The board of directors of Biological E Ltd has appointed Mahima Datla as Managing Director and inducted three new directors on the board.
Biological E is one of the leading Indian vaccine manufacturers based at Hyderabad.
This development comes in the backdrop of the untimely demise of Vijay Kumar Datla, Chairman and Managing Director of the company, on March 20.
According to a statement, the board has inducted Purnima Mantena, Indira P. Raju and Mahima Datla as directors, in addition to the current members G.V. Rao and Renuka Datla.
Mahima Datla, who has been working as Senior Vice-President for the past 16 years, was unanimously elected to take the mantle from her father. She will work as a Managing Director with immediate effect.
Mahima was part of the senior leadership, instrumental in expanding the vaccine business and serves on the board of GAVI (Global Alliance for Vaccines and Immunization).
Established in 1953, Biological E celebrates its Diamond Jubilee this year. It expects to achieve a turnover of over Rs 500 crore this fiscal. The company exports pharmaceuticals and vaccines to more than 50 countries.