Business APAC Leading Personalities in Pharma and Biotech 2024

SEPTEMBER 2024

Founder and Chairman New Image Group Ltd.,

GRAEME CLEGG A ViSiONARY'S QUEST FOR OPTiMAL HEALTH THROUGH COLOSTRUM

Business APAC Leading Personalities in Pharma and Biotech, 2024

EDITOR’S LETTER Leading Personalities in

PHARMA AND BIOTECH 2024

Business APAC Leading Personalities in Pharma and Biotech 2024

Brightest Minds Transforming Healthcare!

D

ear Readers,

The pharmaceutical and biotechnology sectors in the Asia-Pacific (APAC) region are undergoing rapid transformation, driven by increased investments, groundbreaking technological advancements, and shifting market trends.

Countries like China, Japan, and India are emerging as global powerhouses, playing a pivotal role in shaping the future of these industries. Government reforms, rising healthcare expenditure, and the expansion of the middle class have fueled growth across the APAC region, cementing its status as a hub for pharmaceutical and biotech innovation.

The region’s pharmaceutical market is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2027, highlighting the immense opportunities available in this thriving landscape. As the demand for innovative healthcare solutions continues to rise, the importance of leadership and vision becomes ever more critical.

Leaders in the pharma and biotech industries are now at the forefront, driving progress with cutting-edge therapies, personalized medicine, and advanced biotechnological solutions.

In this special edition of “Business APAC Leading Personalities in Pharma and Biotech 2024,” we bring you the inspiring stories of the individuals who are reshaping the future of healthcare.

Our cover story highlights Graeme Clegg, Founder and Chairman of New Image Group Ltd., whose journey from sheep farming to biotechnology showcases the power of natural solutions in healthcare. Inspired by the beneficial properties of colostrum, Graeme’s early observations in farming led him to explore the health benefits of this vital nutrient for human well-being. His commitment to preventive healthcare through science and nutrition has transformed lives globally.

In addition to Graeme Clegg’s remarkable story, this edition features other influential leaders, such as Jason Ramos, Teerapong Cheepchol, Tik Man Tyler Cheng, and Dr. Sohan Chitlange. These dynamic individuals are pushing the boundaries of innovation, leading the way in developing transformative solutions that will shape the future of healthcare in the APAC region.

Together, they exemplify the visionary leadership needed to drive the industry forward into a new era of healthcare excellence.

Happy Reading!

Parag Ahire

PROJECT EDITOR

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Cover Story

Graeme Clegg

Contents

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Jason Ramos

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Teerapong Cheepchol

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Tik Man Tyler Cheng

Articles

Dr. Sohan Chitlange

Profiles

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How Did Lakshmi Mittal’s Net Worth Reach $15.5 Billion?

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How Did Tony Fernandes’s Net Worth Reach $400 Million?

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The Essentials of Emotional Intelligence in Leadership

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COVER STORY

GRAEME CLEGG A Visionary’s Quest for Optimal Health Through Colostrum

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Founder and Chairman | New Image Group Ltd.,

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Graeme Clegg, a sheep farmer from Masterton and the founder and chairman of New Image Group Ltd., developed a keen interest in the beneficial properties of natural products, especially colostrum. He observed its vital role as the first feed for newborn lambs, providing them with essential antibodies for disease resistance and setting the foundation for a healthy life.

During his early farming years, he made a significant observation: newborn lambs that did not receive colostrum succumbed to infections within 48 hours.

This led him to understand the critical role of colostrum in reducing mortality and providing a strong start to life. After witnessing the loss of his parents and brother to cancer, he felt a strong calling to help people lead healthier lives through science and nutrition. He firmly believes that individuals can take control of their health through natural sources and that prevention is indeed better than cure.

In line with his beliefs, he established his business, New Image Group Ltd. The company produces and sells colostrum-based products, catering to health-conscious consumers who recognize and appreciate the significant benefits of these products.

New Image Group Ltd.: Pioneering ColostrumBased Health Solutions

various age groups, and availability in easy-to-use oral formulations after inactivation, colostrum is a compelling choice for consumers.

At the time, the only commercially available colostrum was from cows. It was understood that the mammalian species from which the colostrum originated did not matter. All mammals are warmblooded, suckle their young, and are susceptible to the same diseases such as blood poisoning, diarrhea, food poisoning, cancer, and COVID-19. Cows produce more colostrum than a single calf requires, allowing for sustainable harvesting of the surplus.

Unlike humans, cows are not hygienic, making their colostrum significantly more potent than that of human mothers. A newborn must receive enough colostrum to ensure its immunity is not compromised, or it will not survive. However, colostrum must be handled with care to preserve its precious life forces.

New Image recognized that most of colostrum’s bioactives were too delicate to be processed in dairy milk powder plants due to high temperatures and pressure.

Therefore, they developed their facilities to ensure all the precious bioactives are retained. These unique processes, protected by patents, guarantee a superior product that retains the maximum bioavailability intended by nature.

Colostrum, an incredibly complex substance, is vital for activating all functions in a newborn’s body. It can be likened to blood serum transformed by the mammary gland, possessing all the life-giving properties of blood without any type restrictions. As a life force, it facilitates cell-to-cell communication and transfers memory and instructions.

Since its inception, the company has grown and diversified into a range of colostrumrelated products. It has expanded its operations internationally into 25 countries. In 2022, New Image Group Ltd. achieved a significant milestone, securing the #26 position in the Global 100 Direct Sales companies, with revenues nearing $500 million.

The bioactives that initiate every function in a newborn can restore optimal function when consumed at any stage of life. With a strong safety profile, suitability for

This remarkable growth, from humble beginnings, underscores the trust our global consumers place in the products we

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COVER STORY

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offer. It reflects the substantial health and well-being benefits derived from colostrum, as promoted by New Image.

Founder Graeme Clegg is so passionate about colostrum that he is the “Guinea Pig” for all the research. A recognized anti-aging specialist at 84, he remains physically active and runs the company’s international operations. Known internationally as “the man who slowed down time,” he started the company to save his life, having lost family members to cancer.

He says that he didn’t start the company to make money but to save his life. Fortunately, he has benefited from both. The trauma of losing his younger brother to cancer at 46, and then both parents, deeply affected him.

Realizing that he might have a genetic predisposition to cancer, he resolved to outwit the Grim Reaper.

Looking ahead, the company is committed to expanding its international presence and breaking into new markets with innovative products. The goal is to empower individuals worldwide to achieve their health and wellness objectives through awareness and self-intervention.

Colostrum: The World’s Best-Kept Health Secret Today’s immune system faces more threats than ever, from mutating viruses and processed foods to pollution and stress. All diseases and even aging result from a dysfunctional immune system. Colostrum, the first milk produced by all mammals after birth, offers a solution. No other substance on earth can match colostrum’s immuneboosting properties.

Bovine colostrum, distinct from regular milk, is rich in bioactive compounds. It garners attention for its potential health benefits and disease resistance. Produced just before birth, it’s available for the baby immediately.

Colostrum not only nourishes the newborn but also protects it from infections. Without

colostrum, a newborn would succumb to infections within 72 hours.

COVER STORY

Through colostrum, a mother transfers her immune system’s memory and protective qualities to her newborn. Colostrum protects the newborn’s gut from pathogenic bacteria and viruses and helps establish a healthy gut microbiome.

