, Founder &
CEO, Karmic Life Sciences, Mumbai
Nidhi Saxena has been involved in
pre-clinical/clinical strategy development and execution of over 50
global and local trials across multiple therapeutic areas.On the
clinical data management side, Nidhi initiated and developed KarmaData
2.0, a Karmic proprietary CDM software, used for several large phase IV
Q What are the hurdles you have faced as
a woman entrepreneur?
The fact that I am not a doctor was
a bigger hurdle than being a woman entrepreneur. People would not take
me seriously because I was not a doctor. The second challenge was
getting the know-how of the industry, and identifying the needs of
customers. It took me around two-to-three years to understand the
dynamics of the industry. Self-learning and networking with many
doctors helped me get a grip of the industry. Now my technical
knowledge is strong.
I am motivated by working in this
industry. I employ people and create a platform to train and help them
grow as entrepreneurs; this motivates me.
Q Looking back, what do you think has
been your formula for success?
Besides hard work, one should have
an urge to learn and excel in their chosen career path. All successful
women in any sector exude the same qualities — they are
hardworking, well disciplined and organized; they are
well-informed not just about their industry, but about other related
aspects as well. Time management is very important. Being an entrepreneur demands a lot of
planning and I plan much ahead of time.
Having a mentor is also important
because he makes you see the bigger picture. Today, I would like to
mentor many youngsters in the organization. Also, I pursue my hobbies.
I unwind by dedicating some time to other interests like art and
literature, music and adventure sports. Else, your thinking gets
Q In the coming years, to what extent
will women contribute to the life sciences industry?
Women will contribute a great deal
to the life sciences industry in the coming years. About 50 to 60
percent of the work force will be women. In the life sciences sector,
women are far more disciplined, focused and stable. In my organization,
I find that women employees strictly adhere to office timings, and the
amount of work they put in, is tremendous. We are very clear that
within the organization, we will encourage women.
There is no gender bias as such. At
the senior level, what matters is the track record and commitment of
the employee to the organization. I am an entrepreneur first, and a
woman later; and I evaluate everything on a business basis. We will see
many women enter the industry, but the challenge will be pulling women
in, from small towns. For women to reach senior level management, the
right amount of training and business exposure should be given, because
after a certain level, she is not just a scientist but also a manager.
That is where mentoring plays a huge role.