Vaibhav Joshi, CFO, Nephrocare Health Services, Making Healthcare Accessible
Vaibhav Joshi’s foresight has guided NephroPlus’ trajectory, resulting in remarkable growth and the company becoming Asia’s largest dialysis outfit
Through Joshi’s focus on operational efficiency, the company has achieved significant margin improvement over the years. Prudent capital allocation and M&A activities drive the company’s expansion and growth strategies, ensuring a healthy return on capital employed (ROCE).
As a professional in healthcare finance, Joshi has contributed valuable insights and strategies to the industry, positioning NephroPlus as a leader in the field.
Amidst a significant increase in the price of plastic, a crucial component of dialysis consumables, at NephroPlus, Joshi addressed this challenge head-on. Leading an ESG initiative, the company strategically shortened blood tubing while upholding quality standards.
As a result, there was an impressive annual cost savings and a noteworthy reduction of plastic waste yearly. This initiative underscored NephroPlus’ strong environmental commitment and innovative solutions in the face of industry challenges.
Through Joshi’s efforts, NephroPlus secured significant growth funding through equity and debt, which led to an impressive expansion. Joshi’s expertise in mergers and acquisitions has provided a deeper understanding of the business, facilitating a consistent 30 per cent CAGR over the past decade. As a result, the company has transformed the business into a profitable and sustainable venture.
