Today I am a successful Entrepreneur of a 7 million dollar Manufacturing Company. To the world I appear as a confident, happy human being who is enjoying all the success that the world has to give. Cars, Houses and apparent wealth.
But is that who I am. I am a woman first and an independent woman at that. Success never comes easy. It requires a lot of risk taking and a very strong mental balance and a never say die attitude. But before I go about talking about my professional side, let me elaborate a bit about myself. Here are a few lines that best describe me:
Ek pyaar se bhara dil tha mera
Jiske armaanon ko palko pe sajaaya karti thi
Ek masoom si ladki thi,
Mohabbet ke khwab dekha karti thi
Ek chehra banakar khayaalon mein
Phir us chehre ko bheed mein dhoonda karti thi
Kaisi pagal ladki thi
I have learnt over a period of time that people come into your life with a specific purpose and once the purpose is served they go away. These are kinder-ed souls sent in to enhance your life.
For me, the day goes on. I do not believe in resting on my laurels.
I run a Pharmaceutical Unit near Pune, India. We manufacture Pre Finished
formulation Intermediates in the form of Pellets, Granules and nano particulates.
Today we are making Profits, we have potential IP’s. And thedecade long
Journey that started with Single Product and only an Indian FDA Approval has
turned the corner. Today we have 20 molecules, PIC/s Approvals, EU Approval,
Jordanian FDA approval and Pellets ranging from Macro size to Nano Particles.
Our Research and Development Department is accredited with approval as an
R&D House by the Department of Science and Technology, India.
In the process, there was a lot of learning, as well. I think setting up an industry first time is the toughest. After that, you can set up as many as you want. And no management school can prepare you for the experience. It stretches you to the limit.
Today I am looking forward to more Regulatory Approvals , More recognition in terms of securing good R&D Projects from renowned Pharmaceutical Companies worldwide, Increasing our customer base.
At the same time , I am also looking forward to spending more time with my friends . I Would love to travel a lot , write more and probably in the process find my pot of gold.
The trek to reach this foothill was not easy. It was an arduous climb. So what was it that kept me going through these terribly tough times?
There is a point of no return in any business. When it came, I did not turn back. Because once you start something you cannot accept failure. And that's probably what kept me going.
Along with the support of family and friends.
I am grateful to my Parents especially my dad. He was my best friend, Philosopher and guide, Vijay who would unstintingly support me in everything I did, and of-course my investors who had placed their faith in me, who knew I would never cheat them. I think it is that faith that allowed me to carry on.
There were sacrifices and compromises on the family front as well. Even though the kids were older and didn't need me as much, I had not realized the project would consume me so completely.
I invested everything I had earned in Murli Krishna Pharma. And it was not just money, it was my time, my passion and my entire life.
For the first two years I travelled up and down constantly, the factory being a 4 hour drive from Mumbai. I had to visit not just the plant but the bank and also my buyers. So, I had to juggle a lot.
In October 2005, I decided to shift base to Shirur, along with my parents and younger son Krishna. This meant relocating Krishna to a rural school.Trust me, it helped my son a lot. In Mumbai he was a 50% student, there he gradually went upto 80%-90% and now he is studying Pharmacology in UK. My Elder son Arjun stayed back in Mumbai as he was in the 2nd year at Atharva College of Engineering in Mumbai.He is highly independent, just like my late husband, an engineer who specialized in setting up new Petrochemical Projects.
Eshwar, my husband had his work, I had mine. Eshwar only got involved with Murli Krishna Pharma briefly, while the plant was being set up. It's easy to marry for love, but you find that love walks out at some point in your life. Then, you start concentrating somewhere else. I concentrated very heavily on my profession.
We were both very independent a far as our working is concerned. It's not that we did not like each other, but ours was not a conventional married life. Indian men are overprotected by their wives or mothers, they are not used to handling too many problems. Women are definitely stronger!
Sometimes my kids do blame me for not giving them sufficient time. I agree I was not the 'greatest mother' in the world, but I did the best I could. I believe that at least one love of your life should be 100% which takes up all your time. For me it has been the plant
The end result of all the passion poured into Murli Krishna Pharma is a world class manufacturing company. One of the few, worldwide, with both EU and WHO-GMP approvals in pellets.
Today people appreciate our products, our quality, our plant - there is the satisfaction that we have done something. The idea was not only to make money but to make a mark. I have never tried to steal technology or tried to start a business while having a job because I believe loyalty is important. My conscience must always be clean.
We make good project reports, we give it to the bank and later on we try to make ends meet. Believe me, it is a very tough job trying to do that!
I was not financially savvy but I was forced to learn how to read a balance sheet. I had to learn about actual financial management, something which was not my forte at all.
In India the moratorium for repayment is very limited and in the process companies die. Especially in manufacturing, where it takes at least 3 years to make a profit.
Today the plant has 120 fulltime employees and another 30 who work on contract basis. "
I believe that I have only reached the foothills. Lofty peaks of ambition still remain to be conquered.
