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Concord Biotech welcomes Raviraj Karia on board as Chief Financial Officer

In this role, Raviraj will work closely with the CEO to shape growth strategy, lead mergers and acquisitions, strengthen investor relations, and drive digital transformation across finance and supply chain functions.

Concord Biotech is a globally recognized, R&D-driven biotechnology company focused on fermentation-based APIs and enzymes. Raviraj’s appointment reflects the company’s focus on disciplined financial leadership as it scales operations and expands its global footprint.

Before joining Concord Biotech, Raviraj served briefly in 2025 as Senior Vice President at Sakar Healthcare. There, he managed a wide portfolio covering finance, commercial operations, supply chain, and IT. His responsibilities included improving financial performance, treasury operations, compliance frameworks, and stakeholder engagement, while also supporting acquisition strategy and profitability initiatives.

Earlier, Raviraj spent nearly 10 years at Intas Pharmaceuticals as Global Lead – Internal Audit and Lead – Mergers & Acquisitions. During this period, he led complex cross-border audits across the USA, UK, Europe, and Asia, and worked closely with boards and private equity stakeholders. He played a key role in major transactions, including the acquisition of the Teva/Actavis entity, one of India’s largest outbound deals valued at GBP 600 million. He also structured more than USD 3 billion in borrowings and USD 0.8 billion in equity raises, while leading in-licensing, CDMO, and portfolio negotiations.

Raviraj’s earlier experience includes roles as Lead Commercial – Finance & Procurement at Lambda Therapeutic Research, where he handled finance, treasury, IPO readiness, and procurement automation. As Vice President – Finance at Shalby Limited, he supported acquisition-led growth, long-term funding strategies, and credit ratings, helping scale the organization from a 200-bed to a 2000-bed hospital network. At Gati Limited, part of the Allcargo Group, he led commercial finance, turnaround strategy, private equity investment processes, and divestments.

Raviraj began building his M&A and treasury expertise at Intas Pharmaceuticals as AGM – Finance, managing IPO processes, PE investments, ECB financing, and global acquisitions with borrowings exceeding INR 1100 crore. His early career at GVFL and Claris Lifesciences provided a strong base in venture investing, financial modeling, and corporate governance.

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