Aditya Puri joins as an advisor in Strides Group

Tuesday March 2, 2021 at 6:20 pm

Aditya Puri, the ex-managing director of HDFC Bank has been appointed as an advisor of the global pharma major Strides Group and has also joined as a director of its associate company Stelis Biopharma. In a regulatory filing, Strides Pharma Science stated, “Eminent corporate doyen Aditya Puri joins the Strides Group as an advisor and also will be a director of its associate company, Stelis Biopharma”.

According to Strides Pharma Science Puri’s appointment to the Stelis board happens at an exciting junction for the company as it gets transformed from the incubation phase to a consolidation and growth phase in order to get itself established as a global partner of choice with the sole purpose of making the world-class treatment all the more affordable to the masses in the emerging as well as the developed markets.

In respect to his appointment, Puri commented that the Stride Group’s established parentage, global success and headstart on the basis of basic infrastructure have provided him the opportunity to get involved and guide Stelis and other Group endeavours in their exciting growth story.

The Founder and Chairman of the Board of Strides, Arun Kumar stated, “I am delighted to welcome Aditya as our advisor and to Stelis board. This is a huge vote of confidence in the potential of Stelis. Aditya’s illustrious legacy is well- known. Having nurtured HDFC Bank since inception, his deep experience will be extremely valuable for the Strides Group and Stelis in particular”.

He further added, “With Stelis poised for its next leg of growth, this is the right time to expand the board, and ensure robust guidance and governance by the best possible industry minds. I look forward to working with Aditya and leveraging his expertise to take Stelis to new heights”.

Puri, who possessed a highly successful career, making the bank the largest amongst the private sector lenders, retired in October 2020. He had been leading the bank since its inception more than 25 years ago.

In the early 1990s, when Puri was heading to a foreign bank’s operations in Malaysia, the mortgage major of HDFC, Deepak Parekh offered him to get back to India to start a bank in an economy that had shifted gears with liberalization moves.

In November 2020, Puri was appointed as a senior advisor by an US- based global investment firm, Carlyle Group