Manufacturing To Services …Posted: August 25, 2009
I was seeing an interview of Malvinder Mohan Singh on tv yesterday, when i suddenly realized … this is probably one of those transformations which one should look at … the way they have transformed the company. Actually, it would be incorrect to say company, because they did sell it to Daiichi Sankyo, but the transformation in the businesses they are into is quite large, and seems to have been managed quite well.
Till some time back, the Singh brothers were managing Ranbaxy, primarily a manufacturing company, also into retail to some extent. Once they sold their stake to Daiichi Sankyo, they seem to have moved into businesses which are related, and yet, are quite different from the classical manufacturing business that they were into earlier. So, from being into manufacturing pharmaceuticals, they have moved into healthcare, diagnostics, and a host of other businesses. The point is, the transformation has been from being into manufacturing, to being into services. Whether it be Fortis, or Religare, the change has been quite huge. Now, i am not aware of how this has been managed on the inside, but this could be an interesting episode from which we could learn about how such transformations can be successfully managed. Anyone who would like to comment on this, is most welcome. I am sure there would be a lot to learn.