As India’s biotech industry grows into a leading global player, leaders in the sector are embracing innovation for advanced drug development processes, enhancing the efficiency of production to meet the growing market needs. The industry has marked a 14 percent growth from the previous year, which can be attributed to the strong governmental support and push to advance the industry. An exemplary industry leader, Dr. Sachidanand Upadhyay, MD and CEO of Lords Mark Industries, is paving the way for innovations and initiatives to continue boosting this thriving industry. Embracing innovation, hard work, collaboration, and growth, he guides his team to strive for excellence, a core value that is leading Lord Mark Industries into its growth decade.
Leading Company Initiatives
Dr. Upadhyay, in his primary role, plays a pivotal role in defining company objectives and steering the company towards their strategic execution. He oversees operations, sets performance goals, and takes the lead on ensuring all verticals align with their firm’s mission, values, and objectives across functions. He also has the responsibility of fostering innovation and collaboration among teams, encouraging a culture of sustainable growth for the firm and each of its members.
Driving the firm’s growth initiatives, he also undertakes key responsibilities and decision-making for hiring business leaders, managing resources effectively, and leading by example. These practices along with 24- hour presence play a critical role in translating the board’s vision into actionable plans, putting Lords Mark Industries on the forefront of the diagnostics and MedTech sectors.
Moreover, his focus on innovation across product development and process enhancement, encouraging continuous improvement, and improving efficiency is another critical element, driving the company’s growth and excellence.“Lords Mark Industries exemplifies its commitment to innovation through its commitment to delivering value to stakeholders and partners by creating sustainable business practices and innovative solutions. We focus on speed-of-light execution and collaboration, which are essential for staying ahead in a rapidly evolving industry. Moreover, embracing digital transformation and software innovation is crucial, as seen in the broader industry trends, integrating software into operations to drive growth. By adopting such approaches, we ensure to meet the current demands of healthcare and also anticipate future needs, thereby maintaining a competitive edge”, shares Dr. Sachidanand Upadhyay, MD & CEO, Lords Mark Industries.
Designing a Growth Culture
Under Dr. Sachidanand’s leadership, Lords Mark Industries fosters a culture of organizing thriving on opportunity, and motivation of the workforce by encouraging a dynamic and agile work environment empowering employees to take initiative and contribute to the company’s vision. He also emphasizes sustainable business practices which help fill employees with a great sense of purpose and pride, driving them to excel and innovate, in line with their personal goals along with the firm’s mission.
To improve the company’s recognition globally across industries, he further focuses on product quality, which, in addition to innovation, is another very crucial aspect in the medical and diagnostics sector.
An ISO 13485:2016 certified company, Lords Mark Industries implements smart quality control measures for MedTech which enhance traceability and prevent quality defects. Moreover, the firm is partnered with organizations with US FDA-approved products that have a proven positive market response.
“At Lords Mark Industries, quality control measures are integral to ensuring the delivery of impeccable services across diagnostic manufacturing, MedTech, and solar implementation. The company adheres to a robust quality management system that includes rigorous testing and inspection to meet international standards. In diagnostic manufacturing, we maintain quality by owning the control, composition, and R&D of products manufactured in our own manufacturing premise”, further adds Dr. Sachidanand.
Catering to the renewable energy, paper, MedTech, and Diagnostic industries, the firm has developed comprehensive processes aimed at delivering high-quality results. In solar implementation projects, for instance, the company adheres to stringent guidelines for series approval of Solar PV inverters as well as modules. This ensures compliance with quality control solar photovoltaics systems, devices, and component goods orders. These strategies help in enhancing client satisfaction and improving company recognition and trust in the market.
A Unique Leadership Style
Based on the principles of hard work, diversification, the capability to foresee future trends, fostering and nurturing trust among existing clients, collaborating with governmental public sector units, and creating synergistic partnerships, Dr. Sachidanand’s leadership mantra is aimed at achieving sustainable success and prominence in the industry.
“Hard work is the bedrock of success, driving us to push boundaries and achieve excellence. Diversification in our services and clientele ensures resilience and adaptability, allowing us to thrive in a dynamic market. Foreseeing future trends is crucial for staying ahead of the curve, and ensuring that we remain relevant and competitive. The trust of our existing clients is paramount; it’s cultivated through consistent delivery of quality and reliability.
Collaborating with government PSUs has bolstered our credibility and opened avenues for growth. Lastly, synergetic partners amplify our capabilities, enabling us to achieve goals that might be unattainable independently”, further adds Dr. Sachidanand.
Dr. Sachidanand’s leadership mantra is aimed at achieving sustainable success & prominence in the industry
His multifaceted leadership style has acted as fuel that has led the company to new heights of accomplishment in addition to cementing its reputation as a trusted and forward-thinking industry leader. Through this approach, Dr. Sachidanand and his team have also been able to leverage the vast network and resources offered by government PSUs, and the opportunities provided by partners to grow business, deliver excellence, and in turn, gain a loyal client base which continues to grow through word-of-mouth referrals.
Sharing some advice from his learnings over the years as an industry leader for aspiring entrepreneurs, he states, “To aspiring entrepreneurs worldwide, I suggest embracing hard work and having faith in your ability. I am a believer of Swami Samarth and I believe that if you do your work diligently, someone is there to support you. Entrepreneurs need to Anticipate and adapt to future trends to stay ahead. Build trust with clients through consistent quality and service. Create synergistic partnerships to expand your reach. Remember, success is a journey that requires perseverance, adaptability, and a commitment to innovation. Keep your vision clear, and let your passion drive you towards achieving your goals”.
Future Roadmap
Planning the future roadmap he has charted for the company for the next few years, Dr. Sachidanand highlights how ambitious and growth-oriented it is. Over the period of five years, Lord Mark Industries, under his leadership, aims to expand Lordsmed IVD products, aiming for innovation in diagnostics and pharmaceuticals.
Furthermore, the firm is planning to widen the scope of Lordsmed Pathology Labs, aiming to increase its presence across India to enhance the accessibility of high-quality healthcare facilities for people. Penetrating the MedTech devices market will be yet another focal point for the firm during this period, as it strives to strengthen market penetration through patient-centered innovation and RCD.
The company also envisions expanding its global footprint and entering into the EU and GCC markets across diverse industries to establish itself as a prominent global player. Additionally, it aims to implement LED solar projects across 10 states in India. These implementations would be executed under the Surya Ghar Yojna and are aimed at promoting sustainable energy. Lastly, a key objective for the firm will be to reach a $1 billion valuation emphasizing value creation and sustainable business growth.
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