We, at The Chief’s Digest, believe that nothing can beat the value that comes from connecting with leaders and masters in their respective fields, who have been through tough challenges, and share their stories of success against all odds. Speaking of the courage and persistence it takes to think clearly in the hurdles and obstacles on the path of one’s purpose and pushing through it to reach the goal, it gives us immense pleasure to introduce NextGen Life Sciences Pvt. Ltd.
Established in 2014, NextGen Life Sciences is a single-source facility catering to the research needs of scientists in the field of Molecular biology, Cell biology, Immunology, Health care, and Drug Development. The NextGen group bridges the gap in understanding the needs and pains of Researchers of the Life Sciences/ Biotech industry and helps scientists gain insight on the recent innovations and technologies, assuring a sound knowledge of the subject matter. Initially, NextGen tries getting insight on the customer requirements by exchanging ideas, understanding the complete workflow, and then expecting results which in turn helps them to suggest the best possible customized solutions to their customers.
We had the pleasure of interviewing Dr. Nagma Abbasi, Founder & CEO, NextGen Life Sciences. Below is an excerpt from the interview.
What were the challenges that you had to face in your initial years?
Like all startup companies, NextGen had its fair share of challenges during its initial stages, like capital investment, finding good talent, building customer trust, and good relationship. Without just sitting back and relaxing, NextGen overcame these problems and today it stands strong in the market by creating a unique place.
The factors that helped NextGen to grow are
- Company Culture
- Knowledge Management
- Clearly Defined Roles
- Continued Scalability
- Cash Flow
- Development of Internal Tools
- Consistent Team Quality
- Customer Happiness
- Core Values
- Little Wins
- Team Performance Evaluations
How have consumer responses motivated you to shape and grow your organization?
With its augmenting spectrum of products and solutions, NextGen empowers the mounting realm of research to solve complex analytical challenges in the pharmaceutical, biotechnology, academic, government, environmental and industrial research, and the clinical laboratory. The company’s products address a wide range of requirements right from the sample, material characterization, and chemical analysis to clinical diagnoses and biological-based therapeutics handling.
The company offers services for Cell Analysis, Cell Culture & Transfection, Cloning, DNA & RNA Purification, Gene Expression Analysis & Genotyping, PCR, Protein Expression & Analysis, Real-Time PCR, Sequencing, Synthetic Biology, Cancer Research, Stem cell research, Drug Discovery and development, Plant Sciences, Epigenetics and Services for Sequencing, Next Generation Sequencing, and Bioinformatics.
If you have to list five factors that have been the biggest asset to your organization, what would they be and why?
The Strategic Mindset: Rational and well-informed decision making at the right time, with calculated risks is essential for the core team members. The management and the leadership teams should lead the company’s people and processes with a long-term proactive approach rather than a day-to-day reactive approach.
The Human Resource Pool: Organizations fail to deliver in the absence of the right delivery teams. Well qualified and experienced professionals enable quick adaptability that enables the business to respond to circumstances and stay ahead of the competition.
Operational Efficiencies: All the operational processes must be fine-tuned for achieving high productivity in terms of employee performance and overall output.
The Financial Health: It is well worth considering the various aspects of maintaining the financial health of the firm which includes close observation of liquidity, profitability, solvency among other key fiscal ratios.
Complete Customer Orientation: Customer orientation cannot be limited to marketing and sales. To succeed, an enterprise must make it part of its core value that infuses across every function of the organization.
What do you feel are the reasons behind your company’s reputation?
Great team, Products, and services, loyalty towards customers and partners, communication, hard work, consistent efforts are the key factors behind our reputation.
No matter who you are or what your goal is, without a good reputation you’ll find it difficult or almost impossible to achieve success. Your company’s reputation can be a catalyst for a new business or a roadblock for new customers. Protecting and improving your business reputation is the best way to increase your brand visibility, promote growth, and achieve success.
Where do you see you and your company a couple of years from now?
NextGen Life Sciences Pvt. Ltd. aims high with the launch of its own-brand products of international standards. At a steady pace, it is working constantly to empower the mounting realm of research to solve complex analytical challenges in the pharmaceuticals, food, environment, biotechnology, and industrial and clinical research.
Meet the Leader Who Makes Things Happen in NextGen Life Sciences
Dr. Nagma Abbasi, Founder & CEO
Dr. Nagma is leading the development and execution of long-term strategies with the vivid vision of expanding the organization’s footprints across the global market. She attended IMT Ghaziabad, AMU, Aligarh, and Indian Agricultural Research Institute, Delhi for her studies in Business administration, Doctoral studies in Molecular Genetics, and Post-Doc in Molecular Biology.
She learns from her experiences, failures, and updates herself about the worldly changes through reading. She wants to be the best entrepreneur and an example for the future generation. Her career spans over a decade working with Esteemed Research Institutes and leading Multinational companies in the Life Sciences / Biotech industry across various verticals like Product management, customer segmentation, brand management, and strategic marketing.
Check out their website for more details about their work.
Quote: “The company’s mission is to discover, delineate, and deliver high-quality products and excellent services that enable millions of lives to live a healthy and better life.”