Saumen Chakraborty now serves as an Advisor to Dr Reddy's. He was President and Chief Financial Officer of Dr. Reddy's, prior to his retirement in November, 2020. As a part of the advisory role, he led the biologics business for a few months and continues to drive various strategic initiatives including business development.
He has over thirty seven years of experience in both the strategic as well as the operational aspects of management and has played a significant role in the evolution of Dr. Reddy's as a global pharmaceutical company. Saumen joined Dr. Reddy's in 2001. Over the years, he has headed multiple global functions including Human Resources, Finance, Corporate & Global Generics Operations, Quality, and IT. During this period, Saumen championed several best-in-class initiatives and global best practices that contributed to the transformation of Dr. Reddy's into one of the most respected employers in India and also a "Great Place to Work. Previously, Saumen has worked with companies like CMC, C-DOT, Eicher and Tecumseh, and his experience spans Manufacturing, Sourcing, Customer Service, Quality and Consulting. Significant achievements by Saumen in his role as CFO include, leading the organisation's secondary ADS (American Depository Shares) issue on NYSE, one of the fastest issues of bonus shares in India, the formulation of active Treasury and M&A strategies, and the revamping of the Board of Directors reporting processes. On the technology and business process front, he has driven key initiatives such as the complete implementation of the mySAP Business Suite and S4Hana, creation of the Vikreta Connect platform, the Theory of Constraints (TOC) based approach to product development, manufacturing and supply chain effectiveness, and achieving execution excellence through the simplification of end-to-end business processes.
Saumen has consistently won accolades at various industry and business fora. In 2016, he was declared the Best CFO in the Large Enterprise, Healthy Balance Sheet Management category at the Businessworld-YES Bank Best CFO Awards, and was also recognised as CFO of the Year by International Market Assessment (IMA). In 2014 he was declared "India's Best CFO with Exemplary All Round Performance" in the "5th Annual Business Today - YES Bank BEST CFO Awards", while in 2007 he received CNBC TV-18's 'Best Performing CFO in the Healthcare Sector' award. Saumen has also won recognition at the Global Awards of Excellence in Quality Management & Leadership from the World Quality Congress, and the Deccan Herald Avenues Awards for HR Excellence. ITM Business School featured him in their list of India's Greatest HR Professionals. He has also received the Indira Super Achiever Award" from the Indira Group of Institutes, the Chairman's Excellence Award from Dr. Reddy's, and the Exceptional Contributor award from both C-DOT and CMC.
Saumen graduated in Physics from Visva-Bharati University and has a degree in Management from the Indian Institute of Management, Ahmedabad. He was a University topper. Recently he was conferred with the title 'Executive Fellow in Management' by the Indian School of Business, Hyderabad on completion of their doctoral level program for experienced executives. His doctoral dissertation was 'How to do dynamic resource allocation in the generic pharmaceutical industry'.
He has undergone numerous professional development programs from IIMA, ISB, Stanford, Harvard etc. and very eminent thought leaders e.g., Robert Kaplan, Stephen Covey, Eli Goldratt, Edward De Brono, Marshal Goldsmidth etc. He has been a speaker in multiple global and national conferences, and academic institutes.
He has been part of several national committees of CII and other professional networks. Currently, he is the chairman of the audit committee of the board of KIMS (a hospital group) and a board member of Aurigene. Earlier he was in the board of AHRD and ABP group. He is also the founder and the managing director of Samarjita Management Consultancy Private Limited.
While he enjoys coaching, mentoring and teaching, his passion statement in life is to strive for excellence in everything with honesty, commitment, courage and character.