Board of Directors

Rajiv Mistry
Rajiv Mistry
Founder & CMD, Ascent Meditech Ltd.
RM

Rajiv Mistry

Founder & CMD, Ascent Meditech Ltd.

He established Ascent Meditech Ltd. in 1991 with a vision to provide accessible, high-quality healthcare products. He introduced the Flamingo Heat Belt at a time when electric heat therapy was virtually unknown in India. Today, Flamingo serves over 30 million customers and offers a portfolio of more than 500 SKUs across diverse healthcare categories.
Mr. Mistry led Ascent’s expansion by establishing a modern manufacturing facility in Valsad in 2018 and forming Ascent Sigmax Sportsmeds Pvt. Ltd. in 2021 through a joint venture with Japan’s Nippon Sigmax Co. Ltd. This venture introduced Zamst and GoChamps, offering world-class sports support solutions tailored for Indian athletes. He also launched Florican, a premium brand for international markets.
Beyond Ascent, Mr. Mistry serves as an Independent Director with DOMS Industries Pvt. Ltd. and Badshah Masala, and leads social initiatives through the Mansi Mistry Foundation.

Ajay Shah
Ajay Shah
Non-Executive Director
Ajay

Ajay Shah

Non-Executive Director, Ascent Meditech Ltd.

Mr. Ajay Shah has been closely associated with Ascent Meditech since its inception, bringing over 25 years of expertise in finance, taxation, and regulatory advisory. A Law Graduate by qualification, he has played a pivotal role in guiding the organization through its financial and compliance frameworks over the years.
In addition to his responsibilities at Ascent, Mr. Shah has held key positions and contributed actively to various industry associations, educational institutions, trade committees, and chambers of commerce. His diverse experience and strategic insight continue to add strong governance value to the company’s board.

Leadership Team

Shyam Sivaramakrishnan
Shyam Sivaramakrishnan
Chief Financial Officer
Shyam

Shyam Sivaramakrishnan

Chief Financial Officer, Ascent Meditech Ltd.

Mr. Shyam Sivaramakrishnan is the Chief Financial Officer of Ascent Meditech Ltd., bringing over two decades of diverse industry experience across auto components, healthcare, agri-products, laminates, and FMCG. A Chartered Accountant with a Master’s in Finance from the Indian School of Business, Hyderabad, he joined Ascent in 2021 to lead the company’s financial strategy, governance, and growth agenda.
In his prior roles, Mr. Shyam has successfully led complex mergers and acquisitions, divestments, risk and portfolio management initiatives, and has been instrumental in driving change management and corporate transformation. Known for his structured thinking and proactive approach, he is deeply focused on building financial resilience, streamlining systems, and ensuring sustainable profitability.
Outside of his corporate responsibilities, he is actively involved in philanthropic initiatives through a Nasik-based NGO, contributing to areas such as child education, rural development, girl child empowerment, and environmental conservation. His leadership reflects a strong blend of financial discipline and social consciousness.

Manali Shah
Manali Shah
AGM - Marketing
Manali

Manali Shah

AGM – Marketing

Mrs. Manali U. Shah leads the marketing function at Ascent Meditech with over 12+ years of experience across the healthcare, pharmaceutical, and medical technology sectors. Her professional journey spans around Fortune 500 multinational corporations and prominent Indian healthcare organizations, prior to joining Ascent Meditech, Mrs. Shah has held key positions with Eli Lilly, Johnson & Johnson, Smith & Nephew, Meril Life Sciences, and Healthium Medtech, contributing to Mrs. Manali U. Shah holds a Degree in Pharmacy, MBA in Business Administration, and is an alumna of the Indian School of Business (ISB), Hyderabad, with a specialization in Digital Marketing Combining strong domain expertise with Strategic marketing initiatives and Digital capabilities, expertise in P&L management, cross-functional collaboration, and commercial excellence across channels and geographies
At Ascent Meditech, her leadership philosophy is rooted in customer centricity, strategic thinking, and execution excellence, enabling long-term growth and value creation. She leverages this multifaceted expertise to lead data-driven marketing campaigns, empower high-performing field teams, and advance the brand’s mission toward creating a pain-free world.

Swati Singh
Swati Singh
General Manager - Digital Growth & E-Commerce
swati

Swati Singh

General Manager – Digital Growth & E-Commerce

Mrs. Swati Singh leads the Marketing function at Ascent Meditech, bringing over 12 years of diverse experience across the pharmaceutical, skincare, consumer goods, and digital sectors. With a strong background in brand strategy, storytelling, and digital transformation, she has built and elevated brands both in India and internationally.
An alumna of IIM Calcutta and a graduate in Mass Media, Mrs. Singh combines analytical insight with creative acumen to craft brand narratives that are data-driven, audience-focused, and impact-oriented. She has successfully led high-performing campaigns and digital growth initiatives for prominent brands including Flamingo, Bioderma, BabyChakra, Mac Cosmetics, ID Fresh, Jubilant, and Gyans, among others.
At Ascent, she is responsible for shaping integrated marketing strategies, strengthening brand equity, and accelerating e-commerce presence. Her approach is rooted in understanding consumer behavior, delivering meaningful messaging, and fostering brand connection and loyalty.
Passionate about driving brand impact through innovation and insight, Mrs. Singh continues to contribute to Ascent’s mission of making quality healthcare products more visible, relatable, and accessible.

Sanjeev Himachali
Sanjeev Himachali
General Manager - Human Resources
sanjeev

Sanjeev Himachali

General Manager – Human Resources, Ascent Meditech Ltd.

Sanjeev leads HR & Admin at Ascent Meditech, bringing over two decades of experience in shaping people strategies for startups and SMEs across India and global markets. He has worked across diverse industries, including Manufacturing, Software Development, Financial Services, Renewable Energy, and FMCG adapting HR frameworks to suit varied business models and cultural contexts.
His core strength lies in aligning HR with business objectives designing scalable performance systems, nurturing leadership, and cultivating high-impact cultures. Sanjeev is also a strong advocate of psychometric-based talent decisions, having championed tools like MBTI, DISC, and Thomas Profiling to deepen organizational self-awareness and team dynamics.
Known for his bold, no-nonsense approach to employer branding and modern HR innovation, he has previously served as a Fractional CHRO, partnering with growth-stage companies to build agile, people-centric strategies. His sharp insights, practical frameworks, and thought leadership continue to shape the evolving HR landscape.
For Sanjeev, HR is not just about people it’s about purpose, performance, and progress.

Sougata Chakraborty
Sougata Chakraborty
GM - National Sales Development & Alternate Channels
Chakraborty

Sougata Chakraborty

GM – Plant Head | Manufacturing Excellence Leader

Sougata is a manufacturing and operational excellence professional with 18+ years of experience in garment and textile manufacturing. He specializes in Lean Manufacturing, Business Excellence, Productivity Improvement, Cost Optimization, Quality Systems, and Factory Operations. Having led large-scale operations across India, Kenya, and Jordan, he is recognized for driving sustainable business growth, operational transformation, and high-performance teams.
"Excellence is achieved through people, process, and continuous improvement."