Bangalore's own Retail Pharmacy Major Trust Chemists & Druggists Ltd bags coveted "Emerging Retail Pharmacy Chain Award in 2010" in Mumbai by His Excellency Shri K. Sankaranarayanan, Honb'le Governor of Maharastra
Hemant Bothra led trust Chemists and Druggists Ltd. Aims to create 200 outlets in karnataka & tamilnadu by 2011
Tweet-- Nation's Biggest Pharmaceutical Leadership Summit & Awards 2010 "3rd Annual Pharmaceutical Leadership Summit" on 25th & 26th of June 2010 at Hotel Intercontinental, Mumbai, India hosted by Pharmaleaders & Indo-American Chamber of Commerce, culminated in much pump guity with 2 days of active deliberataions by Industry's top Leaders. A white paper on Empowering Indian Pharmaceutical Industry to lead Globally by Interlink penned by Dr R.B. Smarta, Chairman Of Interlink was released by Shri Sanjay Nirupam, Hon'ble Member of Parliament, Government of India in the presence of Mr Kewal Handa : Managing Director - Pfizer Ltd, Mr Tapan Ray, Director General Oppi, Mr Deepak Pawa, Past President of Indo-American Chamber of Commerce,Ms Seema Vyas, FDA Commissioner, Government of Maharastra on 25th June 2010. Addressing the Meet, Mr Nirupam urged upon the Pharmaleaders to provide quality medicines at affordable rates to the economically poorer sections of the country while Seema Vyas stressed upon the need for a stronger law to combat spurious drugs.
The Big suspense was over on 26th June when all Award Winner Names were announced in all the categories at 07.00 PM. His Excellency Shri K. Sankaranarayanan, Honb'le Governor of Maharastra conferred the Awards to all the Winners in the presence of Hon'bleMinister of Food & Drugs Administration Shri Manoharrao Rajusingh Naik of Maharastra Government. Listed below are the Winners - Businessman of the Year 2010 - Shri Malvinder Mohan Singh, Group Chairman, Fortis Healthcare & Parkway Holdings declared Businesswoman of the Year 2010 & Dr.Villoo Morawala-Patell, Founder and CMD, AVESTHAGEN LIMITED as Businesswoman of the year . Dynamic Entrepreneur of the Year 2010 went to Shri Dilip Surana, CMD, Microlabs Ltd,a Bangalore based pharma Major. Trust was declared Winner in the PharmaLeadership Meet in the category of Emerging Retail Pharmacy Chain Company of the Year. The other two nominees were Medplus & Guardian.
Inspired by the success & remarkable progress of his outfit Trust Chemists & Druggists Ltd which at present has 65 outlets in Karnataka & 14 outlets in Tamilnadu, Hemanth Bothra led Trust Chemists and Druggists is all set to take the plunge by expanding retail pharmacy business in Karnataka & Taminadu. Trust Chemists has grown meticulously over last seven years & has consistently performed in quality Patient care & non stop 24 /7 service with 25% of the outlets open round the clock .As a regional player in the south, we have decided to keep our foothold in Karnataka & Tamilnadu as we feel that we need to do a lot in these two states before going to other states. "We have no ambition to grow over night.We will expand according to the needs & requirements & not merely to increase our business volumes. Today we have a credible name because of our unique services & good retail medical practices " says Mr Bothra.Some of the key players in the organized pharmacy sector in India are pharmacy chains like Apollo Pharmacies, Guardian Pharmacy, Religere wellness etc. Trust Chemists & Druggists Ltd started the chain not with the intention of springing it off as a business, but as a part of our commitment to society because patients were not getting the medicines that are essential and genuine. Trust is facing stiff competition various organized chains and unorganized outlets who are competing based on discounts and generic sales.The competition is getting more and more complicated by way of substitution by various various organized chains and unorganized outlets and the ignorant customer does not get a bill for the purchases.The latest spurious drug racket in Tamilnadu is an eye opener. There are lots of pharmacies in India which are running without qualified pharmacists. Most of the pharmacies lack proper storage facilities resulting in the products loosing their potency. Knowledge to offer basic information to customers and to educate them on dosage compliance, harmful effects of self medication etc.is a very important role of the qualified pharmacists in a pharmacy. With change in the life style, customers are becoming health conscious and demand better value added services.
Entry of corporate houses and hospitals in retail pharmacy is bound to improve the quality of services to consumers. This should motivate the existing players to consolidate and prepare themselves to remain as active players and emerge as a competent professional pharmacy which would benefit the customer. The number of present pharmacies in the country is estimated over 10 lacks. The industry is growing at 41% per annum and expected to reach INR 432 bn by 2011. Growth in this sector is being propelled by increase in healthcare spending, growth in pharma sector & organized pharma retail, changing disease profile of India, consumer attitudes, attractive margins and growth in OTC segment.The drivers and challenges explain the factors influencing growth of the industry and a brief analysis of the major issues/challenges hindering growth. The report also highlights the current market trends. The competitive landscape profiles the major players in this sector including the business description, number of stores and expansion plans for each player. The report also provides details of the key developments in this sector.The Indian retail industry is the fifth largest in the world. Comprising of organized and unorganized sectors, India retail industry is one of the fastest growing industries in India, especially over the last few years. Though initially, the retail industry in India was mostly unorganized, however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow at a pace of 25-30% annually. The India retail industry is expected to grow from Rs. 35,000 crore in 2004-05 to Rs. 109,000 crore by the year 2010.
Notes to Editor
About Trust Chemists & Druggists Ltd.
With 56 outlets in Karnataka and 14 outlets in Tamilnadu,Trust Chemists and Druggists is the only organized retail chain in the Country which has specialized itself in different formats of pharma retail . Today TRUST runs stand-alone pharmacies, pharmacies in various hospitals ,pharmacies in IT campuses and other corporate sectors, pharmacies in Malls and shop in shop pharmacies in supermarkets. TRUST provides round the clock free home delivery any where in Bangalore and free health check up camps to its customers in regular intervals. Any customer walking into Trust outlet can get their Height, weight and blood sugar check up, free of cost. Qualified and trained Pharmacists are available in the outlets at any given time.As a policy,all medicines dispensed at TRUST is as per the prescription of the Doctor and there is no substitution and is accompanied with a bill. TRUST is the only pharmacy retail chain which has a co-branded credit card with Axis bank and is an exclusive partner with 'I mint' loyalty card and 'People health' loyalty card which provides lots of value additions to its customers. TRUST provides "Smart Card" to its customers which stores all the transaction details and also the health records of the Customers.Mr. Hemanth Bothra spearheads the operations along with its dynamic Vice President, Mr.K.A.Cariappa . Mr.Hemanth conceived the concept of Pharmacy retailing when he was in London.He returned to India and started Trust Chemists and Druggists in the year 2003.Since then Trust Chemists and Druggists has reached great heights and has won several awards like the 'India retail forum award' for the best customer service among retail pharmacy chains in India in the year 2006. Recently Trust Chemists & Druggists Ltd bagged the prestigious Fastest growing Retail Pharmacy Chain in India at the high profile India Leadership Conclave 2009 from Union Minister of Urban Devlopment Mr Jaipal Reddy at Delhi.