Mr. Suresh G. Kare : Chairman

Mr. Suresh G. Kare, Chairman of Indoco Remedies Ltd., has been at the helm of the Company's affairs for over 60 years. Under his able leadership, the Company has transformed into the fully integrated, research oriented pharma organisation, that it is today. Mr. Kare has a technical background and is well respected by the industry for his acute business acumen and vision. His passion for arts, sports and social service contributes to his multi-faceted personality. Under his stewardship, Indoco has achieved innumerable milestones. Mr. Kare's vast pharmaceutical experience and passion for excellence is the key to the Company's sustained growth. He has been the President of the Indian Drug Manufacturers' Association (IDMA) and has significantly contributed to the growth of the Indian pharmaceutical industry.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Chairman and Non-Executive Director

• • Spa Holdings Private Limited - Director

• • Indoco Capital Markets Limited - Director

• • Shanteri Investment Private Limited - Director

Ms. Aditi Kare Panandikar : Managing Director

Ms. Aditi Kare Panandikar is the Managing Director of Indoco Remedies Ltd., a research-driven, global pharmaceutical company. With a strong blend of business acumen and techno-commercial expertise, she has been instrumental in shaping Indoco’s strategic direction, driving innovation and expanding the company’s footprint across international markets.

A Pharmacy graduate with a Master’s in Pharmaceutical Administration from The Ohio State University, USA, Ms. Panandikar has also done in-depth studies in Patent Law & Practices, reinforcing Indoco’s stronghold in Regulated Markets. Under her leadership, Indoco has evolved into a US$ 180 million company with 11 world-class manufacturing facilities, an R&D centre in Navi Mumbai and a Clinical Research Organisation in Hyderabad, catering to global markets. The Company has approvals from top regulatory authorities, including USFDA, UK-MHRA, EUGMP and Health Canada.

Before being appointed as the Managing Director, Ms. Panandikar successfully led various key functions at Indoco, including Domestic Marketing – Formulations, API Business, Human Resources, Technical (R&D & QA) and Business Development (International).

Her strategic foresight has led Indoco to expand its global presence through an acquisition of US-based FPP Holding Company, LLC, a move that reinforces Indoco’s position as a key player in the highly competitive US generic market.

Ms. Aditi Kare Panandikar features in the ‘Fortune India’s 100 Most Powerful Women in Business 2025' list.

Awards and Recognition

• • ‘Saraswati Puraskar’ by the All India Saraswat Cultural Organisation in 2024

• • ‘Leader Of The Year’ award at the at the UBM India Pharma Awards in 2016

• • ‘Business Woman Of The Year’ award at the Business Goa Awards for Corporate Excellence 2016

• • ‘Jack L. Beal Post-baccalaureate Alumni’ award from the Ohio State University for her outstanding contribution to the pharma industry in May 2015

Ms. Panandikar is an active participant in industry forums and panel discussions, addressing emerging challenges and opportunities in the pharma industry. She was recently appointed as the Hon. General Secretary of the Indian Drug Manufacturers' Association (IDMA).

Driven by a passion for excellence and an unwavering commitment to healthcare, Ms. Aditi Kare Panandikar continues to inspire and lead Indoco Remedies into its next era of innovation and growth.

• • Indoco Remedies Limited - Managing Director

• • Shanteri Investment Private Limited - Director

• • Xtend Industrial Designers and Engineers Private Limited - Director

• • Indoco Remedies Czech S.R.O. - Director

• • Indoco Remedies UK Limited - Director

• • Warren Remedies Private Limited - Whole Time Director

• • FPP Holding Company LLC - Officer designated as Director

• • Florida Pharmaceutical Products, LLC - Officer designated as Director

• • Xpentra Advisory Services LLP - Partner

• • A K Services   Agency Pvt. Ltd. - Director

Mr. Sundeep V. Bambolkar : Jt. Managing Director

A Pharma professional with over 40 years’ experience in the industry, across various functions such as Finance, Operations, Purchase, Projects and International Business.

A Science graduate with a Master’s degree in Business Administration from the Mumbai University. He is also a Diploma holder in Entrepreneurship Management.

As Jt. Managing Director he is overall responsible for all Manufacturing as well as Supply Chain Operations for Formulation Business, Finance and allied functions; as well as the International Business.

He is amongst several eminent and senior executives across various businesses in India to have undergone a Global Advanced Management Programme jointly conducted by the Indian School of Business (ISB) at Hyderabad in India and the Kellogg Business School at Chicago in USA.

