Strides Founder Takes Backseat Role As Profit Surges

Strides Shasun’s founder Arun Kumar has said he will take a backseat strategic role as the Indian pharma firm moves into ‘Version 2’ of its avatar, and will let new leadership drive the company to the ‘next level’ after fourth-quarter earnings nearly tripled.

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Strides Shasun Ltd. founder Arun Kumar is moving from executive vice-chairman to non-executive board chairman, replacing corporate finance specialist Deepak Vaidya, who is stepping down.

“We’ve all the pivots and pillars to grow this business to the next level,” said Kumar, a highly active dealmaker...

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