Bhagath Reddy: Combining Modern Distilling Methods with Traditional Perfuming Extraction Techniques
Beyond's Top 10 Most Inspiring CEOs to Watch Out in 2021
Today’s, organizations are being pushed to
be more inventive as they align their leadership teams to create value,
galvanize their workforce, and set action plans for the future. There is no
doubt that good leadership is an important part of an organization’s success
but organizations need to embrace the notions of innovative leadership so that
they can build on ideas, generate value, and help improve themselves, teams,
and the business as a whole. In innovative leadership, leaders are accountable
for encouraging innovation in their teams to make a big difference. They regard
innovation as one of the major growth drivers, to manage it formally as part of
the leadership team or through an innovation council, and to learn from their
mistakes to achieve it.
Meet Bhagath Reddy, who
sees innovation as the key for organizational success, and believes by altering
old methods with new innovation there is no goal that is
unachievable.
He is the Founder & CEO of Comte
De Grasse, a company that is renowned for creating sustainable luxury
spirits by redefining the technology used to make them. “Comte de
Grasse is intentionally a melting pot of vision, extreme passion, and a
hard-headed insistence on fully sustainable processes,” says Mr. Reddy.
The Idea behind Starting Comte De Grasse
The idea to start Comte De
Grasse began with Mr. Reddy’s wish to make whisky for
his father. He says, “I knew I wanted to do spirits differently, my
research and self-education process le d me
to the perfume industry and city of Grasse. I found that many synergies existed
between perfumes and spirits.” This curiosity led Mr.
Reddy to the discovery of the cutting-edge science that goes into the
making of fragrances today and provided the team with the building blocks to
establish Comte de Grasse.
Before Comte de Grasse, Mr.
Reddy had a fast paced job heading merchandising and brand
management for a luxury retailer based in South-East Asia operating over 200
exclusive stores in 9 countries across 20 fashion and luxury jewelry brands.
Pioneer in Modern Ways to Distil Spirits
Comte De Grasse is a luxury spirits
distillery changing the way spirits are made with innovative distilling and
extracting methods. The goal is to disrupt the traditional way of manufacturing
spirits with the use of science and expertise from the fragrance industry. The
science over traditional approach is not just to try and create spirits that
are qualitative but also to try and find a more sustainable and efficient way
to produce spirits.
Mr. Reddy states, “By challenging
the way spirits are made. We are pioneering new technology to distil spirits.
This gives us a head start over other traditional players and we hope to
utilize this to our advantage by launching 8 spirit brands across multiple
categories by 2028.”
Learning while Facing Challenges
According to Mr. Reddy, like all
start-ups, Comte De Grasse has also had its fair share of setbacks. One of the
most important learnings of the journey has been that as an industrial
start-up, one’s capital expenditure can be very high so it is to phase initial
plans. He says, “Going too heavy on capital expenditure from the word
go can inhibit your ability to invest into marketing and create awareness about
your products among consumers.”
He further adds that the most expensive
mistakes, however, have been while choosing external agency partners. “It
is more important to find partners that share your vision irrespective of the
size of the agency and not get attracted by just big names,” says Mr.
Reddy.
Work and Life as a CEO
In today’s fast pacing world, it is quite
challenging to maintain balance while working for a fast-paced
start-up. Mr. Reddy finds that taking mini-breaks helps a lot
switching off for a day or 2 helps in maintaining a balance while also ensuring
that things don’t get piled up. He states, “I am lucky that I have a
very understanding wife and the fact that we are based in one of the most
beautiful parts of the world makes things a lot easier, our next holiday
is only a 2-hour drive away.”
Mr. Reddy states that at the company,
he works with a small team and due to it is a highly flat organization, all
work closely with all departments. He says, “My team is the one that
constantly inspires and motivates me and not the other way round. Each team
member genuinely believes in what we’re attempting to accomplish, and that ties
us together and motivates us.”
He further adds that the greatest
achievement so far has been the fantastic team of individuals who have come
together to form the core team at Comte de Grasse. He sees that every
single one of them truly believes in the values of the company, and his
proudest moments are when the team comes together
and enjoys a cool 44°N and tonic.
Eyes on to Become Global Leader in
luxury Drinks and Innovation
As per Mr. Reddy, Comte De Grasse’s
vision for 2030 is to be the global leader in luxury drinks and innovation. The
company hopes the modern and sustainable production technology that it is
developing will be more widely adopted, and some traditional non-sustainable
practices are made redundant.
The management is leading with a set of
very ambitious goals that include launching 4 luxury spirit brands by 2025 and
securing distribution in 30 key markets globally. Currently, the company has
distribution partners in 10 countries and is about to launch its second brand
“06 Vodka” in August 2021.
Success that Comes by Understanding
Failures
In the words of Winston Churchill, “Success
is the ability to go from failure to failure without loss of enthusiasm.” This
has been Mr. Reddy’s success mantra and has defined his approach to having a
start-up.