10 Fastest Growing Healthcare companies 2020 by Business Connect

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Editorâ&#x20AC;&#x2122;s Note

Avant-garde companies changing the course of healthcare with ingenious offerings An Editorâ&#x20AC;&#x2122;s job is not just confined to scribbling of words or embellishing the articles with enticing metaphors or similes. As they say- With great power, comes great responsibilities, journalism is a domain that grants us with the liberty to address the social issues and enlighten the audiences with the latest happenings across the world. When it comes to Business Journalism, then, it is no different from its lineage as it fervently highlights the companies that are hiring, and those struggling, the ones ensuring sustainable growth and those magnifying their presence that help to shape the economies. It is the sole responsibility of the enterprises indulged into mass media to offer people with relevant and beneficial editorial content. As a credible business information source, our Magazine acknowledges the significance of delivering admissible, reliable and valuable information to the readers intending to add value to the society. At Business Connect Magazine, our adept editorial team endeavours to offer the commonalty with such authentic content that inspires the readers to make informed decisions about various facets of their careers. Moreover, we also intend to help our adored readers to find promising service providers that can contribute to improving different aspects of human lives. Health is one such dimension that needs extensive attention. Many enterprises driven by their integrity are adding value to this aspect, rather than just inclining towards profit-making. It is open to us all how the pandemic has disrupted our lives in the last few months. In the swirling storm of COVID-19 pandemic, many companies have evolved in the healthcare sector as a beacon of credibility in a short time only. The forthcoming edition of our renowned magazine- The 10 Fastest-Growing Healthcare Companies to Watch in 2020, will be highlighting the core competencies and exclusive methodologies with how those enterprises developed some matchless offerings to make a difference to the world. Moreover, what might catch your attention is their commendable business models and mindblowing professional acumen that showcases their exclusiveness. The adamant zeal of the promoted business tycoons in this brand new edition will offer you a glance at their incomparable momentum to create a positive impact in the world with their exceptional products and services. We can assure you that the admiring legends of these leaders will boost your entrepreneurial instincts while serving as a portal for you to seek creative ideas and distinctive strategies. What is even more appealing about this brand-new issue is the bunch of exclusive intramural articles that our team has proficiently handpicked from diverse spheres of the business landscape. We firmly believe, our determined efforts to enhance your business acuity will keep you glued to the respective copies of the Magazine! Conventional methodologies of performing the businesses have been proved incompetent in todayâ&#x20AC;&#x2122;s entrepreneurial world. The need of the hour is the implementation of innovative solutions to be in harmony with the rapidly changing market trends. Pinnacle Life science- A subsidiary of Aarti Drugs Ltd. is resonating with this conception effectively. Under the aegis of the Founder and CEO- Vishwa Savla, the Company has been able to create a remarkable influence in the Pharmaceutical Industry. Our team has decided to promote this estimable Organization on the cover page, owing to its upholding social responsibilities, quality, and compliance ensured in the healthcare space. Last but not the least, I would like to take this opportunity to thank all our readers, for they are the real motivation that allows us to push our boundaries and come up with more sophisticated issues every time. Our team also welcomes constructive feedback from our valued readers on any part of this edition and would like to hear about how to make it more alluring for them.

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CONTENTS

VISHWA SAVLA

Founder & CEO, Pinnacle Life science

Augmenting Healthcare Across the Globe

Pinnacle Life Science Page No. 10

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Table of Contents

Intellio Healthcare

Success Story

Re-Structuring the Healthcare solutions

Fevicol â&#x20AC;&#x153;Ye Fevicol Ka Mazboot Jod Hai Tootega Nahi.â&#x20AC;?

34 38

Medesun

Arivation healthcare

Creating Specialists For Medical Coding And Billing Realm

A Promise To Serve The Needs Of Those In Need

20 22

Ayurveda Research and Life Sciences LLP

Prova

Cure, Balance and Care with Ayurveda

The Fastest Growing Company in the domain of Therapeutic Healing

40 42

Cuisine

Exploring New Horizons

Ground-Breaking Business Trends For Food & Beverage Companies

Industries setting up new patterns during 2020 outbreak

26 28

Catts Labs And Research Pvt. Ltd.

Savorite

A Renowned And Well-Established Name In The Pharmaceuticals Industry Across The Globe

Ensures Qualitative Testing and Analysis in the Arena of Pharmaceuticals

Intellimed Healthcare Solutions

Current Affairs

Gujarat Seaplane: A Vision To Connect The Unconnected Corners

Redefining the Healthcare Ecosystem

30 32

Soham ERP Solutions Pvt. Ltd.

Lifestyle

Providing Leading-Edge Pharma Centric Software

Reasons Why Sunglasses Acts More Than Just An Accessory

48 7

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siliconindia

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|19|

August 2019

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Indranil Roy | Business Connect

PINNACLE LIFE SCIENCE Augmenting Healthcare Across the Globe

”

VISHWA SAVLA

Founder & CEO, Pinnacle Life science

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”

COVER STORY

As a company that started just 5 years ago, we’re growing in leaps and bounds, in every aspect. The multitude of expansion won’t have been possible, if not for our employees

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he Indian Economy may have been soaring from a while, but the pharma industry has shown remarkable growth. India is still the leader in manufacturing and exporting of generic medicines and accounts for 60% of the vaccines produced worldwide. This astounding presence is corroborated, by the existence of a substantial number of Pharma manufacturers. This huge occupancy has driven everyone into a rat race, making the pharma space extensively volatile. Pinnacle Life Science has grown in this volatility by focusing not on the prevalent formulations rather less attended avenues, like NSAIDs, Cardioprotectant, Antihypertensive, Antidiarrheal/Antiprotozoal and many more. Within a short span, the Company has spread wings across many parts of the world and evolved as an important part of the Countryâ&#x20AC;&#x2122;s economy. THRIVING AS ITS PARENT BODY Pinnacle Life science is an innovative product of its parent conglomerate Aarti Drugs Ltd. Aarti Drugs is one of the widely known establishment for Active Pharmaceutical Ingredients (APIs), Pharma Intermediates and Specialty Chemicals. Under Pinnacle, Aarti Drugs burgeons into pharmaceutical formulations in the Indian and International markets. Aarti Drugsâ&#x20AC;&#x2122; significance in R&D, manufacturing and marketing has helped Pinnacle acquire a remarkable presence in more than 90 countries. Its demonstrated quality has grown it into a niche expert of particular products and carve a revered name and market share in a very short span. They had a modest turnover in F.Y 2014-15; from there they grew in leaps and bounds! Pinnacle is forecasting to generate annual revenues of Rs. 315 Crores in F.Y2020-21, with nearly 50% of revenues coming from export sales. THE INNER MOTIVATION The foundation of Pinnacle Life science was laid down in 2014, by Mr Vishwa Savla, VP (Aarti Drugs Ltd.) and Founder and CEO (Pinnacle Life science). Aarti Drugs has been pioneering the pharma-space over a generation, facilitating intermediaries and raw products for diverse formulations. Pinnacle was formed with a focus to bring the same revered quality in finished formulations.

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VISHWA SAVLA

Founder & CEO, Pinnacle Life science

The Indian Pharma market is a huge volatile space with many renowned players. Pinnacle sought to provide selective products at reasonable prices that have less competition so that they can emerge as market leaders for those particular molecules. Furthermore, Mr. Savla wanted to open his heart, towards societal developments. With Pinnacle Life science, Mr Savla has been able to bring all his aspirations under one umbrella. In the last 6 years, the Company has grown into a renowned brand upholding Social Responsibilities, Quality, Compliance and unassailable ethics. FACTORS CONTRIBUTING TO QUALITY As mentioned before, Pinnacle is cherished for its upscaling quality. Several aspects attribute to upholding the winning standards. The backward integration of APIs provides them, with in-house APIs with the technical back up at every stage. They have a state-ofthe-art manufacturing facility that ensures international quality standards in every product and stringent regulatory compliances to trade beyond borders. Constant up-gradation and synchronization with trends and technologies give them a competitive edge. Pinnacle has a credible quality management system, that focuses more on preventing problems than fixing them after they occur. The system is accommodated with, features to help in verification and validation of every activity. Quality parameters also include testing at the supplier’s site before dispatching finished products from the Manufacturer.. DEVISING CUSTOMISED PRODUCTS To synthesize accomplished generic formulations, it is important to understand the structure and reference listed as RLD products. This helps in creating & comparing a market generic equivalent, to understand if its bioequivalent and further attributes to its approval in the market. Furthermore, in-vitro bioequivalence assessments and physicochemical analysis play a prominent role in understanding pharmaceutical formulation requirements. A clear comprehension of API with respect to its proactive, quantitative, structural and morphological characterization also excipients present, within the RLD product helps in prototype formulations and significantly reduces the development of risks. At Pinnacle products go through stringent parameters before reaching the end customer. This include - Molecule identification, Molecule screening, sourcing of raw material, Pilot batch manufacturing, marketing strategy development, Test marketing/Clinical trial/ user trial, and Commercialization. These quality-emphasized parameters ensure products live upto RLD standards. For further, customization of products, customer’s needs and feedbacks including size, shape and quality are collected.

PROMINENCE OF R&D R&D is the nucleus of Pinnacle’s business model that helps them introduce customized infrastructures, that can align with their goal, “Developing Futuristic Healthcare solutions”. Pinnacle has its integrated in-house R&D Centre in Navi Mumbai, placed on a gigantic area of 100,000 Sq.ft. which develops new and challenging formulations, for global markets. This Intellectual Property gives them an edge in the International Market and helps in working with world-renowned partners. The institution is structured with Synthetic Chemistry Labs for (APIs), Formulation Development, Analytical Method Development and a Regulatory department as well. Though the prime focus of R&D encircles around the development of dosages - solid & liquid orals, creams & ointments, they also perform in-depth research on modified formulations for sustained and controlled release. On the other hand, their regulatory and IPR Cell uses online patent search tools to delve into various libraries, to prepare market regulated ANDAs and dossiers in CTD format. Deep investment in R&D enables Pinnacle to home the best infrastructures in the market. This helps in addressing expertise not only in formulation development but also, contract research and development under various business models. Pinnacle is capable of developing 12-15 new products at a time, for supplying in various markets such as Europe, Canada, Latin America, Africa and South-East Asia. Adding to this, the Company has a subsidiary in Chile, through which they aim to propel Latin American operations. Their services are a complete package for clients including everything from API development to sourcing and final dossier submission.

