Medplus – Everything You Need To Know

“I believe that the greatest gift that you can give your family and the world is a healthy you”

Medplus is India’s first Omni channel retail pharmacy eCommerce company that is also available in outlets. It was founded in 2006 by Madhukar Gangadi in Hydrabad and now it is across 254 cities with more than 3225 + store availabilities and the team has 20000 plus employees.

Initially, it has only 48 stores in Hyderabad but now with the expansion of about 2100 stores across India and listed as the top 2nd in retailing with the vision of a growth mindset and mission of delivering good quality products. Inspire by its in-store availability, it also offers its services online. There are both online availability like web applications and mobile applications and many portals namely  ‘MedPlus Mart’, ‘MedPlus Lens’, and ‘MedPlus Labs’, 

Board of directors:

1. Mr. Gangadi Madhukar Reddy (Director and CEO)
2. Cherukupalli Bhaskar Reddy (chief operating officer – of outlet operations)
3. Surendranath Mantena (chief operating officer – MedPlus Mart)
4. Mr. Atul Gupta(Non-Executive Nominee Director)
5. Mr. Anish Kumar Saraf(Non-Executive Nominee Director)
6. Mr. Murali Sivaraman(Non-Executive Independent Director)
7. Mr. Madhavan Ganesan(Non-Executive Independent Director)
8. Ms. Hiroo Mirchandani(Non-Executive Independent Director)

Website link:- https://www.medplusmart.com/

Mobile application link:- https://play.google.com/store/apps/details?id=com.medplus.mobile.android&hl=en_IN&gl=US&pli=1

What MedPlus is offering?

In MedPlus, it gives delivery services to prescription medicines and OTC medicines, FMCG products, multivitamins and other supplements, and opticals. It also gives the services like laboratory and physician consultation services in Hyderabad, Vijayawada, and Bengaluru, India. It also manages to give the ePharmacy and online clinical lab services also.

Vision and Mission of MedPlus:

1. Customer-centric
2. Building trust with the customers
3. Teamwork building in Franchise
4. Quality maintenance.

MedPlus pharmacy

It is an in-store pharmacy facility that is available with a valid trust for around 15 and more years in India. 

MedPlusMart

You can also visit the store to purchase the product or you can prefer the application that is available across the places to choose and buy the required products. There is also an order placing option through a phone call or through the portal also you can place the order with the home delivery options. After ordering the products that are needed, it is recommended that the products will be delivered within 2 hours of ordering in the cities select cities of Hyderabad, Bangalore, Kolkata, Pune and Nagpur.

Business plan of Medplus

The services are guided by three values and morals, 

Quality, Convenience, and Value – “Our Competitive Strengths”.

1. Pricing:-  The value of pricing will be the major value that adds to the brand name, It gives about 10 – 20% incredibly higher with respect to the retail price. It also focuses on super-fast deliveries for emergency seekers.

2. Customer Fulfilment:- There is availability in both their store and the online products availability. Ir helps in matching the customer needs through the order process online or over the phone call with their professional experiences, by managing the customers, collecting the reports and analyzing them.

3. Immediate delivery with customer engagement:- In the selected cities, like Hyderabad, Bangalore, Kolkata, Pune, and Nagpur there is an option that is available for customers who are in emergency need of the products. That is it gives the last-mile delivery with the least 2 hours of delivery from the time of order.

MedPlus Strategies:

1. Uses the hyperlocal delivery Model.
2. Increase in the cluster wallet share and revenue generation.
3. To generate profit, supply management is enhanced.
4. Updating the marketing strategies will enhance business growth.

MedPlus Wallet:

You can save up to 20-60 % on the medicines that are officially prescribed. You can also avail of up to 50% discounts on general home goods and necessities. In the Flexi catalog, you can have the access to get huge discounts. now let us have a look into it.

1. Go to the MedPlus outlet
2. Go for the MedPlus wallet registration.
3. Load it with the amount, and the minimum amount loading is 3000 for the first time.
4. Using the Flexicash and the Flexi catalog for availing huge discounts.
5. Shop using safe payment options.

Medplus- FlexiRewards

FlexiRewards are coupon options that can either be used as a discount percentage or free products. The products that are available are the household things that match the discount percentages. And one great idea for choosing between the discount and free products is choosing the free products. Which is more beneficial comparing the availability of discounts.

You can also redeem the points as cash but only up to 15% can be converted as cash discounts. It is better to avail the free products in the home appliances with the 2 years of time availability. For example, if you purchase for about 2000 rs you can avail of the 200 rs cash back and 300rs in the online purchase. You can redeem the points from your MedPlus account in the application. 

Store locations:

As It is the 2nd largest retail pharmacy, It has around 3225+ shop availability and even the various online portal for availing the medicines and the day-to-day availabilities.to know more about the exact locations visit the official website of MedPlus. 

How to start a MedPlus Franchise?

It takes almost 17.50 lakhs to ₹ 20 lakhs to start a Franchise with all the facilities that match the MedPlus criteria.

It should be legally signed with the privacy policy statements. For certain years, the franchise owner has to sign a legal agreement.

Agreements from MedPlus for the MedPlus Franchise:

• Training and development: This helps in the practice of becoming the franchise owner with the Medplus protocols
• Avail credit balance: From the reputed bank, and get support for the funds for the development.
• supply chain management: This is the must-go procedure to reach the targeted audiences.
• Support: Customer support is the most option when it comes to healthy business growth. Customer satisfaction 24/7 will build brand trust.
• Infrastructure setup: The ambiance speaks a lot, making it simple and classy will bring more customers.
• Right location: Choosing the right place to sell the products is half the percentage of the business growth. For example, if you decide to open your medical shop next to the textile shop is of no use in the stagnant growth. Next to the hospital will bring you massive growth.
• Branding material: Marketing is the key to having growth and the one simple yet useful way to reach your target audiences. Choose what defines you and try the strategies to grow your business.

Last portion of Drug:

MedPlus is one Indian pharmacy brand that helps in serving people with all the medical needs that are needed to be satisfied in the emergency period also. Basic needs and emergency products have to be in handy when it is needed. and in that case, MedPlus is serving the people who are in need of medicines.

There are also a few other pharmacy companies that you may need to know, check our site to know more.

Happy reading.

Frequently Asked Questions (FAQ)