Colostrum is not only life’s first food but also the “Foundation Of Good Health.”

While gut microbiome development and pathogen protection are colostrum’s primary roles, it contains other bioactive factors known to heal and protect the newborn. These factors are important at all life stages, especially as we age. Humans have known this for centuries, but modern medicine has overshadowed this knowledge.

Reviving Ancient Wisdom: The New Image Mission to Promote Colostrum Ancient Egyptians revered colostrum for its spiritual properties, considering it “The Gift Of Creation.” Ayurvedic medicine prescribes colostrum for its medicinal benefits. Today, Hindus respect cows for their association with colostrum, indicating their reverence.

Evidence of colostrum’s healing properties is found worldwide. European cultures consumed foods made from colostrum, recognizing its health-promoting properties.

Today, many families use colostrum as a preventive product and increase consumption during health challenges.

They understand colostrum’s healing power.

Many wonder why colostrum’s healing properties aren’t more widely known. They are a mother’s secret, passed through families by word of mouth. Colostrum acts as a complete product to heal and repair the body, primarily by restoring the gut microbiome to a healthy state.

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When Alexander Fleming discovered penicillin in 1928, the pharmaceutical industry suppressed most of the ancient knowledge. The New Image’s mission is to make the world aware of Colostrum’s spiritual powers again.

compounds in this product.

New Image Group Ltd. recognizes colostrum’s potential and

Bovine Colostrum: Science or Sales Gimmick?

Bovine colostrum, rich in bioactive compounds, offers health benefits when consumed regularly.

Extensive research on this is available at “The Institute of Colostrum Research” This not-forprofit organization collects and shares the latest scientific data.

Antibodies (immunoglobulins) are the most notable compounds in colostrum. They provide newborns with protection against pathogenic viruses, fungi, and bacteria and help form a healthy gut microbiome.

Colostrum also contains other bioactive compounds, including immune-like factors, growth factors, signaling proteins and sugars, bioactive carbohydrates, bioactive peptides, milk phospholipids, oligosaccharides, lysozymes, lactoferrin, and lactoperoxidase, to name a few.

Some peptides show potential in modulating immune responses and reducing inflammation.

The scientific evidence underscores colostrum’s importance. Scientists continue to uncover its secrets. The latest research has identified 106 amino acid peptide sequences and an astonishing 152 proteins in the colostrum cream, which most commercial processing removes. Graeme Clegg’s curiosity about why nature would include cream in colostrum if it had no value led to these discoveries.

The current focus of the scientific community is on unraveling the intricate science of polypeptides, elucidating their mechanisms of action, delving into cell biology, and exploring translational immunology, among other areas. The scientific community is committed to sharing these discoveries with the international community, enriching the understanding of bovine and goat colostrum. This commitment aligns with the vision of New Image Group Ltd.’s Founder.

The below figure highlights a few bioactive

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strives to preserve its nutritional value. Graeme Clegg established New Image Innovation (NII) to explore colostrum’s bioactive compounds and their health benefits.

The company has made innovative leaps in technology to deliver superior products.

Alpha Lipid™ Technology is one such leap. It provides a protective barrier for colostrum’s bioactives, helping them transition through the gut wall and protecting them from the stomach’s acidity. This technology aims to maximize colostrum’s health benefits and empower individuals worldwide to achieve their health goals by strengthening the immune system.

New Image Innovation has researched extensively to manufacture a more enhanced bioactive colostrum. While immunoglobulin G is the accepted primary measure of colostrum activity, it only measures one aspect of the product’s functionality. NII is preparing to manufacture a novel Gold Standard colostrum powder. This new technology represents a paradigm shift in colostrum manufacture. The product is more bioactive than other powders in the market, targeting a wider range of health conditions.

NII has identified medical research partners and initiated a program investigating the new powder’s effects on

COVER STORY mitigating type II age-onset diabetes. Studies reported in literature investigate the relationship between colostrum and gut-associated diseases like Chrones disease, Leaky Gut Syndrome, and Irritable Bowel, all related to significant inflammation within the body.

Furthermore, NII investigates colostrum’s anti-inflammatory compounds and their role in mitigating diseases like arthritis, chronic fatigue, and fibromyalgia. They aim to stay at the forefront of colostrum research.

Moreover, the gut’s health is crucial for overall wellness. When the gut microbiome functions properly, it communicates with the brain, aiding healing and repair. Colostrum is known to repair the human gut microbiome, promoting gut health and better absorption of food components. This research ensures the provision of a safe, efficacious product with proven health benefits.

Graeme Clegg’s vision of creating a renowned health and wellness company, based on the life-force power of a mother’s product to protect her newborn, is materializing. The company, driven by a philosophy of continuous improvement and a commitment to human health, has developed numerous innovative products.

Alpha Lipid Lifeline, a fortified breakfast shake, is the flagship product designed to strengthen and protect the body throughout the day. It has become a staple in families across Asia.

Colostem, formulated to increase circulating stem cells, demonstrated a 122% increase in clinical trials published in esteemed medical publications.

Immunfort tablets, a breakthrough in concentrating 600,000 antibodies into a tablet, reinforce the immune system’s defenses against bacteria and viruses.

Beware – Not All Colostrum is Identical Not all colostrum is identical or provides real health and wellness benefits. New Image sets the standard for colostrum, ensuring it meets stringent quality parameters through highly sophisticated laboratory methods. It should be noted that the source of colostrum affects its bioactivity and behavior within the human gut. Improperly handled and processed colostrum can’t dissolve in the gut, rendering it ineffective for health and wellness.

The living environment of colostrum-producing cows influences their quality. Feed type also impacts the product. Companies that harvest and process colostrum on large factory farms often disregard the health and wellness of newborn calves. Almost all male calves receive less colostrum than the recommended minimum to start their life, leading to their death or slaughter. Furthermore, these large

The New Zealand Prime Minister Sir John Key acknowledges our best selling Alpha Lipid Lifeline.

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“

A healer is not someone you go to for healing.

A healer is someone that triggers within you, your own ability to heal yourself.

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COVER STORY factory farms are toxic environments, necessitating excessive antibiotic use. These antibiotics then contaminate the colostrum and milk.

Some practices even involve adding hormones to stimulate extra milk production, offsetting the high costs of keeping cows on concrete in barns throughout their lives and feeding them a corn diet. As ruminants, cows have a digestive system specifically designed for grass.

Cows living naturally in clean environments and freely grazing on pastures should provide high-quality colostrum.

They pick up the microbiome from their environment, which builds a robust immune system. This process not only enhances their immune system but also increases the potency of the harvested colostrum, making it as potent as nature intended. After harvesting, the colostrum should be gently treated, immediately chilled, and processed within 48 hours.

The New Image follows these specifications.

Embracing New Zealand’s Clean Green Ethos: New Image Group Commitment to Environmental Responsibility and Calf Welfare New Image Group aligns with New Zealand’s ethos of sustainability and responsibility, emphasizing animal welfare in colostrum collection. Recognizing colostrum’s role in bolstering calf immune systems, the company ensures calves receive colostrum within 12 hours after birth. This practice provides essential nourishment to calves, prevents disease vulnerability, and highlights responsible colostrum management.

The company collaborates with dairy farmers to adhere to stringent welfare standards and environmental obligations.

