Megha Vaid, the Director of Corporate Affairs at Concord Biotech Limited, plays a pivotal role in integrating social and environmental responsibility into the company’s business strategies. She is committed to fostering positive change both within the organization and in the communities it serves. Her efforts are instrumental in embedding Corporate Social Responsibility (CSR) principles into the company’s business practices while engaging stakeholders in its sustainability initiatives. Founded in 2000 by Sudhir Vaid, an accomplished biotechnologist, Concord Biotech Limited has grown into a leading, vertically integrated, and R&D-driven biotechnological powerhouse. The company specializes in manufacturing Active Pharmaceutical Ingredients (APIs) through fermentation and semi-synthetic processes, alongside finished formulations. Under Sudhir Vaid’s leadership, Concord Biotech has experienced significant growth, evolving from a single-product entity into a comprehensive solution provider, offering a broad range of products across multiple therapeutic segments. Ankur Vaid, the current CEO, has been instrumental in taking the business to global markets, focusing on sustainable growth while staying aligned with the company’s core values. Concord Biotech has made a name for itself internationally, with a presence in over 70 countries. The company boasts a well-established distribution network in key markets, including the USA, Europe, Japan, Latin America, Africa, Asia, and a significant footprint within the Indian market. Despite its global success, the company remains firmly committed to sustainability and social responsibility, believing that economic performance alone is not enough for holistic business growth. Concord understands that communities—from the villages surrounding its manufacturing facilities to those employed by its contractors—are crucial stakeholders, and it ensures that they benefit from the company’s presence in their neighborhoods. Healthcare, education, and environmental sustainability are the primary focus areas for Concord Biotech’s CSR efforts. The company’s education initiatives, in particular, have made a lasting impact, demonstrating a commitment to fostering long-term change. One of the flagship projects in this area is its Holistic Development Project for Primary Schools, which aims to enhance the quality of education and improve learning outcomes for children in the surrounding regions. The project, which began in 2017, has grown significantly over the years. Initially implemented in a few primary schools in the Dholka Taluka of Ahmedabad District, the project reached 425 students with the involvement of 20 headmasters and teachers. By 2019, the initiative expanded to include schools in the Matar Taluka of Kheda District, benefiting over 700 students and nearly 600 parents. The program’s success is evident in its continued growth and its ability to reach increasingly larger groups of beneficiaries. By the 2023-24 academic year, the Holistic Development Project had expanded to 19 primary schools in the Dholka and Limbasi Talukas of Ahmedabad and Kheda Districts, benefiting over 1,800 students and 2,800 parents. The initiative also extended to a single school in Dholka Taluka, where it served 90 students and 57 parents. This comprehensive approach highlights Concord Biotech’s commitment to improving education in the communities where it operates, ensuring that the project reaches those who need it the most. The success of the Holistic Development Project is not just measured by the number of schools or beneficiaries but by the tangible improvements in the educational experience for both students and teachers. The program provides resources and training for educators, enhancing their capacity to deliver quality education. It also involves parents in the learning process, ensuring a collaborative approach to student development. Megha Vaid’s leadership in corporate affairs has been essential in advancing these CSR initiatives. Her dedication to driving sustainable change and social impact has helped Concord Biotech become a model for companies seeking to balance business success with responsibility to society and the environment. Under her guidance, the company continues to demonstrate that true success lies in creating value for both the business and the communities it serves.
Megha Vaid: Driving Sustainable Growth and Social Impact at Concord Biotech
