MedPlus Health Services is an Indian pharmacy retail chain, headquartered in

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

. MedPlus is the second largest pharmacy chain in India, operating over 3,000 pharmacy stores across 374 cities, as of 2022. 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

Vijayawada Vijayawada, formerly known as Bezawada, is the second largest city in the Indian state of Andhra Pradesh and is a part of the state's Capital Region. It is the administrative headquarters of the NTR district. Its metropolitan region comprises NT ...

and

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

. The company owns and runs ePharmacy and an online clinical lab service.

History

MedPlus was founded in 2006 by Madhukar Gangadi. The company's first store was launched in

. 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. In December 2021, MedPlus Health Services launched its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO) and got listed on the Indian stock exchanges.

Criticism

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 like MedPlusMart.com as illegal and a threat to the interests of around 8.5

lakhs A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For ex ...

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.

References

External links

* {{Sister project links, wikt=no, commonscat=yes, v=no, s=no, voy=no, m=no, mw=no, species=no, d=Q25344640, n=no, b=no, q=no Retail companies established in 2006 Pharmaceutical companies of India Companies based in Hyderabad, India 2006 establishments in Andhra Pradesh Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange

History

Criticism

See also

References

External links