This partnership upholds sustainable colostrum collection and sale practices, aligning with the 2019 Dairy Cattle Welfare Code.

Through these efforts, New Image Group strives to safeguard calf welfare, honor New Zealand’s environmental ethos, and promote industry sustainability.

Why use the colostrum from New Zealand and New Image Group Ltd? New Image, a global leader in the colostrum market, has made significant investments in manufacturing technology.

Working directly with selected farmers, they ensure the procurement of premium fresh raw colostrum. The finest grade is harvested and processed into powder within 48

hours, maintaining quality standards through their collection vats on supplier farms.

In New Zealand, cows graze on pasture year-round, benefitting from natural sun exposure and living conditions.

By eliminating factors negatively affecting quality, like confinement and artificial lighting cows produce premium colostrum. This natural, pasture-based approach to farming not only promotes animal welfare but also enhances the nutritional content and bioactive properties of the colostrum produced. Moreover, New Zealand emerges as a prime source of high-quality colostrum, reflecting the country’s commitment to sustainable and ethical farming practices.

As part of their investment strategy, New Image acquired a unique spray drying facility, NZ Food Innovation (Waikato). The manufacture of their New Generation Colostrum is being moved to this facility. The innovative process by which the product will be made is soon to be patented.

The facility operates under a license from the New Zealand Government agency MPI and is audited against food safety and product safety standards every three months. Their novel process enhances a wide range of bioactive levels, reduces heat stress on the product, and significantly reduces any denaturation of the important bioactive compounds.

Furthermore, they employ a novel liposome technology to encapsulate some of the bio-actives to further protect them through the human gut. The process to manufacture their next-generation colostrum is novel, world-leading, and uses cutting-edge technology, to further protect the valuable life force contained within a product produced by a mother to protect her newborn. This innovative technology is attracting international interest as the membrane technology enables the direct extraction of valuable bio-actives so they can be concentrated for health supplements, dairy, and infant formulas.

In a nutshell, bovine colostrum, with its rich composition of bioactive compounds, represents a historical cornerstone in health practices. The intricate interplay of colostrum’s immunoglobulins, peptides, and growth factors suggests a holistic impact on immune modulation, inflammation reduction, and metabolic health. As we stand on the cusp of new scientific horizons, colostrum’s legacy persists, offering insights that may reshape paradigms in health and nutrition. If there were just one supplement to maximize health benefits it would have to be Mother Nature colostrum. The world needs a New Image and colostrum.

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Hitachi Social Innovation is

Dr. Sohan Chitlange Shaping the Landscape of Pharmaceutical Education in India

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r. Sohan Chitlange is an accomplished educator and visionary leader in pharmaceutical education. With a career spanning over two decades, Dr. Chitlange has significantly contributed to advancing academia, administration, and research. Currently serving as the Principal and Professor at Dr. D. Y. Patil Institute of Pharmaceutical Sciences and Research, his commitment to quality education and student-centric learning has propelled him to the forefront of the industry.

Dr. Sohan began teaching in 1999 at the Institute of Pharmaceutical Education and Research in Wardha, Maharashtra. In 2003, he recognized the significance of updating his academic profile and took a step forward by joining the prestigious Dr. D. Y. Institute of Pharmaceutical Sciences and Research in Pune.

Through dedication and perseverance, he ascended the ranks, eventually becoming a Professor. In this capacity, Dr. Sohan played an instrumental role in various administrative activities, paving the way for his appointment as the principal at DPU Pharmacy.

Driven to bring about transformative change, Dr. Sohan immersed himself in the academic system, assuming roles such as Chairman of the Board of Studies (Pharmaceutical Chemistry) at the prestigious Savitribai Phule Pune University. Additionally, his passion for supporting fellow teachers led him to become a member of the Association of Pharmaceutical Teachers of India, where he served as Secretary at the state level and currently holds the esteemed position of National Vice-President (West Zone).

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Implementing Decentralized Working and Committee Structure Dr. Sohan is the Principal and Professor at Dr. D. Y. Patil Institute of Pharmaceutical Sciences and Research, where he shoulders various vital roles and responsibilities. As the Principal, he assumes overall accountability for the institute’s academic and administrative activities, demonstrating his commitment to maintaining excellence in education.

One of Dr. Sohan’s primary duties is to ensure the smooth functioning of the institute’s various departments and units.

He believes in decentralized working and has implemented multiple committees with appointed second-line leaders who report directly to him. Each committee has specific tasks and responsibilities, including faculty and staff development, student support, stakeholder engagement, and quality assurance. By delegating responsibilities and fostering a collaborative work environment, Dr.Sohan enables effective execution and streamlined operations within the institute.

Setting clear objectives and targets, Dr.Sohan has implemented policies and guidelines that serve as a roadmap for the institute’s progress. He employs a diligent monitoring system, regularly reviewing the performance and progress of each committee through robust review mechanisms. This approach ensures that the institute remains on track and achieves its objectives effectively.

Beyond his role as Principal, Dr. Sohan also holds the position of CEOAdministration for Dr. D. Y. PatilUnitech Society. In this capacity, he works closely with the management and heads of the society’s diverse

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educational institutions. Currently overseeing 16 institutes, spanning fields such as engineering, pharmacy, management, hotel management, law, education, arts, commerce, sciences, and schools, Dr. Sohan plays a crucial role in maintaining regulatory compliance and ensuring the smooth functioning of the institutions.

Fostering Academic Excellence and Innovation Dr. Sohan plays a crucial role as the Principal of Dr. D. Y. Patil Institute of Pharmaceutical Sciences and CEO of Dr. D. Y. PatilUnitech Society. He strives to ensure the success of the organization and the students by providing effective administration, prioritizing academic excellence, promoting research, conducting audits, harmonizing IQAC policies, ensuring regulatory compliance, preparing for accreditation and rankings, and implementing the National Education Policy (NEP).

Dr. Sohan’s emphasis on research and collaboration with industry partners promotes innovation within the institute.

He encourages research activities and nurtures a culture of exploration and discovery among faculty and students.

This approach enhances the learning experience and equips students with the skills and knowledge required to thrive in the pharmaceutical field.

Regular academic and research audits spearheaded by Dr. Sohan enable continuous improvement. These assessments evaluate teaching methodologies, learning practices, and research output, facilitating the refining of academic and research standards. By incorporating interdisciplinary learning and updating the curriculum, Dr. Sohan ensures students receive a well-rounded education that aligns with industry demands.

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“

My passion lies in creating positive learning environments, developing policies for academic growth, and advancing pharmaceutical education in India.

Pharm) in various specializations, the institute covers a spectrum of educational opportunities.

Additionally, the institute offers a six-year Pharm.D program, a threeyear Pharm.D (Post-Baccalaureate) program for clinical pharmacists, and a Ph.D. program in Pharmaceutical Sciences for aspiring researchers and academicians.

With a dedicated faculty comprising experienced professors and industry professionals, the institute provides mentorship and guidance to students.

The faculty’s expertise and industry exposure ensure students receive a comprehensive education aligned with industry standards and emerging trends. Practical training and research opportunities further enhance students’ learning experience and prepare them for successful careers in pharmaceutical sciences.

