MedPlus

MedPlus, is an Indian pharmacy retailer headquartered in Hyderabad, India.[2][3]

MedPlus Health Services Pvt. Ltd.
Private
IndustryPharmacy Retail Stores
FoundedHyderabad, 2006
FounderDr. Madhukar Gangadi
Headquarters
Hyderabad
,
India
Number of locations
1500+
Area served
India
Number of employees
14000+[1]
SubsidiariesMedPlusMart.com
MedPlusLab.com
MedPlusLens.com
MedPlusIndia.com
Websitewww.medplusindia.com 

Overview

MedPlus is the second largest pharmacy chain in India. It operates 1555 stores out of which 1317 are company owned, 159 are franchisee owned and 43 are hospital-based pharmacies and optical stores are 29 and 3 are optical franchisee stores and 4 are webmart hubs are spread across 7 states and about 213 towns and cities in India.[1]

MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals.[4] It also offers clinical laboratory services and physician consultation services in Hyderabad, Vijayawada and Bengaluru, India. The company owns and runs ePharmacy[5] and an online clinical lab[6] service.[7] MedPlus employs more than 14,000 employees on its rolls.[1]

MedPlus Store

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 [8] 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.

Interiors of a MedPlus Store

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.[9]

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[10] storE[11]

It also offers home based clinical lab services through A portal and prescription and non prescription glasses and other optical products through its optical business subsidiary.

Criticisms

The AIOCD (All India organization of Chemists & Druggists) called for a nationwide strike on 14 October 2015 against online sale of drugs and criticized ePharmacies[12] like MedPlusMart.com as illegal and a threat to the interests of around 8.5 lakhs chemists [13] around India. MedPlus defended its online sales policy[14] as being in compliance with the current drug act and as a valuable service to its customers.

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See also

References
  1. "MedPlus to raise up to $70 mn, launches online lab services". Retrieved 3 February 2016.
  2. "Hyderabad's online pharma chains help take meds to the marooned". The Times of India. 4 December 2015. Retrieved 17 August 2018.
  3. Ltd, Researchmoz Global Pvt. "India Pharma Retail Market 2015 - Market is projected to exhibit a CAGR of over 14.22% globally during 2015–2020F: ResearchMoz". GlobeNewswire News Room. Retrieved 22 January 2016.
  4. ReportBuyer. "India Pharma Retail Market: Trends, Opportunities and Forecasts (2015-2020F) (By Segment - Standalone & Chained, By Region, Customer Survey, Market Entry Strategy, Value Chain, Private Label Brands, Margins and Revenue Contribution)". www.prnewswire.com. Retrieved 22 January 2016.
  5. "Soon you will be able to buy medicines online!". Business Insider. Retrieved 22 January 2016.
  6. "MedPlus launches online clinical lab service". The Hindu. 10 December 2015. ISSN 0971-751X. Retrieved 22 January 2016.
  7. "MedPluslab.com to make lab testing convenient and affordable". www.pharmabiz.com. Retrieved 22 January 2016.
  8. "MedPlus launches India's first pharmacy e-tailer service in Hyderabad". www.pharmabiz.com. Retrieved 22 January 2016.
  9. Sridhar, G Naga. "Pharmacies lure customers with discounts, freebies". The Hindu Business Line. Retrieved 22 January 2016.
  10. "MedPlus Launches 'Click, Pick and Save' Facility". The New Indian Express. Retrieved 22 January 2016.
  11. "A Taste of Their Own Medicine". The New Indian Express. Retrieved 22 January 2016.
  12. "End of e-pharmacy days? - Times of India". The Times of India. Retrieved 22 January 2016.
  13. "Online pharma portal runs into resistance from store chemists - Times of India". The Times of India. Retrieved 22 January 2016.
  14. "Some form of online pharma presence inevitable: MedPlus". Deccan Herald. Retrieved 22 January 2016.
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