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board of directors

Board of Directors

At Marico, our purpose has defined our reason to exist;
we exist not just for our business promoters but for all
our stakeholders. We believe thata life of purpose is
the purpose of life.

Saugata Gupta

Chairman

Career Highlights

Mr. Saugata Gupta, the distinguished Chairman of Marico Bangladesh Limited since 2013, also serves as the Managing Director & Chief Executive Officer of Marico Limited. He joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007. In 2014, he took over as Managing Director of the company.

A dynamic leader, Mr. Gupta is renowned for his transformative leadership, driving Marico to significant growth and expanding its global presence. He has helped transform Marico into a high-performing business with consistent, profitable, and sustainable growth and best-in-class governance. His leadership has fostered a culture of transparency, integrity, and accountability, ensuring Marico's compliance with international standards and strengthening investor confidence.

Known for his performance-oriented approach, Mr. Gupta drives Marico to be a future-ready organization committed to consistent, profitable, and sustainable growth combined with societal value creation. During his tenure, Marico has scaled up its presence to over 25 countries spread across emerging markets of Asia, Africa, and the Middle East.

Over the years, Marico has been recognised across various forums for its commitment to sustainability and accountability in business operations. Marico has also been featured in the ‘LEADERSHIP’ category on the IFC-BSE-IiAS Indian Corporate Governance Scorecard as assessed by IiAS for five consecutive years. Marico ranked 6th among India's most sustainable companies with an A+ rating by SUSTAIN LABS PARIS in association with BW Businessworld and was awarded the Best CSR Practices award at Responsible Business Awards 2021.

Marico was awarded the Economic Times Corporate Citizen of the Year 2022 in recognition of its unwavering commitment towards adopting the highest ESG standards and is among the few Indian companies to be rated “AA” in MSCI’s ESG Ratings.

Marico is amongst India’s five Best Workplaces in FMCG as per Great Place to Work® Institute (India) and one of the 25 Most Desirable Companies To Work For across sectors, as per Dare2Compete.

Mr. Gupta was ranked #4 and #47 in the FMCG sector and Pan-India respectively in the Business Today-PWC list of India’s Top 100 CEOs in 2017 and was ranked as ‘India’s Most Valuable CEOs’ by Businessworld in 2016 and 2018. He has been recognised as the Best CEO - Private Sector at Forbes India Leadership Awards 2019. He was also featured in the Top 100 Business Leaders List 2020 by Impact Digital Power 100 and in 2021. He was recognized as one of India’s Best Leaders in the Times of Crisis 2021 by Great Places to Work. Mr. Saugata Gupta was awarded the Distinguished Alumni Award 2022 by the Indian Institute of Management, Bangalore.

Outside Marico, Mr. Saugata Gupta is on the Board of Ashok Leyland as Independent Director and is a member of the Audit Committee, Nomination and Remuneration Committee, and ESG Committee. He is also associated with Delhivery as an Independent Director and is the Chairman of the Stakeholders Relationship Committee and Nomination and Remuneration Committee and a member of the Merger and Acquisitions Committee.

Mr. Gupta is an alumnus of IIM Bangalore and holds a chemical engineering degree from IIT Kharagpur.

Directorship in Other Entities

  • Marico Limited
  • Marico South East Asia Corporation
  • Marico Middle East FZE
  • Marico South Africa Consumer Care (Pty) Limited
  • Parachute Kalpavriksha Foundation
  • Marico Innovation Foundation
  • Ashok Leyland Limited
  • Delhivery Limited
  • The Advertising Standards Council of India

Sumitava Basu

Managing Director

Career Highlights

Mr. Sumitava Basu joined Marico Bangladesh Limited on December 31, 2023. With a robust 25-year career in the FMCG sector, he has demonstrated remarkable leadership and expertise in driving business growth and organizational transformation. His extensive experience spans top-tier companies like Heinz, Perfetti Van Melle, and Himalaya, with significant contributions in both domestic and international markets, including Bangladesh, Sri Lanka, and India.

