Biotech firms transforming this field are the main catalysts for the development and progress of biotechnology. In our special edition of "The Most Promising Biotech Companies in India," we present to you the incredible experiences of some of the leading companies that are changing the market with their ground-breaking and avant-garde technologies and services.
4. Editor’s Note
ith each passing year, the
Whealthcare sector is witnessing a
period of significant transition and
achieving new heights. Millions of dollars and
plenty of time are spent on R&D activities, on
new and successful discoveries to improve
human health. The biotech industry is no
exception to this technological revolution.
Biotech industry organizations are coming
together to form a collaborative ecosystem
and reach milestones by providing enhanced
science, dynamic business strategies, patient
centricity, and data-driven solutions to
business and society. They are constantly
striving to bring differential and high-quality
medicines, vaccines and consumer health
products to as many people as possible.
With the emergence of continuous
production, biotech companies are growing
their processing capacity, while at the same
time lowering environmental impact, and
lowering costs across the range of products
being manufactured.
As a result, they have successfully applied
ground-breaking technology such as AI, XaaS,
Artificial Learning, Smart Packaging, among
others, to their clinical research processes as
they could help them make educated
decisions based on high-value results.
Biotechnology has had the biggest effect on
the health market, having transformed a
variety of sectors such as food and beverage,
pharmaceutical, and more. The
methodologies of treatment have evolved
and new strategies have been developed to
tackle multiple deadly diseases. It has tackled
a variety of unresolved well-being problems
and contributes more to the uplifting of
treatment every day. From gene therapy to
SPEARHEADING
HEALTHCARE WITH
TECHNOLOGICAL
INNOVATIONS
5. vaccine discovery and processing, all leads to
the idea of sustainable well-being for
everyone. The area of biotechnology is rising
further and opening a multitude of
possibilities for the future.
Biotech firms transforming this field are the
main catalysts for the development and
progress of biotechnology. In our special
edition of “The Most Promising Biotech
Companies in India,” we present to you the
incredible experiences of some of the leading
companies that are changing the market with
their ground-breaking and avant-garde
technologies and services.
On the Cover we have Nivshakti Bioenergy,
the largest biotech company in North-East
India. It is prime input manufacturer and
supplier of Bio-Pesticides, Bio-Insecticides,
Bio-Fertilizers, and Bio-Fungicides. It also
deals with PGR (Plant Growth Regulators)
and Agriculture Enzymes.
The issue also features Accurex Biomedical
Pvt. Ltd, the first company in India to
manufacture urine test strips and enzymatic
clinical chemistry reagents; Dyna Biotech, a
company company into design, production,
installation, commissioning, automation,
integration, and validation of fermentors,
bioreactors, and peripheral systems globally;
and Sisco Research Laboratories Pvt. Ltd.,
one of the oldest and most respected
manufacturers of specialty fine chemicals,
microbiological, nanotechnology and
biotechnology reagents.
In an Interview, Dr Latha Damle, Director,
Atrimed Biotech, shares insights into the
working philosophy, quality ethics and
solutions that the company is working to
deliver.
Do go through interesting reads curated by
industry experts and our in-house editors.
Read on!
Sneha Sinha
6. Cover Story
08
INTERVIEW WITH INSIGHTS SUCCESS
Atrimed Pharmaceuticals
Traditional Knowledge,
Modern Pharmaceutical Solutions
16
Nivshakti
Bioenergy
Delivering Innovative
Agri-Solutions for a
Greener ‘Poison Free’ World
7. Accurex
Conveyor for Medical
Diagnostic Solutions
20
Dyna Biotech
Leveraging Innovation
to Achieve Excellence
24
Excellent
Biotechnologies
TA Leading Biotech Industry
34
Sisco Research
Laboratories
Leading the Industry
with Excellence
40
Understanding IUI
IUI – The Process, The
Results And Its Counselling
26
ARTICLE
Era of Biotechnology
Evolution of
Biotechnology
throughout times
36
C O N T E N T S
CXO
13. Industry experts and economists
claim that agriculture’s share in
Indian economy has progressively
declined. However, it still directly or
indirectly occupies nearly 50% of the
country’s workforce and contributes
towards nearly 17% of Gross Domestic
Product.
Looking at the present global scenario
and how population is growing, and
rising income in various cities of the
country will consequently result in a
higher demand for food.
However, a point to be noted here is
that the radical technological changes,
innovations, discoveries, and societal
upheavals of the present century has
left marks on food as well. Therefore,
it has fallen upon the agriculture sector
to develop new ways to meet the
increasing demand and produce more
products in terms of both, better
quality, and quantity.
So, what does this situation call for? It
demands precise agri-solution
providers for site-specific crop
management. These solutions should
integrate real-time data from sensors,
farm equipment, weather stations, farm
performance record and give accurate
analysis and plausible solution to the
problem.
This way the agri-solution providers
can help farmers in making strategic
decisions including starting from
investment in farmland, crop rotation,
soil repair, using fertilizers to even
water management.
Recognizing this opportunity at the
earliest and entering the agriculture
market with a new approach,
Nivshakti Bioenergy started its
journey intending to improve crop
yield and farm productivity.
The experts at Nivshakti Bioenergy
mitigate risks and implement targeted
crop management programs. “Our
focus is to provide comprehensive
solution to farmers”, quotes Sandeep
Jalan, Managing Director of the
company.
Nivshakti Bioenergy is the largest
biotech company in North-East India.
It is prime input manufacturer and
supplier of Bio-Pesticides, Bio-
Insecticides, Bio-Fertilizers, and Bio-
Fungicides. It also deals with PGR
(Plant Growth Regulators) and
Agriculture Enzymes.
Nivshakti Bioenergy today exports its
products to 19 countries. The company
provides a vast range of products based
on all kinds of Beneficiary Microbial
Formulations which are manufactured
using world’s latest Solid State
Fermentation Technology, Lyophilize
Technology and Nano Technology.
Why Nivshakti Bioenergy?
Now that we have established a
purview of the company it is important
to analyse what makes this company
different from others.
• Botanical Formulations are derived
from the Secondary Metabolites of
Plant Extracts
•Microbiological Products are
manufactured using World’s Latest
Solid State Fermentation Technology
Lyophilised Technology.
• Provide Fresh Stock with Localized
strain
• Oxy Packed for better Shelf Life
• Strains are Hardened Every time
• All the products are free from
Residue.
• All the products are simultaneously
tested from TRA and SGS India Pvt
Ltd and NABL accredited labs.
Frontrunners of Nivshakti Bioenergy
Nivshakti Bioenergy is the output of
the intellectual thinking of Sandeep
Jalan. Having founded the company,
Mr. Jalan also serves as the Managing
Director. He is the catalyst of the
company who spearheads overall
business and operations and is
responsible for the strategic and
growth initiatives of the organization.
A master’s degree holder in Commerce
discipline and a first generation
Entrepreneur in Biotechnology, he has
been heading the Group in diverse
development and industrial activities
all over the globe.
Mr. Jalan’s philanthropic actions are
set as an example for others to follow.
He is an active contributor and activist
at various social charitable
organizations. He is linked with few
International Organizations such as
IFOAM (International Federation of
Organic Agriculture Movements,
Bonn, Germany), Chemexcil (Govt. of
India), IMO (Institute for Market
Ecology, Weinfelden, Switzerland),
ICCOA (International Competence
Centre for Organic Culture,
Nuremburg, Germany) etc.
Aiding Mr. Sandeep Jalan in achieving
the company’s goal is Mr. Vishroot
Jalan who with his technical and
business knowledge is strategically
planning new breakthroughs for the
company. Mr Vishroot Jalan son of Mr
Jalan has joined the organisation after
doing his MBA. His vision will take
the organisation in new hights. Mr
Vishroot vision is to “act fast before
other think”.