Education and Research Excellence at DPU

Key Principles for Aspiring Educational Leaders

Dr. D. Y. Patil Institute of Pharmaceutical Sciences and Research is a prestigious institution dedicated to pharmaceutical education and research. Since its establishment in 1994, the institute has been committed to providing quality education and fostering excellence in pharmacy.

As an experienced leader in the education sector, Dr. Sohan has valuable advice for aspiring leaders.

First and foremost, he emphasizes the importance of developing a clear vision that guides one’s goals and actions. A strong vision provides direction, inspires, and motivates others to work towards a common purpose.

The institute offers various academic programs to cater to students’ diverse interests and career aspirations. These programs encompass a comprehensive educational journey that equips students with the necessary knowledge, skills, and competencies to excel in the pharmaceutical industry. From the two-year Diploma in Pharmacy (D. Pharm) to the fouryear Bachelor of Pharmacy (B. Pharm) and postgraduate programs such as the Master of Pharmacy (M.

Dr. Sohan strongly advocates for a commitment to lifelong learning. He believes staying updated with research, trends, and advancements is essential for educational leaders to make informed decisions and drive innovation. By continuously expanding their knowledge and skills, leaders can effectively navigate the evolving educational landscape.

Embracing Multidisciplinary Education to Address Industry Demands Dr. Sohan has a positive outlook on the future of education in the APAC region, envisioning a dynamic and promising future. He anticipates progress, innovation, and strong integration of emerging trends and technologies. The Dr. D. Y. Patil Institute of Pharmaceutical Sciences is dedicated to leading this transformation and promoting positive change in pharmaceutical education.

Dr. Sohan believes that technology will be crucial in shaping the future of education. The institute plans to use digital tools, online platforms, and modern infrastructure to improve the learning experience and offer remote learning options. With technology integrated into education, students can engage in practical and immersive learning through virtual labs and simulation-based training.

Building meaningful relationships is another crucial aspect highlighted

by Dr. Sohan. He emphasizes effective communication, active listening, and empathy in cultivating strong connections with colleagues, students, and stakeholders. By fostering open and collaborative relationships, leaders can create a positive, inclusive environment that encourages growth and success.

Integrity and ethical behavior are integral to Dr. Sohan’s leadership philosophy. He believes leaders should exemplify these qualities to inspire trust and create a culture of honesty and transparency within their institutions. Additionally, he encourages aspiring leaders to advocate for inclusivity and diversity, promoting equal opportunities for all individuals in the educational community.

Collaboration and partnerships will also be essential in the future of education. Dr. Sohan believes in strengthening ties with industry leaders, research institutions, and educational organizations across the APAC region. Such collaborations will foster innovation, enable the exchange of best practices, and provide students with diverse perspectives and opportunities.

Dr. Sohan also recognizes the importance of a multidisciplinary approach in preparing students for the future. The institute plans to expand its curriculum to include interdisciplinary courses, equipping students with a broader skill set and addressing the evolving demands of the pharmaceutical industry.

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Lakshmi Mittal’s

Net Worth Reach $15.5 Billion?

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akshmi Mittal, the steel tycoon who turned ArcelorMittal into the world’s largest steel producer, is not just a name but a legacy in the world of business. As one of the richest individuals in the world, Lakshmi Mittal’s net worth of $15.5 Billion is a story of ambition, strength, and strategic vision.

Known as the ‘King of Steel,’ Mittal’s wealth proves his incredible business sense and visionary leadership. So, are you curious to know how Lakshmi Mittal built his fortune?

Well, let’s know all the key milestones that made him a global billionaire.

Let’s know how Lakshmi Mittal’s net worth reached $15.5 billion Firstly, Let’s look at the founding of Mittal Steel Company In 1976, Lakshmi Mittal started his first steel factory in Indonesia when he was 26. This factory was called PT Ispat Indo. It was his first step into the steel business. Then he bought a steel plant in Trinidad and Tobago that was not making money in 1989. However, he worked hard and made it profitable within a year.

Additionally, talking about his growth and expansion in 1995, Mittal decided to focus on his own company, Ispat International, separate from his family’s business. Thus, Ispat International became a public company in 1997, meaning people could buy shares of it. Therefore, this helped the company get more money to grow counting to Lakshmi Mittal’s net worth.

However, by 2004, Mittal merged with another big steel company. This created Mittal Steel Company, which became the largest steelmaker in the world at that time.

Now, let’s look into the unique aspects of Mittal Steel Company! Mittal Steel grew by buying steel plants around the world that were not doing well. He improved these plants and made them profitable. Hence, this helped the company expand globally adding to Lakshmi Mittal’s net worth.

Lakshmi Mittal focused on making the steel plants work better. He used better management practices and modernized the facilities. This increased productivity and made the plants more profitable.

Well, in 2006, Mittal Steel merged with another big steel company called Arcelor. This new company, ArcelorMittal, became the largest steel producer in the world. This merger helped Mittal dominate the global steel market adding to Lakshmi Mittal’s net worth.

Next, let’s explore the aggressive acquisition strategy Firstly, Mittal has a keen eye for spotting undervalued or struggling steel companies. Moreover, he looks for businesses that are not performing well but have the potential to be profitable with the right management and investment.

In the 1990s, Mittal started buying distressed steel assets, especially in Eastern Europe. These were companies that were not doing well financially. And, by purchasing them at a lower price, he could invest in them and turn them around.

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Mittal’s strategy involved reducing the fragmented steel industry. By merging and acquiring multiple companies, he created a more efficient and larger organization. This helped in reducing costs and increasing production capacity. Therefore, all this added to Lakshmi Mittal’s net worth.

Now, let’s talk about some of his major acquisitions! ● International Steel Group (ISG) in the United States in 2004. ● Arcelor’, a Luxembourg-based steel company, in 2006. This merger created the world’s largest steel company at the time. ● Essar Steel’ in 2019, in partnership with Nippon Steel, for $5.9 billion.

Also, Let’s put some light on the unique aspects of Mittal’s strategy! Mittal’s acquisitions were not limited to one region. He expanded his business across continents, making his company a global leader in the steel industry.

We all know, Mittal has a talent for turning around struggling companies. Moreover, by improving management practices, investing in technology, and optimizing operations, he made these companies profitable.

Furthermore, Mittal focused on vertical integration by acquiring not only steel mills but also iron ore and coal mines. This ensured a steady and cost-effective supply of raw materials, reducing dependency on external suppliers and minimizing costs.

And, by recognizing the cyclical nature of the steel industry, Mittal diversified his business. Also, ArcelorMittal launched into the production of other metals like aluminum and copper and expanded into the mining sector. This differentiation helped stabilize the company’s revenue adding to Lakshmi Mittal's net worth.

However, operating in multiple countries with different regulations and business practices requires a deep understanding of local customs. Mittal’s ability to guide through these complexities has been very important to his success adding to Lakshmi Mittal’s net worth.

Looking at his global impression, Mittal’s company operates in over 60 countries, with steel plants in North and South America, Europe, Asia, and Africa. This international presence allows ArcelorMittal to tap into various markets and reduce risks associated with any region.

Here are the key aspects of Lakshmi Mittal’s global expansion

However, let’s understand Mitthal’s strong market recovery and the steel demand

As you know, Mittal’s first major acquisition outside India was the purchase of the International Steel Group (ISG) in the United States in 2004. This deal was a game-changer and put Mittal Steel on the global map.