Sumitava Basu has a proven track record of leading businesses through seeding, development, and achieving market leadership. His strategic vision has been instrumental in transforming underperforming businesses into profitable entities. He possesses deep insights into the Bangladesh market, honed over 10 years in various strategic and operational roles. His tenure has been marked by substantial market share growth and brand development.

An empathetic leader, Sumitava has successfully built and coached high-performing teams. His efforts in employee engagement and development have fostered a culture of trust, accountability, and teamwork. He believes in empowering his team members and providing them with the tools and opportunities they need to succeed. This approach has resulted in high levels of employee satisfaction and retention, contributing to the overall success of the organizations he has led.

Sumitava has a strong background in enhancing operational efficiency, minimizing environmental impact, and ensuring regulatory compliance. His commitment to long-term business sustainability is evident in his strategic initiatives aimed at optimizing operational processes and reducing the environmental footprint. He understands the importance of balancing business growth with sustainability, ensuring that the company remains compliant with all regulatory requirements while pursuing its growth objectives.

Sumitava Basu holds a Bachelor of Technology in Mechanical Engineering from IIT Kharagpur and completed an Executive Program on Accounting & Finance for Non-Financial Managers from NUS, Singapore. His strong academic background provides a solid foundation for his professional expertise and strategic acumen. Beyond his professional life, Sumitava has a keen interest in sports, current affairs, and cosmology, reflecting his well-rounded personality and curiosity about the world around him.

Sumitava Basu's extensive experience and strategic acumen make him a pivotal leader in driving business growth and organizational excellence at Marico Bangladesh Limited. His commitment to operational efficiency, market leadership, and people development has propelled his teams and organizations towards greater success. Under his leadership, Marico is poised to achieve new heights of success and innovation in the FMCG sector.

With his background and leadership skills, Sumitava Basu is expected to significantly contribute to Marico Bangladesh Limited’s goals. His focus on operational efficiency and sustainable growth, coupled with his dedication to team development, positions the company for continued success and industry leadership. His appointment is seen as a strategic move that will likely drive Marico Bangladesh Limited towards achieving its ambitious business objectives.

Zakir Ahmed Khan

Independent Director

Career Highlights

Mr. Zakir Ahmed Khan was inducted to the Board of Marico Bangladesh Limited on September 22, 2020. He is a distinguished bureaucrat renowned for his exemplary service as the former Finance Secretary to the Government of Bangladesh. With an academic foundation rooted in Economics, Mr. Khan obtained his MA from the University of Dhaka and pursued further studies, earning an MBA from Vrije University, Brussels, Belgium. His quest for knowledge led him to delve into Development Economics and Administration at Colorado State University as a Hubert Humphrey Fellow.

Before embarking on his illustrious bureaucratic journey, Mr. Khan briefly served as a Research Associate at the Bureau of Economic Research and as a Lecturer in Economics at the University of Dhaka. His academic prowess extended to the Department of Finance at the same institution, where he served as a part-time Lecturer.

Throughout his distinguished 40-year career in public service, Mr. Khan held pivotal roles within the Bangladesh Audit and Accounts Department, as well as in key Ministries such as Establishment, Finance, Commerce, and Cabinet Division. Notably, he served as Finance Secretary and Secretary of the Internal Resources Division, as well as Chairman of the National Board of Revenue for approximately five years.

Mr. Khan's expertise transcended national boundaries, as evidenced by his role as a Senior National Consultant in the public sector financial reform program of the Government of Bangladesh. He also served as an External Auditor to esteemed international organizations such as the United Nations, United Nations Development Programme, United Nations Fund for Population Activities, United Nations Industrial Development Organization, and United Nations Economic Commission for Latin America.

