Narang Med­i­cal Lim­ited

Business Sphere - - CONTENTS - By Our Correspondent

Hav­ing an ace up its sleeve in the niche arena of op­er­a­tions is a great thing for a com­pany to have. And here we have Akanksha Global Lo­gis­tics Pvt. Ltd. with sev­eral of them! To start with, it logged in cent per­cent re­ten­tion of its clients. Next, it also has a whop­ping 95 per­cent rate

of its staff re­ten­tion. And the real catch is that it has a full com­mit­ment to­wards 100 per­cent cus­tomer sat­is­fac­tion em­bed­ded in the fine fiber of its work op­er­a­tions. In­ter­est­ingly, this com­pany spearleads ac­tiv­i­ties like cus­tom clear­ance, sea and air freight for­ward­ing, ware­hous­ing, and med­i­cal tourism in gulf coun­tries un­der the aegis of its sis­ter con­cern, Trade Bridge In­dia Pvt. Ltd. Says

Mr. Vinod Anand, founder and manag­ing di­rec­tor, “we have the ISO 9001:2008, CHA, FFI, and DCCAA ac­cred­i­tions, and have sev­eral awards in recog­ni­tion of the ser­vices we pro­vide.” Top-notch ones in this list in­clude the best CHA In­dia 2016 by In­dia Cargo and the Min­istry of Civil Avi­a­tion, the B.R. Ambed­kar Award (125th an­niver­sary 2015 by Ram­das Athawale, Ra­jya Sabha MP),

the Ra­jiv Gandhi Global Ex­cel­lence Award 2014 & among top 200 en­trepreneurs of In­dia in 2016.. In­ci­den­tally, eighty per­cent of its to­tal rev­enue comes from cus­tom clear­ance of sur­gi­cal equip­ment. Mr. Anand is very proud about the fact that “our in-depth know-how of the in­dus­try is our pri­mary USP which helps us ex­cel in our work.” Akanksha Global Lo­gis­tics Pvt. Ltd. came into ex­is­tence in 1987 when Mr. Anand de­cided to delve into this line af­ter aid­ing and abet­ting a close friend of his in this work spec­trum for a while. He rightly fig­ured out the es­sen­tial­ity and the im­por­tance of high-qual­ity ser­vices in this field which soon be­came a norm. As luck would have it, the CHA en­trance exam was be­ing con­ducted at around this time and Mr. Anand gave a crack at it. As if by some heav­enly in­ter­ven­tion, he stood sec­ond in the re­gion in th­ese ex­ams. There was no stop­ping him af­ter he de­cided to make a foray into this seg­ment. Even though he had prov­i­dence and sheer hard work on his side, this field at the time was such that it was not a sim­ple mat­ter to make a pres­ence felt in it. How­ever, des­tiny had some de­fin­i­tive plans in mind and this firm has been able to stamp in its aura into the ranks of this in­dus­try. What started off with an ini­tial in­vest­ment of Rs. 80,000, has now meta­mor­phosed into a com­pany which is a leader of its ranks and han­dles goods worth more than Rs 450 crore. Mr. Anand has, no doubt, achieved a good stand­ing in the in­dus­try due to “our ef­fi­ciency, timely de­liv­ery with one to two days of clear­ance time, and value for money in our work.” Mr. Pra­teek Anand, di­rec­tor, as­sertively in­forms about “our branch of­fices in Mum­bai, Ban­ga­lore, Kolkata, and Chen­nai and the head of­fice in New Delhi which oc­cu­pies a good 2,200 square feet of area.” Some of the reg­u­lar clien­tele in its lengthy

