Zydus Group has appointed Tushar Shroff as its new Chief Financial Officer, marking his return to the organisation in a key leadership role. He will be responsible for driving the financial strategy of the group, strengthening capital structures, and supporting its growth plans in the global life sciences sector.
Tushar has built a career spanning over three decades in finance, corporate strategy, and mergers and acquisitions across the pharmaceutical, technology, healthcare, and industrial sectors. He previously served as President of Zydus Lifesciences, deepening his association with the group. Before this, he worked as Group Chief Financial Officer at Sterlite Technologies Limited in Mumbai, where he led financial transformation and governance during a phase of rapid global expansion.
Earlier, Tushar was Group CFO at Intas Pharmaceuticals, a US$ 2.5 billion organisation with a presence in more than 80 countries. In this role, he was central to capital structuring, investor relations, and strategic finance, securing sustainable growth backed by Sovereign Funds and Private Equity partners. His earlier role as Senior Vice President Corporate Finance at Zydus Cadila saw him lead fundraising initiatives of over US$ 1 billion, build innovative financing structures for R&D, and consolidate the group’s formulation business for large scale growth.
Tushar also held leadership positions as Chief Finance Officer at SCHOTT Kaisha Private Limited, where he managed project funding and cost systems, and as General Manager M&A at the Piramal Group, where he played a significant role in acquisitions such as Cifixin and Anfortan brands from Khadelwal Laboratories, and product rights from PlasmaSelect AG in Germany and Minrad’s business in the US.
Tushar began his career with ABB India, rising from trainee to Head of Finance and Business Area Controller over nine years, and later became Executive Director and CFO at Elster Metering Private Limited, where he oversaw post acquisition integration and set up new financial structures. His academic background includes qualifications as a Chartered Accountant and Cost Accountant, with further leadership training at the Indian Institute of Management, Ahmedabad.
Through his career, Tushar has shown strong financial stewardship and cross border leadership. His appointment reflects Zydus Group’s confidence in his ability to strengthen its financial base and advance its mission of delivering innovative healthcare solutions worldwide.
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