Wednesday, August 31, 2011: 11:08:42 PM

Retail Company Review

Pharma retail revolutionised by Deepak Medical Stores

Commitment to customers and quality key factors behind medicine retailer and exporter rise to domination

With 27 years of experience in the field of pharma retailing, Deepak Medical Stores has carved its own niche in the market. Considered as one of the leading retailers, wholesalers and exporters of medicines in the country, Deepak Medical Stores has grown from strength to strength over the years. One of the key factors behind the success of the company has been its sound vendor base. Deepak Medical Stores procures medicines from some of the best producers of medicines in the world and also boasts of an equally prestigious clientele.

 
The major markets of Deepak Medical Stores include Australia and New Zealand, the Indian Subcontinent, East Europe, Central America, North Europe, South America, South/West Europe and North America.
 
Being an established wholesaler as well as retailer, Deepak Medical Stores enjoys tremendous market presence in India as well as abroad. The company also boasts of a sprawling and state-of-the-art packaging and warehousing facility. Due to its strong commitment to quality, the company enjoys the trust of several medicine retailers, hospitals and clinics.
 
Line of Business
 
  • Supplier
  • Exporter
  • Retailer
  • Trader
 
Location
 
Deepak Medical Store is located in Mumbai. Located at the heart of a commercial space, the company’s growth in the retailing and exporting industry over two decades has been phenomenal to say the least.
 
Product Portfolio
 
The wide range of products sold by Deepak Medical Stores includes:
 
  • Pharmaceutical Medicines
  • Anti Allergic Drug
  • Gastrointestinal Drugs
  • Cardiovascular Drug
  • Respiratory Drugs
  • Sex Enhancement Drugs
  • Anti fungal
 
Quality Assurance
 
Considering that the company deals with highly advanced medicines, Deepak Medical Stores ensures that the procured products are quality approved and authentic. The team of procurement agents, scientists and quality controllers search for the most authentic and high quality sources. It also has in-house quality control and testing facilities and equipment that make sure that the products sold are of the highest quality and have not expired. The packaging unit of the company also makes sure that the medicines are hygienically packaged and an in-house team checks for side effects as well.
 
Strengths
 
Deepak Medical Stores stands out from the rest of the competition not only because of its vast experience in the market but also for its sheer commitment towards the satisfaction of its customers. To make sure that business is streamlined and customer friendly, the company has adopted various policies.
 
The major reasons behind the success of Deepak Medical Stores are its:
 
  • Ethical business practices
  • Hassle free transactions
  • Easy payment terms
  • Wide distribution channel
  • Client oriented business policies
 
Team
 
Deepak Medical Stores boasts of a strong team of experts led by the dynamic and highly experienced Pravin Nandu. The various teams include:
 
  • Procuring agents
  • Quality controllers
  • Pharmaceutic experts
  • Sales and Marketing personnel
  • Warehousing and Storekeepers
 
Shareholding pattern
 
Deepak Medical Stores is a sole proprietorship firm.
 
Management
 
Pravin Nandu is the promoter of the company.
 
Turnover
 
The average annual turnover of the company is about Rs 1-4 crore.
 
Profitability
 
Undisclosed.
 

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