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YETOCEE –A SUBLIME PRODUCT The knee-deep investment in R&D has birthed Pinnacle’s two most exalted products – Yetocee &Yetocee D3 Chewable tablets (Vitamin C + Zinc + vitamin D3). The product is a blend of essential vitamins and helps in strengthening the immune system. The product earned huge recognition, amid the pandemic as it doesn’t just improve immunity but also gives sustenance against COVID-19 and many other diseases. After deep research on the SARS-Cov-2 virus, Aarti’s R&D team came to three major conclusions – High antibody levels help in fighting Covid – 19, Antibodies doesn’t need to be SARS-Cov-2 specific and an uninfected with a good antibody level can resist the virus. Based on this understanding, the Company aimed to build a dietary supplement having two crucial micronutrients – Vitamin C & D and Zinc. Vitamin D empower immune-related genes whereas, Vitamin C creates oxygen radicals, helping to fight pathogens. Zinc, on the other hand, provides essential minerals for cell functions – division and growth, and production of white blood cells to fight diseases. Many doctors treating COVID patients have recommended the insertion of these micronutrients, despite the patient being at any level of infection. Hence, after numerous discussion and debates about the dosage of Vitamin C, and other associated nutrients with respect to the severity of infection, Yetocee and Yetocee D3 was conceived. This product is a prime example of the dynamic work environment and robust R&D available at the company’s disposal. CONTRIBUTION OF FERVID LEADERS

“The essence of great leadership is influence, not authority”, Ken Lear, Entrepreneur. The above-stated phrase is a brief picture of the leadership panel at Pinnacle. Mr Vishwa Savla is a renowned leader having an MBA from Indian School of Business (I.S.B.). His years of leadership presence at Aarti has helped him with the meticulous planning, research and marketing, to devise Pinnacle. Adding to this, the helm of Pinnacle is held by Juan Gomes and Richie Gandhi. Juan (LATAM head) carries 30 years of experience in the pharma space. He specializes in negotiation in foreign markets, commercial market strategies and has deep knowledge of Chilean and International Pharma market. Richie Gandhi (VP): International Business Development and Strategic Alliance), has garnered a decade of experience in the pharma industry, by working with renowned players like Sanofi, Dr Reddy’s etc. Her core specialization revolves around corporate strategies and project management in the International Market. A CORDIAL & COHESIVE WORK CULTURE Employees are the stepping stones of any foundation - Pinnacle endorses this wholeheartedly. Pinnacle has a very collaborative and innovative work culture where employees to work on established things and invent new ones as well; this edifying culture engages employees to the Company’s growth. Majority of the employees are in their early 20s or 30s and capable of multitasking. The contribution of a young workforce ensures consistency in operations. The multitasking ability opens opportunities for employees to grow. Transparency is another factor that ensures the engagement of employees. The leadership panel keeps the team motivated on a regular basis and always welcome creative ideas and thoughts. The freedom of choice and two-way communication creates a very vibrant environment. Employees get a clear picture of the Company’s long and short term goals. Furthermore, employee performances are constantly monitored and are made to go through Skill development and training programs, if needed. Last but not the least, individual and team achievements are recognized and honoured with rewards.

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EFFICIENT AMID THE PANDEMIC Amid the outrage of COVID-19, when companies especially the manufacturing sector was witnessing a harsh period, Pinnacle showed its strength and continued to grow in all aspects. To alleviate the challenges while ensuring a freewheeling operation, Pinnacle shifted from the traditional practices to revamped methods. This approach not only helped in continuing business but achieve milestones as well. One major landmark in this crisis was its product, Yetocee. This product was Pinnacle’s major response to the spontaneous changes triggered by the pandemic. Supporting employees and ensuring their engagement in work is the toughest challenge for any Company in this period. But, Pinnacle is ahead in this as well! They maintain collaboration on all levels of the operation which gives employees an understanding of the organization’s mission, vision, values and goals. The Company maintained an uninterrupted communication with everyone, provided feedback on employees’ performances and ensured an ambience of fun and development with the power of Praise. ADDRESSING SOCIAL CONCERNS As mentioned earlier, Pinnacle was formed to augment the standards of healthcare and society. As such, a significant investment goes towards CSR activities. With its parent body, Pinnacle addresses concerns like Education and Skill Development, Health, Environment, Social Welfare, Rural Development, Women Empowerment and Quarterly Medical Camp in several rural parts of India. With the help of Aarti Drugs and several NGOs, Pinnacle has funded to the construction of schools in Boisar District, Tarapur, Maharashtra. In 2020, the Company has funded to education welfare by constructing the Kosbad Girls Hostel in Dahanu and the Murbe Public Library in the Palghar village.

MAJOR LANDMARKS IN THE JOURNEY The success of Pinnacle is, highly contributed, by its founding father. Since 1998, Aarti has taken a quantum leap, growing various aspects. They attained a grand turnover of $ 15 M, which later grew to $ 150 M in 2011. Following the footsteps, within 3 years of Pinnacle’s introduction, it started building a prolific presence in the market. In 2017, Pinnacle achieved an astounding turnover of $ 15 M. In the following two years, the company witnessed a radical growth and founded Pinnacle Chile and Formulation R&D Centre, establishing an offshore presence. Even the pandemic couldn’t interrupt their operations. Their product ‘Yetocee’ is still a pioneering product in the market. THE UPCOMING LANDMARKS

After achieving such growth-powering milestones, the Companyaims to enter the highly complex -regulated market of Latin America and establish itself, with a healthy portfolio of products. Their formulation department is presently exporting to more than 40 countries, which will grow with time. Also, the Company is launching products having limited rivalry for lucrative markets like Brazil and over 30 products in strategic markets such as the UK, Poland and Canada. Simultaneously, they are aiming to burgeon to emerging markets like East Africa, Philippines, Ukraine, and South-East Asia, where Aarti Drugs already has a significant presence. With the attribution of the parent Company, Pinnacle aims for a substantial market share in segments such as Anti-infectives, Pain management and Anti-Diabetics throughout the emerging markets. Also, they plan to expand into complex Oral Solids and Injectables while focusing on regulated markets and branded generics as well. The company aims to reach a 1000 crore revenue landmark by FY 2024-25. 15

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SUCCESS STORY

Fevicol

“Ye Fevicol Ka Mazboot Jod Hai Tootega Nahi.” ESS C C U S STORY

How can we forget this ad dialogue? Of course, we are going to do a case study of Fevicol success story. A one-time peon created Asia’s biggest adhesive company. Nowadays, the company has turnover around 6332 Crores INR/year, isn’t it surprising? Let’s just deep dive in to know about it.

INTRODUCTION Fevicol is India’s biggest leading Adhesives company. The company was founded by Indian entrepreneur Balwant Parekh known as the Fevicol man. It was 1959 when the Fevicol was first marketed in India as an easy-to-use and replace another fat-based adhesive which consumed a lot of time for boiling prior to the application. This brand innovation has transformed the way carpentry trade operates in India.

FOUNDER & FEVICOL Balwant Parekh was born in Gujrat who participated in a movement called “Bharat Chhodo Andolan”, launched by Mahatma Gandhi. He had finished a law degree from Mumbai, but he was reluctant to practice law. Living in Mumbai was difficult for him, so he had to work at dyeing and printing press. He ended up working as a peon at a wood trader’s office. During those days, He lived in a warehouse along with his wife.

Balwant Parekh

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Eventually, one of the investors recognized his business skills, Balwant started importing cycle, paper dyes, and many others from other countries. Later, he and his younger brother Sushil Parekh started their own business and named the company called Pidilite Industry.

basket. The Pidilite industry has acquired all those adhesives companies who could be a competitor in the market. Now, M-Seal, steel grip, Roff, Sargent Art, ColStar, Cyclo, Holdtite, WoodLok, Falcofix, and even Araldite Maker are part of the Pidilite Industry. Meaning, no matter what adhesive product, you are buying, money goes into the same bank account.

Over the years, Fevicol built a monopoly in the adhesive industry. In 2002, The Pidilite created another product called FeviQucik and acquired company M-seal too. Later, the company expanded products by acquiring many adhesive companies.

Apart from product quality, Fevicol focuses on maintaining a close relationship with the customers. The company has introduced different kinds of products at a very different price to meet customer demand. In this way, the customer cannot be missed.

In 2006, the company focused on international expansion. Factories have been set up in many different countries such as the US, Thailand, Dubai, Egypt, and Bangladesh. The brand also built a research center in Singapore.

The company follows a different SKU strategy, has launched Fevicol in a very different quantity, meaning the customer can buy ad per their needs. The products are available from pack 22.5gm to 50Kg. The Fevicol is OTC (over the counter) product that is available from the grocery store to hardware.

BUSINESS STRATEGIES The founder of Fevicol Balwant Parekh owned the very ultimate strategy to sell the Fevicol. First-time, in Indian business history, he approached direct marketing strategy. He researched and found that 80% of carpenters were decisionmakers. In such a case, educating carpenters about Fevicolâ&#x20AC;&#x2122;s benefits and direct marketing approach was a key factor for the company. Later, the company added a new strategy. Wide Product Basket or deafferented product, the company Pidilite has introduced many adhesives products, a separate Fevicol for each different item. It would be difficult if the company separated a place for each different Fevicolâ&#x20AC;&#x2122;s items. That is the reason, the Pidilite provides all different kinds of adhesives products at one place for distributors, dealers, and channels. In such a way, it became so easy to dealing, delivering, and billing the products. Inorganic Acquisition, Speedy Acquisition, and Aggressive Acquisition are the major reasons to become a wide Product

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Arivation healthcare A PROMISE TO SERVE THE NEEDS OF THOSE IN NEED Kajal Dobhal | Business Connect Lately, India has become an entrepreneurial hub as several startups are emerging every year in various areas. We are witnessing many start-ups here and there related to Digital Marketing, Education, Manufacturing, IT solutions, etc but, a few of the entrepreneurs have the service mindset to contribute to the noble cause of alleviating the human sufferings in the society. Arivation healthcare has intervened in the market with a unique business module and a vision to serve society by offering healthcare products and services. Arivation healthcare has created an ecosystem niche that can bridge the healthcare gaps in the field of Hemodialysis, Diagnostics, and Pathology with its innovative products and best in the class solutions along with strategies to improve the business operations, investment, and marketing functions of the relevant service providers. With around two decades of industry experience in healthcare, the Key Official of the Company envisions to evolve and strive as an atmosphere of innovation and ideas that can make a difference for its customers. The team has a focused approach of connecting medical professionals, hospitals, patients and OEM.

ARUP DHOLEY Director “Never be afraid to delve yourself into the risk practices and always consider your cravings to succeed as a motivation that will guide you in every extent of your life. I would like to share my secret Mantra to be a better leader- One must always carry a sense of empathy towards one’s colleagues, employees, competitors, consumers or whoever one comes across with. For me, the definition of leadership is a bit offbeat. A leader shall be considered worth it only when he possesses the ability to clone pioneers like him.”

-Mr. Arup Dholey

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The product orientation segment of the Company focuses on – Medical equipment and diagnostics (Manufacturing), Dialysis consumables (Manufacturing), Life science and Bioinformatics (Software) . Here, they deal with the needs of instruments and equipment related to dialysis by manufacturing the revolutionary in-home portable dialysis RO equipment that the company has claimed to launch in the country by seeking inspiration from future technology that will revolutionize the healthcare sector in many aspects. The service orientation segment of the Company aims at - A turnkey establishment for Dialysis centers, Marketing & Data Analytics, NPI, KPI, KOL Studies, Experimental Data Analytics, Track & Optimizing Campaign, Transactional support, Clinical Audit & Training Program. A BRIEF ABOUT THE KEY OFFICIAL Mr. Arup Dholey- Director Mr. Arup has attained his MBA from ISB, Hyderabad and BE Electronics from NU. With over two decades

of rich experience of working with Fresenius Medical Care and Nipro Corporation of tackling National and International dialysis Business, he realized the product and services gap in Dialysis focused healthcare facilities. The realization made him coin the idea of offering better Hemodialysis treatment, Software and Consumables to the people who are being adversely affected due to this gap. The dynamic business leader has been involved in PPP Dialysis turnkey projects with Central and State Government under the NHM program.

A STROKE OF GENIUS Innovative formulations can make a company the major success. Mr. Arup decided to start this venture as he desired to serve the society with a noble cause as the zeal to provide the patents with better health measures constantly poked him. His intention behind the commencement of this venture is not about deriving profit from the patientâ&#x20AC;&#x2122;s convalescence but to offer him a measure that can alleviate the adversities in the treatment procedure. A touch of innovation along with empathy towards the consumers is the motive behind this venture that has been firmly proposed by him.

