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Media
Sustainability
Brands
Board of Directors
Saugata Gupta
Chairman
Saugata Gupta serves as the Managing Director and 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 and in 2014 he took over as Managing Director of the company.
A dynamic leader, he is responsible for driving the company’s growth and strengthening its presence both nationally and internationally. He has helped transform Marico into a high performing business with a commitment to sustainable development and best in class governance.
Known for his performance-oriented approach, Saugata drives Marico to be a future-ready organization committed to consistent profitable and sustainable growth combined with societal value creation. Under his guidance, Marico today has expanded its presence across 25 countries spread across emerging markets of Asia and Africa. During his tenure, Marico’s market capitalisation crossed over USD 8 billion in 2021 and it recorded a turnover of over USD 1 billion in FY20-21.
During this period, Marico has been recognised across various forums for its commitment to sustainability and accountability in business operations. Marico ranked highest amongst FMCG companies in the Crisil ESG performance score - ESGuage 2021 and has been ranked amongst the Top 10 in corporate governance among all constituent companies of the S&P BSE 100 Index. Marico has also been featured in the ‘LEADERSHIP’ category on the IFC-BSE-IiAS Indian Corporate Governance Scorecard as assessed by IiAS in December 2020. 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 is amongst India’s 5 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 the Dare2Compete.
Saugata 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. Recently, Saugata Gupta has been awarded the Distinguished Alumni Award 2022 by Indian Institute of Management Bangalore.
Outside Marico, Saugata is on the board of Ashok Leyland as Independent Director and is a member of Audit Committee, Nomination and Remuneration Committee and ESG Committee. He is also associated with Delhivery as an Independent Director.
Saugata is an alumnus of IIM Bangalore and holds a chemical engineering degree from IIT Kharagpur.
Zakir Ahmed Khan
Independent Director
Zakir Ahmed Khan is a celebrated bureaucrat with an illustrious career as former Finance Secretary to the Government of Bangladesh. Zakir Ahmed Khan did his MA in Economics from the University of Dhaka and MBA from Vrije University, Brussels, Belgium. He also studied Development Economics and Development Administration at the Colorado State University as a Hubert Humphrey Fellow. Before joining the Pakistan Audit and Accounts Service in 1970 he served briefly as a Research Associate in the Bureau of Economic Research and as a Lecturer in Economics, University of Dhaka. He also served as a part time Lecturer in the Department of Finance, University of Dhaka.
During his 46 years of service, Mr. Khan held various senior level positions in the Ministries of Finance, Commerce, Establishment, Energy, Civil Aviation and Tourism, Cabinet Division and Bangladesh Audit and Accounts Department. He served as Finance Secretary and Secretary, Internal Resources Division and Chairman, National Board of Revenue for five years. Prior to his retirement in early 2009, he served as Alternate Executive Director, World Bank representing Bangladesh, Bhutan, India and Srilanka.
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
Sheela R.Rahman
Independent Director
Ms.Sheela R.Rahman is a lawyer with experience in practising and working in Bangladesh since 1990 mainly in the areas of commercial, corporate finance, foreign investment and banking laws. She was in-house legal counsel for a project finance company and a foreign bank, and lead a law office, Maxima.Legal. Since 2020, she is Director Legal & Compliance in BRAC, a large civil society organisation in Bangladesh. Ms.Sheela was a consultant with International Finance Corporation (IFC) for corporate governance advisory services in the South Asia. She worked with corporate boards, SMEs, family owned businesses, financial institutions, institutes and regulators, and experienced in corporate governance assessments, board evaluations, and generally strengthening corporate governance practices. She co-authored a comparison of corporate governance laws in South Asia and a code of corporate governance published by the Bangladesh Enterprise Institute. Ms.Sheela holds an LL.M. degree from University College London, and was called as a barrister-at-law from Lincoln’s Inn. She is an Advocate, Appellate Division, Supreme Court of Bangladesh.
Pawan Agrawal
Director
Pawan is a Chartered Accountant (2000), and a B.Com (Hons) Graduate (1999) from St. Xavier’s college, Calcutta. Pawan has about 2 decades of leadership experience across various finance verticals like Financial Planning & Analysis, Corporate Finance, Treasury, Investor Relations, Taxation & Commercial functions in the FMCG domain.
He joined Marico in 2004 as Regional Operations Manager for South Sales Division in Hyderabad. He has spent over 16 years with Marico and contributed in areas of Business Finance, Strategy Business planning, Cost optimisation, International Business operations, setting up Internal Control architecture, Business Process Transformation and major Taxation transition. Prior to Marico, he worked with Eveready Industries (I) limited for 4 years in Internal Audit and Sales Commercial functions across many locations.
In his 20 years of long career, he has had successful stints in areas of Business Finance and Corporate Finance. Backed by strong leadership skills and experience of managing diverse people, he has managed operations comprising both scale & complexity and has driven transformational change agenda for the organisation.
Ashish Goupal
Director
Ashish Goupal currently serves as the Chief Executive Officer for International Business at Marico Limited. In this role, he oversees the company’s international operations across multiple geographies, including Bangladesh, South-East Asia, the Middle East & North Africa (MENA), South Africa and Exports Markets. Within the Marico Group, he plays a pivotal role as a member of the Executive Committee and serves on the Board of Marico Bangladesh (MBL).
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 with listings 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 role of CEO International Business and will be responsible for driving Marico’s business and people growth journey in international markets.
Throughout his impressive 18+ 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 Jamanalal 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.