Prior to his retirement in early 2009, Mr. Khan contributed significantly to global governance as the Alternate Executive Director representing Bangladesh, Bhutan, India, and Sri Lanka at the World Bank. In addition to his illustrious career in public service, Mr. Khan continues to contribute his expertise as Chairman of Palli Karma-Sahayak Foundation (PKSF) and Pioneer Insurance Limited. He also serves as Director of National Life Insurance Company Limited, National Life Insurance Securities Limited, and the Policy Research Institute (PRI).

Directorship in Other Entities

  • Pioneer Insurance Limited
  • National Life Insurance Company Limited
  • National Life Insurance Securities Limited
  • Policy Research Institute (PRI)

Masud Khan

Independent Director

Career Highlights

Mr. Masud Khan was inducted into the Board of Marico Bangladesh Limited for his second stint as an Independent Director, effective October 27, 2025. He is a distinguished corporate leader with over 45 years of extensive experience across leading multinational and local conglomerates in Bangladesh. He currently serves as the Chairman of Unilever Consumer Care Ltd. (formerly GlaxoSmithKline Bangladesh) and as Chief Advisor to the Board of Crown Cement Group.

Mr. Khan's professional journey includes a remarkable 18-year tenure as the Chief Financial Officer of LafargeHolcim Bangladesh, where he played a pivotal role in the formation of the company and in shaping its financial and strategic direction. Prior to that, he served for two decades in progressively senior finance and leadership roles at British American Tobacco, both in Bangladesh and internationally. In both organizations, Mr. Khan delivered outstanding results and left a legacy of impactful achievements in financial stewardship, corporate governance, and business transformation.

He holds several key governance positions, currently serving as an Independent Director and Chairman of the Audit Committee of Singer Bangladesh and British American Tobacco Bangladesh. He has previously served in similar capacities at Marico Bangladesh and Berger Paints Bangladesh.

An active contributor to the public discourse on economic, business, and professional issues, Mr. Khan is a regular columnist in national newspapers and industry publications. He frequently appears on electronic media and is a sought-after speaker at academic institutions and professional forums including the Institute of Chartered Accountants of Bangladesh (ICAB) and ACCA.

Notably, he has been the top-ranked guest lecturer at the Institute of Chartered Accountants of Bangladesh (ICAB) for the past 45 years—a passion he continues to pursue despite his demanding professional commitments, driven by his deep belief in mentoring and shaping the next generation of business and finance leaders.

He also serves as a Shareholder Director of Edge Research and Consultancy and as an
Advisor to Edge Asset Management.

Mr. Khan earned his Bachelor of Commerce (Honours) degree from St. Xavier’s College under the University of Calcutta. He qualified with distinction as both a Chartered Accountant and a Cost and Management Accountant from the Indian institutes, securing a national silver medal in the CA examination in 1977. He is also a Fellow of CPA Australia (formerly CMA Australia and New Zealand).

Directorship in Other Entities

  • Unilever Consumer Care Limited
  • Singer Bangladesh Limited
  • British American Tobacco Bangladesh Company Limited
  • Edge Ventures Limited

Sheela Rubina Rahman

Independent Director

Career Highlights

Ms. Sheela Rubina Rahman joined the Board of Marico Bangladesh Limited on June 05, 2022. She is a legal professional in Bangladesh, qualified as an Advocate in the Appellate Division of the Supreme Court of Bangladesh and was called to the Bar of England and Wales as a Barrister-at-law from London, England. She has experience as in-house counsel, litigator, and arbitration counsel. With a rich and diverse background, she brings extensive experience from both the private sector, international organisations, and non-governmental organisations.

Currently serving as the Director of Legal & Compliance at BRAC, a prominent civil society organization in Bangladesh, Ms. Rahman is in charge of general legal and compliance support for the organization and its development activities and social enterprises, and oversees nationwide litigation management. In addition, she serves as an Independent Director on the Board of Apex Footwear Limited since January 2025.

