A key leadership change is set to take place at Biocon as the company moves closer to fully integrating Biocon Biologics into its core operations. Kedar Upadhye will become the Chief Financial Officer of the combined Biocon Limited and Biocon Biologics business once the integration is completed and Biocon Biologics becomes a wholly owned subsidiary. This transition is expected to be finalised no later than March 31, 2026, subject to statutory approvals.
With more than 23 years of global leadership experience, Kedar brings deep expertise across corporate finance, strategy, financial planning and analysis, governance, business finance, and investor relations. His career spans senior roles across the pharmaceutical, energy, and FMCG sectors. Known for his strong focus on value creation and sound financial leadership, he has also played a key role in strengthening investor confidence across his assignments.
Since joining Biocon Biologics, Kedar has been instrumental in several major financial milestones. One of his most notable contributions has been leading the company’s landmark 800 million dollar bond issuance on the Singapore Exchange, which ranks among the largest by an Indian pharmaceutical company in the last decade.
In his current role, he has focused on disciplined capital management, building sustainable cash flows, and ensuring transparent engagement with investors. He has also worked closely with the Board and senior leadership as a trusted strategic partner on key financial decisions.
His move into the expanded CFO role reflects the company’s continued focus on strong governance, financial excellence, and long term value creation as Biocon enters its next phase of growth.
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