Mr. Dhananjay Mungale

Chairman - Independent Director

Mr. Dhananjay Mungale, 73, is a seasoned banker and finance professional with extensive global experience of investment banking, corporate banking and private banking across Europe and India. Over 25 years he served at leadership positions in Europe and India at Bank of America and DSP Merrill Lynch.

Since 1999 Mr. Mungale serves on the Boards of eminent companies in India as an independent director. Over the period these have included Mahindra Finance, JP Morgan Asset Management, L&T Infra Finance, LIC Housing Finance, Mahindra CIE Automotive, TN Petro Products, DSP Blackrock, Kalpataru Ltd., NOCIL Ltd., Chowgule Steamship etc.

He also serves on Advisory Boards of select private equity organizations and investment committees of family office in India and London.

Mr. Mungale also regularly mentors young talent in the Fintech start-up sector, across India and abroad.

Besides his business and professional achievements, also finds time to work with eminent institutions in educational and not-for-profit domains as a member of their Governing Councils. These have included Mahindra United World Colleges and Oxford Centre for Hindu Studies.

Mr. Mungale is Graduate in Commerce and Law from University of Mumbai, and an Associate Member of the Institute of Chartered Accountants of India.

Mr. Mungale is currently holding Directorship in the following Companies.

  • Kalpataru Projects International Limited
  • Dsp Asset Managers Private Limited
  • Lichfl Asset Management Company Limited
  • Mentor Technologies Private Limited
  • Mahindra Logistics Limited
  • Lavgan Dockyard Private Limited
  • Mahindra Composites Limited
  • I-Nestor Advisors Private Limited


Mr. Rahul Nachane

Managing Director

With 36 years of expertise in the pharmaceutical sector, Mr Nachane brings a wealth of knowledge and experience to the table. As a Chartered Accountant and Master of Management Studies, he has a strong foundation in finance and business management. Since 1992, he has been serving as a full-time Director of the Company, actively involved in operations since 1989. In his role, he held the responsibility for NGL’s marketing, production and general management, ensuring that the Company meets the needs and expectations of all stakeholders, while delivering on strategic objectives.

Mr. Nachane is currently holding Directorship in the following Companies

  • Macrotech Polychem Private Limited
  • Tele Access E-Services Private Limited
  • Nupur Remedies Pvt. Ltd.
  • Vetfar Pharmaceuticals Private Limited


Mr. Rajesh Lawande

Whole-Time Director and CFO

Mr. Rajesh Lawande brings with him 22 years of valuable experience in the pharmaceutical sector. With an M.Sc. in Chemistry from IIT Bombay and a PGDM in Management from IIM Lucknow, he possesses a strong educational background that complements his practical expertise. Since 2002, Mr. Lawande has been actively involved in NGL’s operations, playing a vital role in shaping the Company’s growth trajectory. His responsibilities encompass a wide range of areas, including developing the Company’s research and development activities, exploring new markets and clients, and overseeing sales and manufacturing. With his extensive knowledge and strategic approach, Mr. Lawande is instrumental in driving innovation, expanding market presence and ensuring seamless coordination between different aspects of the Company’s business.

Mr. Lawande is currently holding Directorship in the following companies.

  • Macrotech Polychem Private Limited
  • Nupur Remedies Pvt. Ltd.
  • Vetfar Pharmaceuticals Private Limited

Mr. Jayaram Sitaram

Independent Director

With a rich background in consulting and managerial activities spanning 32 years, Mr. Jayaram brings a wealth of expertise to the organisation. His academic journey includes a bachelor’s degree in mechanical engineering from VJTI in Mumbai, an M.S. in Engineering from Villanova University in the United States and an MBA from the prestigious Wharton Business School at the University of Pennsylvania. Mr. Jayaram has held key leadership roles throughout his career, serving as the former country head of Lionbridge in India, as well as the Managing Director of Praxis Technologies and a Co-founder of Matrix Technologies, Inc. His extensive experience in the industry has equipped him with a deep understanding of strategic consulting, business operations and technological advancements. As a valuable member of the team, Mr. Jayaram contributes his expertise in driving innovation, optimising processes and delivering exceptional results for the Company’s clients. His leadership skills and industry insights are integral to the organisation’s success and growth in the competitive market.

Mr. Jayaram is also a Director in Praxis Business Ventures Private Limited.



Mrs. Sarala Menon

Non-Executive Independent Woman Director

Mrs Menon brings 37 years of invaluable experience in manufacturing and supply chain roles, with a specific focus on industrial operations and management. She holds a degree in Chemical Engineering from the prestigious National Institute of Technology in Warangal, complemented by an MBA from NMIMS in Mumbai, which has equipped her with a strong educational foundation. Throughout her career, Ms Menon has demonstrated a keen dedication to improving production procedures to ensure exceptional customer service, product quality and environmental, occupational health and safety performance. Ms. Menon served as the Executive Vice President of Colgate-Palmolive India, she held the responsibility for the overall management of the Colgate Plants located in Baddi, Goa, Sanand, and Sricity in India. Her strategic leadership and expertise played a crucial role in driving operational excellence and fostering a culture of continuous improvement. Ms Menon’s extensive knowledge and accomplishments in the manufacturing industry contribute significantly to the Company’s success as it strives to deliver exceptional products and services to our valued customers.



Mrs. Ajita Nachane

Non-Executive Woman Director

With a remarkable career spanning 31 years in sales and marketing, Mrs. Nachane brings a wealth of experience to the organisation. Holding a graduate degree in Commerce and a master’s degree in management studies, she possesses a strong educational foundation to support her practical expertise. Notably, Mrs. Nachane is the founder and CEO of Tele Access E-Services Private Limited, a prominent business process outsourcing Company serving the banking, financial services and FMCG sectors. Her entrepreneurial spirit and deep understanding of the industry has been instrumental in the success of her ventures. As part of the Company’s team, Mrs. Nachane contributes her extensive knowledge in sales and marketing to drive its growth, optimise customer engagement and expand its reach in the market. Her strategic vision and leadership skills make her an invaluable asset in shaping the organisation’s future success.

Mrs. Nachane is also a Director at Tele Access E-services Private Limited.


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301, E Square, Subhash Road,
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