Organised generic drugs chain Medkart Pharmacy plans national foray

Riding on its organised generic drug store business model, Ahmedabad-based Medkart Pharmacy is looking at a national foray in the near future. While the company says it has been impacted to some extent by online pharmacies (e-pharmacies) in case of branded drugs, its largely generic model has so far been insulated.

By adding over 250 stores in next three years, Medkart is looking to grow its turnover from Rs 20 crore currently to Rs 300 crore in the next three years.

"Trade generic has seen a double digit growth in the last 12 months. While it is only on branded drugs that