logo
Samir Mehta's son Aman named MD of Torrent Pharma

Samir Mehta's son Aman named MD of Torrent Pharma

Time of India20-05-2025

MUMBAI:
Torrent Pharma
has named
Aman Mehta
, the older son of chairman
Samir Mehta
, as MD, solidifying the succession plan at the flagship of the $5.3 billion
Torrent Group
. His new role will begin on August 1. This appears to be the company's first MD position.
Aman, 33, who represents the third generation of the family, joined the company's board as a director in 2022. His younger brother Shaan Mehta, 27, currently leads strategy at the company.
The Torrent Group, founded by Aman and Shaan's grandfather in 1959, now has diverse interests spanning from
pharmaceuticals
to power. Their cousin, Jinal Mehta, currently serves as the vice chairman and MD of Torrent Power.
' As part of our long-term strategic vision and succession planning, the board has approved the appointment of Aman Mehta as MD, effective August 1, 2025,' said Torrent Pharma, adding that 'This appointment is aligned with our commitment to building a strong, future-ready leadership team capable of delivering sustainable value to all stakeholders.'
An economics graduate from Boston University with an MBA from Columbia University, Aman joined the Torrent Group in October 2013. His career spans leadership positions across the group's pharma and power businesses. A notable accomplishment includes overseeing the integration of Unichem's domestic operations into Torrent Pharma. The company acquired Unichem's 120 brands and manufacturing facility for Rs 3,600 crore in December 2017.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Microfinance: Indicators show cautious lending, continuing stress in parts
Microfinance: Indicators show cautious lending, continuing stress in parts

Business Standard

time40 minutes ago

  • Business Standard

Microfinance: Indicators show cautious lending, continuing stress in parts

Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability BS Reporter New Delhi The microfinance business continues to prioritise larger loan sizes. According to CRIF High Mark's 'MicroLend March 2025', loans between Rs 30,000–50,000 declined by 6.7 per cent quarter-on-quarter (QoQ), while those up to Rs 30,000 contracted by 8 per cent. Loans in the Rs 50,000-80,000 range saw a moderate QoQ decline of 0.4 per cent. Despite a small base, loans of Rs 80,000, particularly those over Rs 100,000 grew beyond industry trends, indicating a shift toward higher-ticket loans, likely among existing customers. Amid these shifts, CRIF High Mark emphasised that the sector remains on a path of long-term sustainability. While current indicators suggest cautious lending and persistent stress in parts of the portfolio, improvement in early-stage performance and a gradual move towards higher-quality credit segments are encouraging trends.

No side business? No family wealth? CA shares 'boring' wealth formula that works while you sleep
No side business? No family wealth? CA shares 'boring' wealth formula that works while you sleep

Time of India

timean hour ago

  • Time of India

No side business? No family wealth? CA shares 'boring' wealth formula that works while you sleep

CA Nitin Kaushik shared insights on X about financial discipline and wealth creation, emphasizing saving before spending, inspired by Warren Buffett. He highlighted the power of compounding, illustrating how consistent investments grow significantly over time. Kaushik advised starting early, reinvesting returns, and avoiding unproductive debt for long-term financial independence. Tired of too many ads? Remove Ads Harnessing the Power of Time and Compounding Simple Steps to Begin Building Wealth Tired of too many ads? Remove Ads Steering Clear of Financial Pitfalls About Nitin Kaushik A chartered accountant recently turned heads on social media with a thought-provoking post on financial discipline and long-term wealth creation . CA Nitin Kaushik , known for his expertise in personal finance , took to platform X to unravel the timeless philosophy of spending what remains after saving—rather than saving what remains after spending. He rooted this wisdom in the teachings of master investor Warren Buffett, reminding people that building wealth is more than numbers—it's about creating a life of freedom, choice, and emphasized that every rupee invested becomes a tireless worker, one that operates around the clock without asking for breaks, benefits, or promotions. When money is strategically invested, it forms an invisible but powerful force that continues to grow, forming the foundation for lasting financial independence To illustrate how money can multiply with consistency and patience, Kaushik provided a striking example. A monthly investment of Rs 10,000 at an 8% annual return could grow into Rs 18.29 lakh in a decade, Rs 59.31 lakh in two decades, and a staggering Rs 1.5 crore over thirty years. This exponential growth isn't about chasing high returns but about using time as a powerful ally. The real driver is consistency—making disciplined contributions over the long laid out a series of practical suggestions for those starting their financial journey. First and foremost: begin immediately, regardless of how small the amount may be. Even ₹1,000 a month has the potential to build into a meaningful sum when given enough time. The earlier one starts, the more effective compounding also encouraged focusing on assets that grow in value and generate income—like equities for capital growth, real estate for passive income, mutual funds for risk-spread investments, and even entrepreneurial ventures that offer compounding returns through reinvested essential habit he endorsed was the reinvestment of returns. Instead of spending the gains, allowing them to remain invested enables compounding to accelerate, turning modest savings into significant wealth over unproductive debt is equally important. Kaushik advised staying away from liabilities such as credit card bills or loans for luxury items and instead using beneficial debt—such as home or business loans—to acquire appreciating assets. Finally, he reminded his followers that wealth-building is not about speed but about steady, patient effort over to his LinkedIn profile, Nitin Kaushik is a qualified chartered accountant with a background in commerce from Delhi University. His insights reflect not only academic knowledge but also years of financial wisdom, aimed at helping others achieve financial independence through thoughtful investing.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store