26-year-old Mohit Arora's Bharat Pharma and Bharat Biotech: Lessening India's Need on Imports by Growing APIs and Excipients Nationwide
Since the pandemic, the pharmaceutical industry in India has been on the rise. In addition to a substantial rise in exports, the business is adopting new technology and analytics and preparing for preventative and new treatment methods.
Mohit Arora is a businessman that was born and raised in Delhi. He is currently 26 years old and began his career in the field of medicines and raw materials in 2016. Mohit is certain that "The Future is Pharma," a phrase he coined to describe the pharmaceutical business, when one considers the amount of money made on a worldwide scale by this sector and the velocity at which new technologies emerge. According to his point of view, the Indian government ought to place a larger emphasis on the pharmaceutical sector in order to take advantage of the opportunities presented by APIs (active pharmaceutical ingredients) in the country.
According to him, the surge that was seen during the pandemic has shaken the Indian population to its very core. As a result, he thinks that every single person in the country ought to be familiar with the correct usage, dosage, and side effects of the appropriate medications in case of an emergency. APIs are an essential component of the business, and India is extremely reliant on nations such as China to supply it with the raw ingredients it need to satisfy its demands. The importation of 35 active pharmaceutical components is India's primary source of supply, accounting for 90 percent of the country's need. According to Mohit, using India's active pharmaceutical ingredient (API) potential is crucial to the development of the country as a manufacturing hub and to the reduction of dependency on raw materials for pharmaceutical production.
The young entrepreneur, then just 20 years old, had the bright notion at that age to broaden the scope of his APIs and excipients trade over the all of India. Since that time, he has been actively participating, together with his father, in the management of all aspects of their company's activities. Mr. Bharat Arora, Mohit's father, has a wealth of knowledge in this field, having spent almost twenty-five years working in it. He has also been successful in establishing a strong position in the market with his two companies, Bharat Pharma and Bharat Biotech.
The head office of Bharat Pharma can be found in Ghaziabad, while the company's warehouse can be found at Sanjay Gandhi Transport Nagar, in the city of Delhi. The other company, known as Bharat Biotech, has its headquarters in Baddi, which is located in Solan. When Mohit began dealing with new ideas and concepts in addition to managing both enterprises, his astuteness in the business world has helped to the vertical expansion of the company.
After beginning with 45 crores, his company has been consistently accomplishing huge goals, and Mohit is now close to having a turnover of 200 crores, despite the fact that he only started off with 45 crores. His unwavering commitment and strong work ethic have enabled him to broaden the scope of his enterprise and establish relationships with well-known manufacturers in India. In addition to this, he is also actively involved in the operation of a trade firm throughout India, namely in the states of Uttarakhand, Himachal Pradesh, Maharashtra, Punjab, Gujrat, and Uttar Pradesh.
Because of Mohit's unwavering dedication to his job, the companies he founded, Bharat Pharma and Bharat Biotech, have reached previously unimaginable heights under his leadership. Mohit's goals for his company include working with some of the best manufacturers and merchants in the industry, as well as expanding into some new markets.
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