Jashvik Capital acquires stake in pharma software provider Marg ERP for over ₹400 crore

The company bets on the growth of organized health software in the Indian market, where Marg ERP is currently a market leader. The health software services market in India has not been largely organized, but it is expected to grow by digitalization, tightening of regulatory processes and the tail winds that focus on the increase in consumer trends, the founding and executive partner Naresh Patwari. Mint.

“Health Saas was a great opportunity globally. We think we’re at the beginning of this super cycle in India,” Patwari said. “Our view is the first step in creating a platform that can ride this super cycle, even though India is in the early stages of this transformation.”

Jashvik Capital, a second market -based Bharuch -based Jabsons Foods, Bengaluru -based Futura Surgicare and Hyderabad -based eye care chain smart vision eye expertise PVT. Ltd.

In addition, in February, pest control and home care products manufacturer Midas hygiene investment in the process of closing.

Founded in 2000, Marg ERP is one of the largest ERP of the country (Corporate Resource Planning) and accounting software providers for pharmaceutical retailers and wholesalers. The company currently has more than 500,000 subscribers and is available in India and 32 other countries.

It works greatly with players in the pharmaceutical distribution chain, including wholesalers, distributors and pharmacies. Patwari said that some of the segments in the distribution chain have a market share of over 50%.

“Marg is an extremely profitable, rapidly growing company. Growth is 25% in the long term and recently 40%. It can be united for an open market leader and for the next 10-15 years. Perhaps we are in the first stages of a long-term tendency.”

The company plans to scale Marg’s operations through a mixture of organic and inorganic strategies, and to invest more in RAR -G. “

API Holdings, the main company of brands such as India’s largest digital health platform and Pharmaasy, bought 49% of the founders of the company in Marg ERP in February this year in 2022.