Support and Resistance Levels
Past performance
About Medplus Health Services Ltd MedPlus Health Services Limited, established in 2006 and headquartered in Hyderabad, is a leading pharmacy retailer in India, second in terms of revenue and store count as of March 2021. The company provides a diverse range of products and services, including pharmaceutical and wellness products, FMCG goods, and pathological laboratory testing. MedPlus has expanded significantly, growing from 48 stores at inception to 3,822 stores across several Indian states by March 2023. The company operates through six direct subsidiaries and five step-down subsidiaries, recently launching MedPlus Insurance Brokers Private Limited.
In 2021, MedPlus transitioned from a private to a public company, raising Rs 1,398.30 crore through an IPO, with shares listed on BSE and NSE. The IPO proceeds supported working capital and corporate purposes. The company continues to expand its retail and diagnostic services, having opened its first Diagnostic Centre in Hyderabad in 2022. MedPlus's strategic growth and diversification have consolidated its position as a prominent player in the Indian pharmacy retail sector.