PharmaCRADLE i.e “Capability Recognition and Development Lessons on Entrepreneurship “ is a series of invited lectures delivered by eminent entrepreneurs of the pharmacy field, wherein invited speakers describe their paths of glory and the journey they undertook to reach from where they started to where they are today. The series is designed to motivate the students to opt for entrepreneurship in Pharmacy.
Moving further on this path, the series was continued with another eminent personality on 27th July 2013 (1.30-3:30 p.m.) at L. J. Auditorium wherein, students of M.Pharm Sem III, B.Pharm Sem VII, B.Pharm Sem V as well as members of faculty of L.J. Institute of Pharmacy had the opportunity to witness the entrepreneurial journey of Mr. Jaimin Vasa, MD, Vasa Pharmachem Pvt.Ltd.
Dr. K.Pundarikakshudu, Director, LJIP welcomed him with “Tulsi Kyara”, signifying the positive vibrations being a healing herb and expressed his pleasure for having Mr.Vasa in the PharmaCRADLE series. A brief introduction of the guest was given by Prof. Jayant Deshpande, Principal, L.J. Institute of Pharmacy.
Some of Mr. Jaimin Vasa’s credentials are as follows:
• President of Gujarat Pharmaceutical Association
• President, Gujarat Chemical Association since 1999
• Chairman of the MSME Committee of the Gujarat Chamber of Commerce and Industry since 2000
• Member of academic council of GTU & NIRMA University.
Recognition/Award received by Vasa Pharmachem:-
2007-“Outstanding Export Performance Award” by Industries Department, Govt. of Gujarat.
2010 - “Growth in Production and Profit Award” in MSME Category by Mr. Narendrabhai Modi, Hon. Chief Minister, Govt. of Gujarat.
2011 – “Best Micro Enterprise in the Pharmaceutical sector in India” by D&B, Axis Bank in the category of Business Gaurav SME Award.
2012 – “INDIA SME 100 AWARD” by The Bank of India & supported by the Union Ministry of the Small and Medium Enterprises.
Mr. Vasa has done his Chemical Engineering from Dharamsingh Desai University Nadiad. Mr.Vasa started the session describing his early years wherein he, along with his father, started the journey of entrepreneurship with an industry named “Vasa Chemicals” in 1979. Vasa Chemicals mainly synthesized dyes used in textile industry. But since the industry was getting limited in scopes, they decided to venture into pharma chemicals and that was how the inception of “Vasa Pharmachem” happened in 1988.
He beautifully described the quality of entrepreneur by an acronym, coined by him as ‘TRAIN’. He explained the meaning of the acronym with the principles which are very essential to run a company successfully or in any venture of life
T =Trust
R= Reliability
A =Assurance
I =Integrity
N =New Development
He further moved on to describe the importance of research and development in running a successful company. His R&D includes improvements in catalysis in chemical industry, manufacturing process, reduction in cost of production, application development and design of new products relevant to the Indian & International market needs. The company also follows stringent rules pertaining to GMP and the company is in the process of upgrading & modernizing the plant to get an accreditation of WHO-GMP. Further he described that for any company, innovation is essential to keep up to the market demands and also for the growth of the organization. He also emphasized on the implementation of newer technological tools & softwares especially ERP (Enterprise Resource Planning) and other tools which help in facilitating innovative strategies in the company. He then displayed all the honors and felicitations achieved by the company after years of hard work and team effort and encouraged all the students to strive towards their goals using these two assets.
Lastly, he assured that he would encourage the emerging young entrepreneurs and students of the institute by allotting some projects and research work to the institute.
The session was followed by a brief question answer session where faculty as well as students interacted with Mr.Vasa regarding many facets of the pharma field including his take on the problems prevailing in the present pharmacy scenario.
After the thought provoking speech, he was felicitated by Dr. K. Pundarikakshudu with memento as a token of love and thanks. The vote of thanks was delivered by Dr. Shreeraj Shah.