, Marketing and Diversity, Mr. Navangul has also served as the Vice President of OPPI (Organisation of Pharmaceutical Producers of India) from 2014 to 2019, Chairman of AMCHAM Pharma committee (American Chamber of Commerce) from 2016 to 2019 and Chairman, Medical and Regulatory Committee from 2016 to 2019. He has been on the Academic Board of NMMIS Pharma management, IES Management school and IIHMR, Jaipur.
Mr. Pankaj Patwari
Pankaj Patwari is a Non-Executive Director w.e.f. February 07, 2020. Mr. Patwari is a Chartered Accountant by training and he holds an MBA from the Indian Institute of Management (Lucknow). ...
As Director - Advent India PE Advisors Private Limited, Pankaj Patwari has been managing Advent's investments in Crompton Greaves Consumer Electricals Limited from 2014 apart from Manjushree Technopack Limited, QuEST Global and Bharat Serums and Vaccines Ltd. He has also been a Director at Manjushree Technopack Limited and Gokaldas Intimatewear Private Limited. Previously, Mr. Patwari had spent six years with Bain Capital working on several transactions in the pharmaceutical and industrial sectors. Prior to his stint at Bain, Mr. Patwari spent four years with McKinsey & Co., focusing primarily on financial services.
Ms. Shweta Jalan
Ms. Shweta Jalan is a Non-Executive Director w.e.f. February 07, 2020. As the Managing Director of Advent India PE Advisors Private Limited (Advent), Shweta Jalan has been associated with Advent since 2009.Before joining Advent, Ms. Jalan worked with ICICI Venture, the largest private equity firm in India then. Prior to that, ... Ms. Jalan had spent a year with the corporate finance division of Ernst & Young. Ms. Jalan is also a Director at ASK Investment Managers Private Limited, Crompton Greaves Consumer Electricals Limited, Dixcy Textiles Private Limited, Manjushree Technopack Limited and QuEST.
Ms. Jalan has experience in sourcing and negotiating transactions and has worked across a wide range of sectors including industrial, media, business services to IT/BPO. She also offers her counsel on managing investments and planning successful exits, viz. sale to strategic buyers and the listing of companies.
Mr. Bhaskar Iyer
Bhasker Iyer is an independent director w.e.f. February 07, 2020. He is a strategic business leader with over four decades of experience in the pharmaceutical and healthcare industry spanning country management, global leadership and Board Directorship roles. ...
Since 2007 he has been managing teams comprising of Managing Directors and Function Heads and in the last role at Abbott India, the leading healthcare company in India, he managed a team of 12000 employees and a turnover of a billion US dollars. Mr. Iyer currently works as an Operating Partner at Advent International in a specialist advisory capacity. Prior to that, he was a Corporate Officer with Abbott for the India region, leading sales, manufacturing and R&D operations. Mr. Iyer has also held global leadership positions for Wockhardt in India, AstraZeneca in Asia-Pacific based in Singapore and country management positions in AstraZeneca, Nicholas Piramal India Limited, ICI Pharmaceuticals and senior roles in Glaxo India Limited. Mr. Iyer is also an Operating Advisor at a healthcare-focussed Private Equity firm, Quadria Capital.
Mr. Jayesh Merchant
Mr. Jayesh Merchant is an independent director w.e.f. on February 07, 2020. Jayesh is a qualified chartered accountant from the Institute of Chartered Accountants, a qualified company secretary from the Institute of Company Secretaries of India and has a law degree and bachelor of commerce degree from Mumbai University. Jayesh retired from Asian Paints Limited in November, 2019 after a long stint of 17 years. ... He was the Chief Financial Officer, Company Secretary, Compliance Officer and President of Industrial Joint Ventures. He was a member of the management board / executive council which supervised the operations of the company. Jayesh was overseeing the Industrial and Automotive Joint Ventures with PPG Limited, the largest coatings company in the world, and was actively involved in strategy and execution of the Joint Ventures. He was also involved with the Asian Paints’ international business and was the chairman of the holding company before retirement. Prior to joining Asian Paints Limited in 2002, Jayesh has worked in leadership roles in finance, legal, company secretarial and general management in the manufacturing and service industries namely, Castrol (India) Limited, Ion Exchange (India) Limited and UTV Limited.
During his career span of 37 years, Jayesh specialized in corporate governance and compliances, working capital and treasury management, mergers and acquisitions, intellectual property rights with a strong background on accounting, tax, legal and cost controls. Jayesh is highly respected in the corporate world and has been named BW Business world’s ‘Best CFO in the Sustained Wealth Creation’ category in 2012 and 2017. The compliance and legal team under his leadership won the Legal Era ‘Corporate Governance Excellence Award’ in 2018-2019. Jayesh currently serves as an independent director and chairman of the audit committee in Manjushree Technopack Limited and Bharat Serums and Vaccines Limited.
Mr. Abhijit Mukherjee
Abhijit Mukherjee is an independent director w.e.f. February 07, 2020. A chemical engineer from IIT-Kharagpur, Mr. Mukherjee superannuated from Dr. Reddy’s in March 2018 after playing varied senior roles there for 15 years; the last stint at Dr. Reddy’s was as COO from 2014 to 2018. Prior to that, ... Mr. Mukherjee had worked with Hindustan Lever for 13 years and with Atul for nine years. He is currently an Operating Partner at Advent International. He has been involved in two of Advent’s acquisitions. Apart from serving on the board of Bharat Serums and Vaccines Limited, Mr. Mukherjee is on the board of ICE in Milan, Italy and Slayback, a company incorporated in New Jersey, USA.