Fermenta Biotech names Prashant Nagre as MD

Krishna Datla, Promoter and Managing Director, Fermenta Biotech Limited (FBL) has announced the appointment of Prashant Nagre, Chief Executive Officer, FBL as the new Managing Director with effect from May 9, 2021. Datla will continue as a Board member and the Executive Vice Chairman. Prashant Nagre joined Thane-based FBL in 2010 as the Chief Operating Officer and in two years, was elevated to the position of Chief Executive Officer. Since then, he has led corporate strategy, business operations and demand-driven innovation for FBL’s three business verticals viz, Vitamin D and other APIs, Integrated Biotechnology and Environmental Solutions. Under the leadership of Datla, during Nagre’s tenure,

FBL has expanded from a solely domestic-focused business to a global vitamin player, with more than 70 per cent of revenues now arising from exports. Nagre will also be responsible for steering the company’s efforts to foray into the nutrition segment by developing a futureready organisation with a value-added portfolio.