Sumitava Basu
Managing Director
Legacy & Expertise
Sumitava Basu brings 25 years of extensive FMCG experience, having held significant roles at Heinz, Perfetti Van Melle, and Himalaya. His profound understanding of the Bangladesh market, honed over a decade, has driven substantial market share growth and notable brand development. Sumitava's leadership is marked by his ability to anticipate market needs and respond proactively, ensuring business success and customer satisfaction.
Strategic Vision
Sumitava's foresight in market trends and proactive responses have guided businesses through seeding, development, and market leadership. His empathetic leadership style has been instrumental in building high-performing teams and fostering a culture of trust, accountability, and continuous improvement. Sumitava's strategic initiatives have consistently led to enhanced business performance and sustainable growth.
Operational Efficiency
Committed to operational efficiency and sustainability, Sumitava continually enhances processes to minimize environmental impact and ensure regulatory compliance. His strategic initiatives are designed to optimize operations while maintaining the highest standards of regulatory adherence. Sumitava's approach to operational excellence ensures that Marico not only meets but exceeds industry standards.
Zakir Ahmed Khan
Independent Director
Zakir Ahmed Khan is a celebrated bureaucrat with an illustrious career as former Finance Secretary to the Government of Bangladesh. Zakir Ahmed Khan did his MA in Economics from the University of Dhaka and MBA from Vrije University, Brussels, Belgium. He also studied Development Economics and Development Administration at the Colorado State University as a Hubert Humphrey Fellow. Before joining the Pakistan Audit and Accounts Service in 1970 he served briefly as a Research Associate in the Bureau of Economic Research and as a Lecturer in Economics, University of Dhaka. He also served as a part time Lecturer in the Department of Finance, University of Dhaka.
During his 46 years of service, Mr. Khan held various senior level positions in the Ministries of Finance, Commerce, Establishment, Energy, Civil Aviation and Tourism, Cabinet Division and Bangladesh Audit and Accounts Department. He served as Finance Secretary and Secretary, Internal Resources Division and Chairman, National Board of Revenue for five years. Prior to his retirement in early 2009, he served as Alternate Executive Director, World Bank representing Bangladesh, Bhutan, India and Srilanka.
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
Sheela R.Rahman
Independent Director
Ms.Sheela R.Rahman is a lawyer with experience in practising and working in Bangladesh since 1990 mainly in the areas of commercial, corporate finance, foreign investment and banking laws. She was in-house legal counsel for a project finance company and a foreign bank, and lead a law office, Maxima.Legal. Since 2020, she is Director Legal & Compliance in BRAC, a large civil society organisation in Bangladesh. Ms.Sheela was a consultant with International Finance Corporation (IFC) for corporate governance advisory services in the South Asia. She worked with corporate boards, SMEs, family owned businesses, financial institutions, institutes and regulators, and experienced in corporate governance assessments, board evaluations, and generally strengthening corporate governance practices. She co-authored a comparison of corporate governance laws in South Asia and a code of corporate governance published by the Bangladesh Enterprise Institute. Ms.Sheela holds an LL.M. degree from University College London, and was called as a barrister-at-law from Lincoln’s Inn. She is an Advocate, Appellate Division, Supreme Court of Bangladesh.
Pawan Agrawal
Director
Pawan is a Chartered Accountant (2000), and a B.Com (Hons) Graduate (1999) from St. Xavier’s college, Calcutta. Pawan has about 2 decades of leadership experience across various finance verticals like Financial Planning & Analysis, Corporate Finance, Treasury, Investor Relations, Taxation & Commercial functions in the FMCG domain.
He joined Marico in 2004 as Regional Operations Manager for South Sales Division in Hyderabad. He has spent over 16 years with Marico and contributed in areas of Business Finance, Strategy Business planning, Cost optimisation, International Business operations, setting up Internal Control architecture, Business Process Transformation and major Taxation transition. Prior to Marico, he worked with Eveready Industries (I) limited for 4 years in Internal Audit and Sales Commercial functions across many locations.
In his 20 years of long career, he has had successful stints in areas of Business Finance and Corporate Finance. Backed by strong leadership skills and experience of managing diverse people, he has managed operations comprising both scale & complexity and has driven transformational change agenda for the organisation.
Ashish Goupal
Director
Ashish Goupal currently serves as the Chief Executive Officer for International Business at Marico Limited. In this role, he oversees the company’s international operations across multiple geographies, including Bangladesh, South-East Asia, the Middle East & North Africa (MENA), South Africa and Exports Markets. Within the Marico Group, he plays a pivotal role as a member of the Executive Committee and serves on the Board of Marico Bangladesh (MBL).
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 with listings 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 role of CEO International Business and will be responsible for driving Marico’s business and people growth journey in international markets.
Throughout his impressive 18+ 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 Jamanalal 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.
Sumitava Basu
Managing Director
Legacy & Expertise
Sumitava Basu brings 25 years of extensive FMCG experience, having held significant roles at Heinz, Perfetti Van Melle, and Himalaya. His profound understanding of the Bangladesh market, honed over a decade, has driven substantial market share growth and notable brand development. Sumitava's leadership is marked by his ability to anticipate market needs and respond proactively, ensuring business success and customer satisfaction.
Strategic Vision
Sumitava's foresight in market trends and proactive responses have guided businesses through seeding, development, and market leadership. His empathetic leadership style has been instrumental in building high-performing teams and fostering a culture of trust, accountability, and continuous improvement. Sumitava's strategic initiatives have consistently led to enhanced business performance and sustainable growth.
Operational Efficiency
Committed to operational efficiency and sustainability, Sumitava continually enhances processes to minimize environmental impact and ensure regulatory compliance. His strategic initiatives are designed to optimize operations while maintaining the highest standards of regulatory adherence. Sumitava's approach to operational excellence ensures that Marico not only meets but exceeds industry standards.