Best of 5 Bio-Technology Comapnies In India

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We cannot let health go outof our focus. Acommunity of healthyindividuals makes a healthy society.And a healthy society is theprerequisite of a healthy nation.The nation with a mission to become a‘Vishwa-Guru’ must make sure thateach of its citizens remains healthy andleads a healthful lifestyle. That is thecore vision it must never lose focus of.This vision promulgates the philosophyof supporting human life in aresponsible way. A healthy life leads toa happy and prosperous lifestyle. Atrue visionary observes that the futureis nothing but a manifestation of ourconstant efforts to improve it in thepresent time.MJ Group was born from the abovestatedphilosophy of one suchvisionary Founder – Mr JashubhaiShah. He predicted the positive shift inthe economic power of developingnations and the need for new agemedicines for lifestyle diseases, suchas diabetes.In our search of the BestBiotechnology companies in India,fortunately, we met with Mr. AmolShah, Managing Director of M.J.Biopharm Pvt Ltd., a pharma andbiotech arm of the three-decades-oldand growing multinationalconglomerate.A Trust Built with TimeMr Amol Shah is also managing theentire MJ group, which has nurturedthe rich heritage and philosophy of itsfounder, prioritizing people's wellbeingabove everything else.He revealed that the group started itsbiotech operations by collaboratingwith Eli-Lilly of USA and became thefirst in the industry to manufacturerecombinant human insulinformulations in India.He further highlights the company’scontinued independent journey indiabetes care. He also points out theirsignificant contribution by setting up afully dedicated biotech facility tomanufacture insulin drug substancesthrough the bacterial fermentationroute.Moving Forward TogetherCongruent with the vision of thefounder of the company, MJ startedwith the challenge of registering thecompany with various institutions inIndia. The purpose was to providehigh-quality domestic insulin at aneconomical price. Over a period ofthree years, the company has emergedas one of the main suppliers to severalinstitutions around the country.Mr Shah is very proud of thecompany’s achievement of becoming apreferred supplier of Insulin to theprestigious ‘Pradhan Mantri BharatiyaJanaushadhi Pariyojna’ (PMBJP)scheme. The scheme ensured theavailability of medicines at priceslower than MRP to the common Indiancitizens.MJ continues to provide Insulin atpreferred prices to the variousinstitution. It is to fulfil the company’svision, of making India self-reliant inmeeting the requirement of Insulin, forthe diabetic population of India.Overcoming the Turbulent TimesAccording to Mr Shah, the governmentof India had taken a bold step ofdeclaring a nationwide lockdown toarrest the spread of the COVID-19pandemic. And he further opines thatthe lockdown, whilst essential toensure the larger safety of the Indiancitizen, severely restricted the mobilityof individuals.18 | May 2022 | www.insightssuccess.in
Best of 5 Bio-Technology Companies In IndiaHowever, he says “Pharmaceuticalmanufacturing, logistics and associatedsupply chain were exempted from thislockdown. Biotech and pharmacompanies have strongly rallied, toensure smooth delivery of the essentialproducts during the lockdown.” He issatisfied that they have demonstratedthe innovative and creative side of theindustry, by being the earlier ones todevelop the crucial vaccine to dealwith the COVID-19 pandemic.19 | May 2022 | www.insightssuccess.in
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