5 minutes with Nikhil Daftary

1. What did you study at RMIT and what attracted you to that program? 

I studied a Masters in Finance, to compliment my Bachelors Degree in Commerce (triple major in Accounting, Finance and Commercial law) and CPA.

2. What is your business all about? 

Healthcare (medical consumables to hospitals and ultrasound companies) and Sexual health & wellness (condoms, pleasure toys and lubricants) supplying to Coles supermarket.

3. Where do you see your business in 10 years’ time?

Australia’s largest healthcare company and number one condom company in Australia.

4. How has studying at RMIT prepared you to run your business? 

As I was featured in the CFO magazine, Safety in Numbers – From Finance to Condom creator – accounting and finance has always been close to me. For a successful business, one has to be on top of the numbers and my studies has really helped me do that.

5. What advice would you have offered yourself when you first started your business? 

Always do your research and plan well ahead. It’s not like a T20 cricket match, it's more like a long test match where patience, strategy and winning in small sessions works. My number one piece of advice is not to ever have a Plan B. Instead, keep working on Plan A because failure is never an option for me. You also need to have a strong business plan that you follow closely.

6. Where do you find inspiration for your designs? 

Most of my accounting and finance career experience was in healthcare and that’s the industry I knew very well. Over the years I gained huge support from top executives in large healthcare organisation and learned quite a bit. Not to sound too cliché, but I wanted to make a difference in people’s health and wellbeing.