Promoting the ‘Ayur’ Way of
Farming
The company believes in making the
world ‘Poison Free’ by manufacturing
high quality products with world’s
most advanced technologies. All the
products of are Nivshakti Bioenergy
Companies in India
The Most Promising
14. are formulated based on ancient Vedic
knowledge of PRANA (energy) &
PANCHAMAHABHUTA (five basic
elements) such as Prithivi (earth), Jal
(water), Agni (fire), Akash (space) and
Vayu (air).
The company conceptualized adhering
to the values given in Vriksh Ayurveda,
Knowledge of life of plants. Ancient
agriculture scientists recognized
various pests and diseases as major
causes for poor growth of plants. They
developed organic agents and locally
available materials to treat the plant
related problems. Adhering to the
same, the lab technicians at Nivshakti
Bioenergy are always geared up to
provide E3 Solutions (Eco-friendly,
Economical and Effective).
Reaching Every Farmer in the
Country
We can thus say that the company was
founded out of necessity by Mr. Jalan
who desired to apply his collective
farming knowledge and manufactures
bio-fertilizers in a niche market where
positive environmental impacts could
be made. However, that is not the only
thing that the company addressed too.
Considering how bio-fertilizers are not
common among conventional farmers,
Nivshakti Bioenergy ensures that every
farmer is aware of the benefits of bio-
fertilizers. It conducts workshops, one-
on-one talks and interacts with farmers
about the same. “We conduct ‘Farmer
meetings’and Road show promotion to
reach in every corner of districts and
villages. We perform awareness
programs to literate the cultivators on
various aspects of cultivation and
make them aware of all the latest
trends in the present market,” shares
Mr. Jalan.
Aligning to its mission, this strategy of
familiarizing farmers about ‘poison
free’ and bio fertilizers, the company
ensures that the strategic distribution of
its products are seamless. All that one
has to do is log in to the company’s
website and find products addressing
their crop issues and place the order.
Following to this the company
functions on a dealer-distributor
network system, wherein the products
are supplied to the dealers of
distributors who further supply it to the
retailers.
Another greatest advantage that the
farmers get while using Nivshakti
Bioenergy products is that it allows to
verify all its products. “We give free
trials to our users to grab confidence
in our products,” emphasizes Mr.
Jalan. ‘Trust what we say and Verify
what we do,’ is the central philosophy
of this company.
A Peek into the Shop floor
Having described about Nivshakti
Bioenergy, let us now look at the
company’s methodology that enables
seamless production and distribution of
its products.
In-house Designing Facility: The
Company’s team of dedicated
professional designers, understand the
client’s requirement and designs the
label / box according to the product
portfolio with dynamic new ideas.
Supreme In-house Packaging
Facility: The company has best
supplier of HDPE bottle, high quality
Aluminium Pouches, Corrugated
Boxes to pack its products. These
bottles and boxes are made by the best
quality raw materials with many
shapes and options.
Re-packaging & Labelling:
Nivshakti Bioenergy manufactures
Liquid, Powder, Granule products. It
has highly equipped machineries for
refilling, labelling outer packaging.
“
“Let’s join
hands
together
to make
the world
poison free…
TO LIVE
AND LET LIVE”
15. The company can also supply material/
product in client’s own brand name if
desired.
Transportation Facility: This
company provides best transport
facilities which arranges the shipment
according to the destination with the
best suitable means of transport (Road,
Rail, Sea, Air). It also provides the
facility of tracing the shipment with the
regular transporter and ensures timely
delivery to its respective clients.
Regulatory Affairs: Nivshakti
Bioenergy has a separate department to
look after the Regulatory Affairs which
includes preparation of Dossiers,
Physio Chemical Data, MSDS, Custom
Clearance etc. as per the requirement
for registration in any country.
Making Lasting Differences
We had claimed that offering
comprehensive conclusive solutions to
farmers is the prime goal of Nivshakti
Bioenergy. Though we are familiar
with its bio-fertilizers, the company
has conceptualized bigger and grander
plans.
Considering how technology is being
used to offer real-time and customer-
centric solutions, Nivshakti Bioenergy
too has designed an app that enables
farmers to avail customized solutions.
This will help farmer on recent
advancements and even solutions to all
their farming, production and crop
yielding related queries This can be
download from google app store
Further to this the website,
www.agrihelp.co provides farmers with
inputs in competitive price.
Furthermore, the website also acts as
an aggregator of all distributors,
suppliers and even manufactures who
can with and either promote or sell
their products. This will help
manufacturers to showcase their
product to nearly 7lac farmers and 1.5
lacs distributor in India. Further to this
in 25 country nearly 20,000 related
organisations.
Towards a Poison-Free Cultivation
From the all the above we can be
certain of one thing which is, using
bio-fertilizers equals to producing
organic crops. And thus, the continuous
endeavour of Nivshakti Bioenergy to
promote using bio-fertilizers and the
growing demand of organic food will
soon lead the world to use ‘poison-
free’ products.
While prioritizing the actual goal,
Nivshakti Bioenergy is also scale up
for major organizational changes.
“We definitely eye on overall growth of
company and every individual related
to this organisation. It is one of the
toughest challenges. The success
depends on your efforts to grow profits
using various methods. From employee
training to marketing, every aspect of
your business deserves attention.
Rapid growth does not happen
overnight.
We strongly focus on our vision to
achieve maximum customer
satisfaction by providing Cost Effective
Bio Products by means of our
Transparent Business Practices. In
course of time we would like to see
Nivshakti Bioenergy’s presence in the
entire globe and nurturing with
organic products to keep safe this
mother earth,” adds Mr. Jalan.
The future plan for the company also
includes launching a portal where it
will connect farmers to Manufacturers.
This portal will help farmers to get
quality products in competitive prices,
and on the other hand the
manufacturers can reach customers pan
India as well as 25 additional
countries.
Nivshakti Bioenergy has a database of
7 lakh farmers and 1.3 lakh
Distributors / retails / agents.
Agrihelp.co will be a platform where
everything is available on single
window including real-time
consultations. The consulting app can
be downloaded from the play store and
the website will be live by middle of
next month.
To reach them:
sandeep@shaktibiotech.in &
vishroot@shaktibiotech.in
Visit: www.shaktibiotech.in &
www.agrihelp.co
16.
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www.insightssuccess.in
18. A
ncient India was a land of
wisdom and is said to be
much advanced than the
civilization today is. Ayurveda or the
system of medicine is just one of
many advanced practices that were
prevalent. However, with time,
these ancient teachings which were
once lost, have now been
rediscovered with the modern world
now recognizing the power of
alternative medicine.
Using this ancient wisdom to find a
cure for the modern-day ailments, is
Atrimed Biotech, a start-up, aimed
at carrying out high quality research
and developmental activities. These
activities are reinforced and driven
by qualified professional staff from
diverse fields of science. It is
fostered by a group of healthcare
and research professionals, who
have extensive experience in the
field of phytochemistry,
biotechnology and clinical medicine.
Atrimed’s founders are individuals
who are actively involved in human
healthcare and research and
developmental activities. Director
and Chief Scientific Officer, Dr
Latha Damle is an Ayurvedic
physician with post graduate degree
in plant pharmacology and a
fellowship in the field of medicinal
chemistry at Toyama Medical and
Pharmaceutical University Toyama,
Japan. She has also acquired
proficiency in chromatographic
analysis which is the backbone of
natural products research.
Dr Latha Damle’s research is
propelled by her insight that
therapeutic efficacy cannot be
attributed to one molecule but to a
combination of multiple
complimentary molecules, also
known as Poly-pharmacology. She
studies the biological activity of
complimentary molecules.She has
developed new methods of
extraction of unique chemicals from
plants, their standardization and
measurement of their presence in
the final product.
