|₹1146.95 / ₹995.1|
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The company was incorporated as MedPlus Health Services Private Limited at Hyderabad on 30 November 2006. The company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by the Shareholders at the extraordinary general meeting held on 01 June 2021 and the name of the company was changed to MedPlus Health Services Limited on 28 June 2021. The company is engaged in providing pathological laboratory testing and manufacturing,trading and contract manufacturing of pharma,FMCG and beauty products and rendering of management services to group companies and holds investments in subsidiary companies. The company has six direct subsidiaries and five step-down subsidiaries. MedPlus is the second largest pharmacy retailer in India in terms of revenue and number of stores as of 31 March 2021. The company offer a wide range of products, including (i) pharmaceutical and wellness products, including medicines, vitamins, medical devices and test kits, and (ii) fast-moving consumer goods, such as home and personal care products, including toiletries, baby care products, soaps and detergents, and sanitizers. The company grown from operating initial 48 stores in Hyderabad at the conception of the business to operating India's second largest pharmacy retail network of over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra, as of 31 March 2021. The number of stores has grown since the conception of the business and, as of 30 June 2021, MedPlus operated 520 stores in Karnataka, 458 stores in Tamil Nadu, 443 stores in Telangana, 274 stores in Andhra Pradesh, 201 stores in West Bengal, 186 stores in Maharashtra and 83 stores in Odisha.