Dr. Reddy’s promotes M. V. Narasimham to CFO

M. V. Narasimham, currently Dy. Chief Financial Officer of Dr. Reddy’s Laboratories Limited, is being elevated to the post of Chief Financial Officer (CFO) with effect from August 1, 2024. Presently, he is also a member of the management council and a Senior Management Personnel of the company. He replaced Parag Agarwal, who will retire on July 31, 2024. He will also cease to be a member of the management council and Senior Management Personnel of the company, effective July 31, 2024. He will continue to be available with the company until August 31, 2024.

Narasimham has been serving as the Deputy Chief Financial Officer, with responsibilities in global commercial business finance and global taxation. He is a qualified Chartered Accountant with more than 30 years of experience across several finance functions. He joined the company in 2000 and has held various positions of increasing responsibility across finance in the company. He led the finance operations of business segments PSAI and Global Generics during the period 2006–2012. Since 2012, he has been heading Corporate Finance (Direct and Indirect Taxation, Consolidation and Corporate Analytics) along with Global Business finance involving both India and overseas operations.