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Kedar Upadhye

Global Chief Financial Officer, Cipla

Kedar Upadhye is with Cipla as Joint President and Global Chief Financial Officer since August 2016, heading its Global Finance and Information Technology functions.
Previously, Kedar was Vice President – Finance and Head of Investor Relations at Dr. Reddy’s Laboratories. He has also worked with Pepsi India and the Thermax Group. Kedar is a qualified Cost Accountant and Company Secretary, and an alumnus of the Indian Institute of Management, Bangalore.
As an integral member of ‘Management Council – Cipla’, Kedar plays significant role in decisions on identifying levers of growth, strategic acquisitions and divestments, and cost optimization projects.

Kedar is a dynamic people leader with strong domain expertise and thorough understanding of the global pharmaceutical industry. At Cipla, Kedar provides leadership and strategic oversight to multi-locational finance teams operating throughout the globe. He has spearheaded several high-impact organisation-wide projects and practices to enable strategic business partnering, drive efficiencies, cost improvements, analytics, automation, and best practice in governance. Kedar has played a key role in the improvement in the operating margin and profitability of the company in the last three years.

In 2018, Kedar was awarded the IMA India CFO Award for Excellence in Cost Management in recognition of the significant improvements and sustainability of practices made in Supply Chain, Operations, General & Administrative spends and various other workstreams. Under his leadership, the Company has been recognized for strengthening its governance practices through the Golden Peacock Award for Excellence in Corporate Governance 2018 by the Institute of Directors, India; the 18th ICSI National Award for Excellence in Corporate Governance from the Institute of Company Secretaries of India; and ranked second for voluntary disclosures on the India Disclosure Index 2018 by FTI Consulting.

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