Abhay HealthTech Strengthens OTC Market Presence with MNP Healthcare Acquisition
Written by Sirish Dixit
Abhay HealthTech has acquired MNP Healthcare, boosting its footprint in the Indian OTC market. This strategic acquisition will enhance Abhay’s product lineup and leverage MNP's expertise. This partnership aims to deliver innovative healthcare solutions and expand market reach.
Abhay HealthTech has taken a significant step in expanding its footprint in the Indian OTC healthcare market by acquiring MNP Healthcare, a Faridabad-based manufacturer of consumer healthcare products. This strategic acquisition not only enhances Abhay HealthTech’s portfolio but also reinforces its commitment to providing quality healthcare solutions.
Under this acquisition, Abhay HealthTech will integrate MNP Healthcare’s comprehensive range of brands, products, personnel, and manufacturing facilities into its operations. This move will enrich Abhay HealthTech’s offerings and enhance its sales and distribution capabilities, allowing the company to better meet the growing market demands.
MNP Healthcare’s directors, Mohanlal Yadav and Naveen Pathak will join Abhay HealthTech’s advisory board, contributing their valuable expertise in product research, development, and manufacturing.
“This acquisition marks a pivotal step in our journey to establish Abhay HealthTech as a leading player in the healthcare sector,” stated Sougat Chatterjee, Co-founder and CEO of Abhay HealthTech. “By aligning with MNP Healthcare, we’re not only broadening our product range but also reinforcing our commitment to providing top-quality healthcare products to a wider audience.”
Apurv Modi, Co-founder and Managing Director, emphasized the long-term advantages of this partnership: “MNP Healthcare brings significant manufacturing expertise and a track record of delivering competitive products. Together, we will enhance our market position and continue to innovate in healthcare solutions.”
Mohanlal Yadav, Managing Director of MNP Healthcare, expressed excitement about the partnership: “This collaboration will help us expand our reach while staying committed to delivering innovative products. We look forward to this new chapter with a trusted partner like Abhay HealthTech.”
This acquisition is part of Abhay HealthTech’s strategic vision to collaborate with industry leaders, ensuring ongoing innovation and accessibility in healthcare products for consumers across India.