Shilpa Medicare Executive and Leadership Team

May, 2026

Leadership Overview

Shilpa Medicare has 5 executives leading key functions including finance, operations, human resources, biopharma CDMO licensing, and CDMO business.

Driven by innovation, Shilpa Medicare is dedicated to advancing pharmaceutical manufacturing through its diverse portfolio of APIs, intermediates, and formulations, impacting global healthcare with its specialized offerings and contract manufacturing capabilities.

Leadership Roles at Shilpa Medicare

  • Chief Financial Officer - Pankaj Jhawar
  • Chief Operating Officer - Vellaian Karuppiah
  • President, Biopharma Cdmo Licensing & Partnering (Ai Ml Discovery Development & Manufacturing) - Harshawardhan Bal
  • President, Cdmo Business (North America ) - Harsh Bal
  • Chief Human Resources Officer - Pv Rao
  • Pankaj Jhawar - Chief Financial Officer

    Pankaj Jhawar, the Chief Financial Officer at Shilpa Medicare, directs the company's financial strategy and operations. Jhawar oversees all fiscal activities, including budgeting, financial planning, and risk management, ensuring the financial health and stability of the organization. This leadership role involves managing capital allocation, optimizing financial performance, and driving profitability across all business segments, from API manufacturing to formulations. Jhawar's expertise is critical in navigating the complex financial landscape of the pharmaceutical industry, supporting international expansion and investment in new drug delivery systems. The Chief Financial Officer ensures compliance with all financial regulations and reporting standards, providing essential insights for strategic decision-making. Pankaj Jhawar's stewardship guides Shilpa Medicare's financial trajectory, supporting its growth in oncology and non-oncology products.

    Vellaian Karuppiah - Chief Operating Officer

    Vellaian Karuppiah, the Chief Operating Officer at Shilpa Medicare, orchestrates the company's manufacturing and operational efficiency. Karuppiah oversees the end-to-end production processes for active pharmaceutical ingredients (APIs), intermediates, and finished formulations, ensuring high standards of quality and compliance. This role is pivotal in managing the supply chain, optimizing production schedules, and implementing advanced manufacturing technologies across facilities in India and internationally. The Chief Operating Officer drives operational excellence, focusing on cost-effectiveness and timely delivery of products, including specialized oncology and non-oncology APIs. Vellaian Karuppiah's leadership ensures the seamless execution of contract manufacturing for diverse dosage forms, from tablets to sterile injectables, supporting Shilpa Medicare's global market presence and commitment to pharmaceutical innovation.
    Vellaian Karuppiah

    Harshawardhan Bal - President, Biopharma Cdmo Licensing & Partnering (Ai Ml Discovery Development & Manufacturing)

    Harshawardhan Bal, the President, Biopharma CDMO Licensing & Partnering (AI ML Discovery Development & Manufacturing) at Shilpa Medicare, spearheads the strategic growth and innovation within the biopharmaceutical contract development and manufacturing organization (CDMO) sector. Bal focuses on forging key licensing agreements and partnerships, leveraging artificial intelligence and machine learning to accelerate drug discovery, development, and manufacturing processes. This leadership position involves identifying and securing collaborations that enhance Shilpa Medicare's capabilities in complex biologics and peptide-based products. Harshawardhan Bal drives the integration of cutting-edge technologies to optimize the CDMO service offering, ensuring clients receive advanced solutions for their pharmaceutical needs. The President's efforts are crucial for expanding Shilpa Medicare's footprint in the global biopharma market through strategic alliances and technological advancements.

    Harsh Bal - President, Cdmo Business (North America )

    Harsh Bal, the President, CDMO Business (North America) at Shilpa Medicare, directs the expansion and operational success of the company's contract development and manufacturing organization services within the North American market. Bal is responsible for driving business growth, managing client relationships, and ensuring the delivery of high-quality pharmaceutical manufacturing solutions across the region. This role involves overseeing the strategic development of CDMO offerings, including specialized dosage forms and sterile injectables, to meet the specific demands of North American pharmaceutical and biotech companies. The President's focus is on enhancing Shilpa Medicare's market penetration and competitive positioning through superior service and product quality. Harsh Bal's leadership ensures alignment with regional market trends and regulatory requirements, solidifying Shilpa Medicare's reputation as a trusted CDMO partner in North America.

    Pv Rao - Chief Human Resources Officer

    Pv Rao, the Chief Human Resources Officer at Shilpa Medicare, leads the strategic development and execution of human capital initiatives. Rao is responsible for talent acquisition, employee development, and fostering a positive organizational culture across Shilpa Medicare's global operations. This critical function ensures the company attracts and retains top talent, essential for driving innovation in pharmaceutical manufacturing and research. The Chief Human Resources Officer oversees employee relations, compensation and benefits, and performance management systems, aligning HR strategies with the company's business objectives. Pv Rao's focus on workforce planning and organizational design supports Shilpa Medicare's expansion into new drug delivery systems and biotech products, ensuring a skilled and motivated team is in place to meet market demands and maintain operational excellence.
    Pv Rao

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    Frequently Asked Questions Regarding Shilpa Medicare Top Executives and Leadership Team

    Who leads Shilpa Medicare?
    Shilpa Medicare is led by Pankaj Jhawar (Chief Financial Officer), along with executives such as Vellaian Karuppiah (Chief Operating Officer) and Harshawardhan Bal (President, Biopharma Cdmo Licensing & Partnering (Ai Ml Discovery Development & Manufacturing)).
    Who is part of Shilpa Medicare’s executive team?
    The executive team of Shilpa Medicare includes leaders such as Pankaj Jhawar (Chief Financial Officer), Vellaian Karuppiah (Chief Operating Officer), Harshawardhan Bal (President, Biopharma Cdmo Licensing & Partnering (Ai Ml Discovery Development & Manufacturing)) and other senior executives.
    How many executives does Shilpa Medicare have?
    Shilpa Medicare has 5 executives leading key business areas.
    What roles are included in Shilpa Medicare’s leadership team?
    The leadership team of Shilpa Medicare includes roles such as Chief Financial Officer, Chief Operating Officer, President, Biopharma Cdmo Licensing & Partnering (Ai Ml Discovery Development & Manufacturing), President, Cdmo Business (North America ), Chief Human Resources Officer.