At Kellogg, he was familiarized with new Management thoughts, Ideas and also had an opportunity to meet and draw from the knowledge of several eminent Management Gurus including Philip Kotler and Deepak Jain, the then Dean of The Kellogg Business School.

Sundeep V. Bambolkar has been with the group since 1982. He was appointed as Jt. Managing Director of Indoco from February’2012, prior to this he was a Board Member with responsibilities of Finance, Operations and International Business.

Recipient of an award in the category 'Winning Edge in Cost Management' initiated by CFO 100 Institute, 9.9 media for two consecutive years, 2011 & 2012. Mr. Bambolkar has also been nominated as the Member of the Board of Governors National Institute of Technology, Goa (NITG), as a State Nominee.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Joint Managing Director

• • Xtend Industrial Designers and Engineers Private Limited - Director

• • Indoco Remedies Czech S.R.O. - Director

• • Indoco Remedies UK Limited - Director

• • Spa Holdings Private Limited - Director

• • Warren Remedies Private Limited - Whole Time Director

• • FPP Holding Company LLC - Officer designated as Director

• • Florida Pharmaceutical Products, LLC - Officer designated as Director

Mr. Satish Shenoy - Independent Director

Mr. Satish Shenoy is a Commerce graduate, Chartered Accountant, Cost Accountant and Company Secretary by qualification. Mr. Shenoy has more than 40 years of experience in Internal Audit, Risk Management, Forensic and Ethics functions in PSUs (i.e. Hindustan Petroleum) and private enterprises (i.e. Onida, Lupin, Reliance Retail, L&T and Aditya Birla Group). Mr. Shenoy has also worked with the Government of India (Ministry of Petroleum) on deputation with the Oil Coordination Committee.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Independent Director

Mr. Ajay Mulgaokar - Independent Director

Mr. Ajay Mulgaokar holds a MSC degree in Organic Chemistry and has completed Strategic Leadership Programme from IIM Ahmedabad. Mr. Mulgaokar is an experienced Human Resource Services-Technology and Business Operations professional with more than 35 years of multi-faceted experience in building and running large Managed Services, Global Technology and Operations (both in Captive and Third-Party businesses) spread across various geographies with a global span of 5000+ Full Time Employees. Mr. Mulgaokar has worked with Large Global Organizations viz., Wipro, Alight Solutions, Aon Hewitt, Hewitt, Exult, CGI, Burroughs Wellcome and Datamatics.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Independent Director

Dr. (Ms.) Vasudha V. Kamat - Independent Director

Prof. (Ms.) Vasudha Vasant Kamat, aged 67 years, has a Bachelor's Degree in Science (Chemistry), Master's Degree in Arts (Sociology), Bachelor's and Master's Degree in Education and a Doctoral Degree in Philosophy (Arts). She has a varied experience in the education sector and is associated with various foreign universities for the fellowship programmes in the capacity of visiting scholar. In the past, she has held the post of Joint Director at the Central Institute of Educational Technology, a constituent unit of National Council of Educational Research and Training and Vice - Chancellor of S.N.D.T Women's University. She is also a part of the committee constituted for preparation of the draft National Education Policy. She is on the on the Board of IRCON International Limited an Independent (Part-time Non-Official) Director.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Independent Director

Mr. Abhijit Yashwant Gore - Independent Director

Mr. Abhijit Yashwant Gore a partner at D. G. Gore (Fragrance Manufacturers) is a second generation entrepreneur who is running his family business since the last 34 years. He has been trained as a Perfumer in a Perfumery School in Grasse France. With many customers spread across the world and a strong dealer network all over India, his company has been manufacturing self-developed blends for the FMCG industry for several years now. Additionally, he also contributes his expertise, knowledge, experience and advisory skills in the aroma-chemicals, Natural Essential Oils Industry. He has investments in media & entertainment and real estate industry.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Independent Director

• • JMP Advisors Private Limited - Director

• • Veena Patil Hospitality Private Limited - Director

• • Vibhav Realtors Private Limited - Director

Dr. Anand Nadkarni - Non-Executive Director

Dr. Nadkarni has done his MD in Psychological Medicines. He is a Consultant Psychiatrist and a Corporate Trainer & Human Resource Consultant for a number of major corporate organisations. He has vast experience in dealing with various type of industries.

Directorship and Full-Time Positions in Body Corporates

• • Indoco Remedies Limited - Non-Executive - Non Independent Director