During his tenure with the NHM program, approximately 50,000 dialysis treatments were added to community healthcare services at different medical colleges, district hospitals, sub-divisional hospitals, and corporate hospitals. Almost 6000 patients got benefitted from these initiatives.

STRUGGLE STORY As a new venture, there was a fair share of ups and downs along the way and many learning experiences as well that Arivation healthcare tackled. For a startup, it is always an uphill climbing to convince the society and the consumers to consider it over the big players in the relevant field. Along with this, team and workforce management are also quite a hard job for a start-up. It is challenging to convince people to join a new venture as they are not well aware of the policies of the company that has just intervened in the market with an innovative idea and cannot assure the employees with high salaries and great perks. But the Company dodged all these obstacles and carved its niche in the market.

INCEPTION STORY Arivation Healthcare is an ISO-certified Firm established on 13th of August 2019 and is well recognized by Startup-India. With the vision of rendering products and services to patients in the area of Nephrology, the Company has developed a Portable Water-Treatment System for Dialysis. Recognizing the adversities of the patients who have to rush to the hospital for performing dialysis, Arivation Healthcare has aimed to provide Dialysis at the bed side of patient where ever the patient is in the Globe.

SIGNIFICANT CONTRIBUTION IN COMBATING THE DEADLY COVID- 19

DIFFERENTIATING FACTOR The unique business module propagated by Arivation Healthcare includes medical products like a patented portable Water- System and consumables like dry Dialysate powder that is commonly used in the dialysis procedure. As per Mr. Arup, there are a couple of machines in Europe and in the USA only; that are quite expensive and cannot deliver desirable results with Indian water. This water-system is specially customized for Indian water only which gives them an advantage in the relevant market. The System will also aid the initiatives of the Government of India by enabling dialysis facilities to rural and non-accessible regions as well.

In the current scenario when the whole world is fighting the novel CoronaVirus, the innovative solution by Arivation Healthcare has rendered an added advantage to design isolation ward by taking the multiple organ failure scenario for the COVID 19 patients into consideration. â&#x20AC;&#x2DC;Portable RO system for Dialysisâ&#x20AC;&#x2122; has given a choice to give renal treatment at bedside anywhere in isolation ward for the patients in need of dialysis.

Mr. Arup has also planned to launch an app shortly that will allow all the nephrologists & Dialysis centres in the Country easily accessible for the patients in the need. It is a common platform so that all the stakeholders or involved parties can get optimum benefit from each others.The Platform mentioned above will bridge the gap between the patients and the nephrologists with ease, especially in case of an emergency. The Key Official being an MBA possesses effective market intelligence and research strategies that give the Company a differentiating factor with a perfect blend of marketing strategies and the healthcare services to all.

Some of the infected pateints need support in multiple organ failure scenarios and at that time, providing renal treatment becomes crucial.

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EARTHVEDA

Cure, Balance and Care with Ayurveda “Made in India, shared with world”

Ashwathy Nair | Business Connect

EARTHVEDA

JINANG SHAH Managing Partner

Redefining the Ayurvedic Sciences with its exclusiveness

The hectic pace of modern lifestyle has made the man feel burdened with inexplicable stress and anxiety. Today, on one hand, technology has brought an extensive amount of ease and comfort to our lives, on the other hand, it has also nurtured restlessness and aggressiveness within us with no substantial cause behind it.

human body. Today, the demand for ayurvedic products is growing in leaps and bounds, owing to their minuscule side effects and outstanding health benefits. Due to this, numerous enterprises are queuing up to taste the advantages of the brisk evolution of ayurvedic proprietaries. But, only a few are truly adhering to the core values and ethics that are propounded by this ancient medical science.

Amidst this chaotic sphere, healthy living seems like a pie in the sky. To the exponentially growing health issues like hypertension, diabetes, kidney diseases etc, Allopathic Medication has been proved drastically inefficient. In turn, numerous studies are providing substantial facts that opting allopathic treatments in a long-run can cause immense damage to the body. Acknowledging these aspects, people are now turning their faces towards traditional medical systems. And in this respect, Ayurveda is creating a great buzz across the globe.

AN OVERLAY OF THE COMPANY Ayurveda Research and Life Sciences LLP is one such eminent name that is expanding its horizons in the Ayurvedic Community with its exclusive Ayurvedic medicines & Ayurvedic health supplements. It performs its business operations under the brand name – Earthveda. Extensively focused on transforming the way people perceive Ayurvedic healthcare, this MNC is proving its fortes via a gamut of effective products. Earthveda is one of the few companies in Ayurveda to have its extensive presence in the USA alongside showing extreme existence in more than 100 retail outlets on the East Coast alone. There is an intuitive, user-friendly eCommerce website of Earthveda that addresses customers & their requirements at the forefront with

Ayurveda ensures to weld the modern-day lifestyle with the ancient wisdom of living a healthy life. It cardinally focuses on infusing human lives with health-oriented benefits of natural substances and herbs while restoring the overall balance of a

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a gamut of exclusive products like Immunite Tablet, DM Care Tablet, Ayulith Tablet, Icecool Tablet, Herbal Teas, and much more. The Managing Partner, Jinang Shah is continuing with the legacy of his father – Dr Harshad Shah, who is the Chairman of this phenomenal enterprise that earlier exported high quality premium ayurvedic raw material in the relevant industry. Mr Jinang has been the man behind the absolute transition of this company into Ayurvedic properitary Medicines & Herbal supplements company. “With establishment of this revolutionary enterprise, he envisioned to formulate such products that will bring positive changes in people’s life and alongside syncing with his commitment towards sustainable development & working towards the goal to make the world a better place for us and our future generations.” MODERN APPROACHES AND TRADITIONAL METHODOLOGIES UNDER THE SAME UMBRELLA The exceptional mission of Earthveda is all about the usage of modern technology in the formulation of ayurvedic medicines & herbal supplements by performing extensive research across the industry. Mr Jinang reveals that he aspires to make acceptance of Ayurveda as simple as the Allopathic medicines across the world. Additionally, the prime motive of the organization is to promote the ‘healing power’ of Ayurveda be the guiding light to a healthier future. MEET THE MEN BEHIND EARTHVEDA Dr Harshad Shah is the Chairman at Ayurveda Research and Life Sciences LLP. He is a BAMS and one of those few doctors who have been certificated by the ‘Royal College of General Practitioners’ in London. He is an Ayurvedacharya with 35 years of enriched experience of healing people with the help of Ayurvedic science. Under his guidance only, all the formulations of the Company have been a roaring success. Mr Jinang Shah is a Double-Graduate. He is M.Tech in Biotechnology and MBA in International Business Management. While travelling across the world, he witnessed the mushrooming growth of Ayurveda in different countries. According to him, it was the prime motivating factor that made him enter the respective industry while adjoining his father’s vision to offer better health to people. The dynamo’s thought leadership and crystal clear approach allowed the Company to expand its reach across more than 15 countries. For the future, he has envisioned to ensure Earthveda’s presence to over 50 countries by the end of 2025. UNVEILING THE KEY DIFFERENTIATOR Mr Jinang elucidates that Research and Development is the crux that allows them to ensure an edge over the peer organizations. “I performed rigorous R&D and Manufacturing process for the formation of finished Ayurvedic medicines & herbal supplements as my keen interest was to significantly contribute to the development of Ayurvedic medicines while promoting such products to every corner of the world.” continues Jinang. ‘Immunite Tablets’ are some of the top-seller products that naturally boost immunity & can be taken by any group of people without any side effects. Moreover, DM Care Tablet that regulates blood sugar without any side effects is one of the top-performing products in their product portfolio that has earned worldwide recognition.

ensures intense clinical studies and researches on the raw material as well as the finished goods that inclines the medical practitioners to refer their medications to the respective patient. Apart from that, Earthveda customizes its formulations as per the geography, demography, lifestyle and food habits of the populace that enhances the product’s efficiency & potency. This aspect has allowed it to get a competitive edge effectively. This type of country specific formulation of ayurvedic medicine is not done by anyone else. Owing to immense R&D, team Earthveda has developed a medicine that will be helpful to millions of people fighting the tough battle against Cancer. It will help people recover and stop the reoccurrence of cancer postchemo. Addressing the exclusiveness of this medicine, Mr Jinang states, “This medicine is developed by using 99% standardized Curcumin (Turmeric) in oil form which is fat-soluble & forming micelles with other ingredients like Giloy, Kalonji & Amla. So, we combine modern scientific techniques with the age-old wisdom of Ayurveda.” SYNERGY WITH TECHNOLOGY As technology has become an indispensable part of our lives, it is almost impossible to overlook it to excel in any industrial domain. Resonating with this notion, Earthveda has established a fully-fledged functional laboratory in the manufacturing plant. Be it TLC or Gas Chromatography or HPLC, every automaton testifies for its harmony with the technology. It’s state-of-theart R&D Laboratory is far more advanced in terms of technological advancements than many allopathic laboratories. The thoughtful insights with the techdriven approaches have allowed them to achieve several accolades in their favour. Talking about the achievements and accolades attained by Earthveda, Jinang states that their exclusiveness has granted them with a multitude of awards. So far, the Gujarat Government has recognized its behemoth contribution in this industry and rewarded it with ‘Finest Research-based Ayurvedic Company Award’ in the respective state. Moreover, the Government of Iraq has recognized the benefits of their diabetes medicines and offered them with a recognition award. Recently, Earthveda has been felicitated by ‘North American Ayurvedic Association’ for its extraordinary support offered to the ayurvedic doctors in North America. The list of the awards and accolades is quite lengthy, but Jinang believes there is a long way to go and redefine the Ayurvedic landscape with the innovative offerings to let the world enjoy the innumerable benefits of this ancient science.

Furthermore, he explains that his team considers the Vedas or ancient scriptures for the formulation of the medicines and later on, perform extensive research to find a unique concoction at the end. He has acknowledged the gap in the industry, where the ayurvedic medicines are not been rendered to the targeted masses with enough research papers backing the claim for the treatment. Contrary to this, Team Earthveda

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COMPANY

NAME

DESIGNATION

Arivation Healthcare

Arup Dholey

Director

Ayurveda Research and Life Sciences LLP

Jinang Shah

Managing Partner

Catts Labs and Research Pvt. Ltd.

J. S Chadha

Group Chairman

Intelio Healthcare Pvt. Ltd.

Dr. Vineet Arora

Director

IntelliMed Health Solutions

Anish Desai

Director & Co- Founder

Medesun Healthcare Solution

Meriyala Santosh Kumar Guptha

CEO

Pinnacle Life Science Pvt. Ltd.

Vishwa Savla

Director

Prova HealthCare

Harsh Mehta

Director

Savorite Pharmaceuticals

Vedant Maheshwari

Director & Founder

Soham ERP Solutions Pvt. Ltd.

Suketu Shah

Director

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CUISINE

Ground-breaking Business Trends for FOOD & BEVERAGE Companies There is always a change of preference, that’s a human nature where people often get bored with choosing the same kind of meal every day. Bold flavors and meal-replacing snacks are always at the lead when it comes to food preferences, health, and wellness, immunity-boosting food. Consumers are more often nowadays, looking forward to nutrition-packed foods. An increase in the demand for healthier, quality frozen food products to fit in with changing lifestyle, more importantly for the maturing millennial generation who are busy in making a balance between a healthy family and career. The millennial consumers are more “clean eaters” than any other generation and intend to have a strong interest in what they are eating, how is it made, and by whom. Today is a generation that lives in a world where they can instantly access to information and if the consumer is unable to understand or find out about how a product is made and what is it inside it, they simply choose to leave it behind and switches to alternative products made by companies that have a more convincing and genuine commitment to sustainability and improvement of the environment.

