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Ratan Tata invested money in the business of this 18-year-old, knows what the company does

New Delhi. Industrialist Ratan Tata has invested in a pharmaceutical startup, Generic Aadhaar. The founder and CEO of Generic Aadhaar is Arjun Deshpande and he is only 18 years old. He started this company only two years ago. The generic drug retail business Aadhar. She purchases drugs from manufacturers and sells them to retailers. At the moment it has not been revealed how much Ratan Tata invested in this startup.

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The company is engaged in the retail trade of medicines. It purchases drugs from manufacturers and sells them to pharmaceutical retailers. This eliminates the wholesale margin of 16-20%. Generic Aadhaar has partnered with 30 pharmaceutical companies from Mumbai, Pune, Bangalore and Odisha. At present, the annual revenue of this company is 6 million rupees and the goal is to reach 150-200 million rupees in the next three years.

Also Read: This Business Is A Success Even In Shutdown, Government Gives Rs 2.5 Lakh For This

The company says that in the coming days it will partner with 1,000 pharmacies in states including Gujarat, Tamil Nadu, Andhra Pradesh, New Delhi, Goa and Rajasthan to sell affordable drugs. Generic Aadhaar will help the unorganized sector through technology. The company has 55 employees, including pharmacists, computer engineers, and marketing professionals.

Arjun Deshpande says that their unique business model will be beneficial to all companies in the market and our goal is to bring affordable health care to millions of families. Our mission is to provide essential medicines to the elderly and pensioners at the lowest cost.undefined

Tags: business news in hindi, Investment statement, daddy rattan

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