JMD Medico on its Aggressive Pan-India Expansion Aims sales of INR 500cr in next three years
Mumbai : JMD Medico Service Ltd. (a subsidiary of JMD Ventures Ltd, which is listed on BSE) announces aggressive pan India expansion plans by launching a wide range of Ayurvedic products. JMD Medico is an Ayurveda company headquartered in Mumbai, offering a wide range of Ayurvedic, 100% herbal and natural products.
JMD Medico Service Ltd. (a subsidiary of JMD Ventures Ltd, which is listed on BSE) announces aggressive pan India expansion plans by launching a wide range of Ayurvedic products. JMD Medico is an Ayurveda company headquartered in Mumbai, offering a wide range of Ayurvedic, 100% herbal and natural products.
The launch in Maharashtra supports JMD Medico’s national growth strategy. The company has setup a logistics centre in Mumbai to address and satisfy the local demand in Maharashtra and neighbouring states. The company also has a logistics centre in Kolkata to cater to demands of Eastern India.
JMD Medico began its journey in the year 2015 with a vision to improve the quality of life with the help of Ayurveda. JMD Medico after tasting success in the Eastern parts of the country now launches its wide range of products that are Ayurvedic, 100% herbal and natural in Maharashtra.
JMD Medico aims to be one amongst the leaders in the Ayurvedic industry relating to health, skin, hair, body problems. Currently, the company’s portfolio consists of 18 products in hair care, skin care, health care and body care collectively. JMD Medico has an existing distribution network of 10 super stockists, 50 distributors and 5000 retailers. All products of JMD Medico are 100% herbal products with no side effects. JMD Medico is associated with Good Manufacturing Practices (GMP) and 100% herbal certificate holders.
Mr. Jagdish Purohit – Chairman, JMD Medico Service Ltd. said, “Ayurvedic products are gaining acceptance not only in India but also across the globe due to the natural medicinal benefits they offer without any side effects. Apart from this, the measures taken by Government of India in encouraging & promoting usage of Ayurvedic products has also helped the industry. In our first year, we managed to make a strong presence in the eastern states of India. We see western India as a primary market since the consumption of Ayurveda products is humungous. We plan to make a double-digit growth by the end of the year by growing our network and launching our products across the country. To achieve our target, we plan to have a retail network of over 50000 pan India. We also plan to increase our product portfolio by introducing new products on a monthly basis.”
The India herbal products market comprises of herbal hair care, herbal skin care, herbal oral care and other products such as digestive remedies, Chyawanprash and balms. The Indian herbal market size is estimated to register a CAGR of 16% through 2021. Introduction of Ayurvedic nutraceuticals & dietary supplements as well as Ayurvedic cosmetics & skin care products is likely to boost the market over the next five years. Moreover, rising health concerns and awareness of side effects of allopathy are few of the major factors driving consumer preference for Ayurvedic products in the country. Rising number of exclusive showrooms and increasing availability of Ayurvedic products at multi-branded stores is also boosting sales of Ayurvedic products in the country.
JMD Medico’s foundation is firmly rooted in its commitment of providing the best that nature has to offer. The products of the company manufactured are researched, tested and developed in their own R&D unit located in Haridwar by a panel of eminent doctors and scientists.
