Ms Zahabiya Khorakiwala serves as a Managing Director at Wockhardt Hospitals Ltd. The company has various pharmaceutical and biotechnology manufacturing plants in different countries. They also have a number of healthcare chains of Wockhardt Hospitals.
She is running a 211 billion (approx.) turnover company is not easy. There are many challenges and hurdles that Zahabiya has faced in so many years. It is her confidence and her father’s trust that helps her to keep going.
Zahabiya specializes in psychology from New York University. She also holds a Master’s Degree in Business Administration, Indian School of Business. Zahabiya is not only a highly educated girl and she is very passionate in her career too. We may have just heard how daughters make their parents feel proud of their achievements; Zahabiya is a live example whose father is truly proud of.
Irrespective of how much we do for our parents, we can never repay their parenthood and love showered upon us. Zahabiya knew this very well and till date, she struggles to help her father who strived from the worst challenges imposed at the company which has undergone bankruptcy. She makes her father feel proud of the fact that she has joined business wholeheartedly with him.
Even though her older brothers, Huzaifa and Murtuza, were already working with their father, for Zahabiya, who joined Wockhardt Hospitals as executive director in 2010 and was promoted to managing director later in the year, joining the family business was not a given. “Because there is no sense of entitlement. My family gave me the values needed to run the business, the ideals on which to build the business. But I learnt harder things for instance, the cost of angioplasty, recruiting doctors, legal clauses, salary structures—on the ground.
Vishal Bali, who had worked with Wockhardt for almost 19 years, till 2009, also talks about how Zahabiya learnt the ropes before deep-diving into the business. “She was associated with the group even before she became managing director. She learnt things over the years; it’s not that she became MD in one day. She did a lot of background work,” says Bali, who served as the CEO of Wockhardt Hospitals until ten of its hospital was acquired by Fortis in 2009.
As her confidence grew, Khorakiwala started bringing in several changes to the family business. Wockhardt, which is known as cardiac specialist, entered aesthetics for the first time in 2011, started the Wockhardt Institute of Aesthetics in Goa to cater to the growing demand for aesthetic and reconstructive procedures among both men and women.
Gen-Next entrepreneur Zahabiya, who manages the hospital business of Wockhardt, said she plans to add the tenth facility with 350 beds in South Mumbai. Though the company wants to spread out beyond Maharashtra and Gujarat, it does not want to list the hospital business. Currently, Wockhardt has hospitals in Goa, Nasik, Surat, Rajkot, Mumbai and Nagpur. Zahabiya says the group would like to dominate the western part of the country, both in metros and tier-2 cities.
Under her leadership, Wockhardt Hospitals launched its largest flagship hospital in south Mumbai and started the aesthetics wing in Goa. Khorakiwala is adding new medical interventions like paediatric cardiology, critical care, mother and baby care and will launch facilities to start even more sophisticated surgeries, including liver.
Zahabiya Khorakiwala, managing director, Wockhardt Hospitals Limited was felicitated by ‘WOW Young Business Woman Leader’ award for her concentrated efforts in her profession, making a distinctive mark of her in the society. The Women of Wonder (WOW) Awards were presented by Lions Club International at a grand felicitation ceremony celebrating Womanhood in Mumbai on International Women’s Day.
Facts about Zahabiya Khorakiwala:-
- She became managing director of Wockhardt hospitals in 2010.
- She was felicitated with “WOW Young Business Women Leader” and “The Women of Wonder Awards”.
- Under her leadership, Wockhardt Hospitals launched its largest flagship hospital in south Mumbai and started the aesthetics wing in Goa, Nasik, Surat, Rajkot, Mumbai and Nagpur.
- Wockhardt hospitals – has been honoured with the Golden Globe Tigers Award 2015.
- She also holds a Master’s Degree in Business Administration, Indian School of Business.
- She is a live example of woman achiever whose father is truly proud of.