As global economies recover from the impacts of the COVID-19 pandemic, the steel demand has increased.

This recovery is expected to continue into 2024, with steel demand outside China projected to grow by 3-4%.

However, in 2006, Mittal acquired Arcelor, a Luxembourg-based steel company, creating ArcelorMittal. This merger made ArcelorMittal the largest steel producer in the world counting to Lakshmi Mittal’s net worth.

Additionally, ArcelorMittal has made notable strategic investments to enhance its production capacity and efficiency. For example, the company acquired an 80% stake in a hot briquette iron (HBI) plant in the U.S. for $0.8 billion and a slab facility in Brazil for $2.2 billion.

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● Diversification: Spreading the risk Mittal has diversified his investments beyond steel.

ArcelorMittal also produces other metals like aluminum and copper. The company has ventured into the mining sector, which helps mitigate risks associated with fluctuations in steel prices. Also, this diversification ensures a more stable revenue stream for the company adding to Lakshmi Mittal’s net worth. ● Strategic partnerships and joint ventures

These investments are expected to add about $0.5 billion to the company’s annual earnings before interest, taxes, depreciation, and amortization (EBITDA).

Putting some light on the improved financial performance, in the first quarter of 2024, ArcelorMittal reported an operating income of $1.1 billion, reflecting higher steel shipments and increased steel prices. The company’s EBITDA for 2023-2024 is forecasted to be between $7.5 billion and $8.5 billion. Therefore, this directly or indirectly adds to Lakshmi Mittal’s net worth.

Here’s a look at his investments and how they contribute to his massive wealth ● ArcelorMittal: The core of his empire ArcelorMittal is the world’s largest steel producer, and Mittal owns about 38% of the company. The company operates in over 60 countries and employs more than 190,000 people. However, in 2022, ArcelorMittal reported sales of $63.3 billion. ● Vertical integration: Controlling the supply chain Vertical integration means owning different parts of the supply chain. Mittal’s strategy includes owning not just steel mills but also iron ore and coal mines.

This approach ensures a steady and cost-effective supply of raw materials, reducing dependency on external suppliers.

Furthermore, by controlling the entire value chain, Mittal can minimize costs and maximize efficiency.

ArcelorMittal Nippon Steel India Limited (AMNSI) is a joint venture between ArcelorMittal and Nippon Steel Corporation. In addition, AMNSI has an annual production capacity of around 8.5 million tons and reported a revenue of $4.6 billion for the fiscal year 2022-2023. Furthermore, these partnerships help ArcelorMittal leverage strengths and cater to growing market demands. Therefore this adds to the count of Lakshmi Mittal’s net worth. ● Commitment to innovation and sustainability Mittal invests in technology development to meet evolving industry demands. ArcelorMittal is dedicated to sustainability, which helps it maintain a strong position in the market. ● Looking at his other investments Mittal holds a 20% stake in Queens Park Rangers F.C. and a 41% stake in Aperam, a steelmaker. These investments further diversify his portfolio and contribute to Lakshmi Mittal’s net worth.

End Note As we conclude, we realize that Lakshmi Mittal’s net worth is more than just numbers! However, it’s a symbol of his determined dream of success in the competitive world of steel. His story continues to inspire future entrepreneurs and leaders.

From humble beginnings to the peak of success, Lakshmi Mittal’s net worth is a powerful example of what it means to be a global business titan. So, if you enjoyed exploring his financial journey, share this blog with all your friends who love understanding the fascinating stories of the world’s most influential billionaires!

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JASON RAMOS

Empowering Healthcare with Innovation and Integrity

J

ason Ramos, Co-Founder of CE Medical Resources, has spent over two decades shaping the healthcare industry with his forward-thinking vision and passion for making healthcare more accessible and effective. He focuses on making healthcare more accessible and effective. Ramos believes in empowering medical professionals with advanced tools and technology to improve patient care. From his early days as a biology major at the University of the Philippines to leading innovative healthcare companies, Ramos’s career highlights a commitment to excellence and a constant drive for improvement.

Jason’s academic background laid a solid foundation for his success. He earned a Bachelor of Science in Biology from the University of the Philippines, where he participated in societies like the UP Junior Marketing Association and UP Circle of Entrepreneurs. This mix of biology and entrepreneurship gave him a unique perspective in the healthcare industry. In 2017, he completed a diploma in Leadership and Management Development from the Ateneo Graduate School of Business, sharpening the skills that shaped his ventures.

In 2019, Ramos co-founded CE Medical Resources, a company focused on providing solutions like COVID-19 tests and lab equipment. His previous roles as a Regional Sales Manager at Omega Diagnostics Group and CEO of BirthRight Lying-In Clinics honed his ability to manage operations, expand markets, and improve healthcare delivery. His leadership is defined by a hands-on approach to problemsolving and a keen understanding of what it takes to build sustainable healthcare solutions.

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Before CE Medical Resources, Ramos was the Country Director at Global Medical Technologies Manila, Inc. There, he was pivotal in introducing functional medicine to the Philippines, promoting a holistic approach to addressing chronic diseases. His role involved educating medical practitioners, promoting consumer awareness, and developing global networks. In addition, Ramos also led significant projects like the Great Plains Laboratories Distribution Partnership and a collaboration with the US Department of Defense to reduce biological threats in the Philippines.

Ramos’s career reflects a consistent dedication to elevating healthcare standards in the Philippines and beyond. He combines strategic thinking, leadership, and compassion to make a lasting impact on both medical professionals and patients. His journey from a biology student to a healthcare industry leader is one of hard work, perseverance, and an unwavering commitment to creating positive change.

CE Medical Resources: Innovative Solutions for Today’s Healthcare Founded in 2019, CE Medical Resources was born out of the need to provide high-quality healthcare solutions in the wake of the COVID-19 pandemic. The company specializes in COVID-19 tests, air treatment systems, and modular laboratories. With a mission to help individuals and organizations navigate the “New Normal,” CE Medical Resources has become a trusted partner for medical professionals seeking reliable and scientifically validated products.

The company emphasizes integrity, honesty, and excellence.

Jason Ramos and his team bring the latest global best practices to the Philippines. They collaborate with partners in functional medicine, non-profit organizations, and international agencies to offer meaningful healthcare solutions. CE Medical Resources equips healthcare providers with technology and tools to improve patient care.

CE Medical Resources prides itself on its agility and adaptability, which are essential traits in the rapidly evolving healthcare landscape. The company has been able to respond quickly to the challenges posed by the pandemic by offering innovative solutions that meet the highest international standards. From COVID-19 testing to ensuring the safety of healthcare environments, the company has proven itself as a leader in the industry.

In just a few years, CE Medical Resources has established itself as a key player in the healthcare industry. With a strong focus on patient outcomes and a clear mission to bring innovative solutions to the forefront, the company continues to thrive under the leadership of Jason Ramos, helping to shape the future of healthcare in the Philippines and beyond.

Under Jason Ramos’s leadership, the company continues to expand its services and support medical professionals.

Through collaborations with healthcare leaders worldwide, it brings advanced medical solutions to the Philippines and beyond.

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How Did

TONY FERNANDES'S Net Worth Reach

$400 Million?

T ony Fernandes is not just an entrepreneur, he’s a visionary. Have you ever wondered how Tony Fernandes, the ambitious mind behind AirAsia, built his billion-dollar empire?

