DR. SATISH WAMAN WAGH

FOUNDERS

With a vision to conduct ethical business, provide employment opportunities and contribute to the growth of the economy, Dr. Satish Wagh a first-generation Maharashtrian entrepreneur founded Supriya Lifescience Ltd. in 1987. Today it is a 36-year-old Bulk Drugs Manufacturing company, having 4 state-of-the-art facilities in Maharashtra & Head Quarters in Mumbai.

Dr. Wagh has completed his double graduation in Chemistry & Economics and has also been awarded the Prestigious Doctor of Philosophy in Entrepreneurship from The National American University. He has more than 36 years of rich experience in Pharma & Chemical Industry.

Supriya Lifescience Ltd. currently has a global footprint across 120 countries with a customer base of more than 2000 customers and a diverse portfolio of over 40 Active Pharmaceutical Ingredients (APIs). Under Dr. Wagh’s leadership, the company has been successful in getting approvals from authorities such as- USA, Europe, Japan, Latin America, Canada, Australia, China, etc.. They are currently the largest producer of Anti-histamines, Anti-allergic, Vitamins and Anaesthetics range in the world putting Maharashtra and India on the World Map in the Pharmaceutical sector. As of today, the company is providing employment to more than 1000 people and is currently generating a turnover of 500 Cr. which is estimated to reach a turnover of 1000 Cr. in the next 4 years. The company is generating approx. 78% of its revenue is from exports.

The Company has successfully completed its Initial Public Offer (“IPO”) aggregating to Rs. 7000.00 million out of which Rs. 5,000.00 million was Offer for Sale (OFS) in its initial public offering. The IPO was over-subscribed by 73.94 times in aggregate. The Issue was opened on December 16, 2021 and closed on December 20, 2021. The issue was led by book running lead managers viz., ICICI Securities Limited and Axis Capital Limited. Pursuant to the IPO, the Equity Shares of the Company were listed on recognized stock exchanges i.e. BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) on December 28, 2021.

Journey with CETP

As Chairman of CETP (Lote Parshuram Environment Protection Co-operative Society Limited), Dr. Wagh was responsible for generating Rs. 46 Cr. for Upgradation of Common Effluent Treatment Plants for Lote and Roha Industrial Areas in Maharashtra from Ministry of Commerce & Industry.

He also played a key role in getting the approval for Zero Discharge Three Plants in Maharashtra worth of Rs. 100 Cr. will be run on PPP basis, which will be of a great help to all the industries in Maharashtra.

He is also working hard for industrial areas such as Tarapur, Taloja, Lote, Roha in Maharashtra for taking treated effluent to deep sea discharge for which he has made a project worth of Rs. 450 Cr. and submitted to Government of Maharashtra which is under final consideration.

He has also initiated a Rs. 7 Cr project for Testing Analytical Laboratory in Lote Industrial Area for Small and Medium Scale Units under ASIDE scheme

Along with export promotion of our country, Dr. Wagh has also been passionate about the social upliftment of Maharashtra State. He strongly believes that Education is the key to transform the future of the country and has supported the education sector by making several donations for building of schools, colleges and auditorium amounting to Rs. 2.81 CR. Besides, mapping his own growth and continuous service to Pharma & Chemicals Industry, he is also very enthusiastic about helping young new entrepreneurs to mark their presence in pharma world. He regularly conducts lectures for business & entrepreneurship across prestigious institutions like IIMA, Ahmedabad ; Symbiosis International University, Pune ; IIFT, Delhi

In the last 3 decades of his career, he has been bestowed with several prestigious awards as mentioned below :

