Bangalore-based biotechnology company Biocon Ltd's president (marketing) Rakesh Bamzai has quit the firm, as per a company disclosure.
Bamzai started his career with Venky’s (India) Ltd in 1989. He moved to Agritech Foods Ltd as the processing plant manager and prior to joining Biocon in 1995 was general manager (marketing) at Advanced Biochemicals Ltd.
In 1999 he became the director of Marketing Helix, a Biocon subsidiary set up for pharmaceutical API (Active Pharmaceutical Ingredients) sales. In April 2001, Helix was merged with Biocon and Bamzai was designated vice-president, group marketing, of the firm. In 2006, he became the president, group marketing.
"In his 19 years with the company, Rakesh has played a pivotal role in Biocon's evolution from a leading enzymes company to a global bio pharmaceutical enterprise of great repute. As part of the core management of the company, Rakesh was instrumental in creating Biocon's global footprint and building a team of capable individuals to take up higher challenges in the organisation," said Kiran Mazumdar-Shaw, chairperson and managing director, Biocon.
Established in 1978, Biocon is India's largest and one of the top Asian biotechnology companies with a strategic focus on biopharmaceuticals and research services.
(Edited by Joby Puthuparampil Johnson)