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When
the Himalaya Drug Company decided to launch its own brand of honey,
Chief Executive Officer Ravi Prasad had a few concerns - he wanted
to ensure that the quality at source was maintained and nature should
not be harmed. He struck a deal with the tribals to follow safe
practices for honey collection and gave them a part of the profit.
"It was one way of giving something back to nature," says
Ravi. He made frequent visits to ensure that the tribals did not
overexploit honeycombs.
It is to Ravi's credit that he has created
a buzz about Ayurveda. He positioned Himalaya as a source of 'pure
and healthy' products based on ayurvedic concepts and spread the
message to 56 countries. He also launched the consumer products
division, Ayurvedic Concepts, and integrated the different business
divisions under the brand, Himalaya, the herbal healthcare provider.
"Products were high-priced but then customers wanted safe and
effective products," he says.
Ravi holds a Master's degree in business
from the Asian Institute of Management, Philippines. He joined Himalaya
in 1991 as a Sales Development Manager and his move up the corporate
ladder was rapid. He became export manager in two years. In 1998,
he became President and CEO.
The launch of Chyavanaprash on a national
level was a big test. The market was dominated by Dabur and regional
players. Ravi experimented by mixing honey to the Himalaya product
range. The strategy that the ingredients were harvested from the
company's backyard also helped.
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