Abhinav Thakur is a highly experienced managing director at Accurex with a proven track record in the medical device industry. He possesses a diverse skill set that includes expertise in business planning, sales, medical devices, strategic planning, and business development. Abhinav is known for his strong business acumen and his ability to drive growth and success in the organizations he leads.
Below are highlights of the interview:
Can you please provide a brief overview of your professional background and experience in the industry?
The beginning of Accurex traces its roots back to a visionary, my father, Mr. Anil Thakur, a revered name in the diagnostic industry. Serving as the founder and former Managing Director of Accurex, he brought to the table over 30 years of rich experience in diagnostics. His professional journey began in 1976, when he embarked on a promising career with Miles India Ltd., a prominent USA-based multinational specializing in diagnostics.
Throughout his tenure at Miles India Ltd., which extended until 1984, he held pivotal roles within the organization, shaping his expertise and perspective. In 1984, he laid the foundation for Accurex. This venture, specializing in clinical biochemistry, pioneered enzymatic reagent kit manufacturing in India. A notable distinction was our self-sufficiency in producing everything in-house, from raw materials to finished products.
Mr. Thakur’s influence on Accurex was immeasurable. Tragically, he left us on January 25, 2004, yet his ideals and vision continue to steer our path. It’s our commitment to his dream that propels Accurex towards leadership in the Asia-Pacific region.
Returning to India from the USA, I assumed the mantle of leadership to sustain the family legacy. My education in biochemistry and management at the University of California, Davis, along with a degree in managerial economics and electives in biochemistry, fortified my foundation for this journey. Prior to Accurex, I briefly contributed to the California Diabetes Prevention Program under the Department of Health Care Services (DHCS), a stint that illuminated the impact of modern lifestyle shifts on health. The rise of non-communicable diseases (NCDs) due to sedentary lifestyles and processed diets has emerged as a pressing concern.
My American background equips me with insights and skills that drive Accurex’s growth. It’s a fusion of my heritage and my international experience that fuels our dedication to revolutionizing the diagnostics landscape.
We’re committed to realizing the vision that Mr. Anil Thakur envisioned, ensuring that Accurex stands at the forefront of progress and innovation.
Tell us about Accurex and its mission.
Diagnostic tests play a crucial role in healthcare. They provide vital information to healthcare professionals, enabling them to make accurate diagnoses and treatment decisions. In fact, around 70% of medical decisions rely on diagnostic reports.
Diagnostic tests affect clinical decision-making and are included in medical guidelines is undeniable. It is important for the docotor to interpret diagnostic tests in a way that facilitates clinical decisions that improve health outcomes.
Our primary goal is to establish trust in diagnostic reports among doctors. This trust is seen as a key factor in achieving improved healthcare outcomes, emphasizing the importance of reliable diagnostics in healthcare decision-making.
Hence Our MISSION at ACCUREX is: Diagnose with confidence for a healthier world.
What strategies do you employ to ensure that Accurex remains competitive in the market?
To maintain Accurex’s competitiveness in the market, we employ a strategy that focuses on maintaining consistent quality in our manufacturing processes. This involves implementing six international quality controls. These controls not only ensure the reliability of our diagnostic results but also instill confidence in healthcare professionals. This commitment to quality and consistency sets us apart and keeps us competitive in the industry.
Additionally, we drive innovation by introducing products that deliver faster results, ultimately expediting patient treatment and enhancing our market position.
How do you foster a culture of innovation and adaptability within your organization, considering the rapidly changing landscape of the business industry?
To nurture a culture of innovation and adaptability within our organization, we have a multifaceted approach. Our in-house research and development team tirelessly focuses on addressing the evolving needs of the market. Additionally, we value the input of our sales team, who are at the forefront of customer interactions. They provide invaluable feedback, helping us identify areas where innovation can meet customer demands. By synergizing these efforts, we foster a dynamic environment that embraces change and drives continuous innovation to stay ahead in the rapidly evolving business landscape.
What steps do you take to attract and retain top talent in the industry, and how do you encourage professional growth and development within your organization?
To attract and retain top talent in our industry, we prioritize several key strategies. First, we recognize the importance of our online reputation and maintain exceptional ratings on platforms like Google reviews and Glassdoor. This positive feedback on our company culture serves as a magnet for top talent, and once they join us, our performance-based and unbiased culture fosters high job satisfaction, making them more likely to stay.
Furthermore, we understand the value of continuous learning and development. We’ve instilled a culture of growth by encouraging every team member to undertake one course or read one book per month to acquire new skills. This commitment to personal and professional development empowers our employees on their career journeys, ensuring they continue to evolve and contribute effectively within our organization.
How do you address the increasing importance of digitalization and technology in the sector, and how does it influence the company’s operations and customer experience?
Our commitment to leveraging technology for improved customer experiences and operational excellence. In response to the growing significance of digitalization and technology in our sector, we’ve embraced a forward-looking approach. Recognizing the digital era’s transformative power, we’ve initiated a culture of becoming a paperless company. This not only aligns with sustainability goals but also enhances efficiency by streamlining processes.
Digitalization via the internet has played a pivotal role in our sales and marketing strategies, not only offering cost-effective solutions but also expanding our reach to a global customer base. Moreover, within our product development, we continuously innovate to provide faster and more accurate diagnostic test results. This empowers healthcare professionals to make timely and confident medical decisions, underscoring.
As Managing Director of Accurex, what is your overall vision for the company’s future and how do you plan to achieve it?
My overarching vision for Accurex is to honor my father’s legacy and position the company as a prominent leader in the Asia-Pacific region. We aspire to be among the top three companies in this dynamic market. To achieve this vision, our strategy centers on the unwavering commitment to consistently deliver high-quality products renowned for their accuracy and precision. By empowering healthcare professionals with these tools, we aim to contribute to a healthier world while realizing our dream and reaching the pinnacle of success in the Asia-Pacific healthcare sector.
What advice would you give to aspiring leaders or individuals looking to join the industry?
My advice to aspiring leaders and individuals aiming to join our industry is rooted in a few key principles. First and foremost, prioritize building a strong foundation of technical skills, whether through formal education or self-directed learning. In this field, a solid technical background is essential.
If you plan to pursue an MBA, consider gaining a few years of practical experience first. Combining theoretical knowledge with hands-on experience can be a powerful combination.
Above all, I echo the wisdom of Warren Buffett, who places utmost importance on integrity in leadership. As he wisely puts it, “In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don’t have the first, the other two will kill you.” Integrity is the cornerstone of trust, sound decision-making, and enduring relationships in leadership. So, prioritize and nurture this invaluable quality on your journey to becoming a successful leader in our industry.
Please visit: https://accurex.net/
