Yogesh Agrawal (Ajanta Pharma)

 Mannalal Agarwal, the co-founder of Ajanta Pharma, has two sons Yogesh & Rajesh,
Ajanta pharma is generic maker, which has a presence in more than 30 countries in
Asia and Africa.
 Yogesh Agarwal was 36, as he became the MD of the company
 Before this he was an executive director in company. He is mgt from Johnson &
wales university USA he joined Company in 1996.
 It is under his charismatic leadership that Ajanta Pharma made a corporate turnaround
and emerged as a leading branded generic player from India having strong footprint in
its choosen markets.
 He has envisioned and transformed the company’s research program &manufacturing
capabilities and it fueled the company’s growth.
 At one period of time Ajanta pharma was saddled with huge debt and declining
growth. After 2014 it revives it position in stock market.
 But, the new generation promoters were not ready to succumb to the hassles of the
conventional business model. The management degree holders decided to make a
difference. And, the first thing they wanted to do was to undo several of the
traditional businesses, when they took over in the early 2000.
 That was a rebirth for the maker of india’s oldest OTC herbal pill 30-plus with the
new strategy of differentiated products.for this wanted additional investment in R&D
and manufacturing but challenge was limited resources
 This forced the mgt to limit their focus on four key-segments, optinalmology and pain
mgt in india and niche generic products outside.
 “We had to take additional risk at borrowing more to pursue the new strategies.But all
these efforts were rewarding”
 It was Yogesh who convinced the company’s lenders in 2003 to open their wallets.
After all, Ajanta needed funds to invest in new R&D and manufacturing facilities.
Initially, bankers were apprehensive. In early 2003, Ajanta’s lenders, including
officials from the State Bank of India and Exim Bank, gathered at a room in the Taj
Mahal Palace in south Mumbai to hear Yogesh out. “I made a presentation for an
hour-and-a-half about where we were earlier and how we planned to transition,” says
Yogesh. “The investors asked us to step out so that they could discuss the plan. About
45 minutes later, they said they believed in our strategy and were willing to extend the
loan facility we needed.”

 Leader ship style – Democratic Mr. Yogesh and his brother believed in democratic
leadership in which all the member of the group and company participate in the
decision-making process, this type of leadership can apply to any organization, from
private businesses