Biography of Parasharan Chari: Founder of Medkart Pharmacy- Entrepreneur

 Biography of Parasharan Chari: Founder of Medkart Pharmacy- Entrepreneur

Biography of Parasharan Chari:

The Educational Foundation

Parasharan Chari’s educational journey began at Sabari Vidyalaya, where he completed his Higher Secondary Certificate in Science in 2001. His curiosity and passion for engineering led him to Birla Vishvakarma Maha Vidyalaya (GIA) in V.V. Nagar, where he pursued a Bachelor of Engineering in Electrical and Electronics from 2001 to 2005. This technical background laid a strong foundation for his future career in various industries.

Business School Breakthrough

After his undergraduate studies, Parasharan sought to deepen his knowledge of business management. He enrolled in the SP Jain Institute of Management & Research (SPJIMR), one of India’s premier business schools, where he completed his MBA in 2007. This education equipped him with strategic thinking and managerial skills, crucial for his later roles in leadership and entrepreneurship.

Early Career Beginnings

Parasharan's professional journey began with Tech Mahindra, where he worked as a Software Engineer from August 2005 to April 2006. During this period, he gained valuable experience in software development and engineering, which honed his technical skills and understanding of complex systems.

Transition to Business Analysis

In June 2007, Parasharan joined Tata Consultancy Services as a Senior Business Analyst. Over the next nine months, he was involved in analyzing business processes and providing solutions to improve efficiency. This role marked his transition from a technical role to one focused on business strategy and operations.

Leadership in Education

In February 2008, Parasharan moved to Endeavor Careers, where he took on the role of Chief Operating Officer. His nine-year tenure there, until November 2017, was marked by significant achievements. He played a pivotal role in shaping the careers of thousands of MBA aspirants, overseeing operations and driving growth for the company.

Founding Medkart Pharmacy

In December 2017, Parasharan co-founded Medkart Pharmacy, a venture dedicated to reducing medicine bills for customers. As a Director, he has been instrumental in expanding Medkart’s reach and ensuring that quality generic medicines are accessible at lower prices. The company operates with a strong mission to make healthcare more affordable.

Tackling High Medicine Costs

Medkart Pharmacy was born out of Parasharan’s realization of the high costs associated with branded medicines and the lack of awareness about cheaper generic alternatives. The startup was founded with the aim of making quality generic drugs available to patients, thus reducing their medical expenses significantly.

Expanding the Business

Under Parasharan’s leadership, Medkart has grown significantly, with a presence across more than 100 locations in Western India. The company now serves over 200,000 customers monthly, helping them save more than 6.8 crores each month. This growth reflects Medkart’s impact on making healthcare more affordable.

Biography of Parasharan Chari: Founder of Medkart Pharmacy- Entrepreneur/ Investor/Age/Net worth/Wife/Success story of  Parasharan Chari/Medkart Pharma

The Inspiration Behind Medkart

The idea for Medkart was partly inspired by the high cost of medicines experienced by Ankur Agarwal’s father-in-law. Ankur discovered that generic alternatives could drastically reduce the cost of medications. This realization, combined with his background in finance and Parasharan’s expertise in operations, led to the creation of Medkart.

Overcoming Initial Challenges

Starting Medkart was not without its challenges. The team had to educate consumers about the benefits of generic medicines, which required a shift in mindset and overcoming skepticism about quality. This effort involved creating awareness, building trust, and ensuring the quality of the products offered.

Building Awareness and Trust

One of Medkart’s major tasks was to change the perception of generic medicines. By ensuring that all products met high standards and educating customers about their benefits, Medkart worked to build a reputation for reliability and affordability. The company also advocated for policy changes to promote transparency in drug pricing.

Achievements and Milestones

Eight years into its journey, Medkart has achieved notable milestones. With a network of over 100 stores and a comprehensive online portal, the company has catered to more than 600,000 unique customers. The savings for these customers amount to at least Rs 200 crore, showcasing Medkart’s significant impact on the healthcare sector.

Recognition and Validation

Medkart’s commitment to quality and affordability is validated by the testimonials of approximately 6,000 doctors who endorse the company’s medicines. This endorsement reinforces Medkart’s credibility and the effectiveness of its mission to provide affordable healthcare solutions.

Medkart’s success is a result of a strategic approach to scaling the business. This involved identifying target markets, implementing effective business strategies, and continuously adapting to the evolving needs of customers. The company’s growth reflects its ability to navigate the challenges of the pharmaceutical retail industry.

The Personal Side of Parasharan

Outside of his professional achievements, Parasharan Chari is passionate about sports and fitness. He has completed over 20 half marathons, multiple 50+ km runs, and even a 100 km cycling race. His enthusiasm for physical challenges complements his professional drive, highlighting his dedication to both personal and professional goals.

Future Aspirations

Looking ahead, Parasharan and his team at Medkart remain committed to their mission of making healthcare more affordable. The company continues to focus on expanding its reach, improving customer education, and advocating for policy changes that support the accessibility of generic medicines. Their ongoing efforts aim to create lasting improvements in the pharmaceutical industry.

Through his diverse career and entrepreneurial ventures, Parasharan Chari has demonstrated a strong commitment to improving lives through accessible and affordable healthcare. His work with Medkart Pharmacy represents a significant contribution to the industry, reflecting his dedication to innovation and customer-centric solutions.

Timeline for Parasharan Chari story

2001: Completed Higher Secondary Certificate in Science at Sabari Vidyalaya.

2001-2005: Bachelor of Engineering in Electrical and Electronics from Birla Vishvakarma Maha Vidyalaya (GIA).

2007: Completed MBA at SP Jain Institute of Management & Research (SPJIMR).

August 2005 - April 2006: Software Engineer at Tech Mahindra.

June 2007 - February 2008: Senior Business Analyst at Tata Consultancy Services.

February 2008 - November 2017: Chief Operating Officer at Endeavor Careers.

December 2017: Co-founded Medkart Pharmacy as Director.

Present: Medkart operates across 100+ locations, serving over 200,000 customers monthly and saving over 6.8 crores each month.

 Biography of Parasharan Chari: Founder of Medkart Pharmacy- Entrepreneur/ Investor/Age/Net worth/Wife/Success story of  Parasharan Chari/Medkart Pharma