Dr Latha, with her understanding of
plant chemistry, knows that the time
of collection of plant material and
parts of the plants to be used for
optimum extraction are of prime
importance. With her background in
clinical pharmacology and medicine,
she has evaluated the efficacy of
these Phyto-molecules against
various diseases.
In this Interview, Dr Latha shares
insights into the working philosophy,
quality ethics and solutions that
Atrimed is working to deliver.
Kindly share more details about
Atrimed.
At Atrimed Biotech, we have active
collaboration with pharmaceutical
companies to conduct research into
authenticating and investigating old
medical concepts through modern
methods, resulting in development
of potential leads to new
pharmaceutical products. Quality
and ethics are inherent to the
organization. Atrimed has policies
and procedures to safeguard the
highest quality standards and
assured therapeutic efficacy. Our
research professionals demonstrate
world-class competence and
aptitude, with the support of robust
infrastructure. The main strategy is
based on integrated discovery,
several approaches to development
and specific disease proficiency
(inflammation, infection,
immunomodulation etc).
Atrimed Biotech is an LLP, incubated
at the Bangalore Bioinnovation
Atrimed
BiotechTraditional Knowledge, Modern Pharmaceutical Solutions
We have been
working in this
field through a
critical process
to discover, refine
and test
out the safety
and efficiency
of plant-based
medicines
“
“
www.insightssuccess.in16 | September 2020
19. Centre (BBC), Bangalore Helix
Biotech Park, Institute for
Bioinformatics & Applied
Biotechnology (IBAB), Bangalore.
Kindly tell us about the prominent
services and solutions that Atrimed
offers.
We are involved in widespread
research of phytochemicals and
their applications in the field of
medicine. Currently our focus is to
develop therapeutics for
autoimmune diseases that lead to
inflammation, such as psoriasis; and
in skin infections such as acne, and
other bacterial and fungal
infections. Our research is also
focused on other aspects of human
health, such as wound healing, anti-
aging etc.
We have gained potential leads to
breakthrough remedies in treating
psoriasis and acne. These leads will
be interpreted and analysed by our
team, to elucidate the mechanism of
action of the therapeutics, using
several chemical, biochemical,
immunological and tissue culture
techniques. The research team has a
great insight into ancient knowledge
and expertise in human diseases,
plant chemistry and biotechnology.
We corroborate old concepts
through modern methods, which
include lab tests and clinical trials in
collaboration with highly reputed
independent medical research
centres and hospitals. We are thus
able to translate old wisdom into
new and fuse them efficiently.
What is the present scenario of the
industry? How are you contributing
to making it better?
The current pandemic situation
increased difficulties in every
industry, and Ours is also not
Dr Latha Damle, Director and Chief Scientific Officer
www.insightssuccess.in 17| September 2020
INTERVIEW WITH INSIGHTS SUCCESS
Dr Hrishikesh Damle, Founder and CEO
20. spared. Most players are invested in
COVID-19 research. We are
focused on the current situation and
market opportunities providing
immunomodulator products,
advanced plant-science-based
sanitizer along with our existing
products. Our Team is also working
on different aspects of COVID-19.
Our E-lecture series AtrimedX
focused on insights and awareness
about COVID. We started
Telemedicine practices in our Mahila
clinics to benefit the needy patients
and enable them to stay safe at
home.
Atrimed has done extensive
research on Covid 19 targets and a
Virucidal (anti-viral) drug of Herbal
origin is going for Phase -2 trial. The
drug has proved safe and effective in
killing the virus in Invitro studies.
Among number of competitors,
how have you managed to stay at
the top of the ladder? What are the
characteristics that set you apart?
We are using modern and cutting
edge science to improve over
traditional ayurvedic medicine. This
is what makes us different from our
competitors in terms of drug
development or effective products.
We offer very niche' products lines
and focus on the quality.
Conceptualising every scenario
helps us to deliver the best in the
segment. There are many things we
can gain and learn from plants &
nature, and we are trying to do that.
What are the latest developments
that you have identified in your
field of focus? How do you ensure
to stay at pace with them?
We are into drug discovery for
COVID19. We will soon announce a
breakthrough. We are also working
on snake venom neutralisation and
cancer Immunology.
What are your future plans for the
company? Where do you see the
company in the years to come?
We launched plant science-based
face wash and Hand sanitizer in last
month. We will soon launch a range
of plant-science based beauty and
healthcare products. We are
working on to create products
which are more efficient than
average herbal products with the
help of advanced research and
medical science. The demand for
natural products is increasing day
by day future looks extremely
bright for us.
Dr Shiban Ganju
MBBS, MD (Gastroenterology)
Founder and Chairman, Atrimed Pharmaceuticals Pvt. Ltd.
Dr Ganju is the founder, chairman of Atrimed Pharmaceuticals. His experience has spanned over the years, in
India and the USA, in various disciplines of healthcare, including tertiary clinical care, public health and
business. He worked as a consultant at The University of Chicago Ingalls Hospital and Advocate Healthcare,
Illinois. Formerly, he was the CEO of Reliance Health & Technology, director Prakriya Hospitals, an adviser to
InnovatioCuris Inc. and other organizations. He was also the founder of Indo-American Medical Association,
Illinois. Besides participating in policy making and think tanks, he also served in the Indian army.
Dr Hrishikesh Damle
BAMS, MD
Founder and CEO, Atrimed.
Dr Hrishikesh Damle is the founder, CEO and Managing Director of Atrimed. He is a physician, trained in
Ayurveda with post-graduation degrees in plant pharmacology and clinical pharmacology. He quit his well-
established medical practice to pursue entrepreneurship in 2003. Dr Damle, with passion for science and
infectious optimism, assembled scientists of multiple disciplines under one umbrella to achieve a common
objective: new drug discovery from plant molecules.
KEY ADVISERS TO THE COMPANY
www.insightssuccess.in18 | September 2020
21.
22. AccurexConveyor for Medical
Diagnostic Solutions
While most pharmaceutical companies use only
chemical and generally artificial materials to
create drugs, the paradigm shift is now towards
using live organisms or their byproducts, such as bacteria or
enzymes, to manufacture drugs. This has given rise to the
Biotech’ companies.
The importance of going green in pharma can be gauged by
the fact that Johnson & Johnson and Pfizer, two of the
largest pharma companies in the world by revenue, also
have numerous biological therapies. Clearly differentiating
based on a company’s assets or services is no longer valid.
In biotech companies, the focus is often on science and how
it can be used to solve complex healthcare issues. In this
setting, the value of the technology is defined by its ability
to solve these problems. This, of course, comes with a much
higher risk on the side of biotech companies, but
considering the value so early in the process and building a
company around the ethos of solving challenging problems
is key to understanding what makes a Biotech company.
One such company is Accurex. In 1984 almost 100% of the
diagnostic reagents were imported into India. Mr A.J.
Thakur founded Accurex in 1984 to indigenize the
manufacturing of imported reagents in India.
Accurex was the first company in India to manufacture
urine test strips and enzymatic clinical chemistry reagents.
This was the beginning of the IVD clinical chemistry
manufacturing industry of India.
The journey of Accurex since 1984 has been on a growth
trajectory. With the continuous launch of innovative
products, Accurex has created a brand name in the Indian
IVD Industry. Let’s trace the growth with the team:
Kindly provide a brief overview of your products and
services.
In the laboratory diagnostics space, Accurex offers the
The journey of Accurex since
1984 has been on a growth
trajectory. With the continuous
launch of innovative products
Accurex has created a brand
name in the Indian IVD Industry
“ “
Abhinav Thakur
Managing Director
About the leader
Abhinav Thakur, the current Managing Director,
was studying in the USA when, unfortunately, his
father passed away prematurely. He came back to
India to run the company for his family.