Safety, Sustainability, and Transparency is all that matters Consumers are more into demanding information about the food they eat, food safety is the main thing food and beverage industries focus on and it is now costing billions each year. The industry finds it more important to pinpoint safety issues immediately; from the people who are growing to the manufacturer, distributor, and beyond. The food companies need to be more focused on waste reductions as the consumers are more into demanding sustainable, transparent production and packaging in the products they purchase. As per the customer’s demand, the quality control and safety of the food products must be at the top.

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The Constant Rising Costs and Increased Ambiguity Growing uncertainty in the marketplace is a matter that is faced by the food and beverages company. Some companies of food may look for smaller warehouses that can manage supplies, but the rising storage costs may be prohibitive. Another uncertainty that includes here is increased labor costs and tightening workforce challenges. The companies are also facing issues with on-time delivery due to the ongoing truck driver shortage.

Innovation and Variation Purchasing has vast availability of products, with so many different products that are available for the purchase in a crowd of channels like starting from in-store, farmerâ&#x20AC;&#x2122;s markets, online, social media, and more. The product innovation and differentiation are considered to be important in the food and beverage companies. Creating some solutions that would meet consumer preferences around sustainability such as edible packaging will be on the growth. The innovative way to automate repetitive processes that provide good opportunities for businesses in the matter of improving production, back-office processes, supply management, fulfillment, and delivery. Adding to that, using acquired consumers and business data for better business decision-making will be implementing a comprehensive digital strategy.

Merger and Acquisitions Companies looking forward to spreading their investments across smaller brand acquisitions in accordance to round out product and geographic portfolios versus investing in their own research and development to help in saving time as well as money and reaching new customers. Private Equity (PE) companies that have operated in the consumer brand space will have a need to adjust their strategy along with looking for deals further down the market. The companies will even take on acquisitions in segments that have better prospects as a salty snack food, snack bars, cookies, and ready-to-eat meals, even if they are outside their traditional business.

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CATTS LABS AND RESEARCH PVT. LTD. Ensures Qualitative Testing and Analysis in the Arena of Pharmaceuticals J.S CHADHA: Group Chairman MANPREET SINGH: Marketing Director Dr. Amit Mishra | Business Connect Living up to the standards of quality and its assurance is quite indispensable in this present era. Itâ&#x20AC;&#x2122;s importance in the pharmaceutical industry quadruple as the medicines are the potent sources of healing and curing n number of diseases. Thereby, well-structured and effective laboratories with qualitative testing equipment and practitioners become quintessential in ensuring the quality of Pharma services. CATTS Labs and Research Pvt. Ltd. are the pioneers of exemplary Research and Analysis in the respective arena.

DEPTHS OF THE COMPANY Catts Labs & Research Pvt. Ltd., a Govt. approved and GLP Certified & NABL Accredited Testing Laboratory. It is also an ISO (9001:2015), (18801:200) certified company, providing expert Chemical, Instrumental Analysis & Microbiological testing of Pharmaceuticals, Cosmetics, Ayurveda, Homeopathy, Water, Food & other related products and raw materials. CATTS Group is led by a dynamic group of individuals with many years of enriching experience in their respective fields. CATTS is headed by the Group Chairman Sh. J.S Chadha, possessing a vast experience & expertise of more than 4.5 decades in the field of analysis. Manpreet Singh is the ace Marketing Director of the Company. With his phenomenal Marketing strategies and planning, the company is touching the crescendo. Ensuring a state of the art analytical and research, the Lab is equipped with the latest hi-tech and analytical equipment like FTIR, UPLC which deals with Identification & Quantification of different product, HPLC, GLC, AAS, UV-VIS, etc. They employ highly qualified & experienced technical personnel to perform tests to deliver precision & accurate test results. CATTS continually invests in highly trained scientific staff, leading instrumentation and new methodologies to ensure high accuracy and efficiency.

J.S CHADHA

Group Chairman www.businessconnectindia.in | Vol. 3 | Issue 5 December 2020 INDIA

CATTS LABS is recognized as a quality solution provider and partners with MNCs and leaders of various industries to provide solutions to their analytical problems. They are known in industry circles as a provider of quality services with the highest level of integrity and transparency. A loyal client base of satisfied customers that includes large corporates, academic institutions, small and medium businesses, government organizations and individuals.

stability and flow properties you need for complex formulations. With their robust support, you can achieve a greater understanding of your product composition and performance. Scientific evidence is a powerful marketing tool for your products, and their claim substantiation services can prove product performance and help you support your advertising claims. Food Testing: The Lab offers highly dependable Food Testing Services which include processed foods, honey, milk & milk products, cereal flour, pulses and starch, bakery products, spices, infant food and infant milk. Added to that, health care products and essential oils can also be tested under the banner of Food Testing Service.

From Pharma to tonics, energizers to food supplement, Ayurvedic to Herbal, from Food to agro products from Cosmetic to Moisturizers, soaps to lotions, CATTS LABS & Research Pvt. Ltd is a trusted, unbiased and professional testing laboratory that can help you to prove the efficacy and safety of your products.

Environmental Testing: They undertake Environmental Pollution Monitoring & Analysis for diverse industries across India. Maintaining a focus on providing accuracy and reliability, they have managed to successfully serve a diverse set of clients in India. Environmental Pollution Monitoring & Analysis (Air, Water & Waste Water, ETP, STP WATER, and Noise) is undertaken by a diligent team of professionals who possess the necessary know-how in different areas concerning the environment.

ESSENTIAL SERVICES IT OFFERS: Drugs & Cosmetic Lab: They have a well equipped lab, having the latest instruments of international brands. The lab is headed by highly experienced & professional staff. Different sophisticated instruments include UV-VIS, FTIR, GLC, and HPLC & AAS (with VGA & graphite furnace). Apart from routine testing, they provide analytical solutions by carrying out Analytical Method Development & Validation for different products including FAILURE ANALYSIS. Tailor made Training Programs are also carried out apart from routine training to chemists for upgrading their skills.

Failure Analysis: CATTS Labs help to determine the root cause of failures in your Pharmaceutical, Cosmetics, Ayurvedic, Food Products & packaging materials, our expertise helps to provide fast and effective solutions. They solve failures during and post manufacturing to help ensure your customerâ&#x20AC;&#x2122;s safety

Ayurveda & Homeopathy Lab: Testing for Ayurveda, Unani & Homeopathy Products & Raw Materials is being carried out under the strict vigilance of expert doctors in respective fields by using the latest techniques.

Analytical Training Services: Training is an essential part of any industry. Particularly lab testing is a very crucial subject and there are hardly any or very few centers in the country which provide such training. Keeping in view the need for industry, they at CATTS LABS have devised various analytical training programs for fresh candidates to make them ready to be absorbed by industry for analytical work in the fields of Pharma, Ayurveda, Cosmetic, Food & food products, & allied industries.

Microbiology Lab: CATTS Labs now offers Microbiology Testing to fulfil QA/QC and regulatory requirements to help their clients in finding the root cause of failures and develop the next generation of products, coupled with their Chemical, Physical and Surface Analysis capabilities. The addition of Microbiology Testing means that they can now offer their medical device related pharmaceutical and consumer healthcare to clients all the testing, analysis and development they need.

They also provide training to experienced ones to upgrade their skills to boost their carriers.

Product Testing: Their accredited laboratories are equipped with stateof-the-art testing and analytical instruments to help manufacturers, importers and exporters to understand their products and prove packaging claims. They test to industry standards using approved test methods and develop bespoke methods when standards are not available. They test products to provide detailed analysis for materials characterization, product development, and quality control purposes and to prepare for regulatory submission as well as support to achieve the rheology,

Industry specific dedicated training programs are also being undertaken to fulfil the requirements of the industry. The presence of CATTS Labs offshore is to provide the quality services worldwide & make CATTS Labs a global name in the field of Analytical testing field. Its mission is to create awareness among the masses about the importance of quality of products in day to day life of the society we live in. Email Id: manpreet@cattslabs.com

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INTELLIMED HEALTHCARE SOLUTIONS Redefining the Healthcare Ecosystem Sugandh Bahl | Business Connect The Health care industry has a crucial role in healing the world, with indepth analysis and research on medicines, medical devices & equipment. Diseases and related sufferings in the world upsurge its demand , dependence and involvement of a multitude of stakeholders, like physicians, patients, payers, policy makers and other health care professionals across the globe. IntelliMed Health Solutions, as the name suggests, is one of the experienced players in the healthcare ecosystem to provide pragmatic solutions, related to the growth of the healthcare industry. Several startups are emerging to cater to the increasing demands of solutions, concerning the healthcare ecosystem. On the same notion, IntelliMed Healthcare Solutions was formed around 8-9 months back in August 2019. Following out-of-the-box approaches, the objective of the Company is to render innovative and practical solutions in the area of medical affairs & market access, clinical & economic evidence, regulatory services for pharmaceuticals, medical devices, and nutraceutical companies.

Dr. Anish says | Director

â&#x20AC;&#x153;With experience, you can win the trust. Moreover, if you can appropriately deliver the quality of solution and within the estimated time, then you can

â&#x20AC;&#x153;

create an unbreakable faith.

ON THE SAME NOTION, INTELLIMED HEALTH SOLUTIONS HAS PIONEERED THE DOMAIN WITH EXQUISITE SERVICES. www.businessconnectindia.in | Vol. 3 | Issue 5 December 2020 INDIA

BUILDING THE TRUST

STRATEGIC MEDICAL AFFAIRS FOR BUSINESS GROWTH IntelliMed Healthcare Solutions, has the expertise & experience to ensure that your product has the scientific edge which will help you to better connect, communicate, and convince your Stakeholders. IntelliMed Healthcare Solutions, helps in differentiating your product in a crowded competitive environment and delivering the value.

The foremost thing for any business is to win the trust of its customers by delivering quality services along with other benefits so that customers repeat.

LISTENING TO YOUR DOCTOR’S VOICE

Technology plays a pivotal role in almost every domain and the advent of digitization across the globe has unfurled the flag of incredible development and success. IntelliMed Healthcare Solutions develop a multitude of technologically advanced ‘Apps’. One of the applications has all the records of the physician’s or doctor’s instructions or advice to the patients. So, whenever the patient wants to see the prescription, then he or she can easily open the app and look at the medication, diet, exercise, etc, his doctor has recommended. People become very happy because they are hearing in their doctor’s voice.

Dr. Anish Desai MD., FCP(US), PGDHEP is the Director and co-founder of IntelliMed Healthcare Solutions. Besides this, he is also a Honorary Professor of Pharmaceutical Medicine at (MUHS) Maharashtra University of Health Sciences at KEM Hospital in Mumbai. With his abundant and enriching experience of more than 25 years in the Pharmaceutical & medical device industry, he has pioneered the domain with exceptional expertise, and thereby he is using every bit of it at IntelliMed Healthcare Solutions.

