42. Letter Proposing a Joint Venture

Avinash Reddy
CEO, Reddy Technologies Pvt. Ltd.
Plot No. 88, Hi-Tech City
Hyderabad, Telangana 500081
Email: avinash@reddytech.co.in
Phone: +91 40 6678 9900

May 3, 2024

Ms. Priya Narang
CEO, Narang Biotech Solutions Pvt. Ltd.
Sector 62, Noida, Uttar Pradesh 201309

Dear Ms. Narang,
I hope this letter finds you in the best of health and high spirits. I am writing to you today to propose an exciting opportunity for collaboration between Reddy Technologies Pvt. Ltd. and Narang Biotech Solutions Pvt. Ltd. that I believe has the potential to revolutionize the biotechnology and healthcare sectors.
Over the past few years, Reddy Technologies has made significant strides in the development of advanced AI algorithms that have wide-ranging applications in data analysis, predictive modeling, and process optimization. Given Narang Biotech Solutions’ leading position in biotechnological research and development, particularly in the healthcare domain, I see a tremendous opportunity for synergy between our two companies.
I propose the formation of a joint venture that combines Reddy Technologies’ expertise in artificial intelligence with Narang Biotech Solutions’ domain knowledge and facilities for the purpose of developing innovative healthcare solutions. The focus of this joint venture could be on creating AI-driven diagnostic tools, personalized medicine applications, or enhancing drug discovery processes, areas in which I believe we can make a significant impact together.
This collaboration could leverage the strengths of both our companies, pooling resources, knowledge, and networks to achieve outcomes that neither could accomplish independently. I envision a partnership where shared risks are matched by shared rewards, with a clear structure for governance, investment, and profit-sharing that aligns with the goals and contributions of both parties.
I am confident that by joining forces, we can not only drive forward the boundaries of what’s possible in healthcare technology but also create substantial value for our companies and stakeholders. Moreover, this joint venture would position us as pioneers in the integration of AI in biotech, opening up new markets and opportunities for growth.
I would be delighted to discuss this proposal with you in more detail and explore how we might structure such a partnership. If you are open to this idea, I suggest we arrange a meeting at your earliest convenience to discuss the potential scope, objectives, and next steps for this exciting venture.
Thank you for considering this proposal. I am looking forward to the possibility of working together to create something truly groundbreaking in the intersection of our fields.
Warm regards,

Avinash Reddy
CEO
Reddy Technologies Pvt. Ltd.