Well, in this blog you will learn about how this former Warner Music executive built his fortune.

Furthermore, you will also understand what Tony Fernandes’s net worth says about his extraordinary career. Excited? Let’s get started!

After graduating, Tony worked in the music industry from 1987 to 2001, including a senior role at Warner Music International. However, this experience gave him a valuable understanding of managing large organizations and dealing with creative industries.

The journey of Tony Fernandes’s net worth

In 2001, Tony bought AirAsia for just 1 Malaysian ringgit (about $0.25) mortgaging his home. At that time, the airline was heavily in debt. Nevertheless, his decision to take such a risk shows his confidence and vision. His willingness to take calculated risks has been a key factor in his success.

As of 2024, Tony Fernandes’s net worth is around $400 million. This wealth comes from his various business ventures, especially his success with AirAsia.

Within a year of taking over, Tony turned AirAsia profitable.

He cleared its debts and transformed it into a successful budget airline in 2002. This rapid turnaround is proof of his business sense. Therefore, this added to Tony Fernandes’s net worth.

But what is even more interesting than this amount is his journey. Tony Fernandes’s journey from a music industry executive to a successful entrepreneur in aviation and other sectors showcases his strategic thinking, risk-taking ability, and innovative leadership. His diverse interests and commitment to making a positive impact have made him a prominent figure in the business world. Interesting! Isn’t it? Let’s have a look!

Now let’s look at another milestone!

Tony Fernandes graduated from the London School of Economics in 1987 with a degree in accounting. This strong educational foundation provided him with the skills needed to manage and grow his businesses. This became the foundation of Tony Fernandes’s net worth.

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However, Tony founded the Tune Group in 2007, which includes businesses in various sectors like hotels (Tune Hotels), financial services (Tune Money), and telecommunications (Tune Talk). This diversification has helped Tony Fernandes’s net worth grow and build a strong business empire.

In 2004, AirAsia became a public-listed company, which increased its value and Tony’s wealth. Going public allowed AirAsia to raise capital and expand its operations.

Furthermore, Tony bought the English football club, Queens Park Rangers (QPR) in 2011. His involvement in sports shows his diverse interests and ability to manage different types of businesses.

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Tony even received the Commander of the Order of the British Empire (CBE) in 2011 for his services to the aviation industry. This prestigious award recognizes his contributions to making air travel more accessible.

Tony’s interest in motorsports led him to establish the Caterham F1 Formula One team in 2012. Although the team faced challenges, it showcased his passion for sports and willingness to explore new ventures adding value to Tony Fernandes's net worth.

And, in 2013, Tony was ranked 21st on Forbes magazine’s list of Malaysia’s richest men. This ranking reflects his noteworthy wealth and influence in Malaysia. Furthermore, in 2015, Time magazine named Tony one of the 100 most influential people in the world. This recognition highlights his impact on the global business geography.

Besides Tony Fernandes’s net worth, let’s talk about his generosity!

Indeed, Tony is involved in various charitable activities, including education and disaster relief. His charity work shows he cares about helping others.

Furthermore, Tony is active on social media, where he shares insights and updates about his ventures. And, this engagement helps him connect with a broader audience and maintain a positive public image.

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Tony even authored a biography titled “Flying High” in 2017, where he shares his journey and business insights. This book provides a detailed look at his life and the principles that guided his success. Born to a multicultural heritage, Tony embraces diversity in his personal and professional life. This background has influenced his inclusive approach to business.

Tony’s work has had a significant impact on the global aviation industry. By making air travel more affordable, he has changed the way people travel and connected communities worldwide. However, he is known for his leadership abilities. Tony’s leadership style is often described as innovative and peoplefocused. He also believes, giving his employees more power and creating a happy workplace has helped him succeed.

End Note As we conclude our journey through Tony Fernandes’s net worth, we realize that with the right mindset, anything is possible. However, his story proves that with vision and determination, success is within reach.

We all know, his extraordinary journey from music to aviation and beyond inspires many today. Well, if this blog fascinates you, share it with all your friends who love stories of financial success and entrepreneurship.

TEERAPONG

CHEEPCHOL

Driving IT Innovations in Pharma & Life Sciences

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eerapong Cheepchol, the Director of Factorytalk Co., Ltd., has made a name for himself in the world of IT solutions for the pharmaceutical and life-sciences industries. His journey started with a strong technical background, graduating with a degree in Electrical Engineering from Kasetsart University. During his university days, he chaired the Robot Club, which set the foundation for his interest in computer control and robotic systems.

To further enhance his skills, Teerapong pursued a master’s degree in Management Information Systems (MIS) from Chulalongkorn University. Here, he not only gained knowledge but also mentored students in the International BBA program, showcasing his passion for both learning and teaching.

Professionally, Teerapong has an impressive track record.

He has played critical roles in large IT projects across the globe, including working with companies like West Pharmaceutical Systems and Bayer. His expertise in Manufacturing Execution Systems (MES) and ERP interfacing helped these companies optimize their processes, improve efficiency, and stay compliant with industry regulations. These experiences shaped his ability to manage complex projects and lead teams effectively.

Today, as the President of Körber Pharma Software in Asia and Director at Factorytalk, Teerapong continues to drive innovation. His leadership style is rooted in a deep understanding of technology and a commitment to helping businesses in the pharmaceutical sector run smoother and smarter.

Factorytalk Co., Ltd. – Empowering Life-Sciences with IT Solutions Factorytalk Co., Ltd., based in Bangkok, Thailand, has been a trusted name in IT solutions and compliance consulting since 2004. The company provides services to

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the pharmaceutical, biotech, and life-sciences sectors, helping them maintain high-quality standards and comply with international regulations.

Factorytalk initially grew through a partnership with Werum, a leading German MES provider. This collaboration allowed Factorytalk to offer top-notch GMP compliance and computer validation services, helping pharmaceutical companies pass strict EU inspections. Over the years, the company has expanded its IT solutions, forming partnerships with global software providers like LORENZ and MasterControl, offering a full suite of services in Southeast Asia.

In 2016, Factorytalk sold its MES team to Werum, which led to the creation of Werum’s Asia Headquarters. Despite this significant change, Factorytalk stayed focused on its core areas of expertise: GMP compliance and IT solutions.

That same year, the company launched its sister company, BatchLine, developing its own electronic batch record (EBR) system, a solution designed to streamline and automate manufacturing processes.

In 2018, Factorytalk strengthened its offerings by partnering with Tulip, a platform that helps manufacturers improve productivity and efficiency. This collaboration further solidified Factorytalk’s position as a leader in IT solutions for the life-sciences industry.

Factorytalk’s mission is simple but impactful: to provide the highest quality products and technology at fair prices, while maintaining exceptional service standards. By reinvesting profits back into the company, Factorytalk continues to grow, constantly seeking new products and partnerships to better serve the life-sciences sector in Asia and beyond.

Under Teerapong’s leadership, Factorytalk remains committed to delivering solutions that help companies operate more efficiently and stay competitive in an everevolving industry.

Director

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The Essentials of

EMOTIONAL INTELLIGENCE IN LEADERSHIP

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What is Emotional Intelligence in Leadership?

