Biography - Samir Mehta ::
Mr. Samir Mehta, 52, is the Vice Chairman of the USD 2.75 billion Torrent Group and Chairman of Torrent Pharma. A B-School grad, Mr. Mehta has hands-on exposure and experience in the nuances of business and management. Torrent Group is being ably guided by Mr. Mehta through his analytical and professional approach. He has been providing strong strategic direction to all the business units of the Group.
Under his leadership, Torrent Pharma took various strategic initiatives including forays into new therapies and geographies, creating resources to match the exacting demands of markets, making Torrent one of India’s fastest growing pharma majors. It has established a strong presence in the cardio vascular, neuropsychiatry, diabetology, gastroenterology segments and has also ventured into new segments like pain management, dermatology, gynecology, oncology and nephrology. Through acquisitions, Torrent has strengthened its position in the nutraceuticals, women healthcare and dermatology segments.
Mr. Mehta can be rightfully credited for establishing Torrent Pharma’s strong pan-global presence, especially through its subsidiaries in the US, Germany and Brazil. It is his strong belief, that the future of Indian pharma lies in its research capabilities, and this led Torrent to invest in bolstering its R&D infrastructure. Today, Torrent Pharma has state-of-the-art research and manufacturing facilities which are certified by the regulatory bodies of various international regulated and semi-regulated markets.
Likewise, Mr. Mehta evinces keen interest in Power business of the Group. Under his guidance, Torrent Power has systematically improved its performance on all efficiency parameters and today it ranks amongst the best run power utilities in the country. With an installed generation capacity of 3334 MW, Torrent Power is fully integrated across the power sector value chain. Its Transmission & Distribution (T&D) loss in its license areas is amongst the lowest in the country. Mr. Mehta’s ability to take calculated risks enabled Torrent Power to expand its distribution operations in Maharashtra and Uttar Pradesh, and as a result, Torrent Power distributes power to over 3 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Bhiwandi and Agra. Mr. Mehta’s urge for efficacy and quality has led the Company to demonstrate excellent operational capabilities and high customer orientation, and this has won many accolades. The Company’s success in Bhiwandi has become a case study in the annals of the Indian power sector - a model discussed in various forums.
Equally conscious of his responsibilities towards society, Mr. Mehta has always been the guiding force behind the Group’s various environmental and CSR initiatives. All the units of Torrent Group have established extensive green covers in their vicinity. Environment conservation principles are incorporated at the design stage itself when new facilities are planned. The Group’s power plants and pharma manufacturing facilities have obtained IMS certifications and have been conferred the Sword of Honor by British Safety Council for their exemplary performance in health and safety management.
The CSR activities of the Group primarily focus on education and healthcare. Educational initiatives include setting up schools, providing merit scholarships, and improving quality of education and infrastructure. On healthcare side, the Group has set up the U N Mehta Institute of Cardiology in Ahmedabad, a 450-bed hospital with state-of-the-art facilities, to provide quality treatment especially to the economically weaker strata of the society. A recently launched ambitious child healthcare program - REACH (Reach EAch CHild), aims to positively impact lives of 25,000+ children across India’s rural belts over the next few years through concerted efforts of each member of the Torrent Group.
A fine blend of trained business acumen, managerial genius and rational exuberance, Mr. Mehta has helped shape various spheres of the Group through his contemporary outlook and innovative but realistic ideas. The Torrent Group, having a diverse workforce of nearly 20,000 employees with 900 internationally based, has earned a reputation for being employee-centric due to Mr. Mehta’s practice of fairness and humaneness.