Abhishek Singh CEO of Mumbai based Taj Pharmaceuticals Limited says in an interview with Great Companies Business Magazine: At the onset of our approach, is the vision to create something new and affordable generics, which is not an easy task in the market. This is what helps us grow our business rapidly and also helps patients. While technology, knowledge, and a desire to serve life sets us apart and drive us all to innovate. However, API and Bulk Drug Supply and dependence from China remains a big threat and we wish to become more self-reliant.
Great Companies: Please tell me something about the business and how did you come up with such an idea?
Abhishek Singh: A rapidly-growing integrated research based pharmaceutical company, Taj Pharma Group is an institution working indefatigably to discover, develop and distribute best quality pharma products to the needy and serve mankind with our devoted medical staff comprising highly quality professionals with a rich wealth of experience. In December 2006, I as CEO launched the first 90 generics in the pharma isolated market of Lebanon. In its first year these cost effective generics received more than 1 million patients who could not afford branded medicines in their own county. We are satisfied with company’s current global exposure; highlights that it’s very easy get investment in pharma company; however, if greedy investors are allowed on the board of noble pharma companies; the greed always leads to drug price manipulation and then even though a company may become large scale, but essential purpose and motto of mine from Taj Pharma may be defeated; i.e. “human kind shall not make money from/at the cost essential lifesaving medicines and access to medicine shall be basic human right”.
Great Companies: What are the various services and products provided by your company?
Abhishek Singh: We, Taj Pharma Group are quality oriented pharmaceutical company in India and Have a Product portfolio that covers all major therapy area, including Anti -infective, Nutritional Supplements, Gastrointestinal, Pain management, Cardiovascular & Diabetes, Dermatology, Urology and central Nervous System (CNS). Using world class manufacturing facilities at Gujarat, Maharashtra and Daman, Taj Pharmaceuticals is all set to meet the upcoming challenges in the field of healthcare. A highly qualified and devoted workforce has always been an asset to the company. All the departments are interlinked to each other by a latest management co-ordination system to synchronize the administrative, manufacturing, marketing and exporting process of the company. With the support of its distributors and doctors, Taj Pharmaceuticals is all set to achieve the goals.Taj Pharma is leading manufacturers and marketers of Pharmaceutical formulations and recognized in the market, due to our ability to manufacture, export and supply a diverse and qualitative range of Injectable, Tablets, Capsules, Soft Gelatin Capsules, Oral Liquid (Syrup & Suspension), Oral Dry Syrup, External Liquids, Ointments, Creams, Betalactum Products, General Products , Nutraceuticals, Soaps, Shampoo, Eye Drops, Ear Drops , Oral Sachets & Powders , External Powder And Veterinary Products. To formulate our pharmaceutical products we use hygienic ingredients that we have sourced from the authentic and reliable vendors of the market who hold rich expertise in this domain.
Great Companies: Why should one choose you over others in this field?
Abhishek Singh: A rapidly-growing integrated research based pharmaceutical company, Taj Pharma Group is an institution working indefatigably to discover, develop and distribute best quality pharma products to the needy and serve mankind with our devoted medical staff comprising highly quality professionals with a rich wealth of experience. Taj Pharmaceuticals is rapidly growing pharmaceutical formulations’ manufacturing, marketing and export oriented company. Manufacturing and marketing of quality pharmaceutical formulations affordable to the Indian masses and having global quality is the motto of Taj Pharma Group. Taj Pharmaceuticals has expanded its reach to virtually every corner of India by continuously adding new distributors and agents all over the nation for its pharmaceutical formulations. Still it is a constant Endeavour of Taj Pharmaceuticals to spread itself at the unrepresented areas through appointment of new distributors. Taj Pharmaceuticals spread their business at the unrepresented areas through appointment of new franchise / distributors / sole distributors / pcd franchise on monopoly basis.
Great Companies: What do you think are the few main things which are most important for a successful business?
Abhishek Singh: All of this takes hard work, sharp execution, integrity and transparency on the part of Taj Pharmaceuticals Group colleagues. Taj Pharma global team is working to sustain and expand innovative new treatments. Taj Pharma India’re determined to do Taj Pharma part to increase access to better health care for all people. And, Taj Pharma India is focused on becoming the best in three key strategic areas: people, products and processes. Taj Pharma India’re beginning to see the results of Taj Pharma efforts, but believe the best is yet to come. The test of being a true champion is to never give up and to passionately strive for even better outcomes. From Taj Pharma perspective as a health care company, that means helping people around the world live better and live longer.
Great Companies: What are the struggles and challenges you face?
Abhishek Singh: At the onset of our approach, is the vision to create something new and affordable generics, which is not an easy task in the market. This is what helps us grow our business rapidly and also helps patients. While technology, knowledge, and a desire to serve life sets us apart and drive us all to innovate. However, API and Bulk Drug Supply and dependence from China remains a big threat and we wish to become more self-reliant.
Originally published at https://www.greatcompanies.in on May 29, 2020.
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About Taj Pharmaceuticals Limited
Taj Pharmaceuticals is the global leader in generics and one of the India’s top ten pharmaceutical companies. Taj Pharma India play a leading role in therapeutic areas such as cancer, virology and transplantation. The combined strengths of Taj Pharma generics and pharmaceuticals businesses, coupled with expertise in the emerging genetic sciences, equip us to develop integrated healthcare solutions and therapeutic approaches tailored to individual patients’ needs. Taj Pharmaceutical’s products and services address the entire healthcare spectrum, from screening for genetic risk factors, to preventing, diagnosing and treating disease, and monitoring the treatment response.
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