At that point of time motivation for him was survival
of the family business. Now the motivation is to grow
the company so he can have an impact on the
healthcare industry by manufacturing affordable and
high quality medical diagnostic products.
Since his appointment as Managing Director of
Accurex the company has grown 4.2 times in
revenue and our team size has increased from 90 to
170 individuals. It has moved from a diagnostic
reagent company to diagnostics reagents and
instruments company.
www.insightssuccess.in20 | September 2020
23. entire range of clinical chemistry and haematology
reagents. In Instruments, we offer semi-automated, fully
automated clinical chemistry, 3 part, and 5 part
haematology analysers. We also offer urinalysis test strips,
urinalysis meters, and immunology rapid tests.
In the Point Of Care (POC) segment we offer blood glucose
meters, haemoglobin meters, HbA1c meters,
immunofluorescence meters, uric acid meters, and
respective test strips.
With regards to your organization’s profound industry
experience, how do you think the chemical industry and
market have evolved and what can be expected in the
forthcoming years?
The diagnostics industry in getting disrupted by point of
care (POC) testing.
Point-of-care testing (POCT), or bedside testing is defined
as medical diagnostic testing at or near the point of
care—that is, at the time and place of patient care. This
contrasts with the historical pattern in which testing was
wholly or mostly confined to the medical laboratory, which
entailed sending off specimens away from the point of care
and then waiting hours or days to learn the results, during
which time care must continue without the desired
information.
POC testing is getting popular in the medical diagnostic
industry. Through POC testing the lab tests are available at
the doctors and patients at home. This is convenient to the
patient. Accurex has launched a complete range of POC
products to ensure faster and convenient testing.
What are the benefits gained by your clients/users from
your products/solutions/services?
Diagnostics affects 70% of medical decisions and in only
3% of the healthcare costs.
There is a dire need in India to reduce the ever-increasing
cost of health care and diagnostics plays a pivotal role in
the efficient use of resources.
India is till date dependent on imports for its IVD needs
with almost 80% of IVDs being imported. The cost of
manufacturing in the developed world is many times higher
than the cost of manufacturing in India consequently by
manufacturing indigenous products Accurex lowers the
healthcare costs in India.
By using preventive diagnostics effectively we can prevent
diseases in advance and significantly lower the cost of
health care in India.
Its an honour for Accurex is contributing to the reduction of
healthcare cost to patients and ultimately to our country.
In what ways does your organization contribute towards
the Corporate Social Responsibility cause?
We at Accurex believe wealth creation leads to wealth
distribution. So it’s our endeavour to create prosperity so
we can contribute towards the economic development of
India.
What obstacles and/or limitation does your organization
face while growing, sustaining or retaining its clientele?
The diagnostics industry is capital intensive because the
business model in our industry is moving towards analysers
being placed on reagent rentals. In order to place analysers
on reagent rental, we have a large capital requirement. This
is the challenge we face in our industry.
Could you list out the most growth-deteriorating
challenges for your organization till date?
Service is key in the diagnostics industry. The analysers
need a fast turn around time (TAT) in case of breakdown.
Providing service in a large geographical country like India
with underdeveloped infrastructure is a challenge.
What does the future hold for your organization in
terms of internal as well as holistic development?
Now the motivation for me is to grow the company so I can
have an impact on the economic development of our
country. I strongly believe that strong economic
development is the antidote the poverty.
The next major milestone for me in this decade will be
getting Accurex listed on the exchange.
Would you like to highlight any awards, accolades or
testimonials your company has achieved throughout?
Ranked #10 in BioSpectrum Top 20 Indigenous Medical
Devices & Diagnostics Companies 2019 Survey Selected as
“Visionary leader in Healthcare 2017” by Medgate
Magazine.
Ranked at number 19 BIOTECH companies ranking by
Biospectrum Magzine analysis done by KPMG Altina
Entrepreneurs Excellence Award,2017 in healthcare
category.
Indias most Innovative and Valuable Medical Devices
Company 2017.
The Most Promising Biotech Companies in India
www.insightssuccess.in 21| September 2020
24.
25.
26. Dyna
Biotech
Dyna
Biotech
Leveraging Innovation to
Achieve Excellence
O
ver the past years, advanced diagnostic, improved
drugs and HealthTech & MedTech innovations
have significantly improved life expectancy and
the quality of life. Industry experts are expecting significant
changes to shake up the healthcare landscape in the next
few years
Few industry experts claim that, we will be soon entering
into the era of digitized medicine and well-networked
laboratories. They have also predicted that health data will
spread across the people and will be pervasive, which will
affect both health insurers and medical services Providers.
These upcoming trends have created growth opportunities
for many industry participants such as healthcare service
providers, pharmaceuticals, diagnostics and medical
technology manufacturers.
Recognizing the same, some of the world’s most leading
medical device, biopharma and biotech product
development firms are at the helm of this ever-changing
innovation trail, and Dyna Biotech is leading the way. The
company is into design, production, installation,
commissioning, automation, integration, and validation of
fermentors, bioreactors, and peripheral systems globally.
A Matter of Precision and Efficiency
Dyna Biotech is faithfully committed and esteemed
manufacturer and supplier of world class equipment. It
bears the crown of having all the product range from
upstream to downstream equipment manufacturing. The
company manufactures Biotech equipment like Fermentors,
Bioreactors, Process Vessels, Cleaning and sterilization
systems, Filter Housings, Microfiltration and ultrafiltration
(TFF) Systems and other equipment, all of which are
governed by ASME, TUV-NORD, ISO certification and 21
CFR automation guidelines.
At Dyna Biotech, Automation is the connective link of
fermentation/ Bioreactor; upstream and downstream
system. The company has an in house development team
for automation, led by experts. This team has extensive
knowledge and experience of making system work
remotely. The engineers are responsible for maximum
automation and testing of the equipment. The team of Dyna
Biotech includes experts in Telecommunications, operation
and designing in PLC, HMI, SCADA, DCS, Automation
Control Panels, Panel Layout and Maintenance.
Finding and Maintaining Balance
It is now evident that the company occupies the niche of
Empathy and
understanding
towards the need of
clients makes us unique
“ “
Dr. Vinodkumar Patil
Founder
www.insightssuccess.in24 | September 2020
27. specialized bioreactor manufacturing and automated
customized-fermenter and is already leading the industry.
However, that is not the prime factor that sets this company
apart from other biotech companies. Dyna Biotech
constantly strives to achieve balance between the
functionality and affordability of its products while
prioritizing the efficiency and quality of all the products.
“We ensure healthcare is an inevitable aspect of any society
across the globe. And hence we manufacture the world
class equipment in affordable cost. This equation is very
important, as more affordable you make equipment; more
you can ensure the healthcare facility to one and all,”
comments Dr. Vinodkumar Patil, the Founder of the
company.
The below-mentioned pointers enable the company to
achieve the aforesaid goal along with evolving as a globally
leading Biotech equipment manufacturer.
• Making strategic investments in R&D, seeking new
applications for the company’s existing range of
products and driving the expansion and diversification
of its product portfolio into new sectors and markets
• Offering value-added customer service and technical
support and to deliver the product on time’
• Constantly and energetically seeking to improve the
company’s system, reinforcing its dedication for product
and process improvement
• Maintaining a high quality workforce with equal
opportunities for all and producing the highest quality
products of good validation, quality control and by
maintaining standards allowing consistent, reliable and
accurate results
Another feature that sets the company apart from other is its
client-centric approach. Starting from design, installation,
commissioning, production, integration, automation and
validation is monitored adhering to the requirements and
demands of the clients. The equipment installed in
Biopharma industries are the soul of the manufacturing,
thus it is a very serious and accountable responsibility for
company like Dyna Biotech.
