Dr Reddy's Labs reappoints G V Prasad as Co-Chairman, MD
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Hyderabad: Dr Reddy's Labs has announced the re-appointment of G V Prasad as Co-Chairman and Managing Director for a period of 5 years with effect from January 30, 2026 to January 29, 2031.
"Based on the recommendation of Nomination, Governance and Compensation Committee, the Board of Directors of the Company has approved the re-appointment of Mr. G V Prasad (DIN: 00057433) as a Whole-Time Director designated as Co-Chairman and Managing Director for a period of 5 years with effect from January 30, 2026 to January 29, 2031, subject to approval of shareholders in the ensuing Annual General Meeting of the Company," Dr Reddys Labs stated in a BSE filing.
Having joined the company in 1990, Prasad led Dr. Reddy’s growth from a mid-sized domestic operation to a diversified global pharma company today present in 66 countries with a total revenue of $2.83 billion.
As an advocate of sustainability, Prasad brought in many initiatives in the company to make it more sustainable. He is a photography enthusiast and supports nature and wildlife. He is involved with the activities of the World Wildlife Fund, AP and Telangana chapter, Wildlife Trust (WTI) of India and other conservation-oriented organisations.
Prasad is active on the boards of public and private institutions such as the International Foundation for Research and Education. He is also a member of the governing body of Mckinsey Centre for CEO Excellence and Institute of Public Health Sciences Hyderabad Society.
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