Japanese Multinational Bought Marginal Stake in Guardian Lifecare

Mitsui Corp, the private equity company of Japanese multinational bought marginal stake in Guardian Lifecare, the Gurgaon-based pharmacy store. This indicates how foreign investors are keen towards 20 billion dollar pharmacy as well as wellness market of India.
 
A Mitsui fund put in dedicated growth capital of over 80 crore Rupees in Guardian Lifecare, a company that is engaged in retailing drugs with 230 stores in 20 cities. The company with an experience of around 10 years planned to double the network of its store to 400 by 2014.

Guardian Lifecare started selling the third-party branded products under its own brand name with over 220 stock units in various categories such as mineral water, vitamins, personal care, nutrition, sports nutrition and many more. The revenue of chain in 2011 was 110 crore Rupees.

Higher potential as well as organised wellness and Pharma chains attracted attention of foreign players in India as well.