Abbott India Limited announced that upon recommendation of the Nomination and Remuneration Committee, the Board of Directors have approved the appointment of Mr. Devesh Choudhari as Director - Finance effective April 1, 2025. He will be part of the Senior Management team of the Company. Mr. Devesh Choudhari is not related to any of the Directors/Key Managerial Personnel/Senior Management of the Company.
Devesh Choudhari is a seasoned finance professional specializing in Finance, Accounting, Structuring, M&A, Fundraising, and Controls and has 18 years of experience. He brings a wealth of knowledge and a proven track record in leading complex financial projects. In his most recent role, Devesh joined Perfect Day, to lead their Indian manufacturing business following the acquisition of Sterling Biotech.
As CFO, he played a key role in driving the business performance and contributed to the groundwork for a $100 million greenfield project currently under construction. Devesh actively contributed to the strategic sale and played a pivotal role in forming the joint venture with the Zydus group, later serving as its CFO. Prior to this, Devesh spent nearly a decade at the Piramal Group, gaining hands-on experience in multi-segment, multi-location manufacturing setups, as well as equity raises totaling over $1.5 billion.
He significantly contributed to the $4 billion DHFL acquisition by Piramal and efficiently managed the integration of its financial operations. Earlier in his career, he worked with Deloitte in the Assurance function, handling leading FMCG, Chemical, and pharmaceutical companies. Devesh is a qualified Chartered Accountant and has done a Diploma in International Financial Reporting Standards (IFRS).
