Dr. Nagma Abbasi: A Transformational and Eminent Leader creating opportunities from challenges in Biotechnology, Life Sciences and Healthcare…

NextGen Life Sciences Pvt. Ltd is committed to catering to the research needs of scientists in the field of Molecular Biology, Cell Biology, Immunology, Healthcare, and Drug Development. Established in 2014, the company aims to be a frontrunner in the life science research and diagnostic market by providing the best innovative biological products. The company offers products and services for Cell Analysis, Cell Culture & Transfection, Cloning, DNA & RNA Purification, Sequencing, Next Generation Sequencing, Drug Discovery, and Molecular Diagnostics. NextGen Life Sciences works closely with its customers and serves the mission to provide quality products and services in time at a competitive price. The company partners with leading brands from the USA, Europe, Singapore, and other South East Asia countries for distribution business, manufacturing, and R&D.

Dr. Nagma Abbasi leads NextGen Life Sciences Pvt. Ltd since its launch in 2014. As the CEO of the company, she desires to take the company into a global spectrum by developing and executing innovative and long-term strategies. Nagma, being a scientist herself has wide knowledge about issues faced by scientists and researchers. Hence, she is committed to offering innovative solutions to scientists from Biotechnology, Life Sciences, and the Healthcare sector.

Nagma studied Business Administration from the Institute of Management and Technology (IMT), Ghaziabad, and took a Ph.D. in Molecular Genetics from Aligarh Muslim University (AMU). Nagma was a Post-Doctoral Research Fellow at the Indian Agricultural Research Institute, Delhi. She has a career spanning over a decade that includes handling and leading various positions at esteemed research institutes and MNCs. Her expertise revolves across different verticals including product management, brand building, customer segmentation, and strategic marketing. Prior to establishing NexGen, Nagma worked as the Key Account Manager at Thermo Fisher Scientific, a biotechnology company.

As a scientist, Nagma could easily point out the existing hardships of scientists and decided to bridge the technology gap in the industry by creating NextGen Life Sciences. The company addresses a variety of requirements such as the sample, material characterization, and analysis to clinical diagnosis and biological-based therapeutics handling. Nagma reveals that working in Indias Premium Research Institutes on advanced techniques in biotechnology during her academics and handling different positions in Sales and Marketing at Multinational Companies have shaped her successful career path.

Businesses are not successful without a handful of challenges. Nagma and NextGen had their own share of obstacles to sail through. Nagma recalls that initially, like any other start-up, the company had to face a few challenges like capital investments, assembling a quality team, building a customer base, and good relationships. However, today Nagma proudly says that NextGen can deliver the best smart services because of the great hard work, determination, and dedication shown by her and the team. She reiterates that this determination and growth have made NextGen the most preferred brand for clients. Nagma transformed challenges into opportunities and enhanced the potential of the biotech industry.

Nagma mentions that the COVID-19 pandemic has been another notable challenge the company had to deal with. Since research institutes were closed, Nagma says that the Life Science Research area of the company was impacted and had its repercussions. Nonetheless, Nagma and her team did not step back and instead started working with clients recommended by the ICMR for Covid testing and VTM manufacturers.

Nagma recalls how the lockdown and temporary shutdown of companies affected the companys deliveries and payments. During this scenario, she states that the team got personally involved, applied for an e-pass, and moved products from airports to client sites. Even in the unfortunate crisis, NextGen continued aiding its clients. This, says Nagma, helped gain the confidence of customers and the company went ahead to give credit as required to the customers and delivered much-needed products within given timelines. Nagma believes that the pandemic as a challenge has prepared leaders to adapt to the changing workspaces, work with time management and limited resources. According to her, as a women leader she has managed to have a good work-life balance, have projected multitasking skills, and she as a leader has been patient throughout this transition.

Nagma considers NextGens consistent growth for the last six years in terms of revenue and profitability as the key achievement for the company and team. The company has been successful in attaining customer trust in a short period by providing excellent services in the industry, concludes Nagma.

Nagma reveals that NextGen aims to create an innovative environment, where the team could work effortlessly and provide innovation in biotechnology. She says that the biotechnology sector has developed over the years and hence, NextGen could advance and adapt to changing market scenarios and initiate revolutionary company policies. As per Nagma, NextGen has maintained a long-term, successful relationship with its clients by delivering quality services. This includes turnaround time for product deliveries, managing inventories with microanalysis of basic needs of prime customers, addressing customer problems in time with the best solutions, and maintaining a highly-skilled, trained sales and technical team.

According to Nagma, the wide range of product offerings by NextGen aids scientists and researchers to cope with difficulties, challenges, and helps them to interpret the desired results. Nagma discloses that NextGen and its product offerings attempt to empower scientists and researchers to deal with complex analytical challenges in pharmaceutical, biotechnology, academic, government, environmental, and industrial research, and provide knowledge on innovations and technologies. Nagma conveys that NextGen has a major focus on scientific research needs and customer services.

She ensures that NextGen is keenly working towards innovating techniques in Biotechnology like Next Generation Sequencing (NGS) in clinical laboratories, NGS data analysis, and interpretation of unknown genetic variants and CRISPR technology. She adds that CRISPR technology is a simple and powerful tool for editing genomes which can bring a new revolution in the clinical market. The company is looking forward to expanding its business in West and South India in the coming years. She further reveals NextGens plans to add more brand products owned by the company.

Nagma proudly shares that she and NextGen have secured many awards and recognitions over the past few years. Dr. Nagma has been featured as one of the Top Inspiring Business Leaders making difference in 2021 by GlobalTech Outlook Magazine. The Enterprise world featured Nagma on the cover page and NextGen as one of The Best 5 Biotechnology and Healthcare companies to be focussed on in 2021. The CEO Story 2021 featured NextGen as Top 10 Trend Forecasters giants in the business. Nagma was recognized in the Cover Story Feature as Top 10 Most Inspiring CEOs to watch in 2021 by Prime Insights Magazine. WCRC selected her as Indias Inspirational leader in 2020. Nagma was also featured by Forbes India among the Top 10 Women Entrepreneurs of India 2020. Other accolades include, featured amongst 30 Most Influential CEOs by CIO Bulletin, winner of India 500 CEO Awards 2020, and listed as Indias Most Influential CEO of the Year 2020- Life Sciences by Corporate Vision Magazine, UK. NextGen Life Sciences Pvt. Ltd. is a winner of India 5000 Best MSME Award 2020.

Nagma recalls that she was taught to be an independent woman from a very young age and this has driven her to transform her dreams into reality. She has gained recognition and distinction as a leader and entrepreneur in the start-up industry and has been working relentlessly and ethically to bring technological advancement to the life sciences and healthcare industry.

According to Nagma, leadership is a journey, and not a destination, hence leaders make pathway decisions about the people they lead, their organizations, and themselves. She feels that passion, a positive attitude, and communication skills are the most significant aspects of a leader. In her opinion, an entrepreneur is a person who is responsible for setting up a business or an enterprise, one who has the initiative, skill for innovation, and one who looks for high achievements. Nagma believes that a leader should work for the good of the people, open up many employment opportunities and lead to the growth of other sectors.

She highlights that a leader should be someone who can bring an overall change through innovation and benefit society. Leadership qualities are important for entrepreneurs as far as Nagma is concerned. Lastly, Nagma reiterates that a leader and an entrepreneur should be prepared to take risks, have good decision-making skills, and effectively communicate with the team and the public on behalf of the company.

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Dr. Nagma Abbasi: A Transformational and Eminent Leader creating opportunities from challenges in Biotechnology, Life Sciences and Healthcare...