  • Felicitated by Hon’ble Prime Minister Shri. Narendra Modiji during Vibrant Gujarat as Chairman Chemexcil many times.
  • Felicitated by Hon’ble President of United State Shri. George Bush during Chemical Weapons Conference in USA.
  • ‘National Award for Best R & D – 2010 presented by Hon’ble Pratibha Patil’,
  • ‘National Award for Best Entrepreneur -2007’ presented by Hon’ble Dr.Manmohan Singh,
  • ‘National Award for Quality-2003’ presented by Hon’ble Dr.Abdul Kalam,
  • ‘National Award for Best R & D-1999’ presented by Hon’ble Lalkrushna Advani achievements in small scale sector etc.
  • State Award in Year 2017-18 for the Excellent performance of export presented by Hon’ble Shri. Subhash Desai. Minister for Industries and Mining. Government of Maharashtra.
  • State Award in Year 2016-17 for the Best performance of export presented by Hon’ble Shri. Subhash Desai, Minister for Industries and Mining, Government of Maharashtra.
  • State Award in Year 2015-16 for the Best performance of export presented by Hon’ble Shri. Subhash Desai, Minister for Industries and Mining, Government of Maharashtra.
  • State Award in the Year 2009-2010 for Best Performance of Export presented by Hon. Kshatrapati Shivaji, Principal Secretary (Industries), Industries, Energy and Labour Department, Govt. of Maharashtra.
  • State Award in the Year 2008-2009 for Best Performance of Export presented by Hon’ble Rajendra Darda, Minister, Industries, Employment & Self Employment, Govt. of Mararashtra.
  • State Award in the Year 2007-2008 for Best Performance of Export presented by Hon.Rajendra Darda, Minister, Industries, Employment & Self Employment, Govt. of Mararashtra.
  • ‘Regional Award for the year 2000-2001 followed by State Award for Best Performance presented by Hon’ble Dr. Patangrao Kadam’.
  • ‘District Award for the year 1999-2000 followed by State Award for Best Performance presented by Hon’ble District Collector Shri. Mahesh Pathak’.
  • FIEO Niryat Shree Award for Outstanding Export Performance in the category of Chemicals, Drugs, Pharma & Allied Products MSME for the year 2008-09 presented by Shri. Jyotiraditya Scindia, Hon’ble Minister of State for Commerce & Industry.
  • ‘Best Exporter in Maharashtra’ and ‘Brand Ambassador for MSME’ Award in Year 2016-17 presented by Hon’ble Governor Shri. Vidyasagar Rao in the presence of Shri Subhash Desai, Hon’ble Minister of Industries, Govt. of Maharashtra and Shri Deepak Kesarkar, Minister of State for Finance, Rural Development & Planning, Govt. of Maharashtra.
  • ‘Bharatiya Mahanatam Vikas Puraskar’ for the year 2018-19 from Asia One Magzines.
  • ‘Outstanding Export Performance Award’ for the year 2018-19 from Pharmaceuticals Export Promotion Council of India.
  • ‘Elite Customer Award’ for the year 2018-19 from The Saraswat Co-operative Bank Ltd.
  • Dr. A.P.J. ABDUL KALAM Professional Excellence Award for Entrepreneurship on 14th October, 2019.

He has supported various states and district which have been affected by natural disasters through significant donations

In the ongoing COVID 19 Pandemic, he actively made donations amounting to Rs. 30 lacs through distribution of Medicines, Masks and Sanitizers to front line workers such as Ratnagiri Police, The Collector’s Office Ratnagiri, Gram Panchayat and under privilege villagers. He has also donated Ventilators and Wheel Chairs to several hospitals in Ratnagiri.

Dr. Wagh’s vast experience has been recognized over the years and featured in various magazines and journals like ‘Indian Economy & Market’, ‘India Business Journal’, among others.

In March 2021, He was also featured under ‘Forbes Powerful Performers 2021’ for his assertive mindset, positive approach and steadfast refusal to back down in the Covid-19 pandemic and for playing a significant role in providing impetus and enabling India’s revival efforts as a nation.

Recently Dr. Satish Wagh has been selected for Entrepreneurship Award from Howard University, USA.

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