Board of Directors
The Board of Directors Consist of the following Directors as of the date of this offering circular and the following table sets forth information regarding such Directors.

Mr. Jagdish Saxena - Chairman and Managing Director Aged 68, is the Chairman and Managing Director. He is a science graduate from Delhi University, and has wide and comprehensive experience in the fields of production, sales, marketing and distribution, foreign tie-ups, new product identification, development and launch of new product and product management. He has spent over three and a half decades working in the pharmaceutical industry. The Government of Maharashtra appointed him as a Special Executive Magistrate in 1982. Mr. Alok Saxena - Whole Time Director Aged 42, has an MBA from National Institute of Management, holds a number of memberships of professional bodies from India and abroad such as the Institute of Management (U.K.), the Institute of Sales and Marketing Management (U.K.), the Singapore Institute of Management (Singapore) and the Institute of Directors (U.K.). He is the son of Mr. Jagdish Saxena, and has been associated with the company from its inception. He has wide and varied experience and exposure and looks after the international operations of our company. Mr. M. V. Thomas - Director (Finance) Aged 57, is a chartered accountant by qualification. He is is one of the founding Directors of our company. He has been associated with our company since 1987 as Director. Mr. Thomas has extensive knowledge and experience in the fields of finance, accounts, costing, budgeting ,budgetary controls and taxation. Mr. Yusuf Karim Khan - Executive Director Aged 45, is an arts and law graduate from Allahabad University and has worked with the Bank of Oman. He has vast knowledge of treasury operations and banking and looks after banking relationships. Dr. R. Srinivasan - Non- Executive Director Aged 76 years, has a doctorate (in Banking & Finance) from the University of Bombay, is a Certified Associate of the Indian Institute of Bankers, and is a fellow of the Institute of Bankers. He is a Financial Consultant by profession. He is a former Chairman and Managing Director of the Bank of India, one of India's large nationalized banks and is currently a financial consultant. Dr. Joginder Singh Juneja - Non- Executive Director Aged 70, has an M.B.A. from the University of Oregon, USA and a PhD in Applied Economics from the University of Bombay. He is also a national and international consultant and has author in the field of management. He has been the recipient of a number of National and International awards, including the international Legion of Honour award for the period 1993-95 by WASME at the international conference held at Cairo in 1995, 1992 IIM Top Professional Manager of the year Gold Award, Shiromani Award (1987), and the Udyog Ratan award (1986). Dr. Sailendra Narain - Non- Executive Director Aged 67, holds a post graduate degree in economics and sociology is a certified associate of the Indian Institute of Bankers and has a Ph.D. in Humanity from the University of Patna. Professionally he is a national and international financial consultant. Dr. Narain is a former Chairman and a Managing Director of the Small Industries Development Bank of India, an Apex Bank of India in the field of development, financing and promotion of small scale enterprises. Dr. S. Jayaram - Non- Executive Director Aged 58 years, holds a post graduate degree in Medicine from the University of Bombay and is a leading medical practitioner in Mumbai. He is attached to some of the well known hospitals in Mumbai and is also an Honorary Professor of Medicine at the Grant Medical College, Mumbai. Mr. Salim Shervani - Non- Executive Director Aged 54, is a gold medalist in economics from the University of Aligarh. He is an industrialist and a sitting member of the Indian Parliament and has served on various committees of the Indian Parliament. Mr. Peter Charles Bibby - Non- Executive Director Aged 62, is a graduate in science and presently runs his own business in drugs and pharmaceutical products in the U.K. He possesses more than 30 years of varied experience in the field of international pharmaceutical marketing. He has previously worked in senior capacities with Revlon Group, Roussel Labs and Reckitt & Coleman Group. Mr. Edoardo Richter - Non- Executive Director Aged 54, works as an authorized representative of Aziende Chimiche Riunite Angelini Francesco A.C.R.A.F. S.p.A, Italy. He is also a councilman of Angenirico S.p.A, Italy A.C.R.A.F. International S.A. and a general manager of CSC Pharmaceuticals Handles GmbH. In his various positions mentioned above, his gathered vast knowledge of experience in Pharmaceutical marketing. Mr. Michael Bastian - Non- Executive Director Aged 63, is commerce graduate and a fellow of the Institute of Chartered accountants of India. He has three decades of banking experience in various capacities and retired in 2004 as the Chairman and Managing Director of Syndicate Bank, one of the largest banks in India. Previously he was an executive director of Vijaya Bank, also a large nationalized bank, a director of merchant bankers of India and vice chairman of the Foreign Exchange Dealers Association of India. Presently he practices as a consultant for financial restructuring / advice on financial matters.