What we do MedPlus Health Services Limited operates as a leading retail pharmacy and diagnostics provider, offering pharmaceuticals, diagnostics, and healthcare management services across India. |
Founded in 2,006 |
Market share 2nd largest pharma retailer in India with over 5,100 stores across 13 states and 1 union territory. |
Problem solved Provides accessible, affordable pharmaceutical and diagnostic services via an extensive omni-channel retail network to diverse urban and semi-urban customers. |
Top clients or who we serve Serves retail customers through B2C channels in ~800 cities, including pharmacies, diagnostic centers, and healthcare product consumers. |
Key management Gangadi Madhukar Reddy (MD & CEO), Dr. Cherukupalli Bhaskar Reddy (Whole Time Director) |
Our journey and innovations Founded in 2006, listed in 2021, expanded rapidly via cluster store strategy; launched diagnostics and private label pharma products; pioneered omni-channel pharmacy retail. |
Where we operate Operates across India in 13 states and 1 union territory, covering metro to tier-three cities. |
Top products or what we offer Pharmaceutical retail, diagnostic testing services, private label pharma and FMCG brands, omni-channel pharmacy solutions. |
Top brands MedPlus private label portfolio of 1500+ SKUs spanning pharma and non-pharma segments; flagship retail pharmacy stores with omni-channel presence. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring through retail pharmacy sales; diagnostics and services contribute complementary revenues. |
Our industry position Among top pharmacy retailers in India, market leader in omni-channel pharmacy services with strong private label penetration. |
Financial highlights Stand-alone revenue Rs.7,131 Cr and profit Rs.403 Cr (2024-25); consolidated revenue Rs.61,361 Cr and profit Rs.1,502 Cr; 9-53% growth across metrics. |
Geographical revenue split - |
Order book - |
Whats driving growth Store network expansion, omni-channel delivery, private label growth, deeper market penetration in existing and new clusters. |
Our future plans Adding stores aggressively; expanding diagnostics and insurance brokering subsidiaries; increasing private label offerings and enhancing technology platform. |
Our green promise - |
Our people and values Employee base >28,000; focused on diversity, safety, and inclusive workplace culture with ESOP schemes for talent retention. |
Key challenges ahead Managing rapid expansion, competition from online players, operational efficiencies, and regulatory compliance in healthcare sector. |
Interesting facts 70%+ ROCE at store level; 2-hour delivery across network; cluster strategy enables high growth and profitability. |
Risks and strategy Risks from competitive market and regulatory changes mitigated by strong governance, diversified service portfolio, and technology adoption. |
