Thursday, July 11, 2019

Generico launches 36th outlet in Mumbai, crosses 3,00,000 customer milestone

Mumbai-based Generico is among the fastest growing chain of generic pharmacy.
It provides high quality and affordable generic medicines
Founded in 2017, the company has gained over 3 Lakh customers till date

Mumbai, July 10, 2019: Mumbai-based retail pharmacy chain Generico has launched its 36th outlet today. Inaugurated by the hands of Shree Prabhakar Shinde Corporator ward no 107 Mulund East  & President of S&T Ward Prabhag Samiti, Smt. Malti Ramakant Patil Corporator Ward no 20 A Thane, Shree Ramakant Patil and The Senior Photojournalist Shree Nitin L Maniar of (PNRNEWS) & (MLive.News).

In India, where healthcare and medication expenditure by people often causes a large dent in hard earned savings, Generico is a social initiative which aims to create maximum benefit for patients and the general public by providing quality and affordable medication to them. Research by the Public Health Foundation of India indicates that, in a year alone, 55 million Indians bore the brunt of poverty, having funded their own healthcare.

Founded in 2017 by IIT Bombay alumni, Girish Agarwal and Siddharth Gadia, Generico specializes in the sale of generic medicines sourced directly from WHO/GMP certified manufacturing facilities. Today, there are approximately 70% generic equivalents available in the market which Generico plans to increase to over 90% whilst ensuring high quality and affordability. In-depth training to nearly300 employees enables them to provide in-store counselling to customers to address any concerns regarding generic generics. Additionally, local self-help groups, NGOs, doctors, housing colonies, etc.are also involved in creating awareness about generic drugs.

Till date, Generico has garnered over 3,00,000 customers across Mumbai, Navi Mumbai and Thane. Saved approximate money of people 20cr. with plans to grow to 100 outlets by end of 2019.
Photos by Salim Shaikh

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