Kedar Upadhye
Chief Financial Officer, Biocon
Kedar Upadhye is the Chief Financial Officer (CFO) of Biocon, where he is responsible for steering the Company’s financial strategy, strengthening its balance sheet, and supporting sustainable, profitable growth. He leads enterprise-wide fiscal discipline, fundraising initiatives, and serves as a strategic partner in shaping the Company’s long-term value creation agenda.
Kedar has a proven track record of overseeing strong value creation, ensuring robust stewardship, strengthening investor relations and acting as a business enabler, among other areas of influence and impact.
Kedar served as the CFO of Biocon Biologics between November 2023 and March 2026, and was instrumental in the company’s benchmark-sized $800 million bond issuance listed on the Singapore Exchange. One of the largest issuances by an Indian pharma company in the last decade, this fundraising exercise improved liquidity, expanded financial flexibility, and broadened the Company’s investor base with marquee global institutions. He played the role of a capable strategic partner to the Board and management team in driving sustainable cash flows, strong discipline on working capital and expenditure, as well as transparent engagement with the investor community.
Prior to joining Biocon Biologics, he served as CFO of ReNew Energy Global Plc, a NASDAQ-listed decarbonization and renewable energy leader, where he drove value creation and deepened investor engagement across global markets.
Kedar brings more than 23 years of global leadership experience across corporate finance, strategy, accounting, financial planning & analysis, business finance, governance and investor relations at leading pharma, energy and FMCG players such as Cipla, Dr Reddy’s Laboratories, PepsiCo and Thermax.
Earlier, as Global CFO and Head of IT at Cipla, Kedar played a key role in building a robust global finance organization with a focus on capital allocation discipline, governance, risk management, and business partnership, helping the company transition to its next phase of growth and improve its return profile.
Kedar holds an MBA from the Indian Institute of Management, Bangalore (IIM-B) and is a qualified Company Secretary and Cost Accountant.