Establishing a Global Presence
American author, Earl Nightingale quoted, “Everything
begins with an idea” and so bringing a paradigm shift in
Biotechnology and Biopharma industries globally was the
idea of Dr. Vinodkumar Patil and thus he established Dyna
Biotech. Although being a Microbiologist by qualification,
Dr. Patil’s experience, vigilance, and meticulous hard work
in the field of engineering makes him excel in the field of
Biotechnology as well.
He is an expert in antibiotics production, steroid
biotransformation, cell culture, vaccine process
development, production, scale-up, optimization, validation
and product launch. He also has, to his credit the experience
of working under the Regulatory guidelines like, FDA,
EMEA, cGMP and WHO and is well versed with it.
Under visionary guidance of Dr. Patil, Dyna Biotech has
successfully made its presence felt in international markets.
The company serves the clients located at countries
including South Korea, Taiwan, Thailand, Bangladesh,
Turkey, Germany and United States. Considering the
growing demand, Dr. Patil established an international
marketing, sales & service office at Bangkok, Thailand. It
is an eight member team along with Dr. Patil constantly
strives to achieve the company’s goal.
“We strongly believe serving the international market
allows generating foreign currency for development of the
nation as well as society. This commitment in the sector of
healthcare is a valuable compassion of Dyna Biotech team
towards the national and international society. This makes
us matchless and outstanding above all other players in the
domestic & international market,” shares Dr. Patil
Pursuing Excellence and Innovation
We can thus conclude that this company which started off
with a goal of providing predictive and personalized
systems and has now emerged as a brand in the market for
its automated fermentor, bioreactor products.
However, the Biotech and Pharmaceutical industries are
always evolving and developing and hence, it is a
challenging task to manufacture a Bioreactor, fermentor &
other necessary equipment while being par with industry
innovations.
However, Dyna Biotech tackles this challenge by sticking
to one principle; meeting the demands of its clients on time.
“Dyna Biotech ensures the ease of manufacturing for its
clients. Our on-time delivery strategy aligned with flawless
workmanship & perfect blend of automation makes the
equipment unique and innovative. The innovation for Dyna
Biotech is continuous process; we are always ready to
accept the challenges,” concludes Dr. Patil.
The Most Promising Biotech Companies in India
www.insightssuccess.in 25| September 2020
28. IUIThe Process, The Results And Its Counselling
Dr Ritu Hinduja
Understanding IUI
www.insightssuccess.in26 | September 2020
29. ABOUT THE AUTHOR
1. MOGS - Shantabai Gulabchand Travelling Fellowship award
2. MOGS - C G Saraiya Travelling Fellowship award
3. MOGS - Banuben Nanavati Travelling fellowship award
4. MOGS - Dr Pramila Bhatia Award for Best research work
done
5. MOGS: Dr H S Palep Award for Best Research work in
Recurrent Pregnancy Loss
6. FOGSI - Dr Shanti Yadav Award for Best research in
Infertility
7. FOGSI - Dr Kumud Tamaskar Award for Best research in
Infertility
8. FOGSI - Chorion award for Best research
9. Wonder FOGSIAN Award
10. Champion of ISAR Award
11. ISAR YUVA Orator
12. Recipient of the Best paper award at MOGS annual
conference 2017 and 2018,
FEM conference 2017
13. Central Asia Regional Conference organized by Association
of Medical women in India 2010
14. Best Poster award at the Annual Conference of AMOGS
2009
She is the author of numerous scientific
papers and chapters and has lectured at
National and International meetings and
conferences. She is also an Editor of NOVAS-
"Handbook of Infertility 7th Edition:
Abnormalities of the Pelvis." and Nova’s’ Text
Book of Infertility. She has been a part of
many decision-making panels as an expert
and is a reviewer for many scientific journals.
Dr. Ritu Hinduja is a proud Elected Member of
the Managing Committee Indian Society of
Assisted Reproduction 2020-22 & also an
elected Youth council Lead of the Mumbai
Society of Obstetrician and Gynaecology
(MOGS)
She loves to smile, and her patients are
instantly put at ease with her warm smile. She
is a Happy mom of a daughter. Her hobbies
include Reading for herself and to her little
one and travelling with her daughter. She
strongly believes in debunking myths,
breaking taboos and clearing misconceptions
about Fertility & IVF and is constantly striving
towards it.
AWARDS
/ PRIZES
Dr. Ritu Hinduja is a Senior Consultant Reproductive Medicine at NOVA IVF ( Andheri, Mumbai ).A native of
Mumbai, she completed her Medicine from a town near the city of Nagpur called Wardha. She has a decade
long experience in field of Fertility and IVF. In her career she has helped close to 6000 plus couples achieve
their dream of parenthood. She has strikingly good success rates ,which can be vouched by parents who have
conceived with her.
Dr. Ritu Hinduja is Board Certified in Obstetrics and Gynecology. While pursuing her studies she developed a
keen interest in the field of Infertility which she nurtured by completing Masters in Reproductive Medicine from
Homerton University, London, she has also received a Diploma in Reproductive Medicine from Keil University,
Germany and a Fellowship in Infertility from Institut Marques - Spain & Assuta Hospital – Israel. Added to this
she also carries a Certificate in Genetic Counselling.
Her passion and dedication resulted in her being a leading expert in all techniques of Assisted Reproduction.
Dr.Ritu’s research and clinical interests include fertility preservation, poor ovarian reserve and Pre Implantation
Genetic Testing.
During Her career she has received many awards and accolades for her excellent work in the field of Infertility
and Reproductive Medicine a few of them are mentioned below
www.insightssuccess.in 27| September 2020
30. ntra uterine Insemination (IUI) is a type of artificial
Iinsemination in which actively motile sperms are
injected directly into the uterine cavity near the time of
ovulation. This procedure can be performed either with
partner’s sperms or with sperms from a donor. It is
considered the first-line treatment for unexplained
infertility, mild endometriosis, or mild male factor
infertility. IUI may increase the chances of conception of
the couple if the patient selection is done correctly.
Often couples undergoing an IUI cycle need support and
counselling because of the emotional stress they are going
through.
Couples who decide to opt for fertility treatments, tend to
have a plethora of questions and often seek some guidance.
Common Questions that they tend to ask are
1) What will the entire process be like?
2) Will the treatment or any step involved in it have any
side effects or risks?
3) Is the decision for going for IUI the right one?
4) What is the success rate of the procedure?
5) How many times will I have to opt for it?
6) What are the precautions or care we need to take while
the procedure is going on and even after the procedure
is done?
7) What are the finances involved?
And many more. ………
During this time a proper counselling from the treating
doctor and a fertility counsellor can help put the couple at
ease and alleviate most of their concerns.