Ms. Rahman's professional journey encompasses various roles, including serving as in-house legal counsel for a project finance company and a foreign bank. Her leadership skills were further honed as she led a law office, Maxima Legal, rendering legal professional services on banking, corporate finance, and commercial matters. She was also a consultant to multilateral organisations, including the International Finance Corporation (IFC), where she provided legal expert advisory services on corporate governance work and assessments for various types of enterprises in the South Asian region, complementing board oversight on environmental and social matters.

Ms. Rahman co-authored a comprehensive comparison of corporate governance laws in South Asia and a code of corporate governance published by the Bangladesh Enterprise Institute, reflecting her deep understanding and commitment to promoting best practices in corporate governance.

With her wealth of experience and dedication to upholding legal standards, Ms. Rahman continues to make significant contributions to the legal landscape of Bangladesh.

Directorship in Other Entities

  • Apex Footwear Limited

Pawan Agrawal

Director

Career Highlights

Pawan Agrawal is the Group CFO and CEO - International Business (Rest of South Asia and SE Asia) and is responsible for leading the business of Marico Southeast Asia and Marico Bangladesh.

Pawan Agrawal is entrusted with the organization’s financial well-being. He has played a key role in driving business growth, enhancing operational performance, and supporting the development of long-term financial strategies. With more than two decades of experience, Pawan has worked across various finance verticals, including Financial Planning & Analysis, Corporate Finance, Treasury, Investor Relations, Taxation, Commercial, and Corporate Governance functions.

Pawan joined Marico in 2004 as the Regional Operations Manager for the South Sales Division in Hyderabad. Over the past 20 years, he has contributed extensively to several key areas in Finance and Business while handling scale and complexity. He has been instrumental in executing Marico's diversification strategy, notably facilitating the acquisitions of digital-first brands such as Beardo, Just Herbs, True Elements, and Plix. He has also been pivotal in driving several Corporate Governance initiatives and anchoring discussions at the Board level.

Pawan was awarded CFO of the Year in the Consumer Sector category at the 3rd Edition of the CII CFO Excellence Awards 2023‐24. He was also felicitated with The Financial Express CFO of the Year Award 2020 under the Large Enterprises Category in the Manufacturing Sector. Under his leadership, Marico has been ranked in the ‘LEADERSHIP’ category on the IiAS Indian Corporate Governance Scorecard for five consecutive years and was awarded ‘Best Governed Company in Listed Segment: Medium Category’ at the 23rd ICSI National Awards for Excellence in Corporate Governance 2023.

Before joining Marico, Pawan worked with Eveready Industries (I) Limited for four years, focusing on Internal Audit and Sales Commercial functions. He is a Chartered Accountant and holds a B.Com (Hons) degree from St. Xavier’s College, Calcutta.

Directorship in Other Entities

  • Marico Middle East FZE
  • Marico South East Asia Corporation
  • Marico Malaysia Sdn. Bhd.
  • Marico South Africa Consumer Care (Pty) Limited
  • Marico South Africa (Pty) Limited

Ashish Goupal

Director

Career Highlights

Ashish Goupal serves as the Nominee Director on the Board of Marico Bangladesh Limited since 2018. He is also the Chief Executive Officer – India Core Business of Marico Limited, responsible for the integrated business structure in India across categories of Foods, Personal Care, and Skin Care.

Prior to this, Ashish has led the company’s international operations across multiple geographies, including Bangladesh, South-East Asia, the Middle East & North Africa (MENA), South Africa, and Export Markets. Within the Marico Group, he plays a pivotal role as a member of the Executive Committee.

