Khalek Rahaman at 10:49, 28 April 2026

2026-04-28T10:49:48Z

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{{Short description|Indian pharmaceutical retailer}}
{{Multiple issues|
{{Undisclosed paid|date=February 2021}}
{{more citations|date=February 2023}}
}}
{{Use dmy dates|date=August 2018}}
{{Use Indian English|date=August 2018}}
{{Infobox company
| name = MedPlus Health Services Ltd.
| type = [[Public company|Public]]
| traded_as = {{NSE|MEDPLUS}} {{BSE|543427}}
| logo = Medplus logo.jpg
| founded = 2006
| founder = Madhukar Gangadi
| area_served = India
| industry = Pharmacy retail
| num_employees = 10,000+<ref name="businessstandard">{{Cite news|title = MedPlus to raise up to $70 mn, launches online lab services| newspaper=Business Standard India | date=10 December 2015 |url = http://www.business-standard.com/article/companies/medplus-to-raise-up-to-70-mn-launches-online-lab-services-115121000719_1.html|access-date = 2016-02-03| last1=Reddy | first1=B. Dasarath }}</ref> (2015)
| subsid = MedPlusMart.com MedPlusLab.com MedPlusLens.com MedPlusIndia.com
| location_city = [[Hyderabad]], [[Telangana]]
| location_country = India
| locations = 4,230+ stores (2024)
| revenue = {{up}} {{INRconvert|4603|c}} (FY23)<ref name="fy23"/>
| profit = {{down}} {{INRconvert|49|c}} (FY23)<ref name="fy23">{{cite news |title=MedPlus Health Services Ltd consolidated Q4FY23 profit climbs to Rs. 26.58 crores |url=https://www.equitybulls.com/category.php?id=333026 |access-date=31 August 2023 |work=EquityBulls |date=25 May 2023}}</ref>
| website = {{URL|https://www.medplusindia.com}}
}}

'''MedPlus Health Services''' is an Indian pharmacy retail chain, headquartered in [[Hyderabad]].<ref>{{Cite news|title = Hyderabad's online pharma chains help take meds to the marooned |url = https://timesofindia.indiatimes.com/city/hyderabad/Hyderabad-s-online-pharma-chains-help-take-meds-to-the-marooned/articleshow/50035836.cms|date=4 December 2015|newspaper=The Times of India|accessdate=17 August 2018}}</ref> MedPlus is the second largest pharmacy chain in India, operating over 5,300+ pharmacy stores across 600 cities, as of 2026.<ref>{{cite news |title=Medplus sees short-term threat from e-pharmacies; to continue adding stores |url=https://www.cnbctv18.com/business/companies/medplus-nomura-sees-25-percent-upside-14702921.htm |access-date=7 February 2023 |work=CNBC TV18 |date=12 September 2022 |language=en}}</ref>

MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals.{{cn|date=February 2023}} It also offers clinical laboratory services and physician consultation services in [[Hyderabad]], [[Vijayawada]] and [[Bangalore]]. The company owns and runs ePharmacy<ref>{{Cite web|title = Soon you will be able to buy medicines online!|url = http://www.businessinsider.in/Soon-you-will-be-able-to-buy-medicines-online/articleshow/48539458.cms|website = Business Insider|access-date = 2016-01-22}}</ref> and an online clinical lab service.<ref>{{Cite news|title = MedPlus launches online clinical lab service|url = http://www.thehindu.com/news/cities/Hyderabad/medplus-launches-online-clinical-lab-service/article7971360.ece|newspaper = The Hindu|date = 2015-12-10|access-date = 2016-01-22|issn = 0971-751X|language = en-IN}}</ref><ref>{{Cite web|title = MedPluslab.com to make lab testing convenient and affordable|url = http://www.pharmabiz.com/NewsDetails.aspx?aid=92198&sid=2|website = www.pharmabiz.com|access-date = 2016-01-22}}</ref>