A CLIP FROM HER BLOG
Satya Vadlamani and her experience of setting up a pharma company
Satya Vadlamani, the founder of
Murli Krishna Pharma Private Ltd., a leading drug delivery systems (DDS) company in India that provides a range of effective solutions to optimise the delivery of pharmaceutical products speaks to us about entrepreneurship and her experience of setting up the company.
Tell us a little about yourself.
I run a $ 7 million manufacturing company - Murli Krishna Pharma Private Ltd. I grew up on the sprawling IIT Bombay campus as my father was a professor at IIT Bombay, my mother was a teacher. Like many IIT children, I too wanted to become an engineer. I studied at the Gandhi Institute of Management (GITAM) in Vishakhapatnam. Girls were scarce in the engineering stream in those days.
Can you tell us about your current venture?
I run a Pharmaceutical Unit near Pune, India. We manufacture pre-Finished formulation Intermediates in the form of pellets, granules and nano particulates. The decade-long journey that began with a single product and only an Indian FDA approval has turned the corner. Today we have 20 molecules, PIC/s approvals, EU approval, Jordanian FDA approval and pellets ranging from macro-size to nano particles.
Our Research and Development department is accredited with approval as an R&D House by the Department of Science and Technology, India. I think setting up an industry the first time is the toughest. No management school can prepare you for the experience.
What are your future goals for the company?
I am looking forward to more regulatory approvals, more recognition in terms of securing good R&D projects from renowned pharmaceutical companies worldwide, increasing our customer base, etc.
Tell us about the entrepreneurial journey.
I invested everything I had in Murli Krishna Pharma. And it was not just money, it was my time, my passion and my life. For the first two years, I travelled constantly since the factory is a 4-hour drive from Mumbai. I had to visit not just the plant but the bank and also my buyers.
Sometimes my kids do blame me for not giving them sufficient time. I agree I was not the “greatest mother” in the world, but I did the best I could. I believe that at least one love of your life should be 100% which takes up all your time. For me, it has been the plant.
The end result of all the passion poured into Murli Krishna Pharma is a world-class manufacturing company. One of the few worldwide with both EU and WHO-GMP approvals in pellets. Today people appreciate our products, our quality, our plant - there is the satisfaction that we have done something. The idea was not only to make money but to make a mark.
How did you venture into this industry?
I was juggling a lot of things and was facing some personal problems too. During that period my father-in-law Mr Vadlamani Subbarao - a veteran in the pharma industry - shifted to Mumbai. Leaving Ranbaxy as a Vice President, he joined Armour Polymers Ltd as an Executive Director. Through him, I met Dr Atma B Gupta, Managing Director of Armour Group of Companies.
We had a couple of interactions and he felt that I had the ability to do a lot more marketing than what I was doing. On his suggestion I agreed to join the company on a part-time basis. My role was simple, to get site approval from UNICEF, Denmark for the formulation plant of the company based at Mandideep, near Bhopal. This would facilitate sales of the products to UNICEF and other NGOs.
Whom do you draw your greatest strength from?
My father was my best friend and biggest support in all my ventures. Were it not for him and his unstinting support, I don’t think that I would have reached where I am today. Today he is no more. I still miss him. I am lucky to have my mother near me. She is my support now.
What advice would you leave us with?
The truth is that given another chance, I will take the risk again but with a good risk assessment in place. I will always follow my dreams and fly high like the eagle.
In the words of Robert Frost ---
The woods are lovely, dark and deep.
I have promises to keep
And miles to go before I sleep.
And miles to go before I sleep.
With inner strength and fortitude. And a positive attitude, above all.
For a detailed version of Satya’s story, have a look at her blog.
Murli Krishna Pharma Pvt. Ltd.
Name of the Delegate :
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Ms.
Satya Vadlamani
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Designation :
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CMD
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Address of correspondence :
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D-98,
MIDC Ranjangoan, Shirur Taluk, Pune Dist, Pune. 412209
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Telephone No :
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Fax No :
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+91 2138 670359
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Email id :
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sudha@mkppl.com
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Website :
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www.mkppl.com
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Company Profile:
Ø Murli Krishna Pharma Pvt. Ltd. is 100% EOU.
MKPPL is a EUGMP, WHOGMP & PIC/s approved plant. Established in the year
2004. We are the specialized manufacturer of pharmaceutical pre finished formulations
i.e Pellets, Granules/ MUPS
which are ready to fill in capsules,
compress in tablets and in suspensions.
Our products are bioequivalent and have aqueous route for manufacturing.
USDMF/ EDMF in CTD format is ready for all the products we manufacture. We manufacture the product as per customer’s
requirement for both regulatory and non regulatory markets (global markets).
Product Profile:
1.
Orlistat Pellets
2.
Aprepitant Pellets
3.
Clarithromycin Taste Masked Granule
/Micro Pellets
4.
Azithromycin Taste Masked Granules
5.
Sirolimus Micro Pellets
6.
Tacrolimus Pellets/Micro Pellets
7.
Itraconazole Pellets
8.
Lansoprazoe Pellets
9.
Esomeprazole Pellets/ Micro Pellets
10.
Pantoprazole Pellets
11.
Omeprazole Pellets
12.
Tamsulosin HCL SR Pellets
13.
Mesalamine Pellets
14.
Mycophenolate Mofetil Pellets
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