cipla: Leap of faith: how Cipla veteran Nikhil Chopra got JB Pharma out of the woods, on to a growth path

By admin Dec1,2023

Nikhil Chopra, CEO, JB Chemicals and Pharmaceuticals Ltd. Image credit: Special Arrangement

Synopsis

When PE firm KKR took control of JB Pharma in 2020, it was struggling for growth. Competitors had cornered the four legacy brands on which the company relied. Then, Nikhil Chopra, a seasoned hand from Cipla, took over. JB Pharma’s subsequent turnaround is a tale of calculated risks, deft moves, and rebuilding. But the going gets tough from here.

Nikhil Chopra can feel the pulse of the Indian pharmaceutical market. It comes naturally for someone who has worked at Cipla for over 24 years, rising through the ranks, from his humble beginnings as a medical representative in Ahmedabad in 1996 to taking full charge of its India operations in 2003. A consummate marketing professional, Chopra prides in having kept Cipla among India’s three leading drugmakers, after Sun Pharma and Abbott, amid

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