His journey with Marico began in 2006 when he joined Marico India as Area Sales Manager. Over the years, Ashish consistently demonstrated outstanding leadership and was subsequently appointed as the Managing Director of Marico Bangladesh Limited (MBL) in July 2018. Under his leadership, MBL, listed on the Dhaka and Chittagong Stock Exchanges since 2009, has rapidly emerged as one of the most dynamic and fast-growing FMCG companies in Bangladesh. In February 2022, Ashish assumed the role of COO for the Middle East & North Africa (MENA) business, as well as New Country Development (NCD) business, in addition to his responsibilities in Bangladesh. In October 2023, Ashish assumed the role of CEO - International Business and was responsible for driving Marico’s business and people growth journey in international markets. Effective April 01, 2025, he has transitioned as the CEO - India Core Business.

Throughout his impressive 19+ years at Marico, Ashish excelled and delivered remarkable results in various domains, including Revenue Management, Brand Management, New Product Development, Trade Marketing, Shopper Marketing, and Demand Planning. He has successfully introduced new brands and spearheaded transformative initiatives in areas such as Business Transformation, Talent Value Proposition, Governance & Sustainability, and Cost Management.

Under Ashish's leadership, Marico Bangladesh achieved the significant milestone of crossing the 1000 Crores business mark. The company also earned numerous industry accolades for its outstanding brands, exemplary corporate governance, and contributions to corporate social responsibility in Bangladesh.

He holds a degree from the Jamnalal Bajaj Institute of Management Studies and started his career as a management trainee with the global consumer durable leader, Samsung, in 2004.

Beyond his commitments at Marico, Ashish has held positions on the boards of prominent organizations, including the American School of Dhaka, FICCI Bangladesh, and the Indo-Bangla Chamber of Commerce, further exemplifying his dedication to community and industry involvement.

Directorship in Other Entities

  • MBL Industries Limited
  • Marico Middle East FZE
  • Marico (Lanka) Private Limited
  • Marico Gulf LLC
  • MEL Consumer Care S.A.E.
  • Marico Egypt for Industries S.A.E.
  • Marico for Consumer Care Products S.A.E.

Sumitava Basu

Managing Director

Career Highlights

Mr. Sumitava Basu joined Marico Bangladesh Limited on December 31, 2023. With a robust 25-year career in the FMCG sector, he has demonstrated remarkable leadership and expertise in driving business growth and organizational transformation. His extensive experience spans top-tier companies like Heinz, Perfetti Van Melle, and Himalaya, with significant contributions in both domestic and international markets, including Bangladesh, Sri Lanka, and India.

Sumitava Basu has a proven track record of leading businesses through seeding, development, and achieving market leadership. His strategic vision has been instrumental in transforming underperforming businesses into profitable entities. He possesses deep insights into the Bangladesh market, honed over 10 years in various strategic and operational roles. His tenure has been marked by substantial market share growth and brand development.

An empathetic leader, Sumitava has successfully built and coached high-performing teams. His efforts in employee engagement and development have fostered a culture of trust, accountability, and teamwork. He believes in empowering his team members and providing them with the tools and opportunities they need to succeed. This approach has resulted in high levels of employee satisfaction and retention, contributing to the overall success of the organizations he has led.

Sumitava has a strong background in enhancing operational efficiency, minimizing environmental impact, and ensuring regulatory compliance. His commitment to long-term business sustainability is evident in his strategic initiatives aimed at optimizing operational processes and reducing the environmental footprint. He understands the importance of balancing business growth with sustainability, ensuring that the company remains compliant with all regulatory requirements while pursuing its growth objectives.

Sumitava Basu holds a Bachelor of Technology in Mechanical Engineering from IIT Kharagpur and completed an Executive Program on Accounting & Finance for Non-Financial Managers from NUS, Singapore. His strong academic background provides a solid foundation for his professional expertise and strategic acumen. Beyond his professional life, Sumitava has a keen interest in sports, current affairs, and cosmology, reflecting his well-rounded personality and curiosity about the world around him.

Sumitava Basu's extensive experience and strategic acumen make him a pivotal leader in driving business growth and organizational excellence at Marico Bangladesh Limited. His commitment to operational efficiency, market leadership, and people development has propelled his teams and organizations towards greater success. Under his leadership, Marico is poised to achieve new heights of success and innovation in the FMCG sector.

