The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.

Himedia Laboratories P Ltd, Success Story

Discover the best professional documents and content resources in AnyFlip Document Base.
Search
Published by Geeta Ahuja, 2020-06-19 21:07:52

Himedia Laboratories P Ltd, Success Story

Himedia Laboratories P Ltd, Success Story

Keywords: Pharma,health

Vol.1 Issue 03 January 2020 Price - ₹100/-

PHARMAUpdate

SUCCESS STORY

HiMedia Laboratories Pvt Ltd

FOR LIFE IS PRECIOUS

G. M. Warke Saroj G. Warke Vishnu M. Warke Vishal G. Warke
Founder Co-founder Co-founder Director

InBvaensktminegnt Insurnace One Stop Solution :

MWaneaagltehment PrCoojencstultancy Ÿ Fund Raising - Debt Syndication, Private Equity, Structured Finance
Ÿ Merchant Banking - IPO, FPO, Open Offer, Delisting etc
Ÿ Advisory - M&A, Business Structuring, Business Plan
Ÿ Insurance Broking - Life and Non Life

For all financial needs contact: +91 9867009713

PHARMAUpdate Interview

SUCCESS STORY

HiMedia Laboratories

BIOSCIENCES Dr. Vishal G. Warke, MBBS, PhD.
IN THE SERVICE OF HUMANKIND Director, Cell Culture and Immunology,

HiMedia Laboratories Pvt Ltd.
[email protected]

1. How was the company started and how has the journey been so far?

The journey of HiMedia Laboratories started 42 years ago in 1976, which was challenging, inspiring and immensely
satisfying. HiMedia was founded by my father, Dr. G. M. Warke and two other co-founders, my mother, Mrs. Saroj G.
Warke and my uncle Mr. Vishnu M. Warke.

G. M. Warke Saroj G. Warke Vishnu M. Warke
Founder Co-founder Co-founder

Dr. G. M. Warke, Founder and CMD of the company, has an M. Sc. and Ph. D. degree in Microbiology from Mumbai
University. A few decades ago, most types of raw materials and products, such as culture media for microbiology,
were imported from USA and UK at a very high prices. Researchers had to struggle considerably for obtaining the
media and allied products on time. Hence, urge for developing cost effective and quality products was a major
motivation for him, which led the foundation of HiMedia in India. Dr. G. M. Warke quit his lucrative pharma career
for this noble cause and started this company as a kitchen start-up and that's how the journey began. He has been
instrumental in innovating over 7000 culture media and various allied products for our country. His immense
knowledge and expertise over microbiology recipes led to HiMedia's historic contribution to the world of
Microbiology and other biosciences segments. Because of his contribution, HiMedia tops the global ranking for

