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Medplus Health Services Ltd. operates India's second largest pharmacy retail network of 2,326 stores distributed across Tamil Nadu (475), Andhra Pradesh (297), Telangana (474), Karnataka (546), Odisha (89), West Bengal (224) and Maharashtra (221).
The company strengthens its market position by increasing store penetration in existing clusters and developing new clusters. Further develop the omni-channel platform with a hyperlocal delivery model with the aim to increase online sales revenue contribution and at the same time optimise profit margins.
Medplus derive higher gross margins by increasing the share of private labels. It enhances revenue and increase customer wallet share through continued investment in technology infrastructure and expansion into adjacent healthcare vertical.
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