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This profile was last updated on 8/16/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Sudhir Vaid

Wrong Sudhir Vaid?

Chairman and Managing Director

Local Address: Ahmedabad, Gujarat, India
Company Description: Concord Biotech Limited is an R&D based Biotechnology company, having focus on the fermentation, semi-synthetic and synthesis based products. Since its inception in...   more
Background

Employment History

Board Memberships and Affiliations

13 Total References
Web References
Ankur Vaid, son of Concord ...
www.business-standard.com, 29 Nov 2010 [cached]
Ankur Vaid, son of Concord Biotech's founder Sudhir Vaid, confirmed the Ahmedabad-based company's plans.
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"Definitely, an IPO is in the pipeline," Vaid told Business Standard. He is also a director of Concord Biotech. "However, we have not yet decided the timeframe and the amount to be raised from the issue," he added.
Vaid said Jhunjhunwala had a "significant stake" in Concord Biotech.
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According to media reports, Jhunjhunwala holds 40 per cent while Sudhir Vaid owns 52 per cent.
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Tags :IPOs | Rakesh Jhunjhunwala | Concord Biotech | Hungama Digital | Topsgrup | Ankur Vaid | Sudhir Vaid | Sebi |
Welcome to Concord Biotech
www.concordbiotech.com, 12 July 2014 [cached]
Sudhir Vaid is the MD and CEO of Concord Biotech Limited. He is responsible for ensuring efficient and effective functioning of the organization as a whole. As a promoter of Concord Biotech Limited, Sudhir is responsible for providing the strategic direction and is the keystone in building strategic partnerships and a strong and prestigious customer base for Concord.
Sudhir began his career as a biotechnologist in the year 1975 and has worked with the leading biotechnology companies in India and abroad, before he turned entrepreneur in the year 2000. He brings with him a rich 30 years of experience in Corporate R & D and consultancy with the leading global API companies in the area of biotechnology encompassing vitamins, statins, hormones and antibiotics.
He is a prolific observer with an open mind & a zeal for excellence. He has a keen determination to grow which has led Concord to achieving greater heights. With his vision & foresight Concord has come up to be one of the fastest growing global fermentation based API companies.
THE CYBERABAD TIMES
www.cyberabadtimes.net, 1 Dec 2005 [cached]
Sudhir Vaid, the main promoter and managing director of Concord Biotech, signed a term sheet with Matrix executives in Secunderabad on Tuesday.
Business News
www.deccan.com, 7 Dec 2005 [cached]
Sudhir Vaid, the main promoter and managing director of Concord Biotech, signed a term sheet with Matrix executives in Secunderabad on Tuesday.Matrix sources said that Concord Biotech is a closely-held private company, which posted a net profit of Rs 2 crores on revenues of Rs 15 crores in 2004-05.Financial terms of the deal were not disclosed.
Matrix will be acquiring the 55 per cent stake in Concord Biotech through a combination of purchasing of existing equity shares from the promoters and other shareholders of the company and subscribing to the new equity shares to be issued by Concord Biotech on preferential basis.Mr Sudhir Vaid and his associates will continue to hold a 29 per cent stake in the company.Other existing shareholders will hold a 16 per cent stake.The sources said that Mr Vaid and his team will continue to spearhead the operations of the company under the guidance of the board in which Matrix will have majority representation.
Concord has filed Drug Master Files for Lovastatin, Simvastatin and Tacrolimus with the US FDA.Dossiers for obtaining Certificate of Suitability for these three products have also been filed with the European department for quality medicines.
Matrix Laboratories Limited
www.matrixlabsindia.com, 6 Dec 2005 [cached]
Mr. Sudhir Vaid, the main promoter and the Managing Director of Concord Biotech, and his associates will continue to hold 29% stake in the company. Other existing shareholders will hold 16% stake.
As per the understanding, Mr. Sudhir Vaid and his team will continue to spearhead the operations of the company under the guidance of the Board in which Matrix will have majority representation. Concord Biotech has posted a net profit of Rs. 2 crore on a sales turnover of Rs. 15 crore for FY 05, and is poised to achieve significant growth in the near future.
Promoted by Mr. Sudhir Vaid, a biotechnologist with 29 years of experience, Concord Biotech started its operations in April 2000 by acquiring the manufacturing facility from DSM and expanding into R&D and manufacturing facilities for Bio-tech based APIs. The manufacturing and R&D facilities of the company are located at Dholka, near Ahmedabad in Gujarat.
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Mr. Sudhir Vaid has successfully demonstrated and transferred commercial scale fermentation-based technologies to some of the leading biotech companies in India and abroad, prior to promoting Concord.
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Under the visionary leadership and guidance of the Matrix Laboratories' management, Concord Biotech will play a vital role in establishing as a major player in the fermentation technology-based products globally," said Mr. Sudhir Vaid, the promoter and the Managing Director of Concord Biotech.
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The commitment shown by Mr. Sudhir Vaid and his team for the company post acquisition of controlling stake by Matrix will add to the management depth of Matrix Group. Matrix and Concord have agreed upon for entering into a management contract for key personnel of Concord for a period of five years. In addition, Mr. Sudhir Vaid would also enter into a non-compete agreement with Matrix for three years, which would commence after the completion of the period of the management contract.
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