Arjun Deshpande two years back, when he was 16, came up with this idea of aggregating pharmacies to source generic drugs directly from WHO GMP approved manufacturing facilities. This would eliminate the wholesaler’s margin plus offer the economies of generic pricing. He started with bootstrapping and today Ratan Tata has personally invested 50% stake in his venture named ‘Generic Aadhaar’.
Currently, he has 30 retailers and has plans to roll out 1000 pharmacies all across India. Ratan Tata is so impressed with Arjun’s entrepreneurial skills that he not only wants to partner him but also be his mentor.
Pharmacies who were in trouble due to competition from biggies as well as online channels are now with Generic Aadhaar on profit sharing model. He gives these pharmacies a face-lift under his banner and supplies generic medicines for chronic diseases like diabetes and hypertension. Quality medicine at much more affordable price. Arjun’s start-up is poised to scale up with a purpose.