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NAME: Prasad Nimmagadda
AGE: 44 years
DESIGNATION: Executive Chairman
GROUP: Matrix Laboratories |
The
media calls him N. Prasad, but he prefers it the other way around:
Prasad N., short for Prasad Nimmagadda. This soft spoken cricket
buff has been making waves recently. His company, the Rs 641-crore
Matrix Laboratories, has just entered into an agreement to buy
the $35-million (Rs 154-crore) Chinese drug maker Mchem. The rationale:
Mchem will strengthen Matrix's supply chain and give it a beachhead
in China for its aids drugs. Days earlier, it had picked up a
43 per stake in Swiss drug maker Explora. And in June-July, Matrix
had taken over Belgian generics firm Docpharma for $263 million
(Rs 1,157.2 crore), the largest global M&A play by an Indian
pharma company. Incidentally, bt had listed Matrix among "20
companies to watch in 2005" in its edition dated December
5, 2004. But becoming a poster boy for the Indian pharma industry
was the last thing on his mind 22 years ago, when he passed out
of Delhi University with a Masters degree in physics. Getting
a job was. He held a series of positions in various pharma companies
before rising to become Managing Director of Vorin Laboratories
at the age of 34. Along the way, in 1989, he picked up a degree
in management from the Institute of Management Technology, Ghaziabad.
Prasad's big opportunity came in 2000 when he and some associates
bought the sick Herren Drugs & Pharmaceuticals, and in May
2001 renamed it Matrix Laboratories.
What's his success mantra? "To succeed,
one has to be very communicative, transparent, lead by example
and be unselfish," he says. His vision for his company: "Make
Matrix a respected Indian pharma company and grow as a business
while doing everything to help save lives." There's also
a dream of becoming a billion-dollar (Rs 4,400-crore) company,
"but we haven't set any specific date for achieving this."
Given his record of turning a sick Rs 45-crore company into a
pharma powerhouse in four years flat, it'll probably happen sooner
rather than later.
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