Key Appointments Effective 21 August 2026

Managing Director Appointment

  • Ms. Pragya Bhartia Barwale (DIN: 02109262) appointed as Managing Director and Key Managerial Personnel for 5 years until 20 August 2031, subject to shareholder approval
  • Age: 44 years
  • Education: BA in Economics and International Relations (Brown University), MSc in Development Economics (University of Oxford)
  • Experience: 18 years encompassing Strategic Planning, Technology and Project Management
  • Business Performance: Successfully led Ennature Biopharma division of IGL to achieve revenue of over ₹200 Crores
  • Strategic Contribution: Played pivotal role in expanding into high-margin Branded Nutraceutical Ingredients segment, prioritizing R&D and clinical science investment

Non-Executive Director Appointments

  • Mr. U.S. Bhartia (DIN: 00063091) appointed as Additional Director (Non-Executive), subject to shareholder approval
  • Age: 72 years, Bachelor of Commerce (Honours) from Calcutta University
  • Experience: Over four decades in managing various industries, recipient of Economic Times lifetime achievement award for India Chemical Sector (October 2024)
  • Ms. Pooja Jhaver (DIN: 02109201) appointed as Additional Director (Non-Executive), subject to shareholder approval
  • Education: Honours degree in Economics (St. Stephen's College, Delhi University), PPE degree (University of Oxford), postgraduate qualification in International and Comparative Education (Teachers College, Columbia University)
  • Current Directorships: Hindustan Wires Ltd., KHL Finance Limited, Kashipur Holdings Limited
  • Chairperson of Nirmal Bhartia School

Independent Director Appointments (3-year terms until 20 August 2029)

  • Mr. Malay Memani (DIN: 09537408)
  • Education: BSc (Hons) in Economics and Management (University of St Andrews), MSc in Analytics and Management (London Business School)
  • Experience: Former Analyst at Lighthouse Funds (tracked consumer goods sector), currently leads Autometers Energitec Limited (clean energy and renewables company)
  • Expertise: International expansion in Middle East and Africa regions
  • Ms. Shukla Wassan (DIN: 02770898)
  • Experience: Over 3 decades expertise in Joint Venture, Refranchising, Strategic Alliances, Fund Structuring, Intellectual Property, Indirect Taxation, Competition Law, Arbitration, Corporate Governance, POSH and Corporate Social Responsibilities
  • Awards: ICCA Excellence Award 2019 (F&B Sector), 'Corporate Lawyer of the Year' (2017), 'Outstanding Achievement - In house - Female' (2013), 'General Counsel of the Year (Female)' (2014)
  • Committee Member: CII and FICCI with leadership roles in community organizations
  • Ms. Bharati Agarwal (DIN: 10252447)
  • Background: Former Managing Director at TPG, co-led investments for India at TPG NewQuest
  • Investment Experience: Oversaw transactions involving over $1.58 billion capital deployed across 20+ companies
  • Board Experience: iD Fresh Food, FirstCry, Sapphire Foods, Cloudnine Hospitals, Halonix, Citykart, Forus Health, Cleartrip
  • Education: MBA/PGDM (IIM Ahmedabad, Institute Rank 4, SM Shah Scholar), MSc in Finance and Economics (London School of Economics, PJD Wiles Scholar), BSc in Economics with minor in Mathematics and Statistics (St. Xavier's College)
  • Previous: Consultant at Boston Consulting Group, United Nations World Food Programme
  • Ms. Shilpa Divakar Nirula (DIN: 06619353)
  • Experience: 30+ years with Monsanto, including Chief Executive Officer of Monsanto India (2014-2018) and Managing Director of publicly listed entity in India
  • Current: Mentoring businesses since April 2020, co-founder of AGVAYA LLP (consulting firm for agriculture and food value chain)
  • Directorships: AstraZeneca Pharma India Limited, GMM Pfaudler Limited, Clean Max Enviro Energy Solutions Private Limited, Grow Indigo Private Limited
  • Advisor: Omnivore (agri-tech-focused venture capital fund)
  • Qualifications: MBA (S.P. Jain Institute), Chartered Accountant, Cost & Works Accountant

Governance Compliance

All appointed directors confirmed not debarred from holding office of director by virtue of any SEBI order or other authority in terms of BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24 dated 20 June 2018.

Family Relationships Disclosed

  • Ms. Pragya Bhartia Barwale is related to Mr. U.S. Bhartia (father) and Ms. Pooja Jhaver (sister)
  • Mr. U.S. Bhartia is related to Ms. Pragya Bhartia Barwale (daughter) and Ms. Pooja Jhaver (daughter)
  • Ms. Pooja Jhaver is related to Mr. U.S. Bhartia (father) and Ms. Pragya Bhartia Barwale (sister)
  • No relationships disclosed for independent director appointees