Before trying to understand the topic, consider the five situations mentioned below. ● New Hire cries during Performance review ● Star Employee quits ● Diverse opinions of a team on project approach ● A client yells during a meeting All four situations require a leader’s attention. Not just attention, they require him/her to analyze the situation thoroughly and then react.

For instance - Take the case of a second situation where a star employee has quit.

Approach 1 Imagine your team leader blaming the employee and saying “Is this how you repay us after all that we did for you?”. How would you, as a third person, feel?

Approach 2 On the other hand, imagine your team leader trying to resonate with the situation and saying “I understand and accept your reasons. I wish you all the very best for your future”.

Reasoning As a reader, which approach appealed to you? And if it is number 2, then why? It is because, in the second approach, the leader was practically and emotionally considerate or intelligent. And such situations require not just practicality but a higher level of understanding and trust. All these emotions contribute to making a leader emotionally intelligent.

Furthermore, once a leader is emotionally intelligent, he/she automatically becomes likable to his/her colleagues, clients, etc.

This was only a brief of mixing emotional intelligence in leadership to give a better outcome. We aim to cover topics right from “What is emotional intelligence?” to “Can every leader be emotionally intelligent?”

What is Emotional intelligence: EQ over IQ? The ability to interpret, demonstrate, perceive, evaluate, control, and use emotions effectively and constructively to communicate with and relate to others is called “Emotional Intelligence”. (also termed as EI or Emotional Quotient EQ).

However, IQ, Cognitive Intelligence, or Intelligence Quotient is the measure of a human being’s reasoning ability. An IQ test determines how a person is most likely to answer certain questions or make decisions.

But, the question remains, should a leader be more emotionally intelligent or have a higher IQ level?

Imagine yourself as the CEO of a tech startup. You have the technical abilities and an outstanding vision to develop a product from scratch (your IQ). Yet, you struggle to understand your team’s anxieties when it comes to meeting project deadlines. You dismiss their creative ideas as “unrealistic”. Not only this but you also struggle to communicate with them effectively. This ultimately leads to a drop in morale, frustration, and in the end, failure.

Therefore, despite being equipped with a high level of IQ, you failed to succeed as a leader. This means that your ability to understand and manage your team’s emotions is the key to achieving success and unlocking their full potential.

Why is Emotional Intelligence in Leadership important?

We understood what is emotional intelligence with the help of real-life situations. But why is it so important? What is the role that it plays in the smooth functioning of an organization?

Emotional Intelligence in leadership helps in enhancing the following 1. Effective Communication: A leader must be able to communicate effectively with his/her team members. By doing this he/she can easily put across the project’s goal, vision, mission, and values. Moreover, it enables him/her to empathize and listen actively to peers. This will only be possible when he/she strives hard to become emotionally intelligent. For example Research conducted by a psychologist, Daniel Goleman backs this statement. According to this, leaders with higher EQ scores outperform those with lower EQ scores in various aspects. These aspects include decision-making, conflict resolution, and team performance.

2. Conflict Management: All of us can agree on the fact that conflicts are inevitable in any workplace.

May be over the slightest topic like coming late to the office or something work-related. But you can not avoid conflicts. However, as an effective and emotionally

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intelligent leader, you can manage these conflicts.

You must work towards achieving a “win-win” solution. For example - Consider there is a conflict between two team members A and B. An ideal thing to do as a leader is to try to understand both of their points. You can do this by saying “I can see that both of you are feeling overwhelmed and frustrated right now. Let us try to find out how we can move forward together.” By doing this, you will be able to Create a harmonious and peaceful workplace. Along with this, you’ll be able to diffuse the tension and promote understanding.

3. Building Strong Relationships: How to expect your team to work harmoniously if you have not built that rapport with them? As a leader, you must have high emotional intelligence to build trust, empathize with your team members’ emotions, and make them feel valued. This would eventually lead to increased motivation, job satisfaction, and engagement. These factors will eventually improve productivity and performance. For example - Research by Barbara Frederickson on the Broaden-and-Build Theory.

It says that emotions like respect, appreciation, and trust build our resources and broaden our thinking. Henceforth, leaders who maintain positive relationships with their peers create a creative and resilient environment. Leading to better performance.

4. Inspiring and Motivating Team Members: Leaders with high emotional intelligence can use their ability to communicate effectively to inspire and motivate their team members. If you are willing to create a supportive work environment at your workplace, emotional intelligence in leadership is your go-to move. This will enable your team members to go above and beyond their potential and deliver the best outcomes. For example - Let’s say that your graphic designing team is undergoing immense workload and stress to meet the deadlines. As an emotionally aware leader, you can say this to them. “I commend every one of you for your hard work. And I know and I acknowledge that this project has been difficult for all of you.” By practicing this, you will be able to see a sudden boost in productivity and ultimately successful completion of the project.

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5. Decision-Making: Leaders who have high emotional intelligence possess better abilities to recognize and organize their emotions to make informed and rational decisions. Not only this but their ability to empathize with their team members also comes into play. This way they can better understand their team members’ perspectives and needs. They are ultimately leading to better decisions that are aligned with the goals of the organization. For example - A study at the University of Michigan argues that there is a direct link between EQ, decision-making, and team performance. It found that teams with emotionally intelligent leaders solved problems more effectively. In addition to this, they make better decisions and achieve higher levels of performance.

5 Ways to Inculcate Emotional Intelligence in Leadership Now that we have explored and answered questions like What? And Why?, let us jump into the How? Emotional intelligence is very important in leadership but when it comes to implementing it, many people fail.

Therefore, we will guide you by listing down five ways to add emotional intelligence to leadership.

1. Better Self-Awareness: “When you value yourself, you’re more likely to value others, creating a positive work environment.” By becoming selfaware, you tune in to your emotions, recognize your strengths and weaknesses, and ultimately, value yourself. Therefore, before becoming a leader, become self-aware.

2. Increased Motivation: The first step towards encouraging self-motivation is becoming optimistic and resilient. You need to see obstacles as opportunities and not hindrances. This method leads to extra motivation within yourself. You can use this motivation to keep your team members inspired and become a better leader.

3. Better Self-Regulation: “A stressed-out leader equals a stressed-out workforce.” Self-regulated leaders are not supposed to make decisions based on their emotions. They think before they speak and are calm and measured. Additionally, they are experts at stress management. This is a highly essential quality for a workplace. To back this, we have a study by

the NeuroLeadership Institute. According to this, leaders with strong self-regulations create a more positive work environment.

4. Lead with Empathy: Another way to inculcate emotional intelligence in leadership is by leading with empathy. This analysis of 88 studies argues that job satisfaction and employee performance are highly impacted by leader empathy. Therefore, if you want to get the most out of your team as a leader, you need to understand their emotions and mental energy while having conversations with them.

5. Better Social Skills: We have three studies to prove that emotional intelligence in leadership is enhanced by having better social skills. ● A study by Zengar Folkman says that leaders with comparatively better social skills are rated as 33% more effective by their team members. It is because these skills allow leaders to build trust, motivate their teams, and communicate effectively. ● Another study found that employees who feel valued and respected by their leaders are 70% more likely to stay engaged at work. Emotional Intelligence in leadership helps leaders to connect with their employees on personal levels and foster a sense of loyalty. ● Harvard Business Review conducted research that states that leaders with strong social skills are better equipped to deal with conflicts. This is because they can actively listen to diverse perspectives and find common ground to work towards solutions that benefit everyone.

