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Medikabazaar CEO Injects Growth Shot
Mint Chennai
|June 06, 2025
After prolonged legal battles, the startup is now focusing on growing exports and expanding its product range
Medikabazaar, a medical equipment supplier, expects to put the controversies behind it as it targets profitability this year, chief executive Dinesh Lodha said in an exclusive interview. The startup, entangled in legal disputes, has started exports and is expanding its portfolio offerings to drive growth.
Lodha, who was appointed as group CEO in August 2024, said the business is recovering, helping restore investor and customer confidence. "It is the third quarter (since) I joined, and in last two quarters there were significant changes happening in the business. We cut our losses by 80% in quarter four from quarter one."
In FY25, it posted annualised revenue of 2,200 crore, basis of Q4, and is looking at revenues of ₹3,000 crore by FY26, with EBITDA profitability, he said. "For the first time, the firm will show a solid profitability and a good cash flow."
Denne historien er fra June 06, 2025-utgaven av Mint Chennai.
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