Kolkata, October 12, 2026: As India’s AYUSH sector prepares for an ambitious phase of expansion aligned with AYUSH Vision 2030, which envisages a USD 213 billion AYUSH economy by 2030, the five-decade-old Powell Group has announced the appointment of Mr. Muralidharan Narayanaswamy as Chief Business Transformation Officer, strengthening its focus on business diversification, institutional partnerships, entrepreneurship, and sustainable growth.
The appointment was announced by Prof. Dr. Soumik Banerjee, MSc, PhD, Chief Scientific Officer of the Group. Mr. Muralidharan Narayanaswamy, a Gold Medalist in Systems Management, also holds a Master’s degree in Intellectual Property Law and is a renowned educationist and Supreme Court Mediator, will be responsible for the strategic mentorship of the senior management and for advising the Board on strategic inputs for growth and development. He is also the Director & CEO of Unnayan Educational Services Pvt. Ltd. and brings an entrepreneurial perspective, experience in institution-building, and a strong orientation towards developing innovative and scalable business models.
Founded in 1975 by Late Prof. Dr. Sailendra Nath Roy and headquartered in Kolkata, Powell Group is a diversified healthcare and wellness enterprise with interests spanning homoeopathic medicines, Ayurveda, herbal wellness, nutraceuticals, and personal care. Guided by its founding commitment to service, the Group is expanding its presence in domestic and international markets while pursuing innovation, quality, and diversified business opportunities. Under the guidance of Chairperson and Co-founder Dr. Rita Roy and the visionary leadership of Managing Director Dr. Sudipta Narayan Roy, Powell is pursuing an ambitious growth strategy encompassing pan-India distribution, strengthened research and product validation, emerging consumer wellness categories, and international partnerships.
Announcing the appointment, Prof. Dr. Soumik Banerjee, MSc, PhD, Chief Scientific Officer, Powell Group, said, “Powell is at a defining inflection point where traditional knowledge must converge with scientific validation, institutional partnerships, and sustainable scale expanding horizons for global expansions as well. As we strengthen our research ecosystem, product innovation pipeline, and diversification into differentiated wellness categories, we need cross-sectoral strategic wisdom. Mr. Muralidharan Narayanaswamy brings a rare combination of legal acumen in Intellectual Property, a deep understanding of education and institution-building, and experience as a Supreme Court Mediator. His mentorship will be invaluable in guiding our senior management, strengthening governance, and shaping strategic collaborations for long-term growth.”
Sharing his perspective, Mr. Muralidharan Narayanaswamy said, “What attracted me to Powell was not merely its five-decade legacy or its commercial potential, but the philosophy underlying its journey—enterprise as an instrument of service to society. I see Powell’s future as an integrated AYUSH and wellness ecosystem, bringing together manufacturing, innovation, distribution, consumer engagement, and entrepreneurship. My endeavour will be to work with the leadership in identifying strategic opportunities, developing sustainable business models, building institutional relationships, and creating synergies across the Group’s ventures. India’s AYUSH ambitions present a compelling opportunity. But our contribution must ultimately be measured not simply by business expansion, but by the value we create for consumers, entrepreneurs, and communities.”
The Group’s scientific and commercial leadership will continue to drive its established businesses, while the new advisory association is expected to contribute cross-sectoral and cross-border perspectives to its diversification strategy, with a particular focus on differentiated wellness products, emerging retail formats, rural enterprise development, IP-led innovation, FDI and overseas collaborations being explored through its recent strategic engagement with Sen & Ray LLC-FZ, a financial consultancy firm based in Dubai, UAE, to fuel its next phase of expansion, representing another step towards its aspiration of combining traditional knowledge, scientific discipline, entrepreneurial innovation, and inclusive economic growth.