ENSURING THE QUALITY

People are at the centre of the organization and they are considered to be the most essential assets for the company. IntelliMed Healthcare Solutions comprises a team of highly qualified people like Phds, medical graduates,PharmDs etc. Moreover, the healthcare Company organizes training and workshops to sharpen the skills of people to deliver the best to the clientele.

Gradually with the delivery of the finest services, IntelliMed Healthcare Solutions has been successful to work for several reputed Indian & MNCs by offering innovative & cutting edge solutions to these companies. The team comprises of qualified & enthusiastic professionals and associates, who work around the clock to deliver their expert advice and services.

FUTURE PLANS

There are two strategic models on which the Company is currently working. The first is Contract/outsourced Medical Affairs, in this model IntelliMed Healthcare Solutions offers strategic and individualized support to mid-size companies in terms of regulatory, medical and clinical expertise.

IntelliMed works on the four core competencies, which are the distinguishing factors that help in escalating the performance of the company. The 4Ds that play a very crucial role are Data, Differentiation, Dissemination, and Diligence. Describing these potent Ds, the Data part refers to clinical & economic data, patient safety data, and regulatory data. The second is the Differentiation part that deals with differentiating the products & services from the rest. Dissemination is related to different stakeholders, it can be clinical stakeholders, payers, providers, policy makers, patient’s education, care providers, health economic evidence, the fourth is Diligence is related to the identification of products, identification of therapeutic areas related to Nutraceuticals, Medical Devices & Pharmaceuticals with extensive market research.

The other one is the Aggregator model in which the Company can use the expertise in the market whenever it is required. It is used for upscaling the model and operations.

Switching from these essential components to the area of specialization, IntelliMed Health Solutions has expertise in offering services to the companies that are in the areas of cardio metabolic, dermatology, anti infective & immunologicals, gastroenterology, oncology, orthhopaedics, general surgical fields, etc.

IntelliMed Healthcare solutions intends to play a pivotal role in the growth and evolution of digital healthcare.

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LIFESTYLE

Supreme Fashion Accessory

Sunglasses are the ultimate fashion accessory, almost worn by everyone, and without them most wouldnâ&#x20AC;&#x2122;t leave home. When the sun is glaring off the town and you pick your sunglasses out of your back, once you lip them on, you instantly change your appearance.

Reasons Why Sunglasses Acts More Than Just An Accessory Itâ&#x20AC;&#x2122;s no longer a medical necessity, just a style need. The dreary vision-correcting computer machine revamped surprisingly into a cool and swanky faddish accessory. The rage is so strong that, just for the sake of fashion even people with perfect vision wear lenses.

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Here are some reasons why, before you head out the door, you’ll want to catch those shades: PROTECT EYES FROM UV RAYS One of the most significant advantages of wearing sunglasses is that they shield the eyes from the sun’s harmful ultraviolet radiation and the fragile skin around them. Exposure to UV can lead to cataracts and cause glaucoma symptoms worse. Moreover, about to 10 per cent of skin cancers are found near the eyes. Choose glasses that cover the eyes entirely and make sure that they have 100 per cent UVA and UVB protection.

PROTECT EYES FROM GLARE Sunglasses not only let you see better when it’s light outside, but they also decrease the amount you need to squint by the cutting back on the sun. Squinting will lead to headaches, exhaustion and eye pressure, as well as the formation over time of fine lines in the skin around the eyes. When you squint, it’s also difficult to see clearly, which can lead to injuries, particularly when driving. Maximum glare safety is offered by polarized sunglasses. DARK ADAPTATION After you are exposed to intense sunshine, sunglasses allow you to refocus your vision. If you will not adapt for long stretches after being exposed to the sun, your night vision may be impaired. You’ll find it hard to see the road while you are riding at night. Riding becomes risky when you haven’t been wearing shades.

Some Top Sunglasses Brands RAY-BAN A debut back in the 1930s, the Ray-Ban Aviator sunglasses made their airline flights more popular, and the legends of the era were pilots. The Italian-based company offer polarised lenses to shield the eyes from sunlight. In the 1980s, with the release of films such as “Top Gun” and “Risky Business,” these glasses gained attention.

MAUI JIM In the early 1980s, Maui Jim sunglasses made their debut at a hotel pool in Maui, Hawaii. By 1988, the mainland was just starting to see them. This sunglasses are built for males and females alike. Many of the models have polarised lenses of varying colours that shield against the sunshine glare. VERSACE In 1978 Versace was started, this Italian fashion house made its debut in Milan, Italy. Versace sunglasses are known for their ornate, female-centred logo, and their wrap around and aviator styles are common. Much of the lenses are polarised to shield the eyes. Some women’s styles involve ornate and lavish details. 33

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Sugandh Bahl | Business Connect Healthcare delivery has historically been regulated by institutions such as hospitals and healthcare systems that are hierarchical. However, a wide range of new organisational forms have arisen in both public and private sector as the demands of delivering care under scarce resources have risen over the past decade and gradually moving towards the ultimate aim of achieving Universal Health Coverage. This ranges from managed care institutions, regulatory bodies, healthcare solutions and management firms for private healthcare delivery and other healthcare organizations, diagnosis-specific service arrangements with specialist providers, such as home health care and rehabilitation firms. With technological advancements, healthcare delivery process is becoming more efficient by using advanced technology at different steps. With hospital beds and in-house resources stretched more than ever during this crucial time, healthcare solution providers are helping patients and organisations to manage the care better. Not only does this free-up space for efficient treatment, but it prevents costly and life-threatening readmissions by diagnosing problems before they arise.

Minister of Health

CAMEROON

Furthermore, healthcare providers must continually balance the responsibilities of compassionate patient care with the demands of essential administrative activities in good and bad times. Here, Business Connect Magazine introduces you to Intellio Healthcare, the emerging healthcare solutions provider in India.

outreach of their teams is the coresuccess driver of their underlying philosophy of providing the best services at the most affordable costs. They have identified and developed relationships with their partners that they leverage for their clients to serve their needs in a timely andconsistent manner.

Intellio Healthcare is a healthcare solutions firm focused on providing the support that facilitates healthcare organisations in providing the best quality health at the mostaffordable cost. At Intellio, they bring together a team that harbors a passion for healthaccess and innovation. The experience and

Management Team at Intellio Intellio Healthcareâ&#x20AC;&#x2122;s seasoned and assertive team is led by management with a combination of strategic and organisational healthcare skills. Management brings tremendous expertise from across the fields of healthcare, which has helped to share

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comprehensive and long-established collaborations. The team consists of seasoned industry experts who have assisted companies in the creation and enhancement of operating margins in business strategies. The members of the team have worked throughout regions such as India, Africa, the USA, Canada, and Europe. They consider the needs of different communities and direct the best practices worldwide. Dr Vineet Arora (Director) is an experienced healthcare practitioner in the healthcare industry, with a significant history of working. He has pursued his Master of Business Administration

same thing. Several members of the Company’s leadership team even expand their mentorship outside the workplace to assist team members in all facets of their lives, helping workers be efficient. Throughout the business, this mindset of helping and supporting each other is passed from colleagues to clients and partners. Dr Vineet Arora says that “Start with what you think, only then do you know what else you can do. Start with the aim of building relationships, and whatever can come, never compromise on your beliefs and ethics. That’s what defines you and forms the future. He further adds that “It is understood at Intellio Healthcare that success is not just about reaching achievements, but also impacting lives along the way. So whatever initiative you set out to create, the advice will be to find a target to give back for everything you get. It offers an everlasting fulfilment that is indeed the greatest accomplishment of creation”.

Dr. VINEET ARORA | Director (MBA) from the Indian Institute of Foreign Trade based on International Business. Meanwhile, Mr Mukesh Panchal (Head of Sales & Marketing) is an experienced professional with 10+ years’ experience in the healthcare and technology domain, and Dr Ritika Jindal who is specialized in Healthcare Management heads Operations and Strategy Department. The team of young professionals, their creativity and innovative thinking at Intellio Healthcare have become the foundation that has driven development at the organisational level. In developing good relationships around the planet, they have invested their time and energies. The greatest strength is the faith and trust that the business partners of Intellio Healthcare have in them. The motive is also to link, competitively selling, with individuals around the world, and they are even affiliated with renowned brands such as Vissco, Microgene, Accusure, and Steelcraft. At Intellio Healthcare, strategic support, on-demand services, and global sourcing are the foundations of growth. Besides, they believe in fostering a fun and versatile work culture at Intellio Healthcare that allows workers to act like a family and watch each other’s back. The Organisation is committed to the professional and personal growth of its employees. They often allow the role model to play, generating the action by showing the

This Company’s customer base presence ranges from pan India to around the globe in countries such as Cambodia, Brunei, Canada, Middle East, South Pacific Islands, and Eastern and Central Africa. The Key Focus Areas of Intellio Healthcare The Company revolves around the delivery of healthcare. So, the ideology of Intellio is focused on excellent service and the highest level of quality. By developing and maintaining an efficient quality control system, Intellio consistently works hard to achieve customer loyalty and believes in long-term partnerships and shared development as a goal. The Company is interested in bio-medical devices, hospital consumables and other materials, and this is of great benefit to the healthcare sector in which Intellio Healthcare is affiliated. They are working to become global partners so that in this time of crisis, they have sufficient supplies of medical requirements. Intellio Healthcare has a quality management team to ensure quality levels, and they are often partnered with famous brands that have quality certificates. They only work with brands that have qualityassured goods. 35

By providing quality goods and services within specified time limits, the Company has invested its time and efforts in building strong relationships across the globe. Intellio Healthcare has remained inspired by the confidence and loyalty of business partners, and it helps them retain quality, and that is what this Organisation is known for. Besides, the team at Intellio believes in introducing creativity without sacrificing on quality with evolving requirements. Intellio Healthcare is proud to encourage universal health coverage by working to improve underdeveloped and developing countries’ healthcare systems by providing their health services to countries such as Cambodia, Brunei, Vietnam, Eastern and Central Africa, Canada, Middle East, and South Pacific Island by promoting goods manufactured in India and leveraging professional Indian labour. Also, they have spent their time and energy around the world in establishing good relationships. Corporate Social Responsibilities of the Company Intellio Healthcare is doing its part for Corporate Social Responsibility by supporting hospitals and nursing homes by supplying them with free medical supplies and PPE kits and also helping by empowering new COVID facilities at the lowest possible cost. They also support NGOs that provide food and shelter to the poor, especially during the day. Having provided Intellio Healthcare services across multiple geographical locations in underdeveloped and developing countries, the Company’s goal is to collaborate with healthcare organisations in developed countries and extend integrated sector services that will eventually support the Organization’s commitment to universal health coverage. At last, this Organisation would link with the established healthcare industry by leveraging the team’s exposure and understanding by carrying out advancements and technical improvements in healthcare delivery shortly.

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CREATING SPECIALISTS FOR MEDICAL CODING AND BILLING REALM

Avishek Singh | Business Connect

ithin the last few months, the Covid-19 has forayed the globe as an uncontainable contagion. The chaos has created a severe disturbance, in many industrial verticals and has also shut down the operation of many companies. However, medical coding and billing, and healthcare remain unaffected, proving its diligence and requirement of Data analytics in healthcare. One such unyielding firm is Medesun Health Care Solutions, located in Hyderabad-Telangana State and Delaware, USA.

