Sai Ramana Ponugoti Takes Charge at Piramal Pharma with Shares Rising

Piramal Pharma saw a 1.70% uptick in its stock price, closing at $2.94, as the board announced the appointment of Sai Ramana Ponugoti as the Chief Executive Officer of its India Consumer Healthcare (ICH) division, effective January 6, 2025. This move marks a strategic step forward for the company as it transitions leadership roles within its senior management.

The company shared that with Ponugoti stepping into the role, Sarosh Shetty’s tenure as interim CEO of ICH has concluded. Ponugoti brings a wealth of expertise to the position, having accumulated more than two decades of leadership experience during his time at Procter & Gamble (P&G). His career at P&G included senior roles in India and other dynamic markets across Asia, the Middle East, and Africa.

Most recently serving as the Chief Sales Officer for P&G India, Ponugoti has been credited with driving transformative changes that significantly enhanced business growth and profitability. In a previous assignment as Country Manager for P&G Vietnam, he navigated complex market conditions to deliver exceptional outcomes for both the business and the organization.

Piramal Pharma continues to solidify its presence in the global pharmaceutical industry with a diverse portfolio spanning contract development, critical care solutions, and consumer healthcare products. The company operates through 17 facilities worldwide and distributes products to over 100 countries. Its core businesses include Piramal Pharma Solutions (PPS), Piramal Critical Care (PCC), and its India Consumer Healthcare segment, which focuses on over-the-counter products.

The company’s financial performance has also been noteworthy. In the second quarter of FY25, Piramal Pharma’s consolidated net profit surged by 350%. Revenue from operations also experienced robust growth, rising by 17.28% year-on-year.

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