Ajaykumar Bhatt

Chief Executive Officer | Healthcare, Diagnostics & Blood Transfusion Leader | Turnaround Specialist | P&L, Growth & Global Expansion | India & SAARC

Faridabad, Haryana, India

About

I am a senior healthcare and diagnostics executive with more than 35 years of leadership experience across pharmaceuticals, in-vitro diagnostics, and blood transfusion. My career has been defined by transformation, commercial discipline, and the ability to build sustainable businesses in complex and competitive environments. As Chief Executive Officer of Medsource Ozone Biomedicals, I led the turnaround of a struggling business into one of India’s top IVD manufacturers, achieving USD 25 million in revenue and 45% gross profit margin. My mandate has included full P&L responsibility, cash flow optimization, operational restructuring, team leadership, business expansion, and governance-driven execution. I have also secured a first-in-India technology transfer with a European partner, reflecting my focus on strategic growth and innovation. Earlier, I held leadership roles with Novartis Diagnostics, Lilac Medicare, and Bio-Rad Labs, where I built compliant business structures, expanded markets across India and SAARC, developed distributor networks, and strengthened relationships with KOLs, institutions, and industry bodies. Across these roles, I have consistently worked at the intersection of strategy, execution, and stakeholder trust. My leadership style is grounded in accountability, clarity, and long-term value creation. I bring deep experience in diagnostics, capital equipment, market development, change management, and team building, with a strong ability to align business performance with governance and organizational purpose. I am now focused on strategic leadership opportunities where I can contribute as a CEO, President, or board-level business leader driving growth, transformation, and governance across healthcare and diagnostics.

Experience

  • Medsource Ozone Biomedicals Pvt. Ltd. (16 yrs 7 mos)
    • President -Global Business
      Apr 2026 - Present · 4 mos

      • Spearheading the global expansion strategy for Medsource Ozone Biomedicals, enhancing visibility and reach in emerging markets. • Developing and implementing initiatives to strengthen the business base, aligning with the company's ambition for growth. • Collaborating with cross-functional teams to ensure cohesive execution of global outreach efforts.

    • Chief Executive Officer
      Jan 2010 - Present · 16 yrs 7 mos

       Laid system based operations. Corrected all processes. Cleared almost all bad debts and improved cash flow to source the momentum of growth of the organization (Avg. 25-30% growth consecutive in last 3 years)  Corrected the team structure, effectively keeping only result oriented employees and recruiting new and more effective talent to help execution of the organization  The sales of the organization improved with desired Gross Profit (Turnover of last year US $ 28M; GP@40%)  Standard Operating Procedures were established for all the processes of the organization improving overall efficiency  Organization has come out of complete debt, and has registered profit since last few years, which is as good as creating a “ Turn around “ Organization has a recognition of being the 5th largest indian manufacturer in the IVD segment, with a first series fund raise to its credit

  • Country Business Manager at Novartis Diagnostics
    Mar 2007 - Jan 2010 · 2 yrs 11 mos

     Involved in establishing a fully operational business unit in India and achieving financial plan for countries responsible.  Ensuring compliance to corporate and AP RA, QA systems and standards including compliance to the assigned contractual obligations.  Developing annual business plan; appointing & managing local distributors and developing & maintaining relationships with industry “thought leaders”, industry bodies and customers.

  • General Manager, Sales at Lilac Medicare Pvt. Ltd
    May 2005 - Feb 2007 · 1 yr 10 mos

     Steered activities of 2 divisions: Immunoassay Business Division (IBD), Led a team of 90 personnel; Avena Biologicals, Led a team of 8 personnel for selling the SERO & STRECK range of controls  Responsible for sales, target achievement, competency mapping and team development including balanced, product group wise achievement for both the divisions.  Financial planning, account receivable & distribution management, designed & implemented Sales Process Management and also established a standard evaluation system

  • National Sales Manager, CDG at Bio-Rad Laboratories
    Jan 2001 - May 2005 · 4 yrs 5 mos

     Successfully motivated and directed the team in achieving 98% budget in the very first year of leadership.  As leader of a constructed team, achieved 110% in the second year and was invited to the international Sales meet at Sydney, Australia.  Achieved 110% achievement in the 3rd year and received “Best country in the Asia Pacific” award in Annual International Sales meet at Phuket, Thailand (March, 2005).