With his background and leadership skills, Sumitava Basu is expected to significantly contribute to Marico Bangladesh Limited’s goals. His focus on operational efficiency and sustainable growth, coupled with his dedication to team development, positions the company for continued success and industry leadership. His appointment is seen as a strategic move that will likely drive Marico Bangladesh Limited towards achieving its ambitious business objectives.

Zakir Ahmed Khan

Independent Director

Career Highlights

Mr. Zakir Ahmed Khan was inducted to the Board of Marico Bangladesh Limited on September 22, 2020. He is a distinguished bureaucrat renowned for his exemplary service as the former Finance Secretary to the Government of Bangladesh. With an academic foundation rooted in Economics, Mr. Khan obtained his MA from the University of Dhaka and pursued further studies, earning an MBA from Vrije University, Brussels, Belgium. His quest for knowledge led him to delve into Development Economics and Administration at Colorado State University as a Hubert Humphrey Fellow.

Before embarking on his illustrious bureaucratic journey, Mr. Khan briefly served as a Research Associate at the Bureau of Economic Research and as a Lecturer in Economics at the University of Dhaka. His academic prowess extended to the Department of Finance at the same institution, where he served as a part-time Lecturer.

Throughout his distinguished 40-year career in public service, Mr. Khan held pivotal roles within the Bangladesh Audit and Accounts Department, as well as in key Ministries such as Establishment, Finance, Commerce, and Cabinet Division. Notably, he served as Finance Secretary and Secretary of the Internal Resources Division, as well as Chairman of the National Board of Revenue for approximately five years.

Mr. Khan's expertise transcended national boundaries, as evidenced by his role as a Senior National Consultant in the public sector financial reform program of the Government of Bangladesh. He also served as an External Auditor to esteemed international organizations such as the United Nations, United Nations Development Programme, United Nations Fund for Population Activities, United Nations Industrial Development Organization, and United Nations Economic Commission for Latin America.

Prior to his retirement in early 2009, Mr. Khan contributed significantly to global governance as the Alternate Executive Director representing Bangladesh, Bhutan, India, and Sri Lanka at the World Bank. In addition to his illustrious career in public service, Mr. Khan continues to contribute his expertise as Chairman of Palli Karma-Sahayak Foundation (PKSF) and Pioneer Insurance Limited. He also serves as Director of National Life Insurance Company Limited, National Life Insurance Securities Limited, and the Policy Research Institute (PRI).

Directorship in Other Entities

  • Pioneer Insurance Limited
  • National Life Insurance Company Limited
  • National Life Insurance Securities Limited
  • Policy Research Institute (PRI)

Masud Khan

Independent Director

Career Highlights

Mr. Masud Khan was inducted into the Board of Marico Bangladesh Limited for his second stint as an Independent Director, effective October 27, 2025. He is a distinguished corporate leader with over 45 years of extensive experience across leading multinational and local conglomerates in Bangladesh. He currently serves as the Chairman of Unilever Consumer Care Ltd. (formerly GlaxoSmithKline Bangladesh) and as Chief Advisor to the Board of Crown Cement Group.

Mr. Khan's professional journey includes a remarkable 18-year tenure as the Chief Financial Officer of LafargeHolcim Bangladesh, where he played a pivotal role in the formation of the company and in shaping its financial and strategic direction. Prior to that, he served for two decades in progressively senior finance and leadership roles at British American Tobacco, both in Bangladesh and internationally. In both organizations, Mr. Khan delivered outstanding results and left a legacy of impactful achievements in financial stewardship, corporate governance, and business transformation.

He holds several key governance positions, currently serving as an Independent Director and Chairman of the Audit Committee of Singer Bangladesh and British American Tobacco Bangladesh. He has previously served in similar capacities at Marico Bangladesh and Berger Paints Bangladesh.