Dr. MERIYALA SANTOSH KUMAR GUPTHA | CEO

OUTLINE OF THE COMPANY

a turnkey in his career, where he received profound training under AHIMA-USA. Dr. Guptha has been a respected World Record Holder in training with 42 certifications including CCS-P, CCS, CPC, COC, CIC, CPC-P, CRC, CCC, CPCO, CANPC, CPB, CPMA, CEMC, CEDC, CIMC, CFPC, CUC, COBGC, CPCD, COSC, CPRC, CPEDC, CHONC, CENTC, CRHC, CGIC, CASCC, CGSC, CSFAC, CCVTC, RMC, RMA, CMBS, CMRS, CSCS, CSBB, FCR, FNR, FOR, CHA, CHL7. He is also an AHIMA Approved ICD-10 Trainer, as well as AHIMA ICD-10 Ambassador and has inculcated 15 years of experience in the field of Medical Coding and Billing.

A VISIONARY LEADER IN THE PANEL

The idea of founding Medesun came in his mind in 2003, while he was serving in a US-based health care company. Working as a medical coder, he observed the effects of globalisation in the healthcare domain and how it will bring change in the space. He understood that companies were aiming to outsource medical billing and coding process to India. The scope was formidable although, India lacked trained and certified Manpower.

Medesun is a leading global platform that offers training and services on medical coding and billing. The area of focus for Medesun resides on specializations like HIPAA, HL7, ICD-10 (International Classification of Diagnosis â&#x20AC;&#x201C; 10th Revision), CPT (Current Procedural Terminology) and HCPCS (Healthcare Common Procedural Coding System) for supplies and drug coding, ICD-10-AM-Australia Medical coding and Saudi ICD-10-AM Medical Coding Training. Till date, Medesun has nurtured over 5000 students and flourished its services to many foreign nations like the US, NZ, Australia and the Middle East.

The company was founded by Dr. Santosh Kumar Guptha. Dr. Guptha was born and raised in a moderate middle-class family. His father was a salesman and mother a homemaker. None of them had the opportunity to attend college. However, Mr. Guptha was highly empowered with the value and significance of education. His implementation to ICD-10 became

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Discovering the opportunity, he introduced Medesun Healthcare in the market. The principal objective was to nourish brilliant minds in medical billing and coding and furnish skilled manpower to the health care industry.

growth in the last few years and students have been placed in remarkable positions in the healthcare industry across the globe.

SUSTAINING AMID THE COVID-19 OUTBREAK

The Novel Coronavirus has brought the world down to its knees and presently is the most trending catastrophe. However, the crisis hasn’t stopped the functioning of Medesun. As soon as the lockdown was announced, across the nation, Medesun stopped training at locations to ensure safety and started online training for their students and prospective coders. Medesun has a very robust training methodology that integrates cutting-edge technology with cultured knowledge. Their employees are very enthusiastic towards their job and have ensured a freewheeling and engaging training framework.

UTILIZING KNOWLEDGE TO CREATE SPECIALISTS

Medesun has incorporated an adept team that train students on clinical knowledge, practical application, gap analysis and communication. The growth in the healthcare territory shown a steep demand for individuals competent in medical billing or coding. Comprehending to this, Medesun is providing assured training while sparing no effort in creating industryready professionals. The company has partnered with many pharmacies, nursing and degree colleges and Govt. aided organizations to create medical billing and coding savants in the Indian youth. With its intense and fathomable knowledge, the firm provides training in all specializations of medical coding and medical billing EM coding, ED coding, Radiology, risk adjustment coding, surgery, IP-DRG, ICD-10AM, Tumor Registry, among the others. Further, they prepare students for certification exams like AHIMA and AAPC through a selective set of tests crafted by academic experts.

Even after the lockdown is dropped, The company ensures “Safety first”, as such, is focused on following all the precautions procured by WHO and govt. like Social Distancing, avoiding crowding, using sanitizers, Masks and ArogyaSethu App in mobiles, reduced working days and hours in the month and enlightening their students on the safety and precaution of travelling outside.

A PROGRESSIVE PLAN FOR THE FUTURE

Looking at the current era, Dr. Guptha interprets “As healthcare costs are skyrocketing, proper statistics on time will help in risk adjustment and healthcare cost control. Coding allows a statistical analysis of diseases and treatments, diagnosis-related group reimbursement, and easier observance and tracking of epidemics or pandemic events. It also helps inform planning with the medical organization’s decision support systems.”

Shedding further light on this, Dr Guptha asserts “Students often face a dilemma while investing money for certifications or placement in progressive organizations. When it comes to medical billing and coding, the industry has enormous opportunities for efficient professionals. Our organization has exquisite knowledge and all the notable certifications that can help learners thrive in the arena”. Apart from training, Medesun organizes workshops, job fairs and seminars to help students with their professional career.

Dr. Guptha strongly believes that proper medical coding can produce valuable diagnostic data, which can be utilized for research and education, including the betterment of patient care. Henceforth, Medesun is focusing on instilling a strategy to implement medical coding in state and central government health schemes by leveraging “Ayushman Bharat”, A bright initiative by the central government.

FACTORS THAT SIGNIFY THEIR FORTE

After gathering a huge trove of knowledge, Dr. Guptha believes - to create individuals that can have an impact in the healthcare space; one has to master the art first. His enormous knowledge and impeccable training methodology have guided many students, who at present are managers and Vice Presidents in medical coding and billing companies. On the same notion, Medesun has also employed more than 20 skilled professionals with immense experience in the US healthcare industry. Their exposure to training students helps them get an edge over their peers. With a good collection of trainers, Medsun has built a harmonious relationship with students that generate interest.

Although India is still at the emerging stage of medical coding and billing, Dr. Guptha looks forward to elevating the nation to the next level through his entrepreneurship. Having a well-cultured leader and proficient trainers, who are certified by AAPC and AHIMA US, the company aims to continue as the apex in furnishing exemplary candidates for the healthcare arena. Even in this dearth period, Medesun has shown its enthusiasm and hard work. The company has incurred a 200% increase in revenue, within the last five years and are aiming to build a 500 seater coding service company by 2023. With a team of combined experience of over 100 years, Medesun is striving to become the most preferable trainer and provider of medical coding and billing services.

Medesun also delivers HIM training, HIPAA Compliance training, ICD-10-AM, tumour registry, cancer registry, Revenue Cycle Management (RCM) service and medical coding auditing services, online medical coding training, and internship programs as well. The vast collection of training modules has helped in seeing enormous revenue

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The Fastest Growing Company in the domain of Therapeutic Healing Kriti Anand | Business Connect

Palliative Care - Therapeutic Healing The Prova Way

In the hustle of modern-day existence, subsistence is now a daily fight for sustenance, and indeed, survival. While endeavouring to earn an earnest livelihood ensues, the demarcations segregating work and personal life are dwindling rapidly. Ergo, timelines & deadlines have become the new reality. These days, most are time-tested. Doubtlessly, an excess of anything stimulates repercussions in everything. Inevitably, withstanding such hectic work schedule tribulations weaves a dreadful web of constant stresses, perpetual perturbations, and endless anxieties for the one who endures. Soon, ramifications percolate down to the corporeal level, manifesting as a whole gamut of ailments - lifestyle diseases or acquired disorders. Getting diagnosed through an efficacious prognosis, some get placed on salubrious treatment procedures for augmenting healing. In this scenario, a proper medicinal procedure suffices for expediting the curative aspect. At times, surgical intervention becomes exigent, especially, for ailments concerning the musculoskeletal system. Herein, the significance of a therapeutic orthopaedic rehabilitation system comes to the fore. A recent survey about Indiaâ&#x20AC;&#x2122;s orthopaedic rehabilitation industry underscores the realm of opportunities awaiting emancipation. With an ever-growing populace breaching the billion mark, and a proportionately burgeoning infirm population, the orthopaedic instrumentation market is poised at a propitious cusp, even as mind-boggling numbers point towards a statistical enormity - $2.4 billion. Founding on the prerequisite traits of compassionate empathy and humaneness, which form the pivotal component in any palliative care, a revolutionary brand foraying into manufacturing of musculoskeletal support belts got established on December 21, 2012, aiming to assuage the suffering of millions. An insightful Tete-e-Tete reveals, how Harsh Mehta is not merely the active director at the helm of affairs of Prova Health Care but, also the quintessential entrepreneur etched with essentials of perspicacious acuity and a profound sense of business acumen - a contemporary era rarity. On getting quizzed, Mr Mehta chronicles the diverse healthcare product range, responsible for a speedy recuperation of their client -

Harsh Mehta Director www.businessconnectindia.in | Vol. 3 | Issue 5 December 2020 INDIA

4. Trust your instincts 5. Eagerness to learn and adapt 6. Touch base with ground realities 7. Connecting with the clients 8. Avoid cutting corners, patience pays Without an iota of doubt, having an average annual turnover of roughly 7o million gives profundity to his words. Sagaciousness to incorporate laudable attributes is a sign of inventiveness, innate within those belonging to resourceful kind. Explicitly, the Head of Prova Healthcare estimates the importance of peerless marketing methodologies over product quality. He vehemently states, “Quality in tandem with frivolous administrative policies is a sure-shot recipe for ruination.”

• Musculoskeletal Support belts 1. Cervical Collars 2. Lumbosacral Belts 3. Rib-chest Belts 4. Abdominal Belts 5. Tennis Elbow Brace 6. Knee Caps 7. Ankle Support • Body Movement Aiding Products 1. Walkers 2. Walking Sticks 3. Quadripods 4. Auxiliary Clutches In own words, the forthright corporate honcho justifies the paradigm -shift from outsourcing production to a comprehensive in-house manufacturing unit, catering to the clientele with specific instruments, which are tailored to fit their requirement, as a much-needed perspicacity in the ever-evolving healthcare sector. According to Mr Mehta, incessant RD forms the crux in the therapeutic avenues, on which a blueprint of ingenuity gets instituted.

There’s no debate to the contrary. Our interaction invoking inquisitiveness traverses reticent matters relating to the inspirational role models in Mr Mehta’s life. Nostalgic recollections about the remarkable contributions by family stalwarts unfurl. Fervid instances of toil by an ageless Grandsire, a sedulous Uncle with conscientious streaks, & a father’s expertise in merchandising, portrays the hidden benevolence encapsulated within a pragmatic exterior. Appending the list are revered names akin to steel baron Sunil Mittal, airline tycoon Richard Branson, & homegrown industrial magnate Dhirubhai Ambani, citing a few.

Additionally, incorporating off-centre marketing initiatives, revamping the hierarchical structure, heralding novel technologies, re-calibrating managerial policies, foraying into the App-based platforms for greater reach, and ushering ingenious revenue enhancing stratagems are measures propelling their organisation towards commercial progression.

Accentuating the urgency of extending the brand worth offshores, the unpretentious man promulgates the plan for turning the company into a global marque. Dodging the curveball on the initiatives of the incumbent governments, both at the centre and state, Harsh invokes prudence, offering a subtle response about how policy benefits are trickling down to ground zero.

To preempt growth stagnation, the bigwig enunciates his organisational forte - perpetually attempting for progress, instead of, brood about past laurels and achievements, thereby, giving them an edge over the rest.

Taking umbrage on the clarifications sought regarding female workforce equality, Mr Mehta fervently asserts that gender equanimity is a prevailing ideology of their corporation, embedded into the everyday functionalities, with apt timings, felicitous job profiles, adequate sanitation facilities, proximity hiring to avoid inordinate commutes, & remunerative maternity leaves as some of the criteria adhered to the hilt.

