SPARC, Sun Pharma Advanced Research Company Limited, on March 27, 2026, disclosed a senior-management reshuffle. The Board, acting on the recommendation of the Nomination and Remuneration Committee, accepted the resignation of Shravanti Bhowmik from the role of Vice President, Operations Management, effective close of business on March 31, 2026. In the same communication, the Board approved the appointment of Narendra Lakkad as Head – Corporate Development and Operations Management, to be designated as Senior Management Personnel with effect from April 1, 2026. The changes are part of SPARC’s ongoing leadership transition aimed at strengthening core operations and strategic development functions.
Shravanti Bhowmik’s departure marks the end of her tenure as Vice President, Operations Management, a position she held as a member of SPARC’s senior-management cadre. While the release does not detail her specific contributions, her exit closes a chapter in SPARC’s operations leadership and creates an opening for a senior leadership role focused on integrating corporate development with daily operations.
Narendra Lakkad steps into a role that blends corporate development with operations management, drawing on a long career across the Sun Pharma group and SPARC. Lakkad holds a Master’s degree in Pharmacology from LM College of Pharmacy, Ahmedabad. His professional journey spans early sales and marketing work at Sun Pharma’s SPIL, strategic leadership in SPARC from 2014 to 2018 as Vice President & Head – Global Business Development, Investor Relations & Corporate Communications, and leadership stints at Sun Pharmaceutical Industries Ltd. most recently as Vice President & Head – Program Management & Alliance Management (Specialty Portfolio) until 2023. Earlier in his career, he served as Principal Advisor at the Shantilal Shanghvi Foundation. As head of Corporate Development and Operations Management, his track record positions him to steer SPARC’s growth-oriented initiatives and cross-functional programs.
This leadership move underscores SPARC’s emphasis on aligning its operational engine with strategic growth initiatives, signaling a continued focus on integrating development programs with execution capacity.