MedPlus, one of the leading pharmacy retail chains of the country is looking forward to foray in Gujarat.
MedPlus, one of the leading pharmacy retail chains of the country is looking forward to foray in Gujarat. Putting this business idea into action, the brand has launched its branded retail stores in Ahmedabad. It has plans to open 500 outlets across the state in the next two years. The stores shall be a mix of company owned and franchisee-run. Currently the brand has more than 1,230 outlets spread across 12 states in India.MedPlus launched its first store in 2006. Talking about the future business plan of the brand in Gujarat, Dr. Madhukar Gangadi, Founder and Chief Executive Officer, MedPlus Group says, “We are keen to tap into the legendary entrepreneurial spirit of the people of Gujarat and invite them to partner with us as franchisees to expand our brand across the state. Gujarat is the global pharmaceutical hub, contributing around 40 per cent of India's total pharmaceutical production. It is a vibrant consumer market for healthcare services.”
MedPlus is known as a reliable source for genuine medicines and healthcare services. It is headquartered at Hyderabad. It serves more than two lakh customers daily. Growing with a CAGR of 100 per cent, it presently has a strong team of 8,000+ members across the country. The company also owns MedPlus Pathlabs, which is a chain of quality diagnostic centres; RiteCure, which is a distributor of medical and surgical supplies and medplusmart.com, which is an online medical store.