An active contributor to the public discourse on economic, business, and professional issues, Mr. Khan is a regular columnist in national newspapers and industry publications. He frequently appears on electronic media and is a sought-after speaker at academic institutions and professional forums including the Institute of Chartered Accountants of Bangladesh (ICAB) and ACCA.

Notably, he has been the top-ranked guest lecturer at the Institute of Chartered Accountants of Bangladesh (ICAB) for the past 45 years—a passion he continues to pursue despite his demanding professional commitments, driven by his deep belief in mentoring and shaping the next generation of business and finance leaders.

He also serves as a Shareholder Director of Edge Research and Consultancy and as an
Advisor to Edge Asset Management.

Mr. Khan earned his Bachelor of Commerce (Honours) degree from St. Xavier’s College under the University of Calcutta. He qualified with distinction as both a Chartered Accountant and a Cost and Management Accountant from the Indian institutes, securing a national silver medal in the CA examination in 1977. He is also a Fellow of CPA Australia (formerly CMA Australia and New Zealand).

Directorship in Other Entities

  • Unilever Consumer Care Limited
  • Singer Bangladesh Limited
  • British American Tobacco Bangladesh Company Limited
  • Edge Ventures Limited

Sheela Rubina Rahman

Independent Director

Career Highlights

Ms. Sheela Rubina Rahman joined the Board of Marico Bangladesh Limited on June 05, 2022. She is a legal professional in Bangladesh, qualified as an Advocate in the Appellate Division of the Supreme Court of Bangladesh and was called to the Bar of England and Wales as a Barrister-at-law from London, England. She has experience as in-house counsel, litigator, and arbitration counsel. With a rich and diverse background, she brings extensive experience from both the private sector, international organisations, and non-governmental organisations.

Currently serving as the Director of Legal & Compliance at BRAC, a prominent civil society organization in Bangladesh, Ms. Rahman is in charge of general legal and compliance support for the organization and its development activities and social enterprises, and oversees nationwide litigation management. In addition, she serves as an Independent Director on the Board of Apex Footwear Limited since January 2025.

Ms. Rahman's professional journey encompasses various roles, including serving as in-house legal counsel for a project finance company and a foreign bank. Her leadership skills were further honed as she led a law office, Maxima Legal, rendering legal professional services on banking, corporate finance, and commercial matters. She was also a consultant to multilateral organisations, including the International Finance Corporation (IFC), where she provided legal expert advisory services on corporate governance work and assessments for various types of enterprises in the South Asian region, complementing board oversight on environmental and social matters.

Ms. Rahman co-authored a comprehensive comparison of corporate governance laws in South Asia and a code of corporate governance published by the Bangladesh Enterprise Institute, reflecting her deep understanding and commitment to promoting best practices in corporate governance.

With her wealth of experience and dedication to upholding legal standards, Ms. Rahman continues to make significant contributions to the legal landscape of Bangladesh.

Directorship in Other Entities

  • Apex Footwear Limited

Pawan Agrawal

Director

Career Highlights

Pawan Agrawal is the Group CFO and CEO - International Business (Rest of South Asia and SE Asia) and is responsible for leading the business of Marico Southeast Asia and Marico Bangladesh.

Pawan Agrawal is entrusted with the organization’s financial well-being. He has played a key role in driving business growth, enhancing operational performance, and supporting the development of long-term financial strategies. With more than two decades of experience, Pawan has worked across various finance verticals, including Financial Planning & Analysis, Corporate Finance, Treasury, Investor Relations, Taxation, Commercial, and Corporate Governance functions.

Pawan joined Marico in 2004 as the Regional Operations Manager for the South Sales Division in Hyderabad. Over the past 20 years, he has contributed extensively to several key areas in Finance and Business while handling scale and complexity. He has been instrumental in executing Marico's diversification strategy, notably facilitating the acquisitions of digital-first brands such as Beardo, Just Herbs, True Elements, and Plix. He has also been pivotal in driving several Corporate Governance initiatives and anchoring discussions at the Board level.