Www.indianbusinesstv.net 1 Www.indianbusinesstv.net

PHARMAUpdate

Interview

introducing high tech products in the scientific research in our nation. Casei Medium” in the world, which
world market at reasonable prices. determines presence of folic acid at
Thus the journey had a humble start 4. What are the major challenges the nanogram level. Another major
in the field of Microbiology with only faced by your company during this challenge was to match the quality
5 to 6 products and today has journey? of our products with international
diversified & flourished into other brands, to spread our business
fields of biosciences, Animal Cell The journey so far was very across the world. However, due to
Culture, Plant Tissue Culture, challenging, especially in terms of our own R&D set up and use of
Molecular Biology, Agroindustry, finance in the initial stage, as it was innovative & high end technology,
Hydroponics and so on. very difficult to get finance for a we could efficiently overcome this
struggling entrepreneur. However, problem. We marked our first step in
2. What kind of products does your we successfully managed to get the international market in 1978
company offer? funds to execute our plan. A few with a sophisticated product like
decades ago, the Indian market was Brain Heart Infusion. This was well
HiMedia currently has a strong dominated by these foreign accepted for its quality by our first
portfolio of over 4500 products, companies and there was a client from Japan. A comprehensive
supplied to various sectors, including monopoly of the MNCs, which led to range of products is now available to
healthcare, pharmaceutical, price hiking and unavailability of patrons in almost all areas of
agriculture, brewery and Biosciences products in India. Only a Biosciences. We can now proudly say
fermentation, environmental & handful of local manufactures that that, HiMedia Laboratories Pvt. Ltd.
sanitary, textile and petroleum, were here, managed to compete is synonymous with Quality and is
cosmetics, food, dairy, veterinary, with these foreign companies. serving more than 150 countries all
agroindustry and biotechnology Products made from imported raw over the world.
segments of Biosciences. Our product materials were more expensive for
range includes many import the common user. Moreover, import 5. What are the unique strengths of
substitutes, media and chemicals of certain products like peptones your Company?
required for microbiology, animal was banned. In pursuit of this, our
cell culture (ATC), plant tissue primary focus was in receiving the We are a technology-driven
culture (PTC), molecular biology, license and achieving recognition of company. Innovation has always
agriculture, hydroponics along with our products in the domestic market. been our backbone and the R&D
food products, chemicals & The second major challenge was lack section has been the heart of our
biochemical, plastic wares, of acceptance of powdered media in company which comprises of more
instruments, equipment and other the Indian market, as Indian than 100 exceptionally brilliant
machines etc. scientists used to make home-grown scientists who rely on 100% captive
liquid media from raw liver or other technology and innovation that is
3. How do you stand out among your animal tissues. A lot of effort went considered essential for the
competitors? into educating the user in favor of changing global demands. Almost
ready-to-use powdered media. 10% of our sales revenue is devoted
We have a very strong position in the Vitamin B12 assay media was our to infrastructure development and
market due to our captive technology very first creation, which we R&D, which is equipped with
that is honed every passing day by our successfully launched in the sophisticated machines for
R&D team, the backbone of our domestic market at affordable price, developing novel products.
company. We don't look at HiMedia as and which won accolades for its
a business; it is a 'Mission'. quality. Eventually our journey Secondly, I would like to talk about
“BioSciences in the service of started by supplying vitamin B12 the family that holds HiMedia
Humankind” is our mission assay media to pharmaceutical Laboratories. We have seven Doctors
statement. Our Scientists are industries at the domestic level. Now of different segments in our family
developing cutting edge products for we have a wide range of vitamin who take care of the HiMedia brand
fellow scientists of our country and assay media. We are the only and work towards taking it to the
supporting common people and manufacturer of the “Folic Acid next level. Being a technocrat

Www.indianbusinesstv.net 2 Www.indianbusinesstv.net

PHARMAUpdate

Interview

family, our main focus is on 7. How do you look at 9. What would you like to highlight
technology and its implementation opportunities? about your team?
for the development of novel
products. As mentioned earlier, Considering the quality of work done It's not just a team; it's an extended
HiMedia is not just a business, it's a by HiMedia, many other companies family for us. We have a very strong
Mission, and we works towards it with across the globe have contacted us team which is the foundation of
great passion in order to leave our for tie ups, collaborations, and joint HiMedia's success.
mark on the nation and in the world ventures. So today HiMedia has a 360
at large. degree panoramic opportunity 10. What are your financial
palate and we are diversifying in a strengths?
Another important strength I would big way and stepping into many
like mention here, is our offices, different avenues and growing in Our financial strength is our own
warehouses, technical support teams them. technology.
and sales network across the world.
8. What would you like to say about 11. Who are your blue chip clients?
6. What are the major the quality standards, R&D and
achievements of your company? innovation? Major institutions associated with
Biosciences & Biotechnology such as
Our greatest achievement so far is Updating and upgrading ourselves Pharma & healthcare sectors, food
our Brand Equity and respect. through innovations has been a industry, academic & research
HiMedia is one of the largest media constant process for us since the institutes, fermentation industry
manufacturer in the world for the inception of HiMedia, which was only etc. are our blue chip clients.
fields of Microbiology, ATC, PTC, possible due to our updated R&D
molecular biology, agriculture and technology and superior quality of 12. What are your expansion
Hydroponics. Our achievement is the products. We launch at least 50 plans?
recognized, and accounted in the new products every year based on
most prestigious organizations. For the user demand. We have an We are in a massive growth phase
instance, the American Society of established quality management and are an aggressively growing
Microbiology publication titled system certified by ISO 9001:2015, company in all Biosciences
'Handbook of Microbiological media- ISO 13485:2012, WHO GMP segments. For example, HiMedia is
Fourth edition'-CRC & ASM press by certification, CE Marking, NABL already supplying ready prepared
Ronald M Atlas, 2010, and listed us accreditation, ISO/IEC 17025:2005, media and we are ramping up its
among the top three brands in the TSEN 22000 , that are meticulously capacity by 3-4 folds a day. We are
world. This value creation that we implemented and are functional in also expanding in the Agriculture
have done for our nation is our major HiMedia for the past four decades. sector and Hydroponics.
achievement.

Www.indianbusinesstv.net 3 Www.indianbusinesstv.net


Click to View FlipBook Version