Can every leader become emotionally intelligent?

Your journey to emotional intelligence in leadership is a continuous process. You can cultivate this by actively practicing EQ skills and reflecting on your SWOT analysis. Always remember that small improvements in empathy, self-awareness, social skills, and selfregulation can have a profound impact on your leadership style.

We hope you are ready to start your journey of becoming emotionally intelligent as a leader and inspire others! Thanks for reading.

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Founder, CEO Director MASTER MASKER TECHNOLOGY

Tik Man Tyler Cheng SHAPING THE FUTURE OF BIOTECH WITH NANOTECHNOLOGY 46

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ik Man Tyler Cheng is a successful entrepreneur and innovator deeply committed to creating inspiring companies in biochemical medical and health products. With a strong passion for transforming industries, Tyler Cheng’s journey as the Founder, CEO, and Director of Master Masker Technology showcases his outstanding leadership and determination.

Tyler Cheng began his entrepreneurial journey in his early years, guided by a vision to make a meaningful impact. In 2018, he enrolled at the Hong Kong University of Science and Technology, laying the foundation for his entrepreneurial aspirations. There, he earned a Bachelor of Science in Chemistry (Environmental and Analytical Chemistry Option), with minors in Social Science and Biological Science. During his academic journey, Tyler founded Perbooking Biological Technology Company Limited, marking the start of his remarkable entrepreneurial career.

Throughout his career, Tyler Cheng has consistently demonstrated exceptional team management skills, leading global teams to achieve ambitious business goals. He is renowned for his rapid learning abilities, innovative mindset, and results-driven approach to business development.

Tyler’s entrepreneurial spirit shines as he boldly enters the competitive world of startups. Despite initial challenges and skepticism from his team, he pushed forward with the founding of Master Masker Technology, a company born from his unshakable belief in seizing opportunities while young. Tyler Cheng’s determination and courage have set him apart as a pioneering figure in the entrepreneurial landscape, making him the only bachelor's degree student to initiate a company on campus during his first year.

Tyler Cheng’s Key Roles and Responsibilities Tik Man Tyler Cheng has essential roles and responsibilities related to strategic planning and external partnerships. His primary role is to plan the company’s future, setting its overall goals and direction. This includes creating longterm objectives, like what the company should achieve in the next five to ten years. Tyler excels at strategic planning, ensuring the company has a clear and forward-thinking roadmap.

Furthermore, Tyler Cheng plays a vital role in establishing and maintaining relationships with external partners and companies. When collaboration and business opportunities

arise, he takes the lead in engaging with external entities.

This involves negotiating and forming partnerships to drive the company towards success. His ability to connect and collaborate with other organizations underscores his position as a strategic leader and an integral part of the company’s growth and development.

Master Masker Technology: Innovative Nanotechnology Solutions for a Better World Master Masker Technology Company Limited, founded in July 2021 and based at the Hong Kong University of Science and Technology (HKUST), is a pioneering startup with a vision to bring positive change to the world.

Committed to making valuable contributions to the community, Master Masker Technology focuses on innovation to provide advanced biochemical cleaning and protective solutions. The journey began in 2018 with Tyler’s research on campus, where he developed the technology with his professor. Tyler describes his company as a “Biochemical Technology Research and Consultation Center” (BTRCC).

The company’s goal is to offer state-of-the-art solutions to customers in various regions, including the United States, the Greater Bay Area in China, and the Hong Kong Special Administrative Region. While initially recognized for its Nano Coating applied to masks for protection, Master Masker Technology has expanded its horizons. They are currently in the research and development phase to introduce nano-coating for food packaging. This move aligns with their commitment to sustainability as they aim to replace traditional plastic packaging with biodegradable nanomaterials to reduce environmental harm.

Master Masker Technology is not limited to a single industry; it aims to use nanotechnology to address diverse challenges. Their innovative applications of nanotechnology go beyond masks and food packaging and extend to skincare products. Through collaboration with pharmaceutical companies in Hong Kong, they have successfully incorporated nanotechnology into skincare creams and sunscreens, ushering in a new era of skincare solutions.

The company’s dedication to innovation, sustainability, and diversification across industries positions Master Masker Technology as a forward-thinking and dynamic player in the field of advanced biochemical solutions. Their mission is to make the world a better place through cutting-edge technology.

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Maximizing Efficiency, Adapting Structure, and Embracing Technological Growth

roles to compensate for the lack of staff, making organizational structure a critical consideration.

As a leader in a startup company, Tyler Cheng faced significant challenges and developed strategies to overcome them. The main hurdles included limited resources, evolving organizational structure, and slower technological development.

Efficient resource management became crucial as Tyler and his team worked diligently to optimize their limited resources and streamline operations for maximum efficiency. They set clear priorities and remained focused on core tasks crucial to the company’s growth.

Adaptability and flexibility in a rapidly changing environment were key to addressing these challenges.

Resource limitations are common for startups. Tyler and his team had to make the most of limited finances and personnel. It involved adopting a resource-efficient approach, setting clear priorities, and focusing on essential tasks aligned with the company’s goals. In startups, individuals often take on multiple

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Startups typically encounter constraints in technological development due to limited access to research and technology resources, especially when compared to big corporations. This constraint can result in slower technological development,

potentially hindering the company’s ability to compete effectively in the market.

To overcome these challenges, Tyler Cheng and his team maintained a long-term vision for the company. They understood that the initial phases of a startup can be slow, but perseverance and commitment to ongoing technological development are essential. By keeping their sights on the future, Tyler and his team positioned their company to gradually overcome these challenges and ultimately achieve growth and success as the company matured and expanded.

Tyler Cheng’s Perspective on Work-Life Balance Tyler Cheng openly acknowledges that, especially in the early stages of his startup journey, he prioritized work over achieving a work-life balance, sometimes to the extent of having no balance. He points out that while work-life balance is essential for many people and an important lifestyle choice, becoming overly fixated on it can hinder a company’s effectiveness.

Tyler’s perspective underscores the idea that achieving a work-life balance, particularly in

the initial phases of a startup, can be challenging. He emphasizes the need to invest a significant amount of effort and time to build a successful business, even if it means temporarily compromising one’s personal life.

He believes that life and work often involve trade-offs. If someone chooses to focus on their personal life, it may come at the expense of potential financial gains, and vice versa. Tyler firmly maintains that the decision between focusing on life or money ultimately depends on an individual's priorities and what they value most.

Advice for Aspiring Biotechnology Leaders Tyler Cheng offers valuable advice for aspiring leaders in the biotechnology industry, emphasizing the need to become a true professional in the field. He acknowledges the rapid and everchanging nature of the biotech

industry, where trends and priorities can shift significantly in a short span.

His advice underscores the importance of foundational knowledge and continuous learning. Tyler suggests that individuals should take the time to acquire a solid understanding of the basics of biotechnology.

By building a strong foundation, they can adapt more effectively to the industry’s dynamic changes.

Furthermore, Tyler encourages aspiring leaders to identify specific areas of interest within biotechnology. It involves finding a niche or topic that resonates with them. Once they choose a precise sector, he recommends immersing themselves in research and development related to that domain. This focused approach allows individuals to gain expertise and make meaningful contributions to the field.

“

As an entrepreneur, it is one's duty to keep work balance as a priority to make business prosper.

”

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