Narang Medical Limited
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) & Prateek Anand, Director