roll-call in­clude Span Health­care, CRRI, Cen­tral Tool Rooms, Dr. Lal Path­labs, For­tis, Global Imag­ing, Cure Sur­gi­cals, Pun­jab Al­ka­lies, B.L.Kapoor Hospi­tal, RML, Max Hos­pi­tals, Es­corts, Paras, Apollo, and Medanta Medic­ity. Then on, this com­pany also does its work in places like Canada and New York, among other in­ter­na­tional cities and coun­tries. Akanksha Global Lo­gis­tics Pvt. Ltd. has a set of three de­liv­ery vans and trucks which helps in its door-todoor de­liv­ery ser­vices. This fleet is soon to ex­pand with new ad­di­tions. The state-of-the-art ware­house in Mahipalpur oc­cu­pies a space area of 2,000 square feet. This com­pany has about forty-five em­ploy­ees on its ros­ter. For en­sur­ing em­ployee loy­alty, this firm pro­vides them with a range of ben­e­fits and fa­cil­i­ties in­clud­ing bonus, insurance for field em­ploy­ees, and reg­u­lar ex­cur­sion trips. When it comes to giv­ing voice to griev­ances, Mr. Anand talks about “hav­ing up-gra­da­tion of the Soft­ware sys­tem of the Air­ports Au­thor­ity of In­dia, CELEBI , DCSPL, and CWC etc and against the rate of du­ties in lo­gis­tics arena" He also be­lieves that af­ter im­ple­men­ta­tion of GST ma­jor im­pact is on con­sol­i­da­tion of small stock trans­fer ware­houses into large ware­houses in seven ma­jor pock­ets of the coun­try. It has sig­nif­i­cantly led to a re­duc­tion in over­all lo­gis­tics costs and lead to in­creased busi­ness vol­umes, which in turn has helped boost to the GDP of our coun­try dras­ti­cally.

Im­pact of GST on Health­care and Pharma Sec­tor

Akanksha Global be­ing a ma­jor player in the field of med­i­cal lo­gis­tics and sup­ply chain man­age­ment, has been a keen ob­server of the de­vel­op­ments and pe­ri­od­i­cal changes

in the above sec­tor. In­dia is the largest pro­ducer for gener­ics and coun­try's phar­ma­ceu­ti­cal in­dus­try is cur­rently the third largest in the world in terms of vol­ume and ranks 14th in terms of value. As the pop­u­la­tion con­tin­ues to grow, the need for bet­ter health­care ser­vices is also grow­ing. Cur­rently, 5% of the coun­try's GDP is ex­pended on the health­care sec­tor. This sec­tor is ex­pected to touch $190 Bn. by the end of 2018 from $80 Bn in 2012 and ex­pected to touch $372 Bn. by the year 2022. The hospi­tal and di­ag­nos­tic cen­tres at­tracted di­rect in­vest­ment (FDI) worth $4.99 Bn. Between April 2000 and De­cem­ber 2017. In a ma­jor de­vel­op­ment in this sec­tor , Malaysian health­care gi­ant IHH is poised to win the bid for For­tis Health­care af­ter it has of­fered to pay Rs. 180 per share, valu­ing In­dia's sec­ond largest hospi­tal chain at Rs. 9335 crores. The pos­si­ble ac­qui­si­tion will al­low the IHH , Which al­ready runs sev­eral hos­pi­tals in the south­ern and western parts of In­dia with 1600 beds to ex­pand it's foot­print across the coun­try. For­tis has presently un­der it's belt 45 health­care fa­cil­i­ties and 300 di­ag­nos­tic cen­tres. [\\ # ] ^_= < [ < _= *]= ac­qui­si­tions, expansion of fa­cil­i­ties thereby chag­ing the health­care sce­nario of the coun­try to a large ex­tent. The In­dian gov­ern­ments world's most am­bi­tious health­care scheme "Ayush­man Bharat" which seeks to pro­vide a health­care insurance cover of Rs 5 lakhs per fam­ily per year to 10 crore fam­i­lies has al­ready got cab­i­nets ap­proval early this month. This be­sides some other health­care schemes run by the gov­ern­ment and fast growth in both pub­lic and pri­vate sec­tors, is likely to emerge as one of the largest rev­enue earn­ing sec­tors be­sides IT sec­tor for the coun­try.

Vinod Anand, Founder and Manag­ing Di­rec­tor (R) &amp; Pra­teek Anand, Di­rec­tor

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