Intrauterine Insemination (IUI) Treatment varies for every
couple and involves a basic few steps before the artificial
insemination process takes place. Summarized in the
algorithm below (Algorithm 1)
History Taking
Investigations of Female Investigations of Male
Semen Analysis
• Hormonal Evalation:AMH
TSH, PRL
• TVS Ultrasound
• Tubal patency- by
laparoscopy or HSG
Ovulation Induction/
Ovarian stimulation
*
Trigger when
Optimal follicular
size is achieved
Perform IUI
Algorithm 1: Steps before the IUI process
Clomiphene citrate
50/100mg OR letrozole
2.5/5 mg
Trigger if lead follicle
size 18-20 mm
Day 2 Day 6 Day 9 Day 11 Day 13
- IUI
Consider adding
Gonadotropins
Figure 1: A typical Ovarian
stimulation before an IUI cycle
www.insightssuccess.in28 | September 2020
31. After a thorough history taking and evaluation when an IUI treatment cycle is advised the treatment cycle is started on day
2/3 of the menstrual cycle. Ovarian stimulation is done with the help of either oral ovulogens or injectable gonadotropins in
the decided dose.Regular transvaginal ultrasounds are done on day 6, day 9 and day 11 of the menstrual period to monitor the
growth of the follicles, once the lead follicles reaches a desired size of 18 to 20 mm a trigger injection is given and an IUI is
done 36 to 48 hour later (Figure 1).The follicle ruptures around 36 hours after the trigger injection, and the egg once the
follicle ruptures can survive for 24 hours. The IUI can be done 48 hours after the trigger injection because the process of
capacitation is done in the lab. During the procedure, the male partner will be asked to provide a semen sample about an hour
or two before being scheduled for insemination. This is done by masturbating into a sterile container at the doctor’s office or
at home. The semen is “washed” to separate the sperm from the seminal fluid. This must be done before the sperm can be
injected into the uterus because the seminal fluid contains substances that can irritate your uterus. The sample once processed
should be inseminated within an hour of preparation.
How doing an IUI may increase chances of getting pregnant ?
It reduces the effect of factors such as,
• Vaginal acidity
• Cervical mucus hostility
• Deposit motile morphologically normal sperms as close to the
oocyte as possible, as close to the time of ovulation as possible
• Sperm wash techniques enhance fertilising capacity of the sperms
• IUI increases the number of sperms reaching the ampullo-isthmic
junction
How does sperm washing before doing an IUI help?
• Getting rid of debris, abnormal sperms, dead sperms, seminal
plasma
• Picking up good motile sperms
• In vitro capacitation
• Concentrates the motile sperms into small volume
• Eliminates prostaglandin form semen sample and there by does
away with any contractions that may occur in the uterus due to the
prostaglandin reaction
How does stimulating the ovaries for an IUI process help?
• Increasing the number of eggs available for fertilisation
• Overcoming subtle defects in ovulatory function and luteal phase
• Controlling the timing of ovulation
• We can time the insemination
• Stimulated ovaries come closer anatomically to the fimbrial end of
the fallopian tubes hence facilitating egg pick up by the fallopian
tube
• may affect tubal vascularity to enhance ovum pick up mechanisms
How is the process of IUI done?
The procedure is ideally carried out in a dedicated insemination room or the
theatre with the sterilised instruments laid out on a trolley
Couple is received in the waiting area
Paper work and reports will be
checked
Time of trigger taken confirmed
Rupture confirmed on TVS Ultrasound
Male Partner sent for semen
collection
Female partner is asked to drink
water and keep her bladder full
Once the semen sample is Ready
1) Patient identification done
2) Sample verification done
3) Patient is taken in the IUI suite
4) IUI process done
5) Patient rests for 5 minutes
6) Luteal phase support
medicine prescribed
Post IUI counselling done
follow up after 15 days
Algorithm 2: What to expect
on the day of the IUI
www.insightssuccess.in 29| September 2020
32. • Immediately after semen preparation (within 90 minutes
of collection).
• Sample is maintained at 37°C in a test-tube warmer /
held in a fist. Can be kept outside at room temperature,
but not for long periods.
• Patient is asked not to void her bladder, to help correct
the anteversion of the uterus
• Once the bladder is full, Lithotomy position is given
Cervix is exposed with a bivalve (Cusco’s) speculum
• Patient identification is done by the doctor and the
andrologist
• It is confirmed with the patient wether donor sample or
husband sample is being used
• Insemination is done with a plastic cannula with or
without ultrasound guidance
• Patient is asked to rest for 5 minutes then asked to void
bladder completely
• Luteal phase support is prescribed for the next 15 days
• UPT or Bhcg is done after 15 days which tell us if the
woman is pregnant or not `
Counselling sessions help to recognize various psycho-
social and emotional problems faced by couples having
fertility issues. The counsellors help to resolve the issue by
conducting various therapies and counselling sessions.
A) A dedicated IUI suite
B) Trolley set for
an IUI process
www.insightssuccess.in30 | September 2020
33. There are various types of counselling sessions for the
couples who are facing infertility issues. They include –
1.Pre-treatment counselling which is a prior session before
starting the fertility treatment. This counselling depends on
what type of fertility treatments the couple is taking. The
discussion involved in Pre-treatment counselling includes-
• Explore and discussion of any issue that might affect the
treatment.
• Usually, couples might get confused about the medication
which can affect the treatment. Pre-treatment counselling
helps to understand the medical advice given to the
couple during the treatment.
• Helps the couple to understand the rights, psychosocial,
and ethical implications, responsibilities, and any legal
consideration to be taken care of.
• The important details and information which the couple is
not aware of are also clarified during this session.
How successful is IUI?
Couples are often curious to know about Intrauterine
Insemination (IUI) treatment’s success rate and wonder if it
could help them conceive and get pregnant. There are
various factors which affect the IUI treatment’s success
rate. There are –
1. Age of a woman undergoing the IUI treatment.
2. Status of the Fallopian tube
3. Status of the Semen analysis
With just one IUI cycle, around 10 to 20 percent of women
have the chances of getting pregnant.
The success rate of IUI treatment with one cycle with terms
of age is as follows –
• 10 to 20 percent success rate for women under 35 years
of age.
• 10 percent success rate for women between the age of 35
to 40 years.
• 2 to 5 percent success rate for women of the age 40 years
and above.
Worldwide, the success rates for IUI is an average of about
15%. Around 80% of the pregnancies occur within the first
three IUI cycles. So if the couple has not conceived in the
first three cycles they need to be counselled for advanced
treatment option like IVF.
Precautions
Since this is a relatively simple and safe procedure, it does
not require any special precautions. Only a few minutes of
rest after the procedure and then the woman can resume her
routine.
The woman needs to make sure that she takes her luteal
support medication as prescribed.
Possible complications
Apart from mild pain and spotting on the day of an IUI, there
are no major complications. Around five to ten percent of the
patients may conceive with multiple (generally twin)
pregnancies. Sometimes, a patient may respond excessively
to the medications and produce more eggs, putting her at risk
for multiple pregnancies and a condition called Ovarian
Hyper Stimulation Syndrome (OHSS). If there is a risk of
this occurring, the couple is advised accordingly and the
cycle may be cancelled or converted to an IVF cycle.
Infection is a very rare complication.
Most of the couples need counselling to determine whether
the IUI treatment is right for them or not, before moving
forward with other expensive and intensive treatments like
IVF. It is better to consult a doctor and a counsellor who can
show the right direction. Patients who are suffering from
issues like anxiety, emotional stress are offered with
strategies to cope up with the problems. These can help them
to carry out with the treatment smoothly. Counselling is
basically a comprehensive approach that helps an individual
or couples to cope up with the unusual amount of stress they
go through because of infertility issues. Counsellor’s goal is
to find out the strength, weakness, and support the networks,
to make the patient feel better about themselves during an
IUI cycle.
www.insightssuccess.in 31| September 2020
34.
35.
36. Enzymes, the naturally occurring
protein unit in animals and plants
are responsible for facilitating a lot
of chemical reactions in them. They can be
extracted and used for multiple purposes in
the healthcare industry and the chemical
industry.
Right from helping our body in digestion to
helping us do laundry and fight tough
stains, enzymes find their use in our daily
life, without our realization. Harnessing
this power of enzymes and making them a
part of our healthcare routine is Excellent
Biotechnologies, a Biotech Company with
its headquarters in Bengaluru.