Pawan was awarded CFO of the Year in the Consumer Sector category at the 3rd Edition of the CII CFO Excellence Awards 2023‐24. He was also felicitated with The Financial Express CFO of the Year Award 2020 under the Large Enterprises Category in the Manufacturing Sector. Under his leadership, Marico has been ranked in the ‘LEADERSHIP’ category on the IiAS Indian Corporate Governance Scorecard for five consecutive years and was awarded ‘Best Governed Company in Listed Segment: Medium Category’ at the 23rd ICSI National Awards for Excellence in Corporate Governance 2023.

Before joining Marico, Pawan worked with Eveready Industries (I) Limited for four years, focusing on Internal Audit and Sales Commercial functions. He is a Chartered Accountant and holds a B.Com (Hons) degree from St. Xavier’s College, Calcutta.

Directorship in Other Entities

  • Marico Middle East FZE
  • Marico South East Asia Corporation
  • Marico Malaysia Sdn. Bhd.
  • Marico South Africa Consumer Care (Pty) Limited
  • Marico South Africa (Pty) Limited

Ashish Goupal

Director

Career Highlights

Ashish Goupal serves as the Nominee Director on the Board of Marico Bangladesh Limited since 2018. He is also the Chief Executive Officer – India Core Business of Marico Limited, responsible for the integrated business structure in India across categories of Foods, Personal Care, and Skin Care.

Prior to this, Ashish has led the company’s international operations across multiple geographies, including Bangladesh, South-East Asia, the Middle East & North Africa (MENA), South Africa, and Export Markets. Within the Marico Group, he plays a pivotal role as a member of the Executive Committee.

His journey with Marico began in 2006 when he joined Marico India as Area Sales Manager. Over the years, Ashish consistently demonstrated outstanding leadership and was subsequently appointed as the Managing Director of Marico Bangladesh Limited (MBL) in July 2018. Under his leadership, MBL, listed on the Dhaka and Chittagong Stock Exchanges since 2009, has rapidly emerged as one of the most dynamic and fast-growing FMCG companies in Bangladesh. In February 2022, Ashish assumed the role of COO for the Middle East & North Africa (MENA) business, as well as New Country Development (NCD) business, in addition to his responsibilities in Bangladesh. In October 2023, Ashish assumed the role of CEO - International Business and was responsible for driving Marico’s business and people growth journey in international markets. Effective April 01, 2025, he has transitioned as the CEO - India Core Business.

Throughout his impressive 19+ years at Marico, Ashish excelled and delivered remarkable results in various domains, including Revenue Management, Brand Management, New Product Development, Trade Marketing, Shopper Marketing, and Demand Planning. He has successfully introduced new brands and spearheaded transformative initiatives in areas such as Business Transformation, Talent Value Proposition, Governance & Sustainability, and Cost Management.

Under Ashish's leadership, Marico Bangladesh achieved the significant milestone of crossing the 1000 Crores business mark. The company also earned numerous industry accolades for its outstanding brands, exemplary corporate governance, and contributions to corporate social responsibility in Bangladesh.

He holds a degree from the Jamnalal Bajaj Institute of Management Studies and started his career as a management trainee with the global consumer durable leader, Samsung, in 2004.

Beyond his commitments at Marico, Ashish has held positions on the boards of prominent organizations, including the American School of Dhaka, FICCI Bangladesh, and the Indo-Bangla Chamber of Commerce, further exemplifying his dedication to community and industry involvement.

Directorship in Other Entities

  • MBL Industries Limited
  • Marico Middle East FZE
  • Marico (Lanka) Private Limited
  • Marico Gulf LLC
  • MEL Consumer Care S.A.E.
  • Marico Egypt for Industries S.A.E.
  • Marico for Consumer Care Products S.A.E.