 "The company already enjoys a 67-68 per cent share of the respiratory drugs market in India and has potential for a 14-15 per cent growth")
Pharmacy chain MedPlus, which recently raised Rs 200 crore from Wipro Chairman Azim Premji's family office, Premji Invest, will enter the Mumbai market within the next three months.
Founded by doctor-turned-entrepreneur Madhukar Gangadi, MedPlus is the country's second largest pharmacy chain with around 1,700 stores. It has its largest presence in South India and is now expanding into the western region with stores in Pune and Nagpur.
"Each year we open around 100-150 stores. We plan to launch in Mumbai within the next three months as part of the expansion," Gangadi said. He added that the company aims to have
