The pharmaceutical inxdustry is a part of the drug-dealing healthcare industry. The sector comprises of numerous subfields relating to the production, manufacture and marketing of medicines. Drug producers, drug distributors, and biotechnology firms are more or less interdependent subfields.
The pharmaceutical industry’s main objective is to supply medications that prevent diseases, preserve health, and cure illnesses. This industry directly influences the global population, so a range of foreign regulatory bodies tracks aspects such as drug protection, patents, efficiency, and pricing.
- The main of those regulatory bodies are here:
- World Health Organization (or WHO)
- US Food and Drug Administration (or FDA)
- Medicines and Healthcare Products Regulatory Agency (or MHRA)
In India, there are 3,000 pharmaceutical companies, and one amongst them is Kausikh Therapeutics (P) Ltd. The Company is setting benchmarks through its smooth operations since its inception and even during the coronavirus crisis. Not only this, the Company is ensuring hands-on safety of its employees who work during this crisis.
Kausikh Therapeutics (P) Ltd. began as a marketing company in 2000 and established a WHO GMP compliant factory in 2002. Initially, the Company started making general products and began to specialize in cardiac and diabetic products. In addition to supplying medicines to patients in the domestic market at a very affordable price, Kausikh entered the export market catering to various countries in South East Asia, Africa and South America.
The Genius Behind Kausikh
The Managing Director at Kausikh Therapeutics Pvt. Ltd. is Kausic V Neelakantan, he has a Graduate Degree in Mathematics and a Post Graduate Degree in Computer Applications. Kausic began as a software specialist, and in the year 1990 later moved into the family flavour business. After acquiring industry expertise, the pharmaceutical manufacturing Company was launched in 2000, and the manufacturing plant was built in the year 2002.
Initially, the Business began with about 25 employees and progressively grew to become a business with 500 employees. The proud moment happened when the new factory was unable to satisfy the requirements of the industry, and the management agreed to purchase an existing pharmaceutical production business that was placed up for sale in 2019. The Company created a separate block for the production of nutraceutical and wellness items and, happily enough, during this current pandemic, it could provide the public with the correct nutrition.
Kausikh Therapeutics (P) Ltd, led by Neelakantan, believes that staff must be regarded as one member of their family. Also, one of the critical requirements for running a company is to build a successful relationship with both consumers and suppliers.
The Managing Director assumes that corporate associates are both customers and suppliers. Therefore, as they deal with Kausikh, vendors and customers feel at home; that’s how the Company stands out from the crowd.
Working Of The Organisation
The primary reason behind starting this Business was that the promoters were ultimately ideal for manufacturing flavours of aerated waters, biscuits, confectioneries, distilleries and pharmaceuticals. Further, the Company agreed to venture into prescription products as part of diversification with the primary objective of supplying medicines to the public at a very reasonable rate.
Kausikh Therapeutics ensures that the products developed by them are only rolled out by the fully equipped quality control department after rigorous review and are guaranteed by the quality assurance department, ensuring optimum effectiveness at the most competitive and affordable prices.
The Kausikh team ensured that all the staff, the executives, worked for 8 hours, and remaining part of the day needed to be spent with families.
Additionally, they don’t believe in fundraising strategies at Kausikh. Besides, the Company conducts its financial activities through a team of in-house Chartered Accountants.
At Kausikh, by launching new and creative goods and extending the market base in other countries, the difficulties resulting in the conduct of the business venture are dealt with. It means that the Company is never down, even though it is not a rise in the Company, it is not a decrease either. Sincerity, integrity, and no ego are the primary attributes that are looked at when recruiting an employee at Kausikh Therapeutics.
At Kausikh, developments in the global pharmaceutical industry are actively sought, and operations are quickly adapted to meet changing consumer demands. The Company has set aside one-sixth of the turnover for investments because they are well aware that it is only with modernized production and quality technology that a company can keep pace with world trends in the pharmaceutical sector. At the same time, Kausikh ensures that the wok continues in pleasant surroundings with investments in the environment and that they remain a friendly neighbour. For this Business, the most precious asset is knowledge.
In the background of the COVID-19 pandemic, Kausikh Therapeutics aims to inspire the entire workforce and provide all the workers with rewards based on their performance. It is in addition to providing them with attendance-based bonuses that are offered each month. Also, a cultural programme is conducted every year to relieve job pressure also contributes to the Company’s motivation strategies. Besides, the workers are provided with a completely paid three-day trip to any neighbouring state of their choice.
Work During The Pandemic
Kausikh Therapeutics could not close the Company during the pandemic because the Company lists in essential commodities and because they are one of the leading manufacturers of hand sanitizers licensed by the Drug Control of Tamil Nadu, they were made to come in shifts, it was done to take good care of the workers so that the productivity is not hindered.
The COVID-19 outbreak seriously disrupted every organisation. So, shortly after the COVID-19 attack, the Company provided all the workers with an immune enhancer as they thought it would be to arm yourself with immunity, to protect your health from any pandemic. After that, at Kausikh, the routine steps of monitoring the oxygen levels and temperature check for employees attending the factory were carried out. Business ensured that the whole plant and atmosphere is sanitized twice a day. It was confirmed that COVID-19 positive patients were not present in Kausikh ‘s factory.
The new nutraceutical and wellness products produced by the Research and Development team of Kausikh ensured that the Business of the Company could only expand and not be impacted by the current pandemic or as a consequence of the pandemic.
The Company provided all workers with the highest quality face mask and more during this pandemic period; it acts as an immune booster for their whole family. It ensured that, even during the complete lockdown, the Company had 98 per cent participation.
Awards & Accolades serve as a motivational tool for every Company. Here, Kausikh has achieved great heights in this arena by being authorized as a WHO GMP business. Further, the organisation is also accredited by the ISO 9001:2015 and ISO 14001:2015 standards. Also, apart from being licenced by HACCP, Kausikh is GMP certified by WHO for its nutraceutical products.
Further, in the future, the organisation plans to set up a greenfield project specifically for the manufacturing of anti-cancer drugs at the most affordable price for patients.
