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Strides’ Founder Resumes Charge After Dismal Q4 Earnings

 
• By Penelope MacRae

Strides Shasun founder Arun Kumar has moved back into the driver’s seat to focus on “course correction” after the Indian drug maker racked up an unexpected quarterly loss that triggered a massive share selloff.

Hitting bigger business target
STRIDES' FOUNDER AIMS TO GET COMPANY BACK ON TARGET • Source: Shutterstock

Just a year ago, Strides Shasun Ltd.’s founder Arun Kumar announced he was taking a back-seat strategic role and would let new leadership drive the company to the “next level” as it transformed into a global business-to-consumer operation from a business-to-business firm. He said the move was part of succession planning for Strides, which focuses on making intellectual property-led niche generics. 

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More from Focus On Asia

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