Excellent Biotechnologies was founded in
2008 and initially it started with the
formulation of Animal Health care
products. Later in the year of 2010, it
started manufacturing enzymes and is now
engaged in manufacturing and marketing of
enzymes for Pharmaceuticals,
Nutraceuticals and Animal Health care
across the globe.
Catalysing Solutions
Excellent Biotechnologies strives to
provide high-quality enzymes. A team
comprising of personnel from various
disciplines and biotechnologists work
towards meeting the customers'
A Leading Biotech Industry
The Most Promising Biotech Companies in India
Mr. Gulzar
Managing Director
www.insightssuccess.in34 | September 2020
37. requirements and the objective of continuous improvement
in quality. It is majorly manufacturing enzymes for
industries like Pharmaceuticals, Nutraceuticals and Animal
Nutrition.
Excellent Biotechnologies has dedicated production
facilities, good marketing network and foreign
collaborations too. The company has geared up to march
ahead in facilitating its consumers with all the latest
developments that have taken place in biotech with regards
to pharmaceutical and nutraceutical products. Its main
products include Bromelain, Serratiopeptidase, Pancreatin,
Papain, Pepsin, Diastase and other enzymes.
A Determined Entrepreneur
Things, when done for the first time, might seem
mountainous. However, with strong determination and
dedication of our time, talent and efforts we can achieve
success. It was with such strong determination, hard work
and dedication of Mr. Gulzar, the Managing Director, that
made Excellent Biotechnologies to reach this level.
The Founder and MD, Mr Gulzar, was born in a remote
village Jog, near Sagar in Shimoga district of Karnataka,
India. Right from his childhood, he was very fascinated
with nature and its science. With this deep interest in nature
and curiosity, he started observing the minute details of
each and everything around him. He started reading books
to gather information about all these and gaining
knowledge.
Backed by formal studies and his research, he started
making Biotech products with the available sources in a
small facility. Looking for clients and convincing them with
his products was a difficult task for him. But with his
sincere effort and honesty, his products were approved by
the companies. His products gave better results practically
in the field of poultry. With continuous efforts and hard
work, the company grew. The timely improvement and
standardization of different products made this company
improve and achieve the goals.
The quality of the products he provided in the field of
pharmaceutical and nutraceutical was up to the mark. And
soon got recognized by the different biotech and pharma
companies worldwide. Over a few years, with the teamwork
of people working in the company it became successful.
Keeping up with the Standards
Excellent Biotechnologies follows Good Manufacturing
Practice (GMP) as laid by the World Health Organisation
(WHO) in respect of manufacturing and testing of their
products. Excellent Biotechnologies is currently Certified
with, ISO9001:2015, WHO:GMP, HACCP, Halal and
Kosher.
The company gives the best quality products with a
minimum margin and some of its products are unique in the
market. It is looking forward to increase its production
volume to meet the growing clients’ requirements.
Looking at Growth Ahead
Excellent Biotechnologies has grown from a self-funded
start-up in 2008 to an 1 Billion organisation with distribu-
tors in 48 countries. The journey is far from over as it
continues to grow. The company is now in the process of
expansion intending to double in size in two years.
Maintaining the quality and standard of products up to
customer satisfaction are more important. The company is
looking at improvements in products with help of
innovation and new technologies. “Achieving success is
difficult. But, maintaining it with sincerity is more difficult.
Our long-term goal in 10 years is to establish one of the
India’s largest Biotech company servicing all aspects of the
business world,” shares Mr Gulzar.
Excellent Biotechnologies,
a Leading Biotech Industry
engaged in manufacturing
and marketing of Enzymes
for Pharmaceuticals,
Nutraceuticals and Animal
Health care products
across the globe
“
“
www.insightssuccess.in 35| September 2020
39. OGY
I
t has been more than 30 years
since the biotech industry has
made extraordinary advances
in both therapeutics and business.
These advancements include the
development of 20 innovative
technologies leading to new
products, the pre-approval of more
than 260 novel human
therapeutics covering over 230
indications, the creation of more
than 4,600 biotech companies
world-wide and global sales of
more than $175 billion in 2013.
Various other biopharma
companies have been following a
Era of Biotechnology
www.insightssuccess.in 37| September 2020
40. similar suit during the Covid-19 pandemic and using
their own capabilities to lighten the burden of
coronavirus on their patients. Eli Lilly has been one
such company that has been seen offering great
support to its diabetic population with full-page
adverts in various American papers detailing how
they can receive support in such a financially
unstable time.
The company also has entered the Covid-19
Therapeutics Accelerator which has been headed by
Bill and Melinda Gates Foundation to promote and
fund the innovation of antiviral drugs. According to
Global Data, they expect that both Bayer and
Novartis would gain effective financial support from
the use of hydroxychloroquine and chloroquine
worldwide.
Biopharmaceuticals and biotechnology companies
have been amongst the most sophisticated and
elegant achievements of modern science. The
massive complex structures of these drugs are not
just extraordinary to look at but are also
extraordinary in the 3-D modeling systems used to
design them. They also provide high efficacy and
efficiency by doing their jobs well.
Also, there is so much more existing treatment
archetypes that have been evolving and becoming
more sophisticated all the time. And continuous
research is yielding entirely new types of products.
Hence, new concepts are making it to the market,
such as the cell therapy Provenge, that has been used
to treat cancer and somewhat further out, gene
therapies that have been offering even more
amazing promises of regenerative medicine or
disease remission.
To put it simply, there are numerous stages in the
development of biotechnology to meet the various
needs of humans. Its development itself was
anatomically and basically built on observations, and
applications of these observations to practical
scenarios. Majority of the complexity of
biotechnology has become augmented due to
evolution of new technologies with time as these are
based on the employment of improved technological
advancements along with better understanding of
various principles of life-science.
The roots of majority of basic concepts had been
elucidated, which has fast forwarded the path for
important scientific discoveries. It was Dr. Hargobind
Khorana who first synthesized the DNA in test tube,
while Karl Mullis added value to Khorana's discovery
by amplifying DNA in a test tube to a thousand times
more than the original amount of DNA. Having used
this sort of technological advancement, other
scientists were able to insert a foreign DNA into
another host and were even able to monitor the
transfer of a foreign DNA into the next generation.
Similar to the above mentioned inventions, the
advent of HIV/AIDS as a deadly disease has helped
tremendously to improve various tools employed by
life-scientists for discoveries and applications in
various aspects of day-to-day life. On the other hand,
Ian Wilmut an Irish scientist was successful in
cloning an adult animal, using sheep as model. He
named the cloned sheep as ‘Dolly’.
Another scientist, Craig Venter, was able to
sequence the human genome in 2000; the first
publicly available genome is from JD Watson and
Craig Venter, himself. Again, in the year 2010, Craig
Venter had been successful in demonstrating that a
synthetic genome could replicate autonomously. All
these deep-rooted discoveries have unlimited
implications and applications.
-Vedika Mansukhe
www.insightssuccess.in38 | September 2020
41.
42. Sisco Research
LaboratoriesLeading the Industry with Excellence
Biotechnology industry has flourished over the years.
India is one of the first countries to have a
department dedicated to Biotechnology. It is among
the top 12 destinations for biotechnology in the world, with
approximately 3% share in the global Biotechnology
industry. In fact, there are more than 2500+ biotech
companies in India.
Sisco Research Laboratories Pvt. Ltd. (SRL) is one of
the oldest and most respected manufacturers of specialty
fine chemicals, microbiological, nanotechnology and
biotechnology reagents. It has certifications such as ISO
9001-2015, cGMP, FDA CE. Today, the company
employs about 300 personnel to manufacture and service
the needs of scientists, researchers, quality control
managers of industries, researchers of institutions and
academic bodies.
