Type Private Area served India Founder Dr. Madhukar Gangadi | Industry Pharmacy Retail Stores Number of locations 1311 Number of employees 10,000 Founded 2006 | |
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CEO Madhukar Gangadi (Feb 2006–) | ||
Medplus health services pvt ltd on news
MedPlus (MedPlus Health Services Private Limited) is an Indian pharmacy retailer headquartered in Hyderabad, India.
Contents
- Medplus health services pvt ltd on news
- Overview
- History
- Operating Structure and Subsidiaries
- Criticisms
- References
Medplus health services pvt ltd on news
Overview
MedPlus is the second largest pharmacy chain in India. It operates 1311 stores out of which 1225 are company owned, 29 are franchisee owned and 57 are hospital based pharmacies spread across 12 states and about 150 towns and cities in India.
MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals. It also offers clinical laboratory services and physician consultation services in Hyderabad, Vijayawada and Bengaluru, India. The company owns and runs ePharmacy - MedPlusMart.com and an online clinical lab service - MedPlusLab.com. MedPlus employs more than 10,000 employees on its rolls.
History
MedPlus was founded in 2006 by Dr. Madhukar Gangadi, a Wharton and Kurnool Medical College alumnus and the company's first store was launched at Tilak Nagar, Hyderabad in February 2006. Initially operating under the Aushadhi brand name, it was rebranded as MedPlus after the opening of the first 48 stores.
The company opened pharmacies in the western states of Gujarat and Rajasthan in 2007, but had to shut down and exit operations due to recurring losses. It relaunched stores in Ahmedabad, Gujarat in 2014.
MedPlus started selling private label products in 2010 under brand names EatRite for Food products, and Avelia and Urbania for personal care products. It also introduced a loyalty programme to provide additional value for customers which goes by the name FlexiRewards.
Operating Structure and Subsidiaries
The Company provides Omni-channel access to its customers for its services via online, mobile, voice and physical retail fronts through a combination of its stores and the ePharmacy store MedPlusMart.com
It also offers home based clinical lab services through the portal MedPlusLab.com and prescription and non prescription glasses and other optical products through its optical business subsidiary by MedPlusLens.com.
Criticisms
The AIOCD (All India organization of Chemists & Druggists) called for a nationwide strike on October 14, 2015 against online sale of drugs and criticized ePharmacies like MedPlusMart.com as illegal and a threat to the interests of around 8.5 lakhs chemists around India. MedPlus defended its online sales policy as being in compliance with the current drug act and as a valuable service to its customers.