==History==
[[File:Medplus pharmacy.jpg|thumb|A MedPlus outlet in Hyderabad.]]
MedPlus was founded in 2006 by Madhukar Gangadi. The company's first store was launched in [[Hyderabad]].<ref>{{cite web |last1=Phadnis |first1=Aneesh |title=Pharmacy retail chain MedPlus plans entry into Mumbai in next 3 months |url=https://www.business-standard.com/article/companies/pharmacy-retail-chain-medplus-eyes-foray-into-mumbai-market-in-next-3-mnths-119091801210_1.html |website=Business Standard |access-date=February 26, 2020 |archive-url=https://web.archive.org/web/20190930190105/https://www.business-standard.com/article/companies/pharmacy-retail-chain-medplus-eyes-foray-into-mumbai-market-in-next-3-mnths-119091801210_1.html |archive-date=30 September 2019 |date=September 18, 2019 |url-status=live}}</ref> Initially operating under the Aushadhi brand name, it was rebranded as MedPlus after the opening of the first 48 stores.{{citation needed|date=February 2021}}

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.<ref>{{cite news |last1=Dave |first1=Parag |title=New-age pharma stores face slowdown heat |url=https://economictimes.indiatimes.com/industry/services/retail/new-age-pharma-stores-face-slowdown-heat/articleshow/4364195.cms |access-date=31 August 2023 |work=The Economic Times |date=6 April 2009}}</ref> It relaunched stores in Ahmedabad, Gujarat in 2014.{{citation needed|date=February 2021}}

In 2008, it opened diagnostics centers in five cities under its subsidiary MedPlus Pathlabs.<ref>{{cite news |title=MedPlus unveils diagnostics plans |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/medplus-unveils-diagnostics-plans/articleshow/3081602.cms |access-date=31 August 2023 |work=The Economic Times |date=29 May 2008}}</ref> In 2015, it started its [[Online pharmacy|e-pharmacy]] division.<ref>{{cite news |title=MedPlus to raise $75 m in six months |url=https://www.thehindubusinessline.com/companies/medplus-to-raise-75-m-in-six-months/article7040650.ece |access-date=31 August 2023 |work=BusinessLine |date=27 March 2015 |language=en}}</ref>

In December 2021, MedPlus Health Services launched its [[initial public offering]] (IPO) and got listed on the Indian stock exchanges.<ref>{{cite news |title=MedPlus Health Services lists at Rs 1,040, a 30% premium over issue price |url=https://www.moneycontrol.com/news/business/ipo/medplus-health-services-lists-at-rs-1040-a-30-premium-over-issue-price-7856271.html |access-date=7 February 2023 |work=Moneycontrol |language=en}}</ref>

==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<ref>{{Cite news|title = End of e-pharmacy days? - Times of India|url = http://timesofindia.indiatimes.com/tech/tech-news/End-of-e-pharmacy-days/articleshow/50420054.cms|website = The Times of India| date=2 January 2016 |access-date = 2016-01-22}}</ref> like MedPlusMart.com as illegal and a threat to the interests of around 8.5 [[lakhs]] chemists <ref>{{Cite news|title = Online pharma portal runs into resistance from store chemists - Times of India|url = http://timesofindia.indiatimes.com/city/bengaluru/Online-pharma-portal-runs-into-resistance-from-store-chemists/articleshow/47273452.cms|website = The Times of India| date=14 May 2015 |access-date = 2016-01-22}}</ref> around India. MedPlus defended its online sales policy<ref>{{Cite web|title = Some form of online pharma presence inevitable: MedPlus|url = http://www.deccanherald.com/content/505678/some-form-online-pharma-presence.html|website = Deccan Herald| date=10 October 2015 |access-date = 2016-01-22}}</ref> as being in compliance with the current drug act and as a valuable service to its customers.

==See also==
* [[PharmEasy]]
* [[Tata 1mg]]

==References==
{{reflist}}

==External links==
*{{Official website|https://www.medplusindia.com}}
{{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}}

[[Category:Retail companies established in 2006]]
[[Category:Pharmaceutical companies of India]]
[[Category:Companies based in Hyderabad, India]]
[[Category:2006 establishments in Andhra Pradesh]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

MedPlus - Revision history

Khalek Rahaman at 10:49, 28 April 2026