Verified employee & interview reviews

MedPlus Reviews

Hyderabad, Telangana

—/ 5

0 reviews

MedPlus Health Services Limited, known widely as MedPlus, is a prominent player in India's retail pharmaceutical sector and stands as the country’s second-largest pharmacy retailer. Founded in 2006 by Dr. Gangadi Madhukar Reddy, an entrepreneur holding an MBBS degree and an MBA from The Wharton School, the company was established to address the widespread national challenge of counterfeit drugs. By creating an organized retail model that sources medications directly from manufacturers, MedPlus ensures the authenticity, quality, and optimal storage of its products, delivering better value to consumers by eliminating supply chain inefficiencies. Headquartered in Hyderabad, Telangana, MedPlus has grown exponentially from its initial cluster of 48 stores. Operating as a publicly traded entity listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker MEDPLUS, the company manages an extensive omnichannel network. As of 2026, MedPlus operates over 5,300 pharmacy stores across more than 600 cities in India. Its retail footprint is strategically concentrated across multiple states, including substantial store penetrations in Tamil Nadu, Karnataka, Telangana, West Bengal, Maharashtra, and Andhra Pradesh. The core business operations of MedPlus are structured around a comprehensive health and wellness ecosystem. Through its primary retail pharmacies and its robust e-commerce platform, MedPlusMart, the company distributes prescription medications, over-the-counter (OTC) drugs, fast-moving consumer goods (FMCG), vitamins, nutrition supplements, and optical products. To enhance customer convenience, MedPlus employs a hyperlocal delivery model, facilitating rapid home deliveries alongside a "Click and Pick" store service and ordering options via WhatsApp. Beyond product retail, MedPlus has diversified into adjacent healthcare verticals to offer integrated diagnostic and clinical services. Through its subsidiary, MedPlus Pathlabs (operating as MedPlus Lab), the company manages a network of modern diagnostic centers equipped with advanced laboratory infrastructure. These facilities offer a wide range of laboratory examinations, including blood, urine, and imaging tests, supported by qualified technicians, doctors, and convenient home sample collection services. Additionally, MedPlus offers physician consultation services in key urban hubs like Hyderabad, Vijayawada, and Bengaluru. Financially, MedPlus has demonstrated robust scaling, reporting trailing 12-month revenues of approximately $780 million (around ₹4,603 crore in recent fiscal cycles) and maintaining a market capitalization exceeding $1 billion. The company employs a large, data-driven workforce consisting of over 28,000 permanent, full-time professionals, including thousands of qualified pharmacists. Led by Dr. Madhukar Reddy alongside an experienced executive team, MedPlus continues to strengthen its market leadership by expanding its cluster-based store network into Tier-2 and Tier-3 cities, investing heavily in technology infrastructure, and driving operational efficiencies across India's pharmaceutical landscape.