SRL is considered amongst the five best Reagents and
Biochemical providing companies in India. It is patronized
by almost all the National Laboratories, CSIR, ICMR,
ICAR, DRDO, IITs, NITs, NISER institutes and National
Universities leading to accreditation and acceptance by the
multinationals and Indian manufacturers and even overseas
buyers. It recently bagged the “Award for BEST SME
2020.”
Here’s how the company has been growing over the years
and has become a force to reckon with.
Brief us about your company, its inception story and the
vision behind.
Our company began its journey way back in 1975. It was a
time when India's premier Research institutes and academic
bodies such as Universities and Colleges were relying
wholly on imported reagents and chemicals. Our
Chairman, Mr. S.K. Agarwal had a vision to contribute to
this ever increasing ocean of scientific research and learning
in the country. The challenges were of very high magnitude,
such as technological challenges which involved designing,
production and testing methodologies for developing
laboratory reagents, raising of capital, operational
challenges to setup manufacturing locations, train people
and make them understand the importance of high quality
testing and manufacturing standards and more importantly,
the biggest challenge was to understand the perception and
buying behaviour of Indian scientists, researchers and
students who did not have the confidence on Indian made
products and preferred to import chemicals from the leading
companies in the world. Having closely observed these
trends in the industry, he thought this was a
greatopportunity in India that had an immense potential,
and as the business acumen he had due to his skill sets, he
decided to embark on the vision of manufacturing specialty
chemicals and reagents in India which had the same quality
standards or even better than the ones available from
international brands, but emphasis was given to affordable
pricing strategies, which could help various scientists get
reagents and chemicals who had limited financial grants
from the government of India. The vision was to contribute
to the growth of scientific research in India.
Kindly provide a brief overview of your products and
services.
We manufacture and supply more than 6000 products in
about 15000 SKU’s. Our products are broadly categorized
into Organic Inorganic reagents, Biochemistry and
Molecular Biology reagents, Nanotechnology products,
Microbiology dehydrated culture media and PCR reagents.
With regards to your organization’s profound industry
experience, how do you think the chemical industry and
market have evolved and what can be expected in the
forthcoming years?
The last 44 years have been a rollercoaster ride in the
industry. The fine chemical industry has grown by leaps and
bounds in the last 4 decades. In the financial year ending
March 2018, the Indian chemical industry stood at USD
163 billion dollars and is currently growing at about 9%. It
is estimated to reach USD 304 billion by 2025. The fine
chemical manufacturing segment that we are a part of is
also known as “Knowledge chemicals” industry that has a
share of 5-7% in the total Indian chemicals industry. So
markets have evolved and we are in a very important phase
www.insightssuccess.in40 | September 2020
43. of growth which is being experienced in India. It is well
documented that biotechnology is going to be the most
dominant segment as product applications are being
developed to either substitute or to provide improved
manufacturing processes for each of the chemical segments
viz. Basic, Specialty as well as knowledge more focused to
protect the environment.
We are therefore expecting growth rates in excess of 30%-
40% on year-to-year in the next 5 years as we are
expanding the business of exports of these products in the
Indian subcontinent, Far-east, Europe and US.
What are the benefits gained by your clients/users from
your products/solutions/services?
Our products are touching many Industries (Pharma,
FMCG, Cosmetics, etc). They had been initially procuring
our products for their RD / pilot scale production and
have now frozen many of our products for their Bulk
Production. Introduction of newer range of diagnostic
reagents has created a shift in the buyers’ preference for
SRL products and also gaining advantage of economical
prices and promote availability.
Considering the necessity of adapting to the volatile
technological disruptions and/or development of
cutting-edge solutions, how does your company sustain
its competency in the Bio-Tech market?
Biotech market, to our understanding, is divided in two
segments, one, the Diagnostic Reagents which is a
combination of traditional biochemistry and ever increasing
applications based on instrumental analysis. The other
segment is based on molecular biology, PCR techniques
and latest biosimilar applications. Our company, with its
reputation in quality and innovation since last 44 years is
very well poised to meet the current challenges to adapt to
new technologies and cutting edge solutions.
Could you list out the most growth-deteriorating
challenges for your organization till date? (Talent
acquisition/infrastructure/or anything apart from the
above question’s response) What does the future hold
for your organization in terms of internal as well as
holistic development?
Entry of the MNC laboratory chemical companies in the
Indian Market, with their large volume of operations and
infrastructure worldwide was a reckoning factor for Indian
companies. However, we are equally marching ahead with
larger visibility amongst biopharma and biotech companies
and research institutions and universities with our strong
image of quality, service and treating our business as a tool
of serving the scientific community in India and abroad.
Would you like to highlight any awards, accolades or
testimonials your company has achieved throughout?
• Mr. S.K. Agarwal was awarded with the Indian Achievers
Award in 2014 for Industry Development in the field of
Corporate Social Responsibility (CSR) and Sustainable
Development.
• “SRL” is among the 20 top biotechnology companies as
per the survey conducted by “Bio Spectrum” a reputed
magazine representing biotech industry in India. It had
published a profile of Mr. S.K. Agarwal, as a leader in the
field of biotechnology related reagents in the country in
the year 2013.
• Mr. S.K. Agarwal was honoured the Appreciation ward in
2010 by ISGF AISG, Belgium for his contribution in
support of Scout and Guide Fellowship during the past 50
years in India. He has been a member of the ISGF World
Committee from the year 1993 to 1999.
• The company also makes its modest contributions
towards CSR activities.
S.K. Agarwal
Chairman
The Most Promising Biotech Companies in India
www.insightssuccess.in 41| September 2020
44. People Who Make Things Possible:
• Late Dr. M. R. Raikar, a biochemist devoted to research and development, was the person who
pioneered the development of many reagents under the leadership and guidance of
Mr.S.K.Agarwal, Managing Director of the company. His knowledge and experience assisted the
company in establishing its first manufacturing unit in Kashimira in Mumbai.
• Late Dr. Pandit, a Reader in Mumbai University and a devoted student of Organic chemistry
(solvents and reagents) assisted the company to establish the second manufacturing unit in
MIDC, Turbhe, Navi Mumbai.
• Dr. V. R. Ranade, an accomplished RD scientist, with experience of working in UK and US and
MNC pharma companies further led the team of chemists to synthesize highly purified reagents,
phase transfer catalysts and specialized solvents adding to the growth of the company at Turbhe
factory.
• Mr. P.M.Phadke, then a young post graduate biochemist who joined SRL almost 40 years ago
heads the quality control department at the MIDC,Taloja factory. He has accredited with
development and modifications of analytical methods of hundreds of biochemicals, reagents and
solvents.
• Mrs.Poonam Das, a versatile manufacturing microbiologist is instrumental in developing a new
production department of dehydrated culture media, an important arm of the biotech industry,
catering to the health care, environmental and microbiological quality control.
• Mr. Ramesh Agarwal, Director and son of Mr. S.K..Agarwal is associated with the company since
last four decades and has been specially credited with procurement of raw materials for the
company with his business acumen in bulk chemical industry.
• Mr. Akash Agarwal and Mr. Vikas Agarwal, both the young Directors of the family owned company
have introduced many verticles of management at the head office and marketing to create
digitalisation / computerisation of operations at all levels for faster growth within India and
overseas countries and driving the company to meet the challenges of MNC companies entering
the Indian markets.
• Mr. Rajendra Jain, Chief accountant of the company has been aptly instrumental in handling the
financial and accounting management of the company since last 25 years.
• Mrs.Nagveni Shrimankar, working for last two decades, has been instrumental in introducing
several regulatory requirements like ISO,CE,GMP and VQs which are important to meet the
mandatory requirements of the government and pharma and food regulatory markets.
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