Incidentally, regarding the ordeals and hindrances endured during the initial days, Mr Mehta categorically lays the onus on substandard quality, quixotic pricing by rivals, apart from monetary enticements for luring their sales team into subversion, with the lamentable intent at sabotaging the reputation, earned earnestly over time. Consequently, their commercial voyage witnessed an unprecedented diminution in market share, followed by a glaring loss of revenues, not to mention the inestimable erosion of stature, leading to the abject lack of self-belief.

Notwithstanding the 60-month inception, Prova Healthcare has more than 100 products making beelines in its assembly line, along with a cent per cent revenue growth in the preceding three years adding to the already illustrious cap.

Subsequently, a rectification of anomalies needed hiring employees from other professional spheres, implying rebuilding from scratch. However, providing ample cognitive leeway that fosters fertile space for visualization of groundbreaking ideas, undeniably, gets the unambiguous nod in his perception.

Once in aeons, treads a mortal whose entrepreneurial brilliance replete with resolute tenacity, unwavering perseverance, self-abnegating zeal, and oceans of forbearance become the genesis of manifesting an entity, which not merely subsists but, transforms into a breathtaking phenomenon, for generations to emulate.

Even though, in these crazy times defining the parameters borders on absurdity, Mr Mehta emphatically articulates his eight-fold mantra for success in the realm of business 1. 2. 3.

Harsh Mehta, heading Prova Healthcare is one such trailblazer par excellence.

In-depth analysis Meticulous evaluation Painstaking research 41

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EXPLORING NEW HORIZONS

The ongoing COVID-19 pandemic has ended up being a distinct advantage for most of us. It has changed the manner in which we carry on and see things. A large number of our propensities have changed. We are encountering another world inside and out. This sudden and unfriendly move in propensities and mentality has affected the economies vigorously. In this article, we will talk about 5 ventures that will watch new patterns taking care of business for the organizations.

WORKSPACE INDUSTRY Itâ&#x20AC;&#x2122;s anything but an old story when we were heading off to our workplaces and labor for 9-12 hours. We got the opportunity to cooperate with individual partners up close and personal, and the conversations were extemporaneous. The earth was lively and enjoying office tattle was a visit. In any case, out of nowhere, things changed. Most of the representatives are currently telecommuting. Before this circumstance, numerous organizations were at that point giving work from home offices; however, most of the organizations were not prepared for this abrupt move. Accordingly, efficiency has decreased and extended are getting postponed. The work from the home pattern will proceed with further and reception for devices helping in it will encounter exponential development.

EDUCATION INDUSTRY Kids are feeling the loss of their school condition, as they have been confined at home for an extensive stretch of time. Computerized training has encountered new development in these periods. Numerous schools have attempted distinctive web-based instructing stages to suit their necessities. The evaluation of tasks and taking on the web tests are the most current difficulties these schools are confronting. Home mentors and instructing focuses are having an extreme reaction as they have fewer assets and offices to profit from these devices. In spite of the fact that they are attempting to deal with the circumstance, a satisfactory answer for them is yet to come. Ed-TechPlatforms like Byjuâ&#x20AC;&#x2122;s, Extra checks, Vedantu, and so on are gobbling up their market.

ENTERTAINMENT INDUSTRY Do you miss the film corridors? A lobby with cheers from the group and we getting a charge out of the absurdly valued popcorn taking a gander at the big screen. We are uncertain when we can encounter this once more, as individuals are wanting to keep up social separations and film corridors seats can be a simple prop to send the infection. Subsequently, a few yet to be delivered motion pictures are delivering on the web, through associations with media streaming applications.

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In the interim, we understood that credible and important substance can win hearts much following a fourth of the century. A legendary arrangement like Ramayan, Mahabharat, and so on was worshiped massively by everybody, which demonstrated us; the genuine substance can hold the consideration of all ages gathering. The nostalgic inclination and return to the days of yore kept the TV channels alive. In this online period, stages like Netflix, Amazon Prime, and so on have promoted enormously and have become a need for some diversion searchers than an extravagance.

HOSPITALITY INDUSTRY Inns and cafĂŠs have been closed down for a long time which is immensely affecting the pockets of proprietors. Numerous proprietors needed to terminate laborers to support the period, however, the future income figures are questionable. A top chief of a food conveyance startup has guaranteed that 30-half of the cafĂŠs may for all time shut down in India. The main ones enduring are the marked ones. This has demonstrated to us the benefit of marking and great assistance in the accommodation business. Cleanliness has gotten an absolute necessity to keep up so as to draw in clients.

SELF-CARE INDUSTRY We as a whole had lost ourselves in our bustling calendars. We neglected to treat our bodies and psyche well. This pandemic has indicated the significance of self-care during negative occasions. We became acquainted with, to lead a steady and effective life, keeping our psyche stable is fundamental. This has brought about an increase in self-care content utilization on the web.

CONCLUSION We have been compelled to embrace digitalization in our regular day to day existence. These new propensities have made new business openings however at the expense of gigantic financial misfortunes. Endeavors needed to receive new normal and shrewdly various activities. Different businesses like the travel industry, travel, land have likewise been affected. In these antagonistic occasions, the job of leaders to execute brilliant and maintainable plans of action is significant. Laborers additionally should know about changing situations and receive new abilities or up skill themselves. Change is the main steady; receiving it admirably is in our grasp.

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VEDANT MAHESHWARI Director & Founder

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SAVORITE

A RENOWNED AND WELL-ESTABLISHED NAME IN THE PHARMACEUTICALS INDUSTRY ACROSS THE GLOBE Indranil Roy | Business Connect

harmaceutical Industry is at the apex in contemporary times, and its demand is going to upsurge only in the future as the number of health issues is quadrupling. Savorite Pharmaceuticals has brought a dynamic transformation with the manufacturing and distribution of cutting-edge healthcare products. Incubated in the year 2010, under the stewardship of Mr.Vedant Maheshwari, the Director and Founder, Savorite deals with the manufacturing and export of pharmaceuticals & healthcare products. Located in Vadodara, the Company is focused on the manufacturing and exporting of pharmaceutical and healthcare products. The endeavor in drug development, customer satisfaction, and successful product commercialization has helped them to emerge as one of the fastest growing export houses. They have identified the brand building in export as the core thrust area in more than 25 countries (Middle East, South America and Asia). Tapping into newer opportunities, they are planning formulation marketing into life style segment and chronic ailment section.

safety and efficacy of products and services through a comprehensive Quality Management System. A full-fledged consistency is taken care of whilst delivering these products and services to patients and customers. Talking about the quality standards of Savorite, Vedant states, “At our in-house quality testing unit, we test each product stringently on various parameters before delivering to the market. In addition to it, services are also strictly monitored to avoid any hassle at the customer’s end.

Vedant says, “Our motto is to provide happier and healthier tomorrow to all by providing quality products and offering total customer satisfaction. Hence, we continuously set higher standards and feel passionate to achieve expertise in all the dosages forms. We have a diverse combination of resources, skills, and capabilities that provide a platform to excel effectively in today’s changing healthcare scenario.”

THE WORKFORCE Walking on ethics and values, Savorite is at the crescendo of success just because of it. They believe in the growth and development of each employees, and also take care of ensuring transparency at each stage of its operation. The team plays a pivotal role in ensuring the qualitative products and services to its clients. Therefore, each member of the team is selected after a rigorous process of selection that includes consciously paying heed to the employee’s qualification and experience. The workforce works on the common agenda of achieving excellence in terms of quality and range as well as commitment to render the best to its clients.

EXPORT OF HEALTHCARE PRODUCTS Building the clientele through promotional activities, and targeting the audience through continuous medical education at various academic and scientific conferences, Savorite’s aim is always being to increase the reach of its brand. Savorite is engaged in export of its variegated medicines across more than 25 countries, especially the Middle East, Africa, South America and Asia. The firm caters to the specific requirements of customers by means of innovative marketing promotions.

Savorite offers a wide spectrum of pharmaceuticals products, which comprises of tablets (effervescent and chewable), liquid orals, capsules, ointments, suspensions, injections, dry syrups, creams, suppositories and a multitude of other drug forms. These products are categorized across analgesic, antipyretic, antibiotic, expectorants, gastrointestinal, veterinary, vitamins and a lot more pharmaceutical segments. Product manufacturing activities of Savorite are carried out at its large facility equipped with state-of-theart infrastructure and advanced machines. For better functioning, the entire facility is segregated into many smaller units like production unit, warehousing unit, quality controllers, and other laboratories, each well-managed by its respective administrators.

ABOUT THE DIRECTOR The roots of entrepreneurship are deeply entrenched into the mind and soul of Vedant as his father, Mr. Nand Kishore Maheshwari had carved a distinctive niche in the industry of Pharma. Expanding the horizons of his family business, Vedant followed his father’s vision and focused on overseas marketing besides initiating strategic planning. The entrepreneur of the times with his sharp intellect working towards his mission, ‘Improving Health Improving Life Worldwide.’ He is unfurling the flag of Savorite globally, and also make affordable healthcare solution available globally.

MAINTAINING QUALITY IS PIVOTAL Being ISO 9001:2008, WHO-GMP certified by Government’s One Star Export House, Savorite’s stringent efforts are directed towards ensuring and maintaining high quality, 45

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CURRENT AFFAIRS

CURRENT AFFAIRS GUJARAT SEAPLANE: A VISION TO CONNECT THE UNCONNECTED CORNERS

THE MERGING OF INDUSIND BANK AND KOTAK MAHINDRA BANK IS TERMED AS “PURELY SPECULATIVE” The fiscal second-quarter profit of IndusInd Bank exceeded the ₹611.5 crore estimate in a poll of 15 analysts. Quarterly profit was hit by a more than doubling of overall provisions to around ₹1,964 crores. In the fiscal second quarter, Net Interest Income (NII), the difference between interest received and spent, rose 12.6 per cent y-o-y to ₹3,278 crores. A primary indicator of profitability, the bank’s Net Interest Margin (NIM) stood at 4.16 per cent, down 12 basis points (bps) sequentially and up 6 bps y-o - y. Rest of the income or non-interest income fell 10 per cent to ₹1,554 crores.

The merger of a private lender, IndusInd Bank Ltd with bigger rival Kotak Mahindra Bank Ltd was called “purely speculative”. The comments on the merger came forward on the day when IndusInd Bank posted a 53 per cent (y-o-y) year-on-year drop in its net profit in the September quarter to 647 crores, while the figure exceeded street expectations. Sumant Kathpalia, the chief executive (CEO) of IndusInd Bank said, “I will not comment on speculations, but it can be assured that there are no such talks with the promoter, who have themselves clarified”. All this came after a report that stated, Kotak Mahindra Bank is in talks to acquire IndusInd Bank. The bank’ promoter, IndusInd International Holdings Ltd, said that it “totally denies about the said rumour and it is considered malicious, untrue, and baseless”. “IIHL is the one that the Hindujas and a wide-ranging base of other successful nonresident Indians are supporting. As per the statement that came from the promoters, for IndusInd Bank, they reiterate their full support, no and always”. www.businessconnectindia.in | Vol. 3 | Issue 5 December 2020 INDIA

Kathpalia said that the bank is defining the restructured accounts that will continue until the end of December regarding the recast of stressed assets due to the pandemic. “It would be inappropriate to give any such number as of now and we assume that this will be in low single digits. There are some questions, but not major ones”, he said. With bad loans as a percentage of total loans at 2.21 per cent, down 2 bps y-o-y, IndusInd Bank’s asset quality was largely unchanged in Q2. The net bad credit ratio of loan stood at 0.52 per cent. If not declared so by 31 August, On 3 September, the Supreme Court ordered a temporary stay on the classification of bad loans, and banks are expected to use this relaxation in Q2 or until the final orders are passed. The Pro-forma gross Non-Performing Asset (NPA) and net NPA ratio of the bank would have been 2.32 per cent and 0.61 per cent, respectively, it had such an order that has not been passed. “The degree to which the bank’s activities and financial results would be impacted by covid-19 depends on potential developments, which are highly uncertain”, the bank said. 46

The seaplane service that has been launched, will cut down the travel time to about half an hour. It will be unique as well as an exciting flying experience that would massively help in the enhancement of travel and tourism.

