Medicircle Rendezvous: with Ramesh Kannan, Partner Somerset Indus Healthcare Fund

▴ Ramesh Kannan, Partner, Somerset Indus Healthcare Fund
“Lead by example & protect your staff and work,” says Mr. Ramesh on how the startups can manage their blood & sweat put into their companies during this pandemic situation worldwide & reach the other side of the tunnel.

As the world fights together during these unpleasant times because of the COVID-19, We as a News portal are trying to keep the spirits high by presenting how certain individuals work tirelessly to ensure the best for their business. We believe that our course of action will encourage business visionaries and small and medium-sized enterprises, who are trying to overcome the pandemic.

In this attempt, we discover top budget experts and business visionaries of India on how they are managing their resources to stay above the water. So read on to grasp the slip-ups, perceive the odds, and correct your course so the business heads the right way.

Ramesh Kannan, Partner at Somerset Indus Healthcare Fund has over 25 years of experience in Management, Business, Finance, and Strategy of which more than 10 years in Healthcare consulting. He is a Healthcare Strategist, Business Strategy and Catalyst, Innovation, and Transformation Specialist. 

Managing resources

Since Ramesh has worked with various Healthcare delivery groups in South India to raise funds, he has a few pointers for the portfolio companies to better manage resources:

  • Review, resize and reset costs of all kinds
  • Redistribute responsibility of people
  • Look for newer opportunities
  • Sacrifice to sustain until they have better control
  • Digitize operations because it is the new future
  • Be Indigenous wherever possible
  • Make new workflows to meet expectations
  • Manage economic slowdown

Ramesh also has few points to put forth to help the startups to cope with an economic slowdown due to lockdown:

  • Hasten revenue realization
  • Move to newer models like opex etc
  • Collaborate with the customer
  • Conserve cash
  • Keep the investors informed and seek help
  • Switch to local stuff to cut costs and dependence

Ways to control the roller coaster situation

Ramesh suggests how the life of an entrepreneur is a roller coaster ride and hence at such scenario, they should follow few steps to hold their ground, they are:

  • Lead by example
  • Protect your staff and work to an acceptable formula
  • Raise capital from existing investors and protect their downside
  • Rework arrangements with your partners
  • Be fair and strive to a winning formula
  • Smoothen out the inadequacies
  • Never give up

Ramesh explains how things are for him during the pandemic. “Luckily all are safe and imprisoned at home,” he says. He has been using his time very effectively since it has been quite a long time since he has got time to spend with his family. He believes that the new normal of working is through phones and video calls, which has made the work more productive, efficient, and effective. “The plus side is home-cooked food and that too on time. Also, more time to catch up with people and build new contacts,” he says.

Ramesh finds the Action COVID-19 Team (ACT) the first-of-its-kind initiative taken by top VCs and entrepreneurs with an INR 100 CR grant, which was launched to provide resources and guidance to startup founders and employees, to be good for the manufacturing companies. “I think the problem in India is access, hence, even distribution should be supported,” he says.

Investors are always opportunistic

Ramesh is of the opinion that the investors are always opportunistic and they work to their best advantage. “They review the situation, make small changes to suit the situation, and close the deals. Largely, investors look at investments as long term and are not swayed by short term disruptions. A promoter who gives and then takes is much appreciated. It is important to work with a reciprocal model,” he says.

 (Edited By Rabia Mistry)

Tags : #MedicircleRendezvous #rameshkannan #covid19 #economicrecession #rendezvous

About the Author

Smita Kumar

I believe that Everyone has a dream, some live with it, some live for it.
Let’s give voices to our dreams.
Share your dream, the journey, and your achievements and failures with me.
Reach me at [email protected]

Related Stories

Loading Please wait...

Trending Now

PM addresses the Nation today, announces free vaccinesJune 07, 2021
Why inhalers are best for treating asthma, well illustrated by Dr. Anil SingalMay 12, 2021
Dr. Rohan Palshetkar shares his invaluable insights about the Maternal Mortality Rate causes and improvements in India April 29, 2021
It is important to adopt a non-judgmental attitude towards any teenage girl seeking contraceptive advise suggests Dr. Teena Trivedi, Obstetrician and GynecologistApril 16, 2021
80% of the diseases are psychosomatic which means they have roots in the mind and this is where homeopathy steps in - It resolves physical ailments by finding the cause in the mind – Dr. Sanket Dhuri, Consultant Homeopath April 14, 2021
A futuristic Vision of a Healthcare Entrepreneur: Shyatto Raha, CEO, and Founder of MyHealthcareApril 12, 2021
Saher Mehdi, Founder and Chief Scientist at wellOwise talks about aspects making healthcare more equitable and reachableApril 10, 2021
Wide variety of therapies to address autism in children explained by Dr. Shilpa Jasubhai, Clinical PsychologistApril 09, 2021
Allopathic and Homeopathic medicines should not be taken together says Dr. Sunil Mehra, Homeopath ConsultantApril 08, 2021
The charm of homeopathic medicine is that it can be taken with conventional medicines – Dr. Shruthi Shridhar, Consulting Homeopath April 08, 2021
Dissociative Identity Disorder and associated concepts explained by Dr. Vinod Kumar, Psychiatrist and Head of Mpower - The Centre (Bangalore) April 07, 2021
Dissociative Identity Disorder explained by Dr. Shilpa Jasubhai, Clinical PsychologistApril 05, 2021
Sehat Ki Baat, Karishma Ke Saath- Episode 6 Healthy Diet For Boosting Metabolism Which Can Help Thyroid Patients April 03, 2021
Significant Pointers on Kidney Health by Dr. Santosh Waigankar, Consultant Urooncologist and Robotic Surgeon at Kokilaben Dhirubhai Ambani HospitalApril 01, 2021
Dr. Vaishal Kenia, Ophthalmologist Talks About the Different Possibilities Available for the Treatment of Glaucoma Depending Upon Their Type and SeverityMarch 30, 2021
No Definitive Role of Diet in Treatment of Lymphedema but Intake of Calories, Salt and Long Chain Fatty Acids should be controlled says Dr. Ramani CVMarch 30, 2021
Dr. Kiran Chandra Patro, Senior Nephrologist Talks About Dialysis as the Temporary Process and Not a Permanent Cure for the Patients of Renal DysfunctionMarch 30, 2021
Two out of three new chronic kidney disease patients are found to have diabetes or hypertension informs Dr. Sreeharsha HarinathaMarch 30, 2021
Glaucoma Treatment: Medications or Surgery? A valuable piece of advice from Dr. Pranay Kapdia, Chairman and Medical Director of Kapadia Eye CareMarch 25, 2021
Dr. Shraddha Satav, Consultant Ophthalmologist Recommends that Everybody After 40, Should Go for the Complete Eye Checkup at Regular IntervalMarch 25, 2021