Gangadi Madhukar Reddy launched the firm in 2006, and it is currently India’s second largest pharmacy retailer in terms of sales and number of outlets as of March 31, 2021. The company’s product line comprises pharmaceutical and wellness items such as pharmaceuticals, vitamins, medical equipment, and test kits, as well as (ii) fast-moving consumer goods such as toiletries, infant care products, soaps and detergents, and sanitizers.

As of March 31, 2021, the firm had a retail network of over 2,000 outlets spread over Tamil Nadu, West Bengal, Andhra Pradesh, Telangana, Karnataka, Odisha, and Maharashtra. In FY2021, its income from operations share of the organised pharmacy retail market in Chennai, Bangalore, Hyderabad, and Kolkata was around 30 percent, 29 percent, 30 percent, and 22 percent, respectively.

In FY2021, its annual income per shop was around INR15.9 million, compared to the domestic pharmacy retail company’s average revenue per store of approximately INR2.3 million.

As of September 30, 2021, its mature shops had a median payback duration of less than three years and a compounded average same-store sales increase of 8.3 percent on MRP from fiscal years 2019 to 2021. For the fiscal year 2021 and the six months ended 30 September 2021, its Store Level Operating EBITDA Margin for Mature Stores was 11.0 percent and 11.58 percent, respectively, while its Store Level Operating ROCE for Mature Stores was more than 60 percent.