The responses to the Ahmedabad-Statue of Unity seaplane service are so overwhelming that SpiceJet is now planning to start a similar service that will be connecting Surat in south Gujarat with the Statue of Unity. The service is operated by Spice Shuttle, which is a fully-owned subsidiary of SpiceJet.

The seaplane service is considering for other routes and destinations which are Port Blair and Havelock in the Andaman and Nicobar Islands, Delhi to Haridwar, Delhi to Rishikesh, Naini Lake, and Tehri Dam. Along with that, similar operations are scheduled in Srinagar, Udaipur, Dal Lake, Ladakh, Sunderbans in West Bengal and backwaters in Kerala.

A seaplane service has been launched by Prime Minister Narendra Modi launched on 31st October between the Statue of Unity near Kevadiya in Gujarat’s Narmada District and the Sabarmati Riverfront in Ahmedabad. Inauguration of the service was completed by PM Modi, boarding the 18-seater twin-engine plane from pond-3 that is near to the Sardar Sarovar Dam near Kevadiya and landing at Sabarmati Riverfront in Ahmedabad (the distance covered was in about 40 minutes). Usually, by road, it takes around 4 long hours to reach Kevadiya from Ahmedabad.

“Under UDAN, only 30% of seats will be set at a price of ₹1500 and the rest will be rated according to the market demand”. “18 seaplane routes has been secured by SpiceJet, which includes Ahmedabad-Kevadia (Sabarmati River Front to Unity Statue, Sardar Sarovar), Agatti-Minicoy, AgattiKavaratti, among others”.

A vision by Prime Minister to connect the most remote parts of the nation by air has been fulfilled. Ajay Singh, Chairman and Managing Director of SpiceJet said that “The launch of our first Seaplane service will be recalled as one of the most notable events in the history of Indian Aviation”.

Seaplane gives you a special experience as it flies at a low altitude which allows you to explore the surrounding beauty near the Statue of Unity.

INSPIRE BRANDS INC. ACQUIRES DUNKIN’ AND BASKIN-ROBBINS restaurant brands in the world” and with its international activities, licenses and 15 million loyalty members, it will increase Inspire’s strength. The deal highlights Dunkin’s potential for growth and adds major brands to Inspire’s portfolio. While the pandemic has changed many restaurants’ customer likings and strained finances, an investment in Dunkin’ digital operations and growth beyond conventional breakfast fare has enabled its shares to outpace the market as rival’s battle this year. This year, there is a 32 per cent rise in the stock, which includes a 12 per cent of increase that occurred after the news related to the deal emerged over the weekend. In a deal of $11.3 billion, the owner of Dunkin’ and Baskin-Robbins agreed to be acquired by a private equity-backed Inspire Brands Inc., which is one of the biggest deals that has ever happened in a restaurant industry overturned by the pandemic. On Friday, the firms said in a statement that Inspire, which owns franchises like Arby’s and Buffalo Wild Wings, will be taking Dunkin’ Brands Group Inc. private at a share of $106.50. It represents a 20 per cent premium over 23rd October’s closing price before news of the deal talks sent shares soaring. The price is 6.8 per cent higher than the close on Friday. The co-founder and CEO of Inspire Brands, Paul Brown said in a tweet that the Dunkin’ and BaskinRobbins brands are “two of the most recognisable

Dunkin’s chief executive officer, Dave Hoffmann said in the statement while announcing about the deal that, “The grit and dedication of this team have helped us to produce outsized results.” “We have stood tall during the global pandemic”. Dunkin’ managed well because of its facilities of mobile ordering app investments that helped in improving contactless payment options-and expanding into a lunch market where the brand had previously had little presence. In July, managers of Dunkin’ said during an earnings call that the Canton, Massachusetts-based chain, which dropped the word ‘Donuts’ from its namesake chain about two years ago as it broadened its emphasis, extended its market share during the pandemic partly through wide availability of drive-thru and delivery. In a recent note, KeyBanc analyst Eric Gonzalez said, “The market is just a start to praise Dunkin’ for the capabilities it has put in a position to achieve sustainable development”. He said it was interesting to see the interest of Inspire Brands in a well-run business such as Dunkin’ given the previous focus of the acquirer on “turning around struggling brands”. 47

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MOST PROMISING

HEALTHCARE SOLUTION PROVIDERS – 2020

PROVIDING LEADING-EDGE PHARMA-CENTRIC SOFTWARE

SOHAM ERP SOLUTIONS PVT. LTD. Kajal Dobhal | Business Connect Company Overview Soham ERP Solutions Private Limited was launched in 1988 by Mr. Suketu A Shah as a sole proprietorship. Mr Shah started with developing customized software for anyone and everyone on the Disk Operating System using Foxbase and Clipper. Before long, Soham grew to incorporate a team of ten members from pharmaceutical backgrounds with a vision of providing the best and most economical software to the pharmaceutical industry. With more than thirty years of experience in the pharma software industry, Soham ERP Solutions is now an ISO 9001:2008 and D&B registered company catering to small, medium, and large firms. It was in 2012 that the business was converted into Private Limited, and today they are a team of 55+ people developing a range of Pharma softwares for API Manufacturers, Formulators, Contract manufacturers, Exporters, C&F, C&A, and Wholesale Distributors. They use the latest technology of Oracle, Angular TS, Forms and Reports, Java and Android and Native Script. Soham allows the clients to simplify the processes without compromising with quality. The combination of experience, innovation, and hard work steers the firm ahead of the curve. “We do not just implement the software, we implement the system. So whenever there is a change in customer’s staff, they do not have to worry about the quality of the product because the company works according to the standard operating procedure (SOP) set by our system,” states Mr. Shah. During this long span they have developed and implemented software products for more than 2000+ customers in fourteen states of India and in nine other countries across the globe. The software products are validated as per the guidelines of USFDA, MHRA, TGB, WHO GMP and CFR Part - 11, and include:

PharmaCloud: SaaS and IaaS based Pharmaceutical Manufacturing ERP, a first in India.

MonitorEx: Specialized software for Pharmaceutical contract manufacturer and exporter.

e-Doc: Software to maintain electronically BMR and BPR, and make documentation paperless, giving complete control over pre-defined processes.

MonitorPlus: Specialized software for Pharmaceutical contract manufacturers, loan licenses domestic and for C&F / C&A. Radar: Mobile application and web-based software to monitor and manage sales force and marketing activities.

BarGen: Track and Trace software developed as per guidelines of GS1 and DGFT for pharmaceutical produce exports.

PdisPlus: Software for Pharmaceutical Distributors and Wholesalers.

PharmaSuite: Pharmaceutical manufacturing ERP for local installation.

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DrugPlus: Software for Pharmaceutical bulk drug traders.

Soham ERP Solutions can surely boast of being the only pharmaceutical manufacturing ERP on Oracle Cloud in India. Their PharmaCloud ERP hosted on Oracle Cloud using Oracle frontend and backend takes care of the whole spectrum of the manufacturing units. With Cloud Computing, customers have benefits like no capital expenditure, no license expenditure, fastest implementation, disaster recovery setup, smooth software updates, work from anywhere, competitive edge, and being environment-friendly.

knows from the market that hundreds of similar businesses have already successfully implemented PharmaCloud ERP, and that increases their confidence. Soham advertises in a few pharma magazines and takes part as an exhibitor in pharmaceutical exhibitions, but most of its clients come to them through word of mouth. As Mr. Shah puts it, “Our customers are our brand ambassadors.”

Dealing With The Covid Crisis During COVID-19 pandemic, the company’s focus was only on how to provide best support to their customers. The prime reason for that was all their customers fall under essential services as they were in the medicine manufacturing and distribution business. And Soham ERP Solutions were in turn the essential services for their customers. The challenge was to provide them continuous service without any special support from the Government.

The prime differentiating factor of the company is their point of focus. They are one of the very few, possibly the only software company in India, that is focused solely on pharmaceutical industries. Whatever they plan, develop and execute is only pharmacentric. That has given them an expertise of more than 30 years. They sail in the same boat of pharma, so they talk the same language and feel the same whatever the clients feel, which provides a comfort zone to their customers.

The steps they took, from the very first day of the lockdown, were: • Routed all the landline support phone numbers to support heads’ mobiles. Equipped each employee with laptop and phone for full internet connection. • Managed to keep all the office servers, machines and air-condition on for 24x7 during lock down. •

Created VPN for each staff member.

•

Contacted each customer through email, SMS, WhatsApp, etc, and assigned each of them one single point of contact for their immediate needs. They assured them 24x7 services during the lockdown to keep customers stress-free as far as software support was concerned.

•

They had already in-place a self-developed support software named “Task Manager”, which keeps the entire support team in loop and tracks the service call from its receipt up to the satisfactory resolution at the customer’s end.

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They had daily online meetings sharp at 10 am, which started with a prayer, followed by discussion of the unresolved or difficult issues of the previous day.

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Online training sessions were set up for different teams on different topics, which continuously upgraded their knowledge during lockdown.

Soham ERP Solutions Private Limited is the first in India to provide its ERP as a SaaS and IaaS model on Oracle Cloud for the pharmaceutical industry. This is a major jump where formulations, API manufacturers and pharmaceutical exporters of any size from micro to large can take its benefit from any model and save a huge amount of CapEx and OpEx. states Mr. Shah “They are Responsive, Responsible, and Reliable. Always happy to serve.” Awards and Recognition In its years of service, Soham ERP Solutions has made quite a name for itself, and been showered with awards for the same: • 2020- Awarded as The Ten Most Promising Healthcare Solutions Providers • 2019 - Awarded as Top Ten PharmaTech Solution Provider • 2019 – Excellence in Pharma IT Innovation Award • 2018 – Certified by SME – Empowering India •

2017 – Awarded as most Promising PharmaTech Solution Provider

They are Oracle Gold Partners and are an approved software developer at The UK Medicines Verification Organization (SecurMed), GS1 India Solution Provider for Barcode & Track & Trace and Gujarat Government – India Approved ERP Service Provider for Subsidy. They are also associated with a number of reputed pharmaceutical organizations as well, like IDMA, GPA, FPME, etc.

During this lockdown. The team learnt a lot and upgraded their products and their knowledge base. The monetary benefits were replaced by fourfold goodwill, and as a result, now during the unlock, their sales have substantially risen. Their Uniqueness Soham provides the clients with their precise strategy of software training and implementation process, which has proven itself through hundreds of implementations in the last three decades. They use the client’s real data and show them the whole process on their own data which gives them assurance. The most important point is each client already

With the young second generation, Mr. Binoy Shah (GS1 certified for barcode in healthcare), as the director of the company with a new vision and technology to upgrade the company to the next level, Soham is well on its way to an even brighter future.

www.businessconnectindia.in | Vol. 3 | Issue 5 December 2020 INDIA

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www.businessconnectindia.in | Vol. 3 | Issue 5 December 2020 INDIA