Q You spearhead the pharmacy business. Take us through its recent demerger worth ₹567 crore from the listed business and the way forward for this vertical.
The pharmacy demerger was because of compliance. When we started it, we looked at it as patient care and suddenly it became materially significant. When you have 3,800 pharmacies and such a turnover, and you’re making profits, it becomes materially significant. The demerger took a long time because there are almost 15,000 permissions that are required. We have pharmacies in so many states, so many locations. It took us over a year and now the National Company Law Tribunal has cleared it. What it has actually given us is the ability to have a great new company, a subsidiary that is focussed… we decided to add digital to it. We now have probably India’s finest digital health-spanning pharmacy.
Q Amazon recently launched its pharmacy business, Reliance acquired Netmeds and there was Medlife’s merger with PharmEasy. How do you think this sector will pan out?
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Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharmaâs super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, heâs hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